U.S. Bank Job - 31741951 | CareerArc
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Company: U.S. Bank
Location: New York, NY
Career Level: Associate
Industries: Banking, Insurance, Financial Services


U.S. Bank is seeking an accomplished retail credit model development manager with experience and in-depth knowledge of credit risk models used in stress testing (CCAR) and credit reserves (CECL) to lead a team of model developers. The ideal candidate has extensive experience in retail credit risk model development, management and leadership of multiple teams including setting goals and objectives, resource allocation and project management. In this role, you will contribute to the success of U.S. Bank's credit risk modeling initiatives.

The position will interact directly with senior management and regulatory agencies, requiring expert level of presentation, relationship building, and communication skills. The candidate is expected to have ability to influence across the organization and drive model risk management best practices for such models.

Successful applicants will exemplify US Bank's ethical principles of uncompromising integrity, respect for others, accountability for decisions and actions, and good citizenship.

Leaders at U.S. Bank consistently demonstrate integrity and ethics, maturity and resilience, and inspire trust and confidence among their teams. Our leaders are strong communicators who promote collaborative relationships, influence others, and value the diversity of backgrounds and ideas among their employees.


Basic Qualifications

  • Master's Degree in Statistics, Economics, Finance, or related quantitative field
  • At least 12 years of experience responsible for major tasks, deliverables, formal methodologies and disciplines for delivering new or enhanced retail credit models at a financial institution regulated by the OCC or Federal Reserve
  • At least 12 years of advanced statistical modeling experience
  • At least 10 years of management experience
  • Programming experience in SAS, R, or Python

Preferred Skills/Experience

  • Ph.D. in Statistics, Economics, Finance, or related quantitative field

  • Management experience with model developers

  • Credit model development and testing

  • Business analysis and requirements documentation

  • Resource Planning

Subject matter expert in:

  • Statistical model development methodologies

  • Statistical model implementation

  • Credit risk stress testing

  • Retail collections policies, procedures, and practices

  • Accounting rules related to charge-off, recovery, OREO, and non-accrual accounting

  • Accounting rules for credit reserves (CECL)

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