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U.S. Bank is seeking an accomplished quantitative analyst for
modeling retail (residential mortgage, home equity, auto, credit cards, small
business) exposures for stress testing, including the Comprehensive Capital
Analysis and Review (CCAR), and Current Expected Credit Losses (CECL). The
credit risk modeling team lead will have extensive experience and in-depth knowledge
of credit loss modeling for retail portfolios such as default models,
transition models, loss-given-default models (LGD), and familiarity with
various vendor models. In this role, you will contribute to the success of U.S.
Bank's stress testing initiatives.



? Performs data analytics, statistical model development,
statistical testing, and model documentation of multiple, complex credit risk
models



? Partners with portfolio risk managers and business lines to
develop and implement quantitative models





? Communicates modeling concepts and model assumptions with
regulators, auditors, and independent model validation teams





? Provides direction and oversight to ensure quality deliverables
while meeting or exceeding stated deadlines





? Monitors and improves quality and ensures 'best practice'
modeling development techniques









**Qualifications:**



Basic Qualifications

- Bachelor's degree in a quantitative field, and five to eight years of experience in statistical modeling OR

- Master's or PhD degree in a quantitative field, and less than five years of experience in statistical modeling







Preferred
Skills/Experience





? 5 plus years of experience responsible for major tasks,
deliverables, formal methodologies and disciplines for credit risk modeling at
a financial institution regulated by the OCC or Federal Reserve





? Advanced statistical modeling experience





? Data Analysis with large complex data sets and data warehouses





? Statistical model development and testing





? Business analysis and requirements documentation





? Programming in SAS, R, or Python









Strong knowledge in:





? Consumer credit risk modeling - Knowledge of credit scores, LTV,
debt-to-income ratio, delinquency status, charge-offs, etc.





? Accounting rules related to charge-offs, recoveries, and
non-accrual accounting





? Allowance for Credit Loss accounting rules and regulations





? Statistical model development methodologies





? Statistical model implementation





? Stress testing concepts and related regulatory guidance









**Job:** Risk/Compliance/QC/Audit/Fraud



**Primary Location:** IL-IL-Chicago



**Shift:** 1st - Daytime



**Average Hours Per Week:** 40



**Requisition ID:** 190017772



**Other Locations:** Minnesota-MN-Minneapolis, North Carolina-NC-Charlotte, United States



U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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