U.S. Bank is seeking an experienced Model Validation Director to lead a highly skilled analytic team and support the Model Risk Management program.
Requirements
- Master or Doctoral degree
- 10+ years of relevant experience
- 6+ years of experience leading a quantitative modeling team
- Advanced degree in quantitative discipline such as: Mathematics, Statistics, Finance, Economics or related field
- Strong background in at least one statistical programming language such as SAS, Python or R
- Strong critical thinking skills and a detail-oriented nature
- Strong background and practical experience working with econometric concepts such as time-series models and generalized linear regression approaches
- Demonstrated ability to draw insights from large complex datasets
- Strong background and practical experience developing and/or validating market risk, counterparty credit risk, and derivatives pricing models
- Excellent verbal and written communication skills
- Ability to build strong relations with peers, business line managers, and colleagues across the bank
- Highly motivated with ability to learn and understand various business lines and their function within the organization
- Strong leadership and organizational skills
- Experience with regulatory guidance (OCC 2011-12, Basel, ICAAP, FRTB, AMA, CCAR, FRTB and Market Risk Rule)
- Familiarity with vendor platforms such as: QRM, Polypaths, Yield Book, Risk Metrics, and Bloomberg
- Demonstrated experience with mortgage finance, such as mortgage servicing rights and the mortgage warehouse
- Experience working on teams that participate in bank stress testing exercises
- Strong understanding of various statistical, economic, and financial theories
- Strong understanding of regulatory rules and risk management procedures
- Demonstrated experience leading advanced quantitative teams with multiple layers and managing talent
- Strong project management skills
- Experience presenting analytic concepts and results to senior management
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
