Credit Modeling Quantitative Expert

Job DescriptionOverview:

Independently develops, implements, maintains, analyzes and manages quantitative/econometric credit risk models used for capital planning, ACL and underwriting purposes.  Serves as Bank-wide or industry expert in key area(s) of quantitative risk management.  Provides mentoring, training and guidance to less experienced analysts and may lead/manage teams on a project basis, providing performance feedback to management as appropriate.

Primary Responsibilities:

• Lead research and development of quantitative models used for credit risk, including but not limited to, loan delinquency, default and loss models, loan prepayment and utilization models, deposit attrition models, and financial instrument valuation methods used for capital planning, ACL and underwriting
• Prepare, manage and analyze large customer loan, deposit or financial data sets for statistical analysis to properly specify and estimate econometric models to understand customer or Bank behavior.  Understand context of the Bank’s data and businesses to ensure properly developed models.
• Support the end-to-end development and implementation of models using agile methodologies while using sophisticated coding software and data science platforms.
• Execute models in production environment; communicate analytical results to Bank-wide stakeholders.  Track portfolio performance, model performance, campaign tracking and risk strategy results. Incorporate observations and data in to existing models to improve predictive results.
• Develop, maintain, and manage satisfactory model documentation, including process narratives and performance monitoring guidelines to serve as reference source.   
• Lead financial analysis and data support to other groups/departments across the Bank as required, serving as Bank-wide expert in area(s) of quantitative risk management. Lead engagements with colleagues in Model Risk Management for model validation exercises.
• Provide guidance and direction to less experienced personnel regarding all aspects of data and financial analysis and the development and management of predictive statistical models.
• Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.  Identify risk-related issues needing escalation to management.
• Promote an environment that supports diversity and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.

Scope of Responsibilities:

The position serves as a quantitative expert in use of statistical programming languages to analyze Bank datasets and development, implementation and maintenance of credit risk models.  It is important for the position to communicate with clear narratives, compelling data visualization and technical precision, both in-person and in writing, to enable audiences to understand analysis and forecasts.  The position partners and collaborates with colleagues in related functions, including Credit Risk Management, Commercial and Consumer Business Units, Model Risk Management and review functions (Credit Review, Audit, etc) to implement and understand models for Bank use.  The position often leads team-based projects related to model development or implementation.  This role is highly technical in nature and requires demonstrated attention to detail, execution and follow-up on multiple initiatives within Finance and across the Bank.  The ability to identify, analyze, rationalize and communicate complex business, data and statistical problems and recommend corresponding solutions while directing the work of others on the team is a key factor of success in this role.  The position may supervise the work of interns and/or lead teams on a project basis, providing performance feedback to management as appropriate.  The position also provides guidance and direction to less experienced personnel.

Education and Experience Required:

Bachelor’s degree and a minimum of 6 years’ proven quantitative behavioral modeling experience, or in lieu of a degree, a combined minimum of 10 years’ higher education and/or work experience, including a minimum of 6 years’ proven quantitative behavioral modeling experience

Minimum of 6 years’ on-the-job experience with pertinent statistical software packages (SAS, Python, Stata, R)

Minimum of 6 years’ on-the-job experience with data management environment, such as SQL Server Management Studio

Minimum of 6 years’ on-the-job experience analyzing large data sets and explaining results of analysis through concise written and verbal communication as well as charts/graphs

Education and Experience Preferred:

Masters’ of Science or Doctorate degree in statistics, economics, finance or related field in the quantitative social, physical or engineering sciences, with proven coursework proficiency in statistics, econometrics, economics, computer science, finance or risk management

Minimum of 8 years’ statistical analysis programming experience

Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) designation

Fluency and high proficiency in econometric/statistical techniques, especially time-series analysis, panel data methods and logistic regression

Experience in balance sheet management and mathematical modeling of financial instruments offered by banks

Knowledge and familiarity with key aspects of model risk management and model validation, including SR-11-7 guidance on model risk management

Proven track record for being able to work autonomously and within a team environment

Proven leadership skills

Strong desire to learn and contribute to a group

Previous experience leading and directing the work of less experienced personnel

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $115,703.73 - $192,839.55 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.

LocationClanton, Alabama, United States of America