Quantitative Senior Audit Project Manager

Job Description

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.

Quantitative Senior Audit Project Manager (QSAPM) Position

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

The duties include :

• 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

The qualifications include :

Preferred Skills / Experience

The preferred skills / experience include :

_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 include :

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.