S. Bank is seeking an experienced Model Validation Manager to lead validation efforts for our Residential Mortgage and Retail Credit Loss Forecasting models. This role reports to the Director of ...
S. Bank is seeking an experienced Model Validation Manager to lead validation efforts for our Residential Mortgage and Retail Credit Loss Forecasting models. This role reports to the Director of ...
Bank is seeking an experienced Model Validation Manager to lead validation efforts for our Wholesale and Small Business Credit Loss Forecasting models. This role reports to the Director of Credit ...
Bank is seeking an experienced Model Validation Manager to lead validation efforts for our Wholesale and Small Business Credit Loss Forecasting models. This role reports to the Director of Credit ...
Quantitative Model Validation Analyst
$117.73K - $138.50K/yr
Deliverables include the creation of model validation documentation such as: presentations, written ... and risk management approaches - Demonstrated independence, team work and leadership skills ...
Quantitative Model Validation Analyst
$117.73K - $138.50K/yr
Deliverables include the creation of model validation documentation such as: presentations, written ... and risk management approaches - Demonstrated independence, team work and leadership skills ...
Director of Actuarial Model Validation
Minneapolis, MN · On-site
$135K - $237.20K/yr
Manage a team of quantitative model validators to test and evaluate the conceptual soundness of actuarial models and assess limitations and suitability for use. * Lead and implement model validation ...
Director of Actuarial Model Validation
Minneapolis, MN · On-site
$135K - $237.20K/yr
Manage a team of quantitative model validators to test and evaluate the conceptual soundness of actuarial models and assess limitations and suitability for use. * Lead and implement model validation ...
Director of Actuarial Model Validation
Minneapolis, MN · On-site
$135K - $237.20K/yr
Manage a team of quantitative model validators to test and evaluate the conceptual soundness of actuarial models and assess limitations and suitability for use. * Lead and implement model validation ...
Director of Actuarial Model Validation
Minneapolis, MN · On-site
$135K - $237.20K/yr
Manage a team of quantitative model validators to test and evaluate the conceptual soundness of actuarial models and assess limitations and suitability for use. * Lead and implement model validation ...
Strong analytical, organizational, problem-solving, and project-management skills. Experience working with large datasets and building or validating advanced statistical models (including regression ...
Strong analytical, organizational, problem-solving, and project-management skills. Experience working with large datasets and building or validating advanced statistical models (including regression ...
Corporate Treasury's Asset & Liability Management Quantitative Finance group supports these efforts ... The model-building process is holistic, and will include estimating, validating, testing ...
Corporate Treasury's Asset & Liability Management Quantitative Finance group supports these efforts ... The model-building process is holistic, and will include estimating, validating, testing ...
Corporate Treasury's Asset & Liability Management Quantitative Finance group supports these efforts ... The model-building process is holistic, and will include estimating, validating, testing ...
Corporate Treasury's Asset & Liability Management Quantitative Finance group supports these efforts ... The model-building process is holistic, and will include estimating, validating, testing ...
... management skills. • Experience working with large datasets and building or validating advanced statistical models (including regression and economic factor models) • Extensive programming ...
... management skills. • Experience working with large datasets and building or validating advanced statistical models (including regression and economic factor models) • Extensive programming ...
Power Systems Modeling Engineer - Distribution (Entry, Staff, Senior)
Maple Grove, MN · On-site
$107K - $146.40K/yr
... model validation process * Work to resolve data quality issues in upstream source data systems * Work with ISP's data science team to build and validate ETL workflows in Xcel's data management ...
Power Systems Modeling Engineer - Distribution (Entry, Staff, Senior)
Maple Grove, MN · On-site
$107K - $146.40K/yr
... model validation process * Work to resolve data quality issues in upstream source data systems * Work with ISP's data science team to build and validate ETL workflows in Xcel's data management ...
Specifically, this position supports the Model Risk Management ("MRM") program at the Bank. The ... During validation, the Analyst will independently challenge the model's conceptual framework and ...
Specifically, this position supports the Model Risk Management ("MRM") program at the Bank. The ... During validation, the Analyst will independently challenge the model's conceptual framework and ...
Associate AI/ML Engineer
Edina, MN · On-site
$68.50K - $116.30K/yr
Apply best practices for data governance, security, and model validation. Troubleshoot and improve ... Ability to work collaboratively in a team environment while managing multiple priorities. Estimated ...
Associate AI/ML Engineer
Edina, MN · On-site
$68.50K - $116.30K/yr
Apply best practices for data governance, security, and model validation. Troubleshoot and improve ... Ability to work collaboratively in a team environment while managing multiple priorities. Estimated ...
Associate AI/ML Engineer
Minneapolis, MN · On-site
$68.50K - $116.30K/yr
Apply best practices for data governance, security, and model validation. * Troubleshoot and ... Ability to work collaboratively in a team environment while managing multiple priorities. Estimated ...
Associate AI/ML Engineer
Minneapolis, MN · On-site
$68.50K - $116.30K/yr
Apply best practices for data governance, security, and model validation. * Troubleshoot and ... Ability to work collaboratively in a team environment while managing multiple priorities. Estimated ...
Primary responsibilities include supervising the Treasury & Model Risk Management team, conducting impartial assessments and validations of first-line activities such as liquidity assumptions and ...
Primary responsibilities include supervising the Treasury & Model Risk Management team, conducting impartial assessments and validations of first-line activities such as liquidity assumptions and ...
Primary responsibilities include supervising the Treasury & Model Risk Management team, conducting impartial assessments and validations of first-line activities such as liquidity assumptions and ...
Primary responsibilities include supervising the Treasury & Model Risk Management team, conducting impartial assessments and validations of first-line activities such as liquidity assumptions and ...
Primary responsibilities include supervising the Treasury & Model Risk Management team, conducting impartial assessments and validations of first-line activities such as liquidity assumptions and ...
Primary responsibilities include supervising the Treasury & Model Risk Management team, conducting impartial assessments and validations of first-line activities such as liquidity assumptions and ...
Primary responsibilities include supervising the Treasury & Model Risk Management team, conducting impartial assessments and validations of first-line activities such as liquidity assumptions and ...
Quick apply
Primary responsibilities include supervising the Treasury & Model Risk Management team, conducting impartial assessments and validations of first-line activities such as liquidity assumptions and ...
Associate Director
$175K/yr
Use proprietary software to design and manage catastrophe reinsurance programs * Utilize external data sources to validate and adjust catastrophe models * Establish strong relationships with ...
Associate Director
$175K/yr
Use proprietary software to design and manage catastrophe reinsurance programs * Utilize external data sources to validate and adjust catastrophe models * Establish strong relationships with ...
Experience with cloud/SaaS systems and shared responsibility validation models. * Experience with project management and test management platforms tools such as JIRA. * Strong understanding of ...
Experience with cloud/SaaS systems and shared responsibility validation models. * Experience with project management and test management platforms tools such as JIRA. * Strong understanding of ...
Driven by a unique Purpose, Culture, and Value Delivery Model, we enable meaningful connections ... Interface with/support different groups, e.g., R&D, Project Management, Quality, and manufacturing.
Quick apply
Driven by a unique Purpose, Culture, and Value Delivery Model, we enable meaningful connections ... Interface with/support different groups, e.g., R&D, Project Management, Quality, and manufacturing.
Model Validation Manager information
See Minnesota salary details
$46.5K - $56.6K
1% of jobs
$56.6K - $66.6K
4% of jobs
$75K is the 25th percentile. Wages below this are outliers.
$66.6K - $76.7K
24% of jobs
$76.7K - $86.8K
9% of jobs
The median wage is $94K / yr.
$86.8K - $96.8K
17% of jobs
$96.8K - $106.9K
8% of jobs
$106.9K - $117K
5% of jobs
$123.7K is the 75th percentile. Wages above this are outliers.
$117K - $127K
11% of jobs
$127K - $137.1K
8% of jobs
$137.1K - $147.1K
6% of jobs
$147.1K - $157.2K
8% of jobs
$46.5K
$103.2K
$157.2K
How much do model validation manager jobs pay per year?
As of May 29, 2026, the average yearly pay for model validation manager in Minnesota is $103,245.00, according to ZipRecruiter salary data. Most workers in this role earn between $73,000.00 and $129,300.00 per year, depending on experience, location, and employer.
What are the key skills and qualifications needed to thrive as a Model Validation Manager, and why are they important?
To thrive as a Model Validation Manager, you need strong quantitative analysis skills, knowledge of risk management, and an advanced degree in mathematics, statistics, finance, or a related field. Familiarity with technical tools such as Python, R, SAS, and model risk management frameworks, as well as experience with regulatory compliance, is typically required. Exceptional problem-solving, communication, and stakeholder management abilities are important soft skills for this role. These skills ensure effective validation of financial models, regulatory compliance, and clear communication of complex findings to non-technical audiences.
How does a Model Validation Manager typically collaborate with other teams during the model validation process?
A Model Validation Manager works closely with model developers, risk management teams, and internal audit to ensure models meet regulatory and business standards. Collaboration often involves reviewing model documentation, discussing model assumptions and methodologies, and providing feedback for improvements. Effective cross-functional communication is essential, as validation managers must balance technical analysis with regulatory compliance and business objectives. Regular meetings and clear reporting lines help facilitate this collaboration, ensuring that model risks are identified and addressed promptly.
What does a Model Validation Manager do?
A Model Validation Manager is responsible for overseeing the validation of financial, risk, or predictive models within an organization. Their primary duties include ensuring that models are accurate, reliable, and compliant with regulatory requirements. They lead teams that assess model performance, identify potential weaknesses, and recommend improvements. This role helps maintain the integrity of models used in decision-making processes, particularly in industries like banking and finance.
What is the difference between Model Validation Manager vs Quantitative Analyst?
| Aspect | Model Validation Manager | Quantitative Analyst |
|---|---|---|
| Credentials | Typically requires advanced degrees in finance, mathematics, or statistics; certifications like CFA or FRM are common | Often holds degrees in finance, economics, or mathematics; certifications like CFA are also common |
| Work Environment | Works in risk management, model validation teams within banks or financial institutions | Works in trading, investment analysis, or risk departments within financial firms |
| Industry Usage | Primarily in banking, asset management, and financial services for model risk assessment | Across investment firms, hedge funds, and banks for market analysis and trading strategies |
The Model Validation Manager focuses on reviewing and validating financial models to ensure accuracy and compliance, often working within risk management teams. In contrast, a Quantitative Analyst develops and applies mathematical models for trading, investment, or risk purposes. While both roles require strong quantitative skills and similar credentials, their core responsibilities and work environments differ significantly.
What are the most commonly searched types of Model Validation jobs in Minnesota? The most popular types of Model Validation jobs in Minnesota are:
What are popular job titles related to Model Validation Manager jobs in Minnesota? For Model Validation Manager jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Model Validation Manager jobs in Minnesota look for? The top searched job categories for Model Validation Manager jobs in Minnesota are:
Full-time
Medical, Dental, Vision, Life, Retirement, PTO
Posted 28 days ago
U.S. Bank rating
8.2
Based on 344 frontline employees who took The Breakroom Quiz
37th of 141 rated banks
Job description
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 DescriptionU.S. Bank is seeking an experienced Model Validation Manager to lead validation efforts for our Residential Mortgage and Retail Credit Loss Forecasting models. This role reports to the Director of Credit, Compliance, and Financial Crimes Model Validation within Model Risk Management, part of the Bank's Risk Management and Compliance organization.
This highly visible leadership position operates at the intersection of credit risk, capital planning, and regulatory oversight, partnering closely with senior and executive stakeholders across the Bank. You will lead and develop a team responsible for validating and overseeing a large, complex inventory of CCAR and CECL credit loss forecasting models across consumer portfolios. These models are foundational to enterprise credit risk assessment, loss forecasting, reserving, and capital planning-offering a unique opportunity to deliver highimpact insights through rigorous analysis, clear documentation, and strong stakeholder engagement.
Key Responsibilities
- Lead and develop a highperforming analytics team responsible for independent validation of the Bank's residential mortgage and retail portfolio credit loss forecasting models supporting CCAR stress testing and CECL requirements.
- Oversee endtoend model validation activities, including preimplementation validations, periodic reviews, and ongoing monitoring, providing effective challenge to model design, methodology, data, processes, and performance.
- Ensure rigorous execution of validation analyses and drive continuous enhancement of validation standards and processes.
- Review and approve validation deliverables to ensure conclusions are wellsupported, clearly documented, and communicated effectively to stakeholders with varying levels of technical expertise.
- Identify model risks and findings, drive corrective actions, and ensure timely remediation in alignment with Model Risk Management program requirements.
- Manage validation execution against plan, including resource allocation, coaching, prioritization, and quality control across the validation portfolio.
- Engage and partner with business stakeholders throughout validation and remediation efforts, fostering strong relationships while maintaining independent and credible challenge.
- Manage internal audits and regulatory examinations, serving as a key point of contact for regulators, auditors, and senior stakeholders to clearly articulate validation analyses, findings, and conclusions, and effectively address supervisory feedback.
Basic Qualifications
- Bachelor's degree (MA/MS/PhD strongly preferred) and nine or more years of relevant experience
- Five or more years of experience leading a quantitative modeling team
Preferred Skills/Experience
- Extensive knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies, using SAS or similar statistical package
- Advanced data compilation, programming skills and qualitative analysis skills
- Thorough knowledge of the quantitative and qualitative risk factors, industry risks, competition risks, and risk management approaches
- Thorough knowledge of applicable regulatory rules, guidance, or supervisory letters
- In depth knowledge of Bank products and services
- Demonstrated independence, teamwork and leadership skills
- Strong analytical, organizational, problem-solving, negotiation, and project management skills
- Excellent interpersonal, verbal and written communication skills
Location Requirements
This role requires working from a U.S. Bank location three (3) or more days per week.
If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability 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:
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
Review our full benefits available by employment status here.
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 theE-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: $149,515.00 - $175,900.00U.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.
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About U.S. Bank
Sourced by ZipRecruiter
U.S. Bank is a reputable and established financial institution that plays a significant role in the banking sector. With a history spanning over 150 years, U.S. Bank has built a strong foundation of trust and reliability. As a comprehensive bank, they offer a wide array of financial products and services to cater to the diverse needs of their customers, including individuals, businesses, and communities. Customer satisfaction is of utmost importance to U.S. Bank. They prioritize delivering exceptional service and fostering long-term relationships with their clients. Through their extensive network of branches and advanced digital banking platforms, U.S. Bank ensures convenient access to their services, empowering customers to manage their finances efficiently and securely.
Industry
Banking and credit intermediation
Company size
10,000+ Employees
Headquarters location
Minneapolis, MN, US
Year founded
1863