U.S. Bank
Model Validation Director - Treasury & Markets Risk
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Model Validation Director - Treasury & Markets Risk
role at
U.S. Bank
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 U.S. Bank is seeking an experienced Model Validation Director for our Treasury & Markets risk areas and will reside within the Bank’s Risk Management and Compliance organization. The Executive Leader in this role will support the Model Risk Management program at the bank. The overall structure is designed to promote effective governance and risk management with the goal to assess and manage risks that may impact the company, including credit, financial, liquidity, market, operational, reputational, strategic, and other risks as appropriate.
ESSENTIAL FUNCTIONS
Leads a highly skilled analytic team to independently review and validate a wide range of models including treasury, liquidity, PPNR, mortgage servicing rights, counterparty credit risk and market risk models.
Assesses model risk through pre‑implementation validations, periodic validations and monitoring activities that independently challenge conceptual design/methodology, reference data, processes, and performance.
Identifies corrective actions that promote model risk management process improvements and ensure timely remediation of the identified issues.
Leads the team in identifying and implementing a process to conduct a diverse set of sophisticated analyses of models and for effectively managing tasks/resources to shepherd each project to its completion in a timely fashion. Validation produces reports challenging model assumptions, limitations, processes, and documentation.
Develops and leads a team to establish and continuously enhance model validation processes involving execution of thorough testing and critical review of conceptual and performance aspects of the models through creation of alternative benchmark approaches, back testing, stress and sensitivity testing.
Responsible for review of independently authored reports detailing results of analyses to ensure results are presented in a manner accessible to various levels of management and quantitative backgrounds.
Interface with key stakeholders throughout validation process, regulators and internal audit to discuss justification and reasoning behind validation and review findings.
PREFERRED SKILLS / QUALIFICATIONS
Master or Doctoral degree and 10+ years of relevant experience
6+ years of experience leading a quantitative modeling team
Advanced degree in quantitative discipline such as Mathematics, Statistics, Finance, Economics or related field
Strong background in at least one statistical programming language such as SAS, Python or R. Familiarity with VBA, SQL, or Matlab is a plus
Strong critical thinking skills and a detail‑oriented nature to challenge models developed internally and by vendor
Strong background and practical experience working with econometric concepts such as time‑series models and generalized linear regression approaches
Demonstrated ability to draw insights from large complex datasets
Strong background and practical experience developing and/or validating market risk, counterparty credit risk, and derivatives pricing models
Excellent verbal and written communication skills are necessary (ability to explain complex ideas in simple, non‑technical language)
Ability to build strong relations with peers, business line managers, and colleagues across the bank
Highly motivated with ability to learn and understand various business lines and their function within the organization
Strong leadership and organizational skills, ability to manage multiple teams and work on multiple assignments concurrently
Experience with regulatory guidance (OCC 2011‑12, Basel, ICAAP, FRTB, AMA, CCAR, FRTB and Market Risk Rule)
Familiarity with vendor platforms such as QRM, Polypaths, Yield Book, Risk Metrics, and Bloomberg
Demonstrated experience with mortgage finance, such as mortgage servicing rights and the mortgage warehouse
Experience working on teams that participate in bank stress testing exercises
Strong leadership qualities, in‑depth knowledge of and experience with treasury, liquidity, PPNR, counterparty credit risk and market risk models
Strong understanding of various statistical, economic, and financial theories (e.g., econometric methods, statistical approaches, data sampling, numerical analysis, and options pricing techniques)
Strong understanding of regulatory rules and risk management procedures with the ability to effectively convey complex concepts (written and verbal) to a broad audience is critical
Demonstrated experience leading advanced quantitative teams with multiple layers and managing talent
Strong project management skills
Strong experience and quantitative skills
Experience presenting analytic concepts and results to senior management is highly desired.
LEADERSHIP CAPABILITIES
Builds Teams and Talent: Embraces developing talent; builds and develops teams; strengthens organizational capabilities via talent
Drives for Results: Drives execution, continuously improves the core, and reallocates resources at pace
Disrupts & Challenges: Creates possibilities from new and innovative thinking; generates disruptive change; leads change
Leads Innovation: Encourages innovative thought; challenges the status quo; scales and invests in new ideas
Drives Vision and Purpose: Paints a compelling picture of the vision and strategy that motivates others to action
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
Pay Range: $214,795.00 - $252,700.00
Equal Employment Opportunity 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.
Posting may be closed earlier due to high volume of applicants.
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Model Validation Director - Treasury & Markets Risk
role at
U.S. Bank
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 U.S. Bank is seeking an experienced Model Validation Director for our Treasury & Markets risk areas and will reside within the Bank’s Risk Management and Compliance organization. The Executive Leader in this role will support the Model Risk Management program at the bank. The overall structure is designed to promote effective governance and risk management with the goal to assess and manage risks that may impact the company, including credit, financial, liquidity, market, operational, reputational, strategic, and other risks as appropriate.
ESSENTIAL FUNCTIONS
Leads a highly skilled analytic team to independently review and validate a wide range of models including treasury, liquidity, PPNR, mortgage servicing rights, counterparty credit risk and market risk models.
Assesses model risk through pre‑implementation validations, periodic validations and monitoring activities that independently challenge conceptual design/methodology, reference data, processes, and performance.
Identifies corrective actions that promote model risk management process improvements and ensure timely remediation of the identified issues.
Leads the team in identifying and implementing a process to conduct a diverse set of sophisticated analyses of models and for effectively managing tasks/resources to shepherd each project to its completion in a timely fashion. Validation produces reports challenging model assumptions, limitations, processes, and documentation.
Develops and leads a team to establish and continuously enhance model validation processes involving execution of thorough testing and critical review of conceptual and performance aspects of the models through creation of alternative benchmark approaches, back testing, stress and sensitivity testing.
Responsible for review of independently authored reports detailing results of analyses to ensure results are presented in a manner accessible to various levels of management and quantitative backgrounds.
Interface with key stakeholders throughout validation process, regulators and internal audit to discuss justification and reasoning behind validation and review findings.
PREFERRED SKILLS / QUALIFICATIONS
Master or Doctoral degree and 10+ years of relevant experience
6+ years of experience leading a quantitative modeling team
Advanced degree in quantitative discipline such as Mathematics, Statistics, Finance, Economics or related field
Strong background in at least one statistical programming language such as SAS, Python or R. Familiarity with VBA, SQL, or Matlab is a plus
Strong critical thinking skills and a detail‑oriented nature to challenge models developed internally and by vendor
Strong background and practical experience working with econometric concepts such as time‑series models and generalized linear regression approaches
Demonstrated ability to draw insights from large complex datasets
Strong background and practical experience developing and/or validating market risk, counterparty credit risk, and derivatives pricing models
Excellent verbal and written communication skills are necessary (ability to explain complex ideas in simple, non‑technical language)
Ability to build strong relations with peers, business line managers, and colleagues across the bank
Highly motivated with ability to learn and understand various business lines and their function within the organization
Strong leadership and organizational skills, ability to manage multiple teams and work on multiple assignments concurrently
Experience with regulatory guidance (OCC 2011‑12, Basel, ICAAP, FRTB, AMA, CCAR, FRTB and Market Risk Rule)
Familiarity with vendor platforms such as QRM, Polypaths, Yield Book, Risk Metrics, and Bloomberg
Demonstrated experience with mortgage finance, such as mortgage servicing rights and the mortgage warehouse
Experience working on teams that participate in bank stress testing exercises
Strong leadership qualities, in‑depth knowledge of and experience with treasury, liquidity, PPNR, counterparty credit risk and market risk models
Strong understanding of various statistical, economic, and financial theories (e.g., econometric methods, statistical approaches, data sampling, numerical analysis, and options pricing techniques)
Strong understanding of regulatory rules and risk management procedures with the ability to effectively convey complex concepts (written and verbal) to a broad audience is critical
Demonstrated experience leading advanced quantitative teams with multiple layers and managing talent
Strong project management skills
Strong experience and quantitative skills
Experience presenting analytic concepts and results to senior management is highly desired.
LEADERSHIP CAPABILITIES
Builds Teams and Talent: Embraces developing talent; builds and develops teams; strengthens organizational capabilities via talent
Drives for Results: Drives execution, continuously improves the core, and reallocates resources at pace
Disrupts & Challenges: Creates possibilities from new and innovative thinking; generates disruptive change; leads change
Leads Innovation: Encourages innovative thought; challenges the status quo; scales and invests in new ideas
Drives Vision and Purpose: Paints a compelling picture of the vision and strategy that motivates others to action
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
Pay Range: $214,795.00 - $252,700.00
Equal Employment Opportunity 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.
Posting may be closed earlier due to high volume of applicants.
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