Quantitative Model Validation Analyst

U.S. Bank

. Support U.S. Bank’s Model Risk Management program within Risk Management and Compliance . Independently validate macroeconomic forecasting models used in regulatory and business planning processes, including CCAR

Posted 9/16/2026full-timeMinneapolis • North Carolina • United StatesMid-LevelSenior💰 $105,400 - $124,000 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 standards. Proficient in analytical techniques such as econometric modeling and stress testing, with strong communication skills to present findings effectively.

Highest-signal resume keywords

Macroeconomic Forecast Model ValidationPython ProgrammingSAS ProgrammingR ProgrammingStress Testing Methodologies

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Econometric ModelingTime-Series AnalysisStatistical Model Performance EvaluationForecasting Performance AssessmentSensitivity AnalysisModel Risk AssessmentValidation ProceduresRegulatory Guidance KnowledgeQuantitative AnalysisModel Conceptual Soundness Evaluation

Soft Skills

Strong Written CommunicationStrong Verbal CommunicationOrganizational SkillsCollaborationRelationship Building

Industry Keywords

Model Risk ManagementCCARCECLRegulatory ComplianceOCCFederal ReserveInternal AuditBusiness PlanningRisk ManagementCode of Ethics

Tech Stack

Tools & technologies

Python

About the role

Key responsibilities & impact

Support U.S. Bank’s Model Risk Management program within Risk Management and Compliance
Independently validate macroeconomic forecasting models used in regulatory and business planning processes, including CCAR, CECL, capital planning, and BAU activities
Work closely with Model Owners and Developers to perform thorough, 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 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, including ability to explain complex ideas in simple, non-technical language
Ability to establish and maintain effective working relationships with peers, business line managers, and colleagues across the bank
Ability to work independently as well as 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

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
Pension