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

This model development manager will lead a team in addition to individual projects to develop models used for asset/liability management. Models can encompass a wide range from industry-level balance sheet forecasting to security risk sensitivity analysis and yield curve modeling. This role will be responsible for providing oversight for a team in the form of ideas and/or code for analysts to develop or maintain or developing conceptual framework for models. Most models will be developed in python but use of other languages such as SQL might be required. Explaining banking concepts or modeling concepts to analysts in order to foster understanding may also be required.

The model development manager will set project timelines, deliverables and be the main point of contact with third-parties such as model risk analysts and auditors. The role will require the ability to explain complex items in a straight forward manner.

Basic Qualifications

Bachelor’s degree in a quantitative field, and 10 or more years of relevant experienceOR

MA/MS in a quantitative field, and six or more years of related experienceOR

PhD in a quantitative field, and five or more years of related experiencePreferred Skills/Experience

Programming in either Python, SQL, Matlab, C+Knowledge of time series modeling techniques

In-depth knowledge of bank products and modeling techniques used in banking

Familiar with mathematical concepts such as principal component analysis, Taylor’s approximation, and model calibration

Experience leading a team or project and/or mentorship experience

Experience with project management aspects such as timeline planning and changes

Strong written and verbal communication skills

NOTE: This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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. That's 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 KNOW YOUR RIGHTS EEO poster.

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 E-Verify program .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $129,455.00 - $152,300.00 - $167,530.00

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.