US Bank Quantitative Analyst Mortgages multiple positions 

United States, Minnesota 

35707956

Job Description

U.S. Bank is seeking the position of Quantitative Analyst (Mortgages) (multiple positions) in Hopkins, MN.

Essential Responsibilities:

• Apply quantitative model analytics and technical writing to support different model governance needs and model risk management requirements;
• Communicate with different stakeholders (Model validation, Business line, Executive Management and Technical Writers) to understand different business needs and define priorities;
• Provide analytical support to Mortgage Servicing Rights (MSR) valuation & hedging using Polypaths and communicate results to senior management and relevant stakeholders;
• Work closely with mortgage pipeline risk management on valuations of residential mortgage interest rate locks, loans and hedges using Quantitative Risk Management (QRM);
• Provide adhoc analysis within vendor systems to support model documentation and validation responses; and
• Review mortgage model governance framework, including model documentation guideline, CCAR documentation standard, Archer system, model inventory management, and model change management.

Basic Qualifications:

Position requires a Master's degree in Data Science, Finance, Statistics, Mathematics, or a related field, and 1 year of experience as a Financial Quantitative Analyst, or a related occupation.

Required Skills/Experience:
Experience must include 1 year of experience with each of the following:

Monitoring and supporting mortgage models including mortgage prepayments, mortgage delinquencies and foreclosures, term structure models, stochastic valuation models, rate lock fallout model and mortgage pipeline valuation models; Conducting best execution analysis, interest rate lock analysis on loan level data and single instrument validation analysis on To‐Be‐Announced securities to validate performance of different behavioral model in QRM (Quantitative Risk Management); Creating and optimizing code to extract swaption volatility data and perform quality assurance checks using R and VBScript; and SQL, Python, Tableau, PolyPaths, SAS.

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 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 .

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).

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

U.S. Bank accepts applications for this position on an ongoing basis.