Quantitative Model Validation Analyst

U.S. Bank

. Support the Bank’s Model Risk Management program .

Posted 11/5/2026full-timeUnited StatesMid-LevelSenior💰 $98,175 - $115,500 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in model risk management, including validation of macroeconomic forecasting models and compliance with regulatory expectations. Proficient in Python, SAS, and R, with strong analytical skills to assess model risks and communicate findings effectively.

Highest-signal resume keywords

Macroeconomic Forecast Model ValidationPython ProgrammingSAS ProgrammingR ProgrammingRegulatory Guidance Knowledge

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Model Risk ManagementMacroeconomic ForecastingStress TestingStatistical AnalysisValidation ProceduresSensitivity AnalysisBenchmarkingBack-TestingEstimation TechniquesVariable Selection Methodologies

Soft Skills

Strong Written CommunicationStrong Verbal CommunicationRelationship BuildingOrganizational SkillsTeam Collaboration

Industry Keywords

CCARCECLRegulatory ComplianceRisk ManagementForecast Error AssessmentModel Conceptual SoundnessOngoing Performance EvaluationGovernance CommitteesInternal AuditU.S. Bank Policies

Tech Stack

Tools & technologies

Python

About the role

Key responsibilities & impact

Support the Bank’s Model Risk Management program
Independently validate macroeconomic forecasting models used in regulatory and business planning processes, including CCAR, CECL, capital planning, and BAU activities
Work with Model Owners and Developers to perform risk-focused validations
Independently challenge model assumptions, theoretical foundations, estimation techniques, variable selection methodologies, forecasting performance, scenario design, sensitivity analyses, and outcome reasonableness
Assess model risks, limitations, uncertainties, and potential sources of forecast error
Provide independent conclusions regarding model appropriateness and fitness for use
Conduct independent testing, benchmarking, back-testing, sensitivity analysis, and other validation procedures
Evaluate model conceptual soundness, ongoing performance, and compliance with regulatory expectations
Document validation procedures, findings, and conclusions in comprehensive validation reports
Present results to model owners, developers, governance committees, and executive management
Interact with stakeholders across Risk Management, Finance, Treasury, and Business Lines
Interface with OCC, Federal Reserve, and Internal Audit to explain validation approaches, findings, model risk assessments, and remediation recommendations

Requirements

What you’ll need

Bachelor’s degree in a quantitative field, and five or more years of relevant experience OR MA/MS in a quantitative field, and three or more years of related experience OR PhD in a quantitative field, and less than two years of related experience
Excellent knowledge in economics, finance, statistics, and mathematics
Proficient in Python, SAS, and R programming languages
Experience in macroeconomic forecast model development or validation
Experience in stress testing models
Knowledge of regulatory guidance
Strong written and verbal communication skills, including ability to explain complex ideas in simple, non-technical language
Ability to establish and maintain effective working relationships
Ability to learn and understand various business lines and their functions
Ability to work independently and collaboratively within a team environment
Strong organizational skills and ability to work on multiple tasks effectively
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies
This role requires working from a U.S. Bank Location three (3) or more days per week

Benefits

Comp & perks

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
Incentive and recognition programs
Equity stock purchase
Pension
Disability accommodations during the application or hiring process