Model Validation Director - Credit, Allowance & Compliance

Model Validation Director

U.S. Bank is seeking an experienced Model Validation Director for our Credit, Allowance & Compliance 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 of assessing and managing 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 CCAR, allowance, compliance, and cyber security 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.
• Interfaces with key stakeholders throughout validation process, regulators and internal audit to discuss justification and reasoning behind validation and review findings

Preferred Skills / Qualifications :

Leadership Capabilities :

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.

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 : $214,795.00 - $252,700.00