Quantitative Senior Audit Project Manager

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 Quantitative Senior Audit Project Manager (QSAPM) position within Corporate Audit Services is primarily responsible for performing model risk related audit engagements with minimal supervision from managers.

The QSAPM is expected to perform audit testing of model development, validation, and quality assurance, collaborate with stakeholders, and complete engagements in conformance with internal audit policies and procedures.

The QSAPM should have advanced understanding of model risk management concepts, as described in OCC Bulletin 2011-12 / FRB SR 11-7, such as model development, implementation, monitoring, use, validation, governance, policies, inventories and controls.

Duties

Reviews and analyzes the development, implementation, use, monitoring, and validation of complex statistical and AI / ML models covering balance sheets, treasury, interest rates, pricing / valuation, derivatives, PPNR, credit, AML, fraud and other areas, and making appropriate conclusions, and recommending necessary action plan where needed.

Specific focus on documenting the testing of advanced statistical and AI / ML models and communicating the results of such testing to stakeholders within the Bank.

Provides quantitative expertise to assist in completion of the audit plan, including collaborating with other audit teams regarding advanced statistical and AI / ML models.

Interacts regularly with business line and model risk management leaders, and internal and external subject matter experts.

Assists in adjusting the audit plan where appropriate based on those interactions.

Basic Qualifications

• Bachelor's degree in a quantitative field, and 10 or more years of relevant experience

OR

OR

Preferred Skills / Experience

NOTE : This role offers a hybrid / flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

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 (some may vary based on role, location or hours) :

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 : $133,365.00 - $156,900.00

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.