CHARLOTTE, NCPosted 20 days ago

Job summary

• Job post source

  This job is directly from U.S. Bank

• Job overview

  The Quantitative Modeler Manager at U.S. Bank leads a team responsible for creating and overseeing derivatives standardized and regulatory capital models, impacting risk management and regulatory compliance.

• Responsibilities and impact

  The role involves managing a team to develop, validate, test, document, and implement derivatives models like SIMM, SACCR, and XVA, ensuring clear communication with senior management and regulators.

• Compensation and benefits

  The salary range is $133,365 to $172,590 with a comprehensive benefits package including healthcare, life insurance, disability, parental leave, 401(k), paid vacation, holidays, and adoption assistance.

• Experience and skills

  Requires a quantitative degree with 5-10+ years of experience in financial engineering, derivatives, option pricing, and regulatory capital models; management experience and coding skills in Python or Visual Studio are preferred.

• Career development

  Opportunities include learning new skills, career growth at various stages, and exposure to senior management and regulatory interactions.

• Work environment and culture

  U.S. Bank promotes a hybrid work schedule with a supportive environment focused on diversity, inclusion, and accommodating disabilities.

• Company information

  U.S. Bank is a major financial institution focused on helping customers and communities with financial decisions and growth, offering a wide range of career opportunities.

• Team overview

  The candidate will lead a specialized team focused on derivatives modeling and regulatory compliance, emphasizing technical expertise and leadership.

• Job location and travel

  The position offers a hybrid schedule with at least three days in-office and flexibility for remote work on other days.

• Application process

  Applicants must comply with background checks, submit required documentation, and may face early closing due to high volume; accommodations are available for disabilities.

• Unique job features

  The role is distinguished by its focus on derivatives regulatory models, interaction with senior management and regulators, and use of advanced analytical platforms like Numerix and Calypso.

Company overview

U.S. Bank, the fifth-largest commercial bank in the United States, provides a wide range of financial services including consumer banking, corporate banking, payment services, and wealth management. The company generates revenue through interest income from loans and mortgages, fees from banking services, and investment management. Founded in 1863, U.S. Bank has a rich history marked by strategic acquisitions and expansions, positioning itself as a leader in the financial industry. Notably, it has a strong emphasis on digital innovation and customer-centric solutions.

How to land this job

• Position your resume to highlight your leadership in managing teams focused on derivatives standardized and regulatory capital models like SIMM, SACCR, and SACVA, emphasizing your quantitative expertise and experience with XVA models.

• Emphasize your technical skills in derivatives pricing, option pricing methodologies for fixed income, counterparty credit risk, and your proficiency in coding with Python or Visual Studio, along with your experience in regulatory capital and risk rules.

• Apply through multiple platforms including the U.S. Bank corporate careers site and LinkedIn to maximize your application’s exposure and increase your chances of being noticed.

• Connect with professionals in the Quantitative Modeling or Risk Management divisions at U.S. Bank on LinkedIn; use ice breakers such as commenting on recent regulatory changes affecting derivatives models or asking about the team’s approach to hybrid model pricing.

• Optimize your resume for ATS by incorporating keywords from the job description like 'derivatives modeling,' 'XVA,' 'SIMM,' 'SACCR,' 'Python coding,' and 'regulatory capital,' ensuring your resume passes automated screenings.

• Leverage Jennie Johnson's Power Apply feature to automate tailored applications, identify multiple application portals, and find LinkedIn contacts to network with, allowing you to focus more on preparing for interviews and skill development.