Retail Credit Risk Modeling Leader (Credit Risk Administration)

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

The Credit Risk Administration (CRA) team at U.S. Bank is seeking a senior quantitative leader to oversee retail credit risk modeling within the Model Development and Decision Science (MDDS) group.

About the CRA Team

We are a highly dynamic and talented team which delivers on our mission through four pillars: Customer, Process, Talent, and Data.

- Vision | We create the future of credit risk management through data, analytics, and risk process innovation for our customers.

- Mission | We deliver data-driven information solutions to protect our stakeholders and inform the most significant financial decisions in the bank.

- Values | In addition to U.S. Bank core values, we prioritize collaboration, integrity, simplicity, and continuous learning.

About the Role

In this role, you will lead the Residential Real Estate and Other Retail credit risk modeling teams, including managers responsible for teams that build and maintain complex, high-profile models supporting capital stress testing, including CCAR, and allowance for credit losses, including CECL. Working with senior and executive leaders, you will shape retail credit modeling strategy and represent the domain in regulatory, audit, and validation reviews.

Key Responsibilities

- Lead a portfolio of complex, high-profile retail credit model development projects.

- Set quantitative direction, model structures, and methodology standards across retail credit risk, in coordination with other MDDS leaders.

- Oversee model development, testing, documentation, implementation, monitoring, and use to ensure consistent, high-quality practices.

- Lead and develop managers responsible for retail credit risk modeling teams, strengthening talent, succession readiness, and execution across the organization.

- Advance scalable processes, analytical capabilities, and supporting data and technology.

- Lead the modeling response to regulatory exams, audits, and model validations, and engage directly with regulators and senior stakeholders.

- Partner with and build strategic relationships with business, risk, validation, and audit leaders to align on high-impact issues.

- Communicate model approaches, results, limitations, and implications to senior and executive audiences to inform material business and risk decisions.

Basic Qualifications

- Bachelor’s degree (MA/MS/PhD in a quantitative field strongly preferred) and nine or more years of relevant experience

- Five or more years of experience leading credit risk model development or closely related experience

Preferred Skills/Experience

- Quantitative leadership: Technical vision and credibility to shape modeling direction and standards across multiple teams and portfolios, with sound independent judgment in complex, ambiguous, and high-impact situations.

- People and change leadership: Demonstrated ability to develop managers and talent, build high-performing teams, establish succession readiness, and guide organizations through change.

- Communication and influence: Ability to explain complex quantitative concepts, approaches, results, limitations, and business implications clearly to senior, executive, and nontechnical audiences, while building trust and alignment with business, risk, validation, and audit partners.

- Statistical modeling and validation: Extensive knowledge of regression techniques, parametric and non-parametric algorithms, time-series, survival, segmentation, and other statistical methods, as well as model validation tests and methodologies. Experience with machine learning and explainability techniques is an added capability.

- Programming and data platforms: Experience using Python, SQL, SAS, or comparable analytical tools and modern data platforms to oversee, evaluate, and credibly challenge complex modeling work. Knowledge of sound engineering practices, including version control, testing, and reproducible pipelines, is preferred.

- Retail credit product and risk knowledge: Deep understanding of mortgage, home equity, credit cards, and other consumer lending products; borrower, collateral, and macroeconomic risk drivers; and quantitative and qualitative credit risk factors, portfolio risk, industry and competitive risks, and related risk-management approaches.

- Regulatory and model governance: Thorough knowledge of CECL, CCAR/DFAST, related supervisory guidance, model risk management, and emerging AI/ML governance expectations.

- Modernization and transformation: Experience leading platform migrations, automation, or large-scale modeling transformation programs.

Location Expectation

This role requires working from a posted U.S. Bank location three (3) or more days per week. Primary hiring locations are Minneapolis and Charlotte.

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:

- 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

Review our full benefits available by employment status here .

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: $170,255.00 - $200,300.00

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.