At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.
Job Description
NOTE This role offers a hybrid/flexible schedule, which means theres an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. This role can be located in Minneapolis, MN or Charlotte, NC only.
The position is an individual contributor role within the Bank's Second Line of Defense Risk Management and Compliance organization. Specifically, this position supports the Model Risk Management (MRM) program at the Bank. Validation Analysts within MRM provide independent validation of models that the Bank relies on for making financial decisions. A robust and comprehensive model validation independently challenges a model's conceptual framework and methodology, input data, implementation process, usage, and performance. The validation process also identifies corrective actions to ensure timely remediation of model risk.
The individual in this position works with Model Owners and Developers to validate models used for fraud detection, adhering to OCC 2011-12 Regulatory Guidance and USBs Model Risk Management Policy and Standards. They will document and present model validation findings to model owners and developers and will interface with key stakeholders, regulators, and internal auditors to discuss the justification and reasoning behind various validation and review findings.
1. Perform complex mathematical analysis using various statistical methods or techniques including machine learning, logistic regression, and other ensemble methods.
Essential Functions
Basic Qualifications
-Bachelor's degree in a quantitative field required with at least 5 years of relevant experience
OR
-MA/MS with at least 3 years of related experience
OR
-PhD with less than 2 years of related experience
- Must be a self-motivated worker capable of managing multiple tasks across various timelines.
Preferred Skills/Experience
- Thorough data compilation, programming, and qualitative analysis skills.
- Prior exposure to validation or development of Fraud models, Artificial Intelligence, Machine Learning, or Natural Language Processing models.
INDMO
If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our
disability accommodations for applicants
.
Benefits
Our approach to benefits and total rewards considers our team members whole selves and what may be needed to thrive in and outside work. Thats why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours)
- 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
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the