U.S. Bank | Quantitative Model Development Analyst – Transaction and Item Fraud Strategy | Minneapolis, MN | United States | BigDataKB.com | 2023-01-15

Job Location: Minneapolis, MN

Job Detail:
At U.S. Bank, we’re passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country’s most respected, innovative and successful financial institutions. 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.

Job Description

We are now hiring for an exciting opportunity as Quantitative Model Development Analyst within U.S. Bancorp’s Enterprise Fraud Strategy team.

The successful candidate will play a key role in U.S. Bank’s Enterprise Fraud Strategy team. The Quantitative Modeling Development Analyst position creates, validates, tests, documents, implements, and/or oversees usage of complex statistical models, including machine learning models. The models may cover a variety of products or services; however, all models are used as part of the financial decision-making or fraud detection processes.

Specific results focus on documenting the creation and/or testing of advanced statistical models and communicating such models to stakeholders within the Bank. Deliverables include the creation of model development and/or validation documentation such as: presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures. This position will also liaise with U.S. Bank’s Model Risk Governance (MRG) team on an ongoing basis to continuously drive improvement with enhancements to reporting, monitoring and documentation.

In addition to having a strong quantitative and analytical background, we are looking for an individual with passion to drive change, comfortable multi-tasking, and thinking out of the box to build an efficient and more agile process to gain competitive advantage in our industry.

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

• Strong statistical model development experience in Artificial Intelligence and Machine Learning is highly desirable.
• Experience in model governance or model validation roles.
• Excellent written and verbal communication skills.
• Demonstrated project management, organization skills, and Agile experience.
• Advanced knowledgeable of quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches.
• Demonstrated independence, teamwork and leadership skills.
• Analytical Abilities / Financial Acumen – Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results, and arrive at well-founded logical conclusions.
• Experience coding in various languages (SAS, Python, R, SQL, etc) to explore and perform analytical analysis on large, disparate and complex data.
• Thorough knowledge of fraud, strategic planning, and banking operations.
• Comprehensive knowledge of bank systems, banking documents, and financial products including credit cards, ACH transactions, wires, checks and other electronic transfers.
• Advanced understanding of applicable laws, regulations, financial services, and regulatory trends that affect assigned line of business.
• Strong statistical modeling background based on technical training or advanced education in a quantitative field.
• Advanced 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.
• Strong data compilation, programming skills and qualitative analysis skills.
• Experience developing transactional fraud models, preferably using Actimize as the deployment/execution engine.

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.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.

Benefits:

Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That’s why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most – your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting careers.usbank.com.

EEO is the Law

Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law 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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $112,880.00 – $132,800.00 – $146,080.00

Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully-vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.

U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.

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