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Quantitative Model Analyst 2

U.S. Bancorp

U.S. Bancorp

Multiple locations
Posted on Thursday, October 26, 2023

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

Performs all phases of large complex model development, validation, and performance management for various types of projects. Projects may include data aggregation, model design, model selection, testing, documentation, validation, implementation, and execution. Incumbent should have a strong statistical modeling background based on technical training or advanced education in a quantitative field. May interact directly with senior managers requiring advanced levels of presentation and relationship building skills. This position will also have occasional exposure to internal and external oversight. Incumbent is expected to progress to a subject matter expert in one or more areas. Prefers a basic understanding of applicable laws, regulations, financial services, and regulatory trends that affect their assigned line of business. Position requires limited management direction.
Basic Qualifications
- Bachelor’s degree in a quantitative field, and three or more years of relevant experience
- MA/MS in a quantitative field, and less than three years of related experience
Preferred Skills/Experience

- Statistical modeling background based on technical training or advanced education in a quantitative field.

- Basic knowledge of various regression techniques (linear, logistic), parametric and non-parametric algorithms, times series techniques (ARIMA, GARCH), and other statistical models, various model validation tests/methodologies, using SAS, R, or similar statistical package.

- Experience with data compilation, programming skills and qualitative analysis skills such as Python, VBA, and C++.

- Basic knowledge of the Mortgage Industry. Specifically, knowledge pertaining to mortgage servicing rights (MSR) valuation, market risk hedging, and current coupon/primary mortgage rate generation.

- Knowledge of quantitative and qualitative risk factors (duration, convexity), industry risks, competition risks, and risk management approaches.

-Experience modeling or analyzing mortgage prepayments and delinquencies.

- Basic understanding of applicable laws, regulations, financial services, and regulatory trends that affect the mortgage business.

- Strong project management skills.
- Demonstrated independence, teamwork, and leadership skills.
- Effective interpersonal, written, and verbal communication skills.

NOTE: This role is hybrid. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days.



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.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.


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 (some may vary based on role, location or hours):

  • 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

EEO is the Law

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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.


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 operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $87,465.00 - $102,900.00 - $113,190.00