Quantitative Senior Audit Project Manager

Quantitative Senior Audit Project Manager

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel atall from Day One.

The Quantitative Senior Audit Project Manager (QSAPM) position within Corporate Audit Services is primarily responsible for performing model risk related audit engagements with minimal supervision from managers. The QSAPM is expected to perform audit testing of model development, validation, and quality assurance, collaborate with stakeholders, and complete engagements in conformance with internal audit policies and procedures. The QSAPM should have advanced understanding of model risk management concepts, as described in OCC Bulletin 2011-12 / FRB SR 11-7, such as model development, implementation, monitoring, use, validation, governance, policies, inventories and controls.

Duties

Reviews and analyzes the development, implementation, use, monitoring, and validation of complex statistical and AI / ML models covering balance sheets, treasury, interest rates, pricing / valuation, derivatives, PPNR, credit, AML, fraud and other areas, and making appropriate conclusions, and recommending necessary action plan where needed. Specific focus on documenting the testing of advanced statistical and AI / ML models and communicating the results of such testing to stakeholders within the Bank. Provides quantitative expertise to assist in completion of the audit plan, including collaborating with other audit teams regarding advanced statistical and AI / ML models. Interacts regularly with business line and model risk management leaders, and internal and external subject matter experts. Assists in adjusting the audit plan where appropriate based on those interactions.

Basic Qualifications

Bachelor's degree in a quantitative field, and 10 or more years of relevant experience OR MA / MS in a quantitative field, and six or more years of related experience OR PhD in a quantitative field, and five or more years of related experience.

Preferred Skills / Experience

Advanced knowledge of various regression techniques, parametric and non-parametric algorithms, time series techniques, and AI / ML models - including supervised and unsupervised learning approaches - along with expertise in model validation methodologies and performance testing, using SAS, Python, or similar statistical and AI / ML packages. Ability to effectively challenge model development / validation of various statistical and / or AI / ML models covering balance sheets, treasury, interest rates, pricing / valuation, derivatives, PPNR, credit, AML, fraud, scorecard and other areas, Knowledge of quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches. Ability to manage multiple tasks across various timelines. Strong analytical, organizational, problem-solving, negotiation, and project management skills. Effective interpersonal, verbal and written communication skills. Ability to build and continuously improve working relationships with internal audit peers, business line leaders, and partners (risk and compliance). Demonstrated independence, teamwork and leadership skills.

Note : This role offers a hybrid / flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits : Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours) : 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

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.