2024 Quantitative Modeling Summer Intern

Key Skills

Analytical and Problem solving, C++, Machine learning techniques, Python Programming, R Programming, Regression Analysis

Job Description

Quantitative Modeling is a dynamic and thriving field that that solves real-world problems through model research, development and validation. Our 10-week paid internship will provide you with foundational experience and skill development through a mix of on-the-job training, mentorship, a community of peers and advisors, and a pathway to our full-time Quantitative Modeling Development Program upon graduation.

As a Quantitative Modeling Intern, you will:

• Regularly work with model owners and monitoring existing models
• Get hands-on experience working on creating, validating, testing, and documenting models that impact the business
• Develop technical and business acumen through training, mentorship, and exposure to senior executives
• Build a supportive community of peers through a variety of cohort strengthening activities such as social events, volunteer days, and development workshops

Who we’re looking for

Are you interested in solving complex problems in the financial industry? If you are a mathematical, statistical, or quantitative pro who’s curious about applying your skills outside of academia the Quantitative Modeling Internship might be right for you!

Basic qualifications

• Pursuing a Master’s or PhD degree in Statistics, Mathematics, Physics, Engineering, Financial Engineering/Mathematics, Economics, or other highly quantitative degrees with a target graduation date of December 2024 or May 2025
• Basic understanding of modeling and validation techniques in varying functions
• Ability to start internship program June 2024

Preferred qualifications

• Strong written and verbal communication skills
• Ability to think and work independently within a professional setting
• Strong analytical, problem solving and critical thinking skills
• Highly organized and motivated; ability to manage and prioritize multiple tasks and deadlines simultaneously
• Strong Programming skills such as C++, Python, R etc.
• Data compilation, programming skills and qualitative analysis skills
• Statistical modeling background based on technical training or advanced education in a quantitative field such as Derivatives Pricing, Probability, Stochastic Calculus, Regressions, Machine learning etc.
• Knowledge of various regression techniques, parametric and non-parametric algorithms, times series techniques, and other statistical models, various model validation tests/methodologies

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.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.

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):

• 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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster. 

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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $26.63 - $35.53 - $39.08