Quantitative Model Analyst

$92,820 - $109,200/Yr

US Bank - Chicago, IL

Full-time - Mid Level

Chicago, IL

Credit Intermediation and Related Activities

About the position

The Quantitative Model Analyst at U.S. Bank is responsible for creating, validating, testing, documenting, and implementing complex statistical models that support financial decision-making processes. This role involves communicating model results to stakeholders and producing various documentation deliverables, including reports and code documentation. The position requires a strong analytical background and the ability to manage multiple tasks effectively.

Responsibilities

• Create and validate complex statistical models for financial decision-making.
• Test and document statistical models and their usage.
• Communicate model results and methodologies to stakeholders within the Bank.
• Develop model documentation including presentations, reports, and business requirements.
• Monitor model performance and produce related reports.

Requirements

• Bachelor's degree in a quantitative field and three or more years of relevant experience, or MA/MS in a quantitative field with less than three years of related experience.
• Basic knowledge of regression techniques and statistical models.
• Experience with Python, SAS, or similar statistical packages.
• Strong analytical, organizational, and problem-solving skills.
• Effective verbal and written communication skills.

Nice-to-haves

• Knowledge of quantitative and qualitative risk factors and risk management approaches.
• Familiarity with regulatory rules and guidance related to financial modeling.
• Ability to manage multiple tasks across various timelines.

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