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U.S. Bank · 1 week ago

Fair and Responsible Banking Model Review Senior Analyst

Charlotte, NC

Full-time

Hybrid

Senior Level, Lead/Staff

$133K/yr - $157K/yr

10+ years exp

U.S. Bank is on a journey to help customers and businesses make smarter financial decisions. The Fair and Responsible Banking Model Review Senior Analyst will support the Fair and Responsible Banking Program by evaluating discrimination risk and ensuring compliance with fair lending laws through effective risk management and collaboration with various stakeholders.

BankingFinancial ServicesInsuranceMortgageWealth Management

No H1B

Responsibilities

Perform robust fair and responsible banking risk qualitative reviews and assessments for models used across the Company, evaluating compliance with fair lending laws and regulations, assessing inputs and explainability, escalating concerns to management, and overseeing corresponding risk mitigation efforts

Design, develop, monitor, and support a variety of model-related guidance and training in alignment with industry-driven best practices. Ensure guidance and training is robust, updated, and considers the Company’s current risk appetite

Collaborate with fair and responsible banking statisticians when performing deep dive reviews and assessments on high-risk models

Partner with fair and responsible banking stakeholders to perform root cause analyses and to assess potential risk drivers

Partner with Business Line personnel and model developers to assess business needs and perform searches for less discriminatory alternatives, evaluate viability, and document findings

Manage the fair and responsible banking model inventory and maintain appropriate controls to ensure comprehensive risk management of the Company’s models

Create reports summarizing fair and responsible banking risks and present results for review by internal and external (regulatory staff) audiences

Ensure documented interpretations and conclusions are appropriate

Maintain appropriate levels of documentation to support each review and assessment, ensuring the evaluation of fair and responsible banking risk is consistent with regulatory and industry expectations

Support and prepare materials related to examination, supervisory, enforcement, or internal audit/review requests

Provide timely risk escalation and awareness items to management and other stakeholders as appropriate. Identify and engage with the team in continuous improvement activities

Qualification

Fair lending knowledgeModel Risk ManagementStatistical testingArtificial intelligenceSAS programmingRegulation B knowledgeProject managementMicrosoft Office proficiencyCommunication skillsWriting experience

Required

Bachelor's degree, or equivalent work experience

Typically more than 10 years of applicable experience

Understanding of the interaction among Fair and Responsible Banking risks, Model Risk Management requirements, and other banking functions

Ability to work and thrive in a rapid-paced, deadline-driven, and collaborative environment

Solid project management and organizational skills

Drive to continually meet new challenges

Ability to drive effective and efficient risk management

Ability to generate high-quality written reporting and work output

Ability to serve in an advisory role to model stakeholders, peers, and junior staff

Understanding of business objectives and key fair and responsible banking risk drivers across the product lifecycle

Familiarity with statistical testing and programming, artificial intelligence and machine learning methods

Ability to communicate technical concepts to differing audiences

Preferred

Degree in quantitative field (Mathematics, Statistics, Economics, etc.) is preferred

Knowledge of Regulation B, Fair Housing Act, discrimination risk concepts, fair lending examination procedures, and prohibitions against unfair, deceptive, or abusive acts or practices (UDAAP)

At least 8 years of experience in applicable laws, regulations, financial services, and risk management

Experienced and knowledgeable regarding fair and responsible banking concepts and risks specifically related to models

Knowledge of Model Risk Management concepts and expectations a plus

Experienced and knowledgeable regarding modeling best practices as it relates to mitigating fair and responsible banking risk

Statistical modeling and SAS programming experience a plus

Experienced and knowledgeable regarding artificial intelligence and machine learning techniques and concepts

Excellent project management and strategic skills

Detail oriented with a proven ability to manage a dynamic workload with multiple projects and changing priorities

Experience as a project manager and/or people leader a plus

Great presentation skills with the ability to communicate and collaborate effectively with a variety of end users and management

Writing experience (e.g., technical writing and business reporting)

Proficient with Microsoft Office packages, specifically Word, Excel, and PowerPoint