US Bank Economist Job Id 2024-0015704 Location Minneapolis 

United States, Minnesota, Minneapolis 

933739456

Essential Functions

- Research historical macroeconomic trends in expansionary and recessionary periods to determine cyclical trends, economic expectations, and reasonability of forecasts

- Clearly explain economic scenario narratives, variances between forecasts and reasonability of assumptions

- Create, enhance, and maintain processes and controls used to capture, document, and distribute scenarios in compliance with bank and regulatory policies

- Manage the development, documentation, and distribution of scenarios for CECL scenarios including reporting and presentation data

- Provide strategic direction and guidance to senior management and operating committees on economic forecasts under various conditions and uses

- Ensure models used for CECL are validated in compliance with internal policies and procedures

- Build and maintain relationships with industry peers and regulators on evolving and best practice

Basic Qualifications
- Bachelor’s degree in a quantitative field, and eight or more years of relevant experience OR

MA/MS in a quantitative field, and five or more years of related experience OR

PhD in a quantitative field, and four or more years of related experience

Preferred Skills/Experience

- Thorough knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS or similar statistical package

- Thorough data compilation, programming skills and qualitative analysis skills

- Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches

- Advanced understanding of applicable regulatory rules, guidance, or supervisory letters

- Ability to manage multiple tasks across various timelines

- Strong analytical, organizational, problem-solving, negotiation, and project management skills

- Effective interpersonal, verbal and written communication skills

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 .

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: $145,180.00 - $170,800.00 - $187,880.00 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.