CrawlJobs Logo

Quantitative Model Validation Analyst – Credit Risk

usbank.com Logo

U.S. Bank National Association

Location Icon

Location:
United States , Minneapolis ▼

Category Icon
Category:
Finance

Job Type Icon

Contract Type:
Not provided

Salary Icon

Salary:

105400.00 - 124000.00 USD / Year
Save Job
Save Icon
Apply Position

Job Description:

This role will be part of a highly visible and dynamic quantitative risk function within U.S. Bank that leads Stress Testing (CCAR) and Current Expected Credit Losses (CECL) estimations. The primary duty of the job is to create, validate, test, document, implement and/or oversee usage of complex statistical models that are used as part of financial decision-making process.

Job Responsibility:

  • Create, validate, test, document, implement and/or oversee usage of complex statistical models that are used as part of financial decision-making process
  • Deliverable to regulatory and senior management includes the creation of comprehensive written reports, modeling code, business requirements, monitoring reports and related code, and procedures
  • Work on a combination of Stress Testing (CCAR) and Credit Expected Credit Losses (CECL) estimations statistical models
  • Develop, validate risk forecasting models, probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), Net Charge-off (NetCo), and Economic Factor Models
  • Emphasize complex statistical models under CCAR stress testing guidance and CECL ASU rule
  • Requires experience with development process, quarterly continuous monitoring process, inaugural validation process, and capital reconciliation process
  • Requires knowledge of the bank’s reporting data system to complete development/validation data compilation and implementation verification, and experience to manage and track recommendations
  • Responsible for ensuring models are consistent with the bank’s risk management policies, procedures, and practices by directly interacting with model owners, senior managers such as portfolio risk management, corporate finance, external reporting, audit services, and industry experts
  • Responsible for delivering and reviewing comprehensive written model technical documents to present outcomes to senior management of related department across the bank and regulatory agencies

Requirements:

  • Bachelor’s degree in a quantitative field, and five or more years of relevant experience
  • MA/MS in a quantitative field, and three or more years of related experience
  • PhD in a quantitative field, and less than two years of related experience
  • Three plus years of large size commercial bank working experience in risk model validation
  • Advanced experience of financial statistical modeling methods (Hazard models, Regression models, Decision Tree models, Time Series, Machine Learning, etc.)
  • Related experience with Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models for CCAR and CECL
  • Working experience in CCAR and CECL estimation for both retail and wholesale portfolios, including portfolio such as Residential Mortgage, Consumer Credit Cards/Lines, Wholesale C&I, Wholesale CRE, and Small Business
  • Familiar with the bank reporting and data system
  • Have advanced ability to deal with large data and complete model validation and implementation verification process
  • Ability to write and enhance automated testing programs for model performance assessment
  • Advanced degree in quantitative discipline (MS/MA/PHD)
  • Strong statistical programming skills in Python, SAS, R, SQL
  • Strong oral and written communication skills, capable of addressing both technical and non-technical audience
  • Experience interpreting and applying complex financial regulations or accounting standards

Nice to have:

  • An advanced quantitative field degree (MA/MS or PHD) is required
  • The role prefers education background to cover both quantitative skills and business or financial knowledge such as Mathematical plus finance degrees, Statistic plus Economics, Scientific Computation, Operational research engineering plus business administration
  • A programming certification is a plus
What we offer:
  • 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

Additional Information:

Job Posted:
March 10, 2026

Expiration:
March 17, 2026

Employment Type:
Fulltime
Work Type:
On-site work
Icon
U.S. Bank National Association - All Job Offers
Job Link Share:
Copy Link Icon
Facebook Icon Twitter Icon LinkedIn Icon

Looking for more opportunities? Search for other job offers that match your skills and interests.

Briefcase Icon

Similar Jobs for Quantitative Model Validation Analyst – Credit Risk

Senior Validation Analyst - Credit Derivatives

This role sits in the credit derivatives and structured product market valuation...
Location
Location
Poland , Warsaw
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • 5+ years of relevant working experience
  • Solid knowledge of credit derivatives and structured products and analytics
  • Knowledge of term structure models and industry best practices
  • Knowledge and understanding of Rates and XVA would be valuable
  • Excellent quantitative and analytic skills including stochastic calculus, Monte Carlo simulation, and numerical methods
  • Strong communication and documentation skills
  • Ability to work independently as a validator as well as collaboratively as a team player
  • Working experience of Python is strongly preferred
  • Knowledge of C++ is a plus
  • Master's Degree or equivalent in a quantitative field (e.g. Mathematics, Physics, Engineering, Quantitative Finance, Statistics) is required
Job Responsibility
Job Responsibility
  • Validate models and manage model risk related issues in credit derivatives and structured products pricing area
  • Provide effective challenge in regards to mathematical formulation, model assumptions and limitations, calibration, implementation, numerical performance, and business uses
  • Assess and quantify model risk due to model limitations to inform stakeholders of their risk profile and development of compensating controls
  • Develop independent benchmarking tools for validation purposes across the team
  • Write high-quality model validation documents in compliance with model risk management policy and procedures
  • Provide subject matter expertise to stakeholders and guidance to junior team members
  • Represent the firm in interactions with regulatory agencies
  • Contribute to strategic, cross-functional initiatives within MRM as needed
What we offer
What we offer
  • Private Medical Care Program
  • Life Insurance Program
  • Pension Plan contribution (PPE Program)
  • Employee Assistance Program
  • Paid Parental Leave Program (maternity and paternity leave)
  • Sport Card
  • Holidays Allowance
  • Sport and team recreation activities
  • Special offers and discounts for employees
  • Access to an array of learning and development resources
  • Fulltime
Read More
Arrow Right

Credit Portfolio Senior Risk Analyst

The Portfolio Credit Risk Management role oversees portfolio risk management act...
Location
Location
Singapore , Singapore
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • 2-5 years relevant experience
  • Basic understanding of risk management principles
  • Experience utilizing quantitative methods for stress scenarios
  • Strong problem-solving capabilities, attention to detail, and a proactive attitude
  • Ability to remain organized in a fast-paced environment, managing multiple projects
  • Ability to work under pressure, multi-task and prioritize to meet deadlines
  • Highly proficient in MS Office – (Excel, Word, PowerPoint)
  • Proficiency in SAS is preferred
  • Bachelor's/University degree or equivalent experience
Job Responsibility
Job Responsibility
  • Develop and apply quantitative strategies for managing stress scenarios, risk exposures, and loss forecasting
  • Contribute to the quarterly submissions for IFRS9 provisioning process, work with finance stakeholders to ensure timely submission of the provision numbers
  • Contribute to the quarterly/annually submissions for Stress Testing, regulatory and non-regulatory (CCAR/ICAAP/IWST) submission for loss forecasting
  • Manage stress test for the entire credit spectrum across multiple products (retail) and prepare risk management presentations for senior management
  • Analyze model outputs and relate to portfolio and macroeconomic trends
  • Utilize Statistical Analysis System (SAS) to perform risk, financial and data analyses including profiling, sampling, reconciliation, and quality testing
  • Participate in developing, testing, and optimizing statistical risk models, ensuring consistency and regulatory compliance for the purpose of loss forecasting and/or IFRS9 provisioning with Model Developers
  • Perform Model Monitoring, Validations as per Model Risk Management Guideline
  • Manage IFRS9 provisioning for the entire credit spectrum across multiple products and prepare risk management presentations for senior management
  • Appropriately assess provision adequacy safeguarding Citigroup and it's assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency
What we offer
What we offer
  • Extensive on-the-job training and exposure to senior leaders
  • More traditional learning
  • Opportunity to give back and make a positive impact through volunteerism
  • Resources to meet unique needs
  • Empowerment to make healthy decisions and manage financial well-being
  • Global benefits
  • Fulltime
Read More
Arrow Right

Senior Quantitative Analyst

The Market Quantitative Analysis (MQA) team is seeking a Quantitative Analyst to...
Location
Location
Hungary , Budapest
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Strong technical and programming skills in C++ and Python, with experience in developing complex numerical algorithms or large-scale data processing systems
  • Solid understanding of statistical and mathematical modeling techniques, including numerical methods, stochastic calculus, Monte-Carlo techniques and statistical inference
  • Ability to independently problem-solve and drive solutions from conception to implementation
  • Excellent communication skills (written and verbal) with the ability to articulate complex quantitative concepts clearly and concisely to diverse audiences
  • Strong work ethic and a team player with excellent time management skills
  • Master's or PhD degree in a quantitative field (e.g., Mathematics, Physics, Statistics, Financial Engineering, Computer Science)
  • Proven experience 3+ years in quantitative modeling and analytics, specifically within financial derivatives, risk management, or similar domains.
Job Responsibility
Job Responsibility
  • Develop, enhance, and maintain counterparty credit risk models and their underlying analytics library, delivering high-performance, production-quality code
  • Design and implement robust methodologies, advanced algorithms, and sophisticated diagnostic tools to rigorously test and validate model performance
  • Interpret complex model outputs and communicate comprehensive insights to internal stakeholders and external clients
  • Collaborate closely with risk quantitative analysts, technology professionals, and structurers to integrate models and solutions effectively.
What we offer
What we offer
  • Competitive compensation package, including an annual salary review and discretionary performance bonus
  • Comprehensive social benefits, including premium healthcare, an award-winning pension scheme, robust life insurance, generous holiday allowance, and family support programs (e.g., competitive maternity and paternity scheme)
  • Flexible hybrid work model, blending modern office collaboration with the convenience of remote work
  • A dynamic, supportive, and inclusive work environment fostering collaboration, diversity, and professional growth, complemented by active affinity groups and social networks
  • Structured onboarding and continuous learning opportunities through extensive internal training programs, including access to platforms like Degreed
  • Significant influence on team processes and methodologies, with active encouragement for innovation and improvement ideas
  • Extensive career development and growth opportunities across Citi's global network
  • Direct exposure and collaboration with a wide range of senior stakeholders across different functions.
  • Fulltime
Read More
Arrow Right

Quantitative Lead Analyst

The Model/Anlys/Valid Officer is a strategic professional who stays abreast of d...
Location
Location
India , Mumbai
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • 6-10 years experience
  • proficient in Microsoft Office with an emphasis on MS Excel
  • consistently demonstrates clear and concise written and verbal communication skills
  • self-motivated and detail oriented
  • demonstrated project management and organizational skills and capability to handle multiple projects at one time
  • practical experience using SAS or similar statistical coding software to build and test prediction models
  • comfortable interfacing with business clients
  • proficiency handling very large data sets
  • experience in a quantitative role in risk management at a financial institution with experience in either model development or validation
  • good knowledge and understanding of a variety of model development and validation testing techniques covering risk models
Job Responsibility
Job Responsibility
  • Develops, enhances, and validates the methods of measuring and analyzing risk, for all risk types including market, credit and operational
  • manages model risk across the model lifecycle including model validation, ongoing performance evaluation and annual model reviews
  • produces analytics and reporting used to manage risk for Citi's operations
  • translates operational requests from the business into programming and data criteria and conducts systems and operational research in order to model expected results
  • assists in the development of analytic engines for business product lines
  • communicates results to diverse audiences
  • conducts analysis and packages it into detailed technical documentation report for validation purposes sufficient to meet regulatory guidelines and exceed industry standards
  • participates on teams to solve business problems
  • identifies modeling opportunities that yield measurable business results
  • provides guidance to junior validators as and when necessary
  • Fulltime
Read More
Arrow Right

Non-Traded Models IVU-VP

Embark on a transformative journey as a Non-Traded Models IVU-VP at Barclays, wh...
Location
Location
India , Noida; Mumbai
Salary
Salary:
Not provided
barclays.co.uk Logo
Barclays
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Validate credit risk related regulatory (IRB, IFRS9, CCAR and Stress Testing) models for wholesale portfolios by following Bank’s policies and standards
  • Perform technical analysis and/or build alternative benchmarks to new and existing models, in line with the requirements set out in the bank’s standards and policies
  • Work as an Individual Contributor and also Mentor a team of 2-3 analysts
  • Review regulatory requirements to ensure compliance with different regulatory guidelines e.g. SR 11-7, PRA, FRB, SS-1/23
  • Support the development and review conformance with appropriate policies including Group Model Risk policy
  • Solid understanding of the quantitative techniques used in developing and validating models including credit risk related regulatory (IRB, IFRS9, CCAR, Stress-testing, PD, EAD, LGD) models for wholesale portfolios
  • Hands-on experience in the use of statistical packages such as Python, SAS, R
  • Expert user of Microsoft Excel and other Microsoft Office tools
  • An ability to identify and analyse appropriate external data sources including macro-economic variables for model development or validation along with excellent communication and stakeholder management skills
Job Responsibility
Job Responsibility
  • Validation of models for their intended use and scope, commensurate with the complexity and materiality of the models
  • Approval or rejection of a model or usage based on assessment of the model’s conceptual soundness, performance under intended use and the clarity of the documentation of the model’s inherent risks, limitations and weaknesses
  • Assessment of any compensating controls used to mitigate Model risk
  • Documentation of validation findings and recommendations in clear and concise reports, providing actionable insights for model improvement
  • Evaluation of the coherence of model interactions and quality of Large Model Framework aggregate results that generate output for regulatory submissions or management decision making and planning
  • Design of the framework and methodology to measure and, where possible, quantify model risk, including the assessment of framework level uncertainty
What we offer
What we offer
  • modern workspaces
  • collaborative areas
  • state-of-the-art meeting rooms
  • wellness rooms
  • on-site cafeterias
  • fitness centers
  • tech-equipped workstations
  • flexible working arrangements
  • hybrid working
  • Fulltime
Read More
Arrow Right

Market Risk Senior Analyst

This position provides an opportunity for an experienced risk analyst with solid...
Location
Location
Poland , Warsaw
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • 5+ years of experience
  • experience in one or more of the following fields: quantitative risk modelling, market risk management practices, risk regulations, numerical computation, statistics or data analysis, financial model development, application or validation
  • strong hands-on IT skills, for example, with Python, SQL, Unix
  • sound knowledge of statistical modelling concepts and industry best practices
  • experience with econometric and statistical modelling or application risk scoring
  • excellent quantitative and analytic skills
  • ability to derive patterns, trends and insights
  • experience working in big data environments
  • intellectual curiosity to stay abreast of technological advances
  • demonstrated initiative and proactive approach
Job Responsibility
Job Responsibility
  • construct covariance matrices for historical periods of stress for various portfolios
  • identify and address specific needs of Citi legal entities within EMEA region to meet local regulatory expectation in market risk modelling
  • work with existing market risk models and provide solutions where weaknesses are identified in testing or where new business needs require model enhancements
  • develop RNIV models to quantify non-standard market risks of complex products
  • research, support, enhance and maintain market risk models
  • design and develop in-house software for quantitative analysis
  • interact confidently with other risk management teams, the front office, technology and control groups
  • model and explain the behavior of a complex portfolio of vanilla and exotic derivatives with greeks and risk factor simulations
  • understand differences between regulatory regimes around the globe
  • perform advanced analytics with hundreds of thousands of risk factor time series
What we offer
What we offer
  • private medical care program
  • life insurance program
  • pension plan contribution (PPE program)
  • employee assistance program
  • paid parental leave program (maternity and paternity leave)
  • sport card
  • holidays allowance
  • sport and team recreation activities
  • special offers and discounts for employees
  • access to an array of learning and development resources
  • Fulltime
Read More
Arrow Right

Regulatory Model Monitoring Analyst

This position within US Personal Banking and Wealth Management will focus on reg...
Location
Location
India , Bengaluru
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Advanced Degree (Masters required, PhD preferred) in Statistics, Applied Mathematics, Operations Research, Economics, MBA (Finance), or other highly quantitative discipline
  • 2+ years’ experience in performing quantitative analysis, statistical modeling, loss forecasting, loan loss reserve modeling, and particularly econometric modeling of consumer credit risk stress losses
  • Experience with dynamics of unsecured products a strong plus
  • Active role in performing some analytical components of an econometric modeling-driven stress loss process (data collection, data integrity QA/QC/reconcilements, pre-processing, segmentation, variable transformation, variable selection, econometric model estimation, sensitivity testing, back testing, out-of-time testing, model documentation, and model production implementation)
  • Exposure to various stress loss modeling approaches at the segment or account level preferred
  • Able to communicate technical information verbally and in writing to both technical and non-technical audiences
  • Proficiency in SAS/SQL/Oracle/Unix/Microsoft Word, Excel and PowerPoint
  • Work as an individual contributor
Job Responsibility
Job Responsibility
  • Analyze quarterly model performance results and other required model performance analysis for production models
  • When forecast or performance shifts are observed, perform diagnostic analytics around drivers including standard reporting as well as drill down analytics
  • Explain model results and review drivers of observed gaps or deterioration in model performance with regional/country risk managers and internal model development teams
  • Perform formal quarterly and annual model review according to MRM’s guidance and standards
  • Respond to MRM’s questions as needed
  • Obtain and conduct QA/QC on all data required for CCAR/CECL model development
  • Deliver comprehensive model documentation
  • Work closely with cross functional teams, including country/region’s business stakeholders, model validation, governance teams, model development and implementation teams
  • Fulltime
Read More
Arrow Right

Senior Credit Portfolio Risk Manager

Senior management-level position leading credit risk function for unsecured lend...
Location
Location
Singapore , Singapore
Salary
Salary:
Not provided
https://www.citi.com/ Logo
Citi
Expiration Date
Until further notice
Flip Icon
Requirements
Requirements
  • Bachelor's degree in a quantitative field such as Finance, Economics, Statistics, Mathematics, Engineering, or Computer Science
  • Master's degree or MBA preferred
  • Minimum of 8-10 years of experience in credit risk management within the financial services industry
  • Significant focus on unsecured lending
  • Proven experience in a leadership or team management role
  • Extensive experience in developing, testing, optimizing, and implementing credit strategies
  • Advanced proficiency in statistical modeling, predictive analytics, machine learning techniques, and quantitative methods for credit risk
  • Strong understanding of data warehousing, SQL, and experience with large datasets
  • Deep understanding of credit lifecycle management (origination, account management, collections), PD/LGD/EAD modeling, stress testing, and regulatory requirements
  • Expertise in analytical tools such as SAS, R, Python, SQL, and data visualization tools
Job Responsibility
Job Responsibility
  • Develop, implement, and continually refine credit risk strategies for unsecured lending products
  • Utilize advanced risk analytics and loss forecasting techniques to identify emerging trends and assess portfolio performance
  • Monitor key financial drivers and portfolio metrics to inform decision-making
  • Collaborate with product, marketing, finance, and operations teams to align risk strategies with business objectives
  • Lead the development, validation, and implementation of predictive credit risk models, scorecards, and decision engines
  • Oversee data management practices for credit risk
  • Lead, mentor, and develop a team of risk analysts and specialists
  • Build and maintain strong relationships with internal stakeholders across various departments
  • Lead the end-to-end process of developing new credit strategies
  • Design and execute champion/challenger tests and other experimental designs
What we offer
What we offer
  • Extensive on-the-job training and exposure to senior leaders
  • Traditional learning opportunities
  • Chance to give back and make a positive impact through volunteerism
  • Resources to meet unique needs
  • Empowerment to make healthy decisions
  • Support for managing financial well-being and planning for future
  • Fulltime
Read More
Arrow Right
Jobs by Category
Art and Entertainment Jobs Banking Jobs Call Center Jobs Construction Jobs Consulting Jobs Customer Service Jobs Education Jobs Energy Jobs Finance Jobs Gastronomy Jobs Health and Beauty Jobs Hospitality and Tourism Jobs Human Resources Jobs Insurance Jobs IT - Administration Jobs IT - Software Development Jobs Legal Jobs Logistics Jobs Manufacturing Jobs Marketing, Digital Marketing, SEO, SEM Jobs Media Jobs Nursing Jobs Office Administration Jobs Pharmacy Jobs Physical Work Jobs Public Relations Jobs Public Sector Jobs Purchasing Jobs Quality Control Jobs Real Estate Jobs Research and Development Jobs Sales Jobs
Job Positions Jobs by Country
United States Jobs United Kingdom Jobs India Jobs Canada Jobs Australia Jobs Germany Jobs Ireland Jobs Poland Jobs
Company
Blog About Us Contact
Follow Us
Facebook
X (Twitter)
LinkedIn
Instagram
CrawlJobs Group
ITFlashcards AllDevBlogs
© 2026 CrawlJobs Ltd. All Rights Reserved
Terms & Conditions Privacy Policy