Senior Retail Credit Model Developer

U.S. Bank • Minneapolis, MN

2d • Onsite

About The Position

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 Leads credit model development to create, validate, test, document, implement, and/or oversee usage of complex statistical models. The models will cover a variety of consumer credit products. Specific results focus on the creation and/or testing of advanced statistical models and communicating such models to stakeholders within the Bank. Responsible for oversight of key development deliverables including the creation of model development and/or validation documentation such as presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures. The role is highly technical and requires significant interaction with regulators (OCC and FRB) along with the ability to explain complex items in a straightforward manner.

Requirements

• Bachelor’s degree in a quantitative field, and 10 or more years of relevant experience OR
• MA/MS in a quantitative field, and six or more years of related experience OR
• PhD in a quantitative field, and five or more years of related experience

Nice To Haves

• Extensive knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical and machine learning models, various model validation tests/methodologies, using statistical packages
• Advanced data compilation, programming skills and qualitative analysis skills
• Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
• Thorough knowledge of applicable regulatory rules, guidance, or supervisory letters
• In depth knowledge of Bank products and services
• Demonstrated independence, teamwork and leadership skills
• Strong analytical, organizational, problem-solving, negotiation, and project management skills
• Excellent interpersonal, verbal and written communication skills

Responsibilities

• Leads credit model development to create, validate, test, document, implement, and/or oversee usage of complex statistical models.
• Responsible for oversight of key development deliverables including the creation of model development and/or validation documentation such as presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures.
• Communicating such models to stakeholders within the Bank.
• Significant interaction with regulators (OCC and FRB) along with the ability to explain complex items in a straightforward manner.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior