Quantitative Model Analyst, Assistant VP (multiple positions)
About the position
U.S. Bank is seeking a Quantitative Model Analyst, Assistant VP for multiple positions located in Hopkins, MN. This role is integral to supporting the Comprehensive Capital Analysis and Review (CCAR) of Mortgage Servicing Rights (MSRs). The successful candidate will engage in various initiatives related to mortgage servicing valuation, with a particular focus on P&L attribution analysis. The position involves conducting model and assumption development, documentation, and ongoing monitoring of performance metrics. Additionally, the analyst will be responsible for monitoring the performance of current delinquency models and both short-term and long-term default probability models. A key responsibility will also include converting all existing VBA scripts into Python scripts, enhancing the efficiency and functionality of the analytical processes. This position offers a unique opportunity to work in a dynamic environment where you can contribute to significant financial analyses and model development. U.S. Bank values the diverse skills and experiences of its employees, and this role is designed for individuals who are eager to learn and grow within the financial sector. The bank encourages its employees to explore new skills and take on new challenges from Day One, fostering a culture of continuous improvement and professional development.
Responsibilities
Support Comprehensive Capital Analysis and Review (CCAR) of Mortgage Servicing Rights (MSRs).
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Support initiatives in mortgage servicing valuation, particularly on P&L attribution analysis.
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Conduct model/assumption development, documentation, and monitoring.
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Monitor performance of current delinquency models, short-term and long-term default probability models.
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Convert all existing VBA script into Python script.
Requirements
Requires a Master's degree in economics, Finance, Mathematics, Statistics, or a related field.
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2 years of experience as a Financial Quantitative Analyst or in a related occupation.
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Experience with market impact analysis.
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2 years of experience with C#, Discounted Cashflow models, JAVA, Matlab, mortgage servicing analytics, Mortgage Servicing Rights (MSRs), NPV models, Python, R, SAS, SQL, SQL Server, VBA, and VBA models.
Nice-to-haves
Benefits
Healthcare (medical, dental, vision)
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Basic term and optional term life insurance
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Short-term and long-term disability
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Pregnancy disability and parental leave
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401(k) and employer-funded retirement plan
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Paid vacation (from two to five weeks depending on salary grade and tenure)
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Up to 11 paid holiday opportunities
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Adoption assistance
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Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
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