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Senior Quantitative Developer

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U.S. Bank National Association

10d ago

  • Job
    Full-time
    Senior Level
  • Data
    Banking & Finance
  • Dublin

AI generated summary

  • You need 8+ years in financial risk, a degree in a related field, data analysis skills, proficiency in SAS/SQL/Python/R, and strong analytical and communication skills. Payments industry knowledge is a plus.
  • You will develop predictive credit risk models, enhance and monitor performance, stress test portfolios, collaborate with finance, and liaise with audit teams on governance and methodologies.

Requirements

  • 8+ years’ experience working in a related role (financial risk, risk modelling, impairment modelling, etc.)
  • A bachelor's degree in Mathematics/Statistics/Economics/Computer Science/Engineering etc.
  • Relevant experience performing data analysis and data modelling.
  • Proficient in SAS/SQL/Python/R programming (any mix of these with and willing to learn Python).
  • A determined problem solver with a strong analytical skillset and good report writing capabilities.
  • An advanced level of presentation and relationship building skills.
  • Experience in the payments industry is a distinct advantage.
  • Familiarity with IFRS 9, EBA’s Capital Requirements Regulation and banking regulation in general would be a benefit.
  • Proven self-starter and team player with strong communication skills.

Responsibilities

  • Engaging in top-down management of credit risks and working closely with lines of business to obtain portfolio insights.
  • Developing predictive models using quantitative techniques to forecast the credit risk on the portfolio.
  • Own the developer title of the Pillar ii capital Credit Risk model.
  • Support and challenge the expected credit loss (IFRS9) provision methodology.
  • Support and challenge the Contingent Liability measurement methodology under IAS 37.
  • Performing model enhancements and monitoring of model performance together with relevant documentation.
  • Liaising with internal model management teams regarding model governance requirements.
  • Aligning applied methodologies with regulatory requirements as necessary.
  • Periodically stress testing the credit portfolio and providing outputs to EFS’ Stress Testing programme.
  • Providing specialist advice and oversight to business line initiatives related to quantitative and process optimization tasks.
  • Collaboration with Finance teams and other lines of business as required to align quantitative design with business model.
  • Liaising with audit teams on credit modelling.

FAQs

What is the role of a Senior Quantitative Developer at U.S. Bank?

The Senior Quantitative Developer will support the management of credit risk through quantitative techniques, developing, maintaining, and monitoring credit risk models related to credit exposure estimation, provisions, loss forecasting, and capital estimates.

What qualifications are required for this position?

A bachelor's degree in Mathematics, Statistics, Economics, Computer Science, Engineering, or a related field is required, along with 8+ years of experience in financial risk, risk modeling, or impairment modeling.

What programming skills are necessary for this role?

Proficiency in SAS, SQL, Python, or R programming is necessary, with a willingness to learn Python if not already proficient in it.

Is experience in the payments industry advantageous for this position?

Yes, experience in the payments industry is considered a distinct advantage for candidates applying for this role.

What key responsibilities does the Senior Quantitative Developer hold?

Key responsibilities include developing predictive models, performing model enhancements, stress testing the credit portfolio, liaising with audit teams, and providing insights on credit risks.

Does the role involve collaboration with other teams?

Yes, the Senior Quantitative Developer will collaborate with Finance teams and other lines of business to align quantitative design with the business model.

Are there any specific regulations or standards the developer should be familiar with?

Familiarity with IFRS 9, EBA’s Capital Requirements Regulation, and general banking regulations would be beneficial for this role.

What skills are emphasized for this position?

Strong analytical skills, problem-solving ability, advanced presentation skills, relationship building, and effective communication are emphasized for this position.

What is the job’s reporting structure?

The Senior Quantitative Developer will report to the Senior Quantitative Development Manager.

What type of work environment does U.S. Bank offer?

U.S. Bank offers an exciting, fast-paced, and diverse working environment with opportunities for career growth and professional development.

U.S. Bank National Association

Finance
Industry
1-10
Employees
1863
Founded Year

Mission & Purpose

U.S. Bank, a leading financial institution in the United States, provides a comprehensive range of banking and financial services to individual, business, government, and institutional clients. Their ultimate mission is to empower customers by offering innovative financial solutions that help them achieve their goals. The bank's purpose centers on building strong relationships, fostering economic growth in communities, and delivering trusted expertise to navigate financial challenges effectively, ensuring long-term prosperity for their stakeholders.

Benefits

  • Life outside of work

    Work is just one part of your life. Relax and recharge with time-off programs and other resources to help you find your ideal work-life balance.

  • Retirement and financial security

    Your financial wellness is important throughout your career and into retirement. We invest in your future with retirement savings, pension plans and tools to help you prepare for whatever is next.

  • Health and well-being

    Feeling well helps you do your best at home, at work and everywhere in between. We provide a variety of benefits and programs to help you take care of your health.

  • Career growth and development

    Be a lifelong learner and reach your career goals with development resources that boost your success.