Quantitative Model Validation Analyst

U.S. Bank

. Support U.S. Bank’s Model Risk Management program . Independently validate macroeconomic forecasting models used for regulatory and business planning, including CCAR, CECL, capital planning, and BAU activities .

Posted 9/17/2026full-timeChicago • Illinois • United StatesMid-LevelSenior💰 $111,095 - $130,700 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in macroeconomic forecasting model validation, including proficiency in Python, SAS, and R programming languages. Strong analytical skills in econometric modeling, time-series analysis, and compliance with regulatory guidance are essential.

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

EconometricsTime-Series AnalysisStatistical Model Performance EvaluationStress Testing MethodologiesForecasting Performance AssessmentSensitivity AnalysisIndependent TestingBenchmarkingModel Risk AssessmentVariable Selection Methodologies

Soft Skills

Strong Written CommunicationStrong Verbal CommunicationOrganizational SkillsAbility to Work IndependentlyAbility to Collaborate

Industry Keywords

Model Risk ManagementCCARCECLRegulatory ComplianceOCCFederal ReserveInternal AuditBusiness PlanningValidation ProceduresCode of Ethics

Tech Stack

Tools & technologies

Python

About the role

Key responsibilities & impact

Support U.S. Bank’s Model Risk Management program
Independently validate macroeconomic forecasting models used for regulatory and business planning, including CCAR, CECL, capital planning, and BAU activities
Challenge model assumptions, theoretical foundations, estimation techniques, variable selection methodologies, forecasting performance, scenario design, sensitivity analyses, and outcome reasonableness
Assess model risks, limitations, uncertainties, forecast-error sources, appropriateness, and fitness for use
Conduct independent testing, benchmarking, back-testing, sensitivity analysis, and other validation procedures
Evaluate conceptual soundness, ongoing performance, and compliance with regulatory expectations
Document 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 regarding validation approaches, findings, risk assessments, and remediation recommendations
Communicate complex quantitative concepts to technical and non-technical audiences

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 and stress testing models
Knowledge of regulatory guidance
Strong analytical and quantitative skills, including econometric modeling, time-series analysis, macroeconomic forecasting, stress testing methodologies, and statistical model performance evaluation
Strong written and verbal communication skills
Ability to establish and maintain effective working relationships
Ability to work independently and collaboratively within a team environment
Strong organizational skills and ability to work on multiple tasks effectively
Must work from a U.S. Bank location three or more days per week
Applicants must comply with U.S. Bank policies and procedures, including the Code of Ethics and Business Conduct and workplace conduct and safety policies
Ability to comply with applicable employment eligibility verification and background-check requirements

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
401(k) contribution and pension