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 at—all from Day One.

Job Description

This position will report to the Fair and Responsible Banking Analytics Manager and supports the U.S. Bancorp’s Company’s Fair and Responsible Banking Program Policy (“Policy”) by performing discrimination risk analytics testing and monitoring activities covering a wide range of products, services, and focal points applicable to the Company. This position will implement modeling and statistical methodologies to evaluate the Company’s policies, procedures, and models for potential disparate impact risk.

This position will be responsible for the design, development and maintenance of statistical models, statistical analysis, and incorporating business policies, procedures, and systems knowledge to ensure robust and comprehensive analytics. They will also collaborate with the Fair and Responsible Banking stakeholders of various levels within the organization, including Corporate Compliance, Model Risk Management, Audit, Legal, and Business Line personnel, to help ensure effective disparate impact risk management across the Company. 

This position requires an understanding of business objectives and key fair and responsible banking risk drivers across the product lifecycle as well as model development and monitoring concepts and techniques. In addition to SAS and analytical skills, the successful candidate would be expected to communicate results concisely to a broad audience, including senior management.

We are looking for candidates with the proven ability to work and thrive in a rapid-paced, deadline-driven, and collaborative environment; who have solid project management and organizational skills; and who have the drive to continually meet new challenges. The successful candidate is expected to drive effective and efficient analytics results, communicate concisely to differing audiences, and ensure high-quality written reporting and work output.

ESSENTIAL FUNCTIONS

Perform analysis using various statistical methods or techniques. Areas of focus are models using various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models.

Retrieves, analyzes and interprets data from various sources (internal and external). Aggregates and creates data from different databases to facilitate statistical/econometric analysis for development or validation. Performs ad hoc analyses used for statistical/econometric analysis as required.

Evaluates and interprets findings for communication to senior and executive level management in written and verbal form.

Prepares and communicates statistical analysis and findings with audit and regulatory examiners.

Reads, understands, and interprets regulatory rules and guidance related to the models under development and/or being reviewed/validated. In addition, the quantitative resource should have an understanding of the business product or structure to ensure models capture key business elements and risks.

Ability to understand and use various programming languages to identify, investigate and resolve data and programming issues.

Conducts model development, validation, and review activities through creating, testing, and validating multiple statistical model forms with discrete or continuous variables.

Actively ensures compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures. Actively participates in any required corporate and business line training in these areas. Follows account opening procedures and understands and follows internal suspicious activity referral requirements and processes, as required for this position. Actively works with customers to understand each customer's normal account activity, as appropriate for this position.

Basic Qualifications
- Bachelor’s degree in a quantitative field, and three or more years of relevant experience
OR
- MA/MS in a quantitative field, and less than three years of related experience

Preferred Skills/Experience

Statistical modeling and fair lending model development expertise (including both linear and logistic regression techniques, non-regression statistical testing methodologies, and artificial intelligence/machine learning techniques).

Extensive programming expertise (experience with SAS required; SAS certification, SQL, or other programming languages a plus).

Experienced and knowledgeable regarding model best practices (knowledge of Model Risk Management concepts and expectations a plus) as well as model explainability and fairness.

At least 6 years of experience in applicable laws, regulations, fair lending file review protocols, financial services, and using large and complex datasets.

Knowledge of Regulation B, Fair Housing Act, discrimination risk concepts, fair lending examination procedures, and prohibitions against unfair, deceptive, or abusive acts or practices (UDAAP).

Excellent project management and strategic skills. Must be detail oriented with a proven ability to manage a dynamic workload with multiple projects and changing priorities.

Great presentation skills with the ability to communicate and collaborate effectively with a variety end users and management.

Degree in quantitative field (Mathematics, Statistics, Economics, etc.).

Writing experience (e.g., technical writing and business reporting).

Proficient with Microsoft Office packages, specifically Word, Excel, and PowerPoint.

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.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $92,820.00 - $109,200.00 - $120,120.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

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.

Posting may be closed earlier due to high volume of applicants.