Quantitative Model Analyst in New York, New York.

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

U.S. Bank is seeking the position of Quantitative Model Analyst in New York, New York.

Essential Responsibilities:

• Create, validate, test, document, implement, and/or oversee the usage of complex statistical models for financial decision-making processes.
• Document creation and/or testing of advanced statistical models and communicate models to stakeholders within the Bank.
• Develop and implement a comprehensive Stress Test framework for the counterparty derivative portfolio.
• Design new stress scenarios (Parametric, Historical, and Forward-Looking) for stress testing exercises by conducting thorough analysis of macroeconomic, financial, and industry-specific factors.
• Monitor and analyze counterparty exposure movements on an ongoing basis, tracking changes in credit risk and financial exposure levels.
• Perform detailed driver analysis to identify the underlying factors contributing to fluctuations.
• Generate comprehensive reports and actionable insights to support informed risk management decisions.
• Design and implement a methodology overlay to provide a tactical solution for model limitations, enhancing accuracy and effectiveness.
• Develop and create innovative analytical models and comprehensive reporting tools to meet evolving business needs.
• Develop, implement, and maintain automated reporting and analysis tools using various software and programming languages to improve accuracy, reduce manual effort, and increase productivity.
• Collaborate with cross-functional teams to identify reporting needs, design tailored solutions, and integrate automated workflows that streamline data collection, processing, and visualization.

Position may allow working from home within commuting distance of worksite location. Multiple positions

Basic Qualifications:

Requires a Bachelor’s degree in Statistics or Quantitative Finance plus 5 years of progressive, post-baccalaureate experience developing mathematical and statistical models in the investment banking and financial services industry.

Required Skills/Experience:

Must possess 5 years of experience with: (a) delivering presentations to senior management; (b) working with large datasets via SQL; (c) global markets and risk regulation including Basel 3 and Dodd-Frank; (d) Credit Risk including experience with portfolio level risk analysis and reporting using CFA and FRM; (e) utilizing all of the following: R, VBA, Python, PowerPoint, OTC Derivatives, Listed Derivatives, and Securities Financing Transactions.

Base pay range may vary if an offer is made for work in a different location. Pay Range: $112,778 - $218,400. (#LI-NDI #LI-DNI #LI-DNP #DE-DNP #IND-DNP)

• The examination for this position may include a supplemental questionnaire. Improper or missing responses could affect your application.
• This position is not eligible for visa sponsorship.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operat