Quantitative Model Analyst 2
U.S. Bank
St Louis, MO0–3 yrs1h agovia LinkedIn
About the Role
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. 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. Position requires limited management direction.
Key Responsibilities
- Data aggregation
- Model design
- Model selection
- Testing
- Documentation
- Validation
- Implementation
- Execution
Requirements & Tech Stack
- 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
- 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.
- Knowledge of various model validation tests/methodologies.
- Experience 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.
- Location requires working from a U.S. Bank Location three (3) or more days per week.