Quantitative Model Analyst 2

About the Role

This position requires limited management direction and is expected to progress to a subject matter expert in one or more areas. 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.

Key Responsibilities

• Perform 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.

Requirements & Tech Stack

• 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, time series techniques (ARIMA, GARCH), and other statistical models.
• Knowledge of various model validation tests/methodologies.
• Experience using SAS, R, or similar statistical packages.
• Experience with data compilation and programming skills.
• Experience with qualitative analysis skills.
• Experience with 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.

Qualifications

• Bachelor’s degree in a quantitative field, and three or more years of relevant experience.
• OR MA/MS in a quantitative field, and less than three years of related experience.

Location Expectations

• This role requires working from a U.S. Bank Location three (3) or more days per week.