U.S. Bank QRE Basel Quantification Manager in Fargo, North Dakota

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.

U.S. Bank is seeking an accomplished Basel Credit Risk Capital Model Development Manager with experience and in depth knowledge of Other Retail and Qualifying Revolving Exposure (QRE) Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) credit risk models. The ideal candidate has extensive resource allocation and project management experience. In this role, you will contribute to the success of U.S. Bank’s Basel III Advanced Credit Risk Capital initiatives.

  • Manages and runs multiple model development projects across several business lines and loan servicing platforms used for QRE and Other Retail Loans and Lines

  • Recruits, directs, motivates and develops staff to maximize their individual contribution, professional growth, and ability to function effectively with their colleagues in a cross functional team

  • Oversees the data analytics, statistical model development, statistical testing, requirement documentation, and implementation testing of multiple, complex, firm-wide Basel PD, LGD and EAD systems for all Other Retail and QRE portfolios

  • Partners with risk, finance, accounting, and technology to oversee or develop and implement PD, LGD and EAD systems and strategies

  • Communicates with regulators, auditors, and independent model validation team leaders to ensure Basel PD, LGD, and EAD systems are compliant with the Basel III Capital Rules

  • Completes required Model Risk Governance and Tool Risk Governance review procedures within or ahead of expected timelines

  • Performs gap analyses to Basel Capital related rules, bulletins, and guidance

  • Provides direction and oversight to ensure quality deliverables while meeting or exceeding stated deadlines

  • Sets prioritization, project plans and deadlines

  • Defines and manages resource requirements and allocations

  • Monitors and improves quality and ensures 'best practice' requirements and development techniques

  • Manages approximately 2 full time employees

  • Oversees complex employee relations issues

  • Approves management hires/transfers and salary adjustments

Successful applicants will exemplify US Bank's ethical principles of uncompromising integrity, respect for others, accountability for decisions and actions, and good citizenship.

Leaders at U.S. Bank consistently demonstrate integrity and ethics, maturity and resilience, and inspire trust and confidence among their teams. Our leaders are strong communicators who promote collaborative relationships, influence others, and value the diversity of backgrounds and ideas among their employees.


Basic Qualifications

  • Bachelor’s Degree

  • Master’s Degree in Statistics, Economics, Finance, or related quantitative field

  • At least 8 years of experience responsible for major tasks, deliverables, formal methodologies and disciplines for delivering new or enhanced Basel III Advanced Capital Models for Other Retail Loans and Lines and Qualifying Revolving Exposures at a Basel III Advanced required financial institution regulated by the OCC or Federal Reserve

  • At least 10 years of advanced statistical modeling experience

  • At least 2-3 years of management experience with hire, termination, performance review, and promotion responsibilities

Preferred Skills/Experience

Extensive experience in:

  • Data Analysis with large complex data sets and data warehouses

  • Statistical model development and testing

  • Business analysis and requirements documentation

  • Programming in SAS, R, or Stata

  • Resource Planning

  • IT development and testing methodologies

Subject matter expert in:

  • Other Retail and QRE Underwriting

  • Credit score models and credit decision analytics

  • Retail collections policies, procedures, and practices

  • Accounting rules related to charge-off, recovery, OREO, and non-accrual accounting

  • Allowance for Credit Loss accounting rules and regulations

  • Statistical model development methodologies

  • Statistical model implementation

  • Basel III Advanced Internal Ratings Based Capital Rules and related regulatory guidance

Job: Accounting / Finance

Primary Location: United States

Shift: 1st - Daytime

Average Hours Per Week: 40

Requisition ID: 170018219