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Junior Economic Quant - Treasury

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U.S. Bank

13d ago

  • Job
    Full-time
    Mid Level
  • Research & Development
    Banking & Finance
  • New York

AI generated summary

  • You need a quantitative degree (BA/MA) with relevant experience, proficiency in Python/R, familiarity with economic datasets, basic understanding of interest rate modeling, and strong analytical skills.
  • You will develop macroeconomic models, conduct analyses on economic impacts, collaborate on forecasts, improve accuracy with quantitative techniques, and document and communicate findings.

Requirements

  • 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
  • Degree in Economics, Finance, Statistics, Mathematics, or a related quantitative field
  • Proficiency in quantitative methods using Python, R, or EViews
  • Experience working with large economic datasets (e.g., FRED, BEA, BLS, or Moody’s DataBuffet)
  • Experience working as a buy-side/sell-side economist
  • Basic familiarity with interest rate modeling and yield curve analysis
  • Basic knowledge of various regression techniques, parametric and non-parametric algorithms, time series techniques, and other statistical models
  • Basic data compilation, programming skills and qualitative analysis skills
  • Basic knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
  • Basic knowledge of applicable regulatory rules, guidance, or supervisory letters
  • 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

Responsibilities

  • Develop, enhance, and maintain large-scale macroeconomic models to support forecasting and scenario analysis.
  • Conduct ad hoc analysis to assess the impact of economic shocks, policy changes, and market conditions.
  • Collaborate with other Treasury stakeholders to form a view on the economic outlook under various alternative scenarios.
  • Utilize time-series econometrics, machine learning, and other quantitative techniques to improve forecast accuracy.
  • Work closely with various stakeholders within Treasury to translate economic insights into actionable investment strategies.
  • Ensure models align with regulatory expectations and internal governance requirements.
  • Prepare technical documentation and communicate model results to both technical and non-technical audiences.
  • Stay up to date with emerging trends in the U.S economy and policy decisions, as well as in macroeconomic modeling and forecasting methodologies.
  • Create and maintain model development and/or validation documentation such as: presentations, written reports, model or reporting code documentation, business requirements, monitoring reports and related code, and procedures.

FAQs

Do we support remote work?

Yes, we support a hybrid work schedule, allowing for flexibility to work outside the office for part of the week.

What educational background is required for this position?

A Bachelor's degree in a quantitative field is required, along with three or more years of relevant experience, or a MA/MS in a quantitative field with less than three years of related experience.

What skills are preferred for this role?

Preferred skills include proficiency in quantitative methods using Python, R, or EViews, experience with large economic datasets, and familiarity with interest rate modeling and yield curve analysis.

Is prior experience in the financial sector required?

While not specifically required, experience working as a buy-side or sell-side economist is preferred.

What are the main responsibilities of a Junior Economic Quant?

Key responsibilities include developing and maintaining macroeconomic models, conducting ad hoc economic analysis, collaborating with Treasury stakeholders, and preparing documentation for model results.

Do we offer healthcare benefits?

Yes, we offer a comprehensive healthcare package that includes medical, dental, and vision coverage.

How many paid vacation days do employees receive?

Employees receive paid vacation ranging from two to five weeks depending on salary grade and tenure.

What type of skills are emphasized for this position?

Strong analytical, organizational, problem-solving, and project management skills are emphasized, along with effective interpersonal and communication abilities.

Are there opportunities for professional development in this role?

Yes, U.S. Bank encourages employees to try new things, learn new skills, and discover their strengths throughout their career.

Is this position eligible for benefits related to maternity or parental leave?

Yes, we offer pregnancy disability and parental leave as part of our benefits package.

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U.S. Bank

Finance
Industry
10,001+
Employees
1863
Founded Year

Mission & Purpose

U.S. Bancorp, with nearly 70,000 employees and $554 billion in assets as of December 31, 2020, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with digital tools that allow customers to bank when, where and how they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial, corporate, and investment customers across the country and around the world as a trusted and responsible financial partner. This commitment continues to earn a spot on the Ethisphere Institute’s World’s Most Ethical Companies list and puts U.S. Bank in the top 5% of global companies assessed on the CDP A List for climate change action.

Benefits

  • You choose how to save and invest through before-tax and/or Roth after-tax contributions and a variety of investment options. You’re immediately vested and receive a 100% company match up to 4% of eligible pay after a year of service.

  • Premier support – Experience an elevated level of personalized and unified support when you have questions or concerns or when you need expert support related to your UnitedHealthcare/Optum medical, prescription, mental and behavioral health, and Health Savings Account benefits. Y

  • An HSA provides a tax-advantaged means for you to save and pay for qualified healthcare expenses, including doctor and dentist visits, prescriptions, glasses, contact lenses and more. Enroll in a U.S. Bank HSA Advantage medical plan to contribute and to receive up to $750 (if you cover yourself) or up to $1,500 (if you cover one or more family members) annually from U.S. Bank.