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Quantitative Modeling Jobs in Minnesota (NOW HIRING)

US Bank

Audit Project Manager - Model Risk

Minneapolis, MN

$108K - $142K/yr

This role does not require quantitative or modeling expertise. Instead, it requires strong audit project management skills to ensure quantitative audits are wellplanned, wellexecuted, and completed ...

University of Minnesota

Evaluator

Minneapolis, MN · On-site +1

Summarize detailed literature reviews, evaluation plans, logic models, and findings from qualitative, quantitative, and mixed-method approaches through written reports, executive summaries, and oral ...

US Bank

Credit Risk Python Architect

Minneapolis, MN · On-site

$111K - $131K/yr

Model implementation / development / control design * SQL query development * Thorough data compilation, programming skills and qualitative analysis skills * Thorough knowledge of the quantitative ...

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Quantitative Modeling information

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How much do quantitative modeling jobs pay per year?

As of Jun 14, 2026, the average yearly pay for quantitative modeling in Minnesota is $166,234.00, according to ZipRecruiter salary data. Most workers in this role earn between $131,700.00 and $194,900.00 per year, depending on experience, location, and employer.

What is a quantitative modeler?

A quantitative modeler is a professional who develops mathematical and statistical models to analyze financial data, assess risk, and support decision-making in finance or related fields. They often use programming languages like Python or R and have strong skills in mathematics, statistics, and data analysis. This role typically requires a background in finance, mathematics, or engineering and familiarity with modeling tools and software.

What jobs pay 500,000 a year in the US?

In quantitative modeling, senior roles such as quantitative analysts, quantitative traders, and hedge fund managers can earn $500,000 or more annually, especially with bonuses and profit sharing. These positions typically require advanced degrees, strong programming skills, and experience in financial markets or risk management.

What are typical daily tasks and projects for someone in a Quantitative Modeling role?

In a Quantitative Modeling position, your daily activities usually include analyzing large datasets, building and validating predictive models, and developing algorithms to solve business or financial problems. You might spend time coding, running simulations, and interpreting model outputs to inform strategy or risk assessment. Collaboration is common—you'll often work with data scientists, business analysts, or subject matter experts to refine models and ensure they're aligned with organizational goals. The work is intellectually stimulating and fast-paced, with opportunities to see your analytical insights directly impact decision-making.

What is a Quantitative Modeling job?

A Quantitative Modeling job involves using mathematical, statistical, and computational techniques to analyze data and construct models that help businesses make informed decisions. Professionals in this field work in finance, risk management, economics, and other industries to develop predictive models, optimize strategies, and assess uncertainties. They often use programming languages like Python, R, or MATLAB, along with machine learning and statistical methods, to solve complex problems.

What job makes $10,000 a month without a degree?

In quantitative modeling, high-paying roles such as quantitative trader or algorithmic trader can earn $10,000 or more monthly without a formal degree, often relying on strong analytical skills, programming knowledge, and experience with financial markets. Success in these roles depends on demonstrated expertise, risk management, and the ability to develop profitable models, rather than formal education alone.

What jobs make $1,000,000 a year?

In quantitative modeling, high-earning roles such as senior quantitative analysts, hedge fund managers, and chief investment officers can earn $1,000,000 or more annually, often through a combination of base salary, bonuses, and profit sharing. These positions typically require advanced degrees, strong analytical skills, and experience in finance, risk management, or data science.

What are the key skills and qualifications needed to thrive in the Quantitative Modeling position, and why are they important?

To excel in Quantitative Modeling, a strong foundation in mathematics, statistics, and data analysis is essential, often complemented by a degree in a quantitative field such as mathematics, finance, engineering, or physics. Proficiency in programming languages like Python, R, MATLAB, or statistical software, as well as familiarity with data visualization tools and financial modeling certifications (such as CFA or FRM), is highly valued. Effective quantitative modelers possess strong problem-solving abilities, attention to detail, and the ability to communicate complex findings clearly to both technical and non-technical stakeholders. These skills enable accurate, data-driven decision-making and the creation of robust predictive models in business, finance, or technology sectors.

What are popular job titles related to Quantitative Modeling jobs in Minnesota? For Quantitative Modeling jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Quantitative Modeling jobs in Minnesota look for? The top searched job categories for Quantitative Modeling jobs in Minnesota are:
Quantitative Modeling jobs near you
Infographic showing various Quantitative Modeling job openings in Minnesota as of June 2026, with employment types broken down into 84% Full Time, 14% Part Time, 1% Temporary, and 1% Nights. Highlights an 73% Physical, 5% Hybrid, and 22% Remote job distribution, with an average salary of $166,234 per year, or $79.9 per hour.
Model Validation Manager - Wholesale and Small Business Credit Loss

Model Validation Manager - Wholesale and Small Business Credit Loss

US Bank

Minneapolis, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 14 days ago

U.S. Bank rating

8.2

Company rating: 8.2 out of 10

Based on 345 frontline employees who took The Breakroom Quiz

38th 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 Description

U.S. 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, 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 commercial 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 wholesale and small business 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 packages.
  • 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: $170,255.00 - $200,300.00

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.

What U.S. Bank employees say

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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

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