2027 Quantitative Modeling Summer Intern

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 What you’ll do Quantitative Modeling is a dynamic and thriving field that solves real-world problems through quantitative 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, practical experience , mentorship, a community of peers and advisors, and a pathway to our full-time Quantitative Modeling Development Program upon graduation. As a Q uantitative Modeling I ntern, you’ll : Work r egularly with model development teams in researching and vetting quantitative methodologies 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 at U.S. Bank 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 2027 or Spring 2028. Basic understanding of modeling and validation techniques in varying disciplines Ability to start the 10-week internship program on June 7 , 202 7 . 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 p rogramming 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, Econo metrics , Machine L earning, etc. Knowledge of various regression techniques, parametric and non-parametric algorithms, times series analysis or other statistical approaches , various model validation tests/methodologies Working model and hours: This role requires working from a U.S. Bank location three (3) or more days per week, while having flexibility on work location for the other working days. The application process If you are interested in applying and learning more, click on the Apply Now icon to submit your application. Internship benefits Meaningful, hands-on work that impacts the business Networking opportunities with senior leadership, U.S. Bank team members, and interns Potential for a fulltime offer upon graduation into a rotational program 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 . 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 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: $28.27 - $37.69 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.