Commercial Scorecard Quantitative Manager

M&T Bank•Boston, MA

12d•$143,300 - $238,900•Hybrid

About The Position

Responsible for the long-term strategic design, implementation, maintenance, testing and use of Commercial Risk Rating Models and Loss forecasting models utilized for credit risk management or other enterprise initiatives and sets the strategic direction for the process of continuous enhancements. Particular emphasis is the Bank’s commercial Probability of Default (PD) and Loss Given Default (LGD) models. Act as a key contact for outside parties (bank examiners, auditors) on M&T’s Commercial Credit Risk Rating structure and process. Also, responsible for keeping up to date with industry’s best practice and changes in the field of commercial risk ratings.

Requirements

Bachelor’s degree and a minimum of 7 years' relevant work experience, or in lieu of a degree, a combined minimum of 11 years' higher education and/or work experience, including a minimum of 7 years' relevant work experience
Quantitative skills including strong analytical, financial, statistical and model development skills.
Excellent Verbal and written communication, cross functional collaboration and management skills
Ability to communicate complicated statistical concepts to a broad audience in a non-technical manner.

Nice To Haves

PhD in Mathematics, Statistics, Quantitative Analysis or another technical discipline
Knowledge of Commercial Loan analysis techniques is strongly preferred

Responsibilities

Development and Maintenance of the framework for Commercial PD and LGD credit risk models for the institution.
Development and Maintenance of assigned Commercial Loss Forecasting and Stress Testing models for the institution.
Ensure compliance of models to all regulations.
Monitor and report on performance of all models.
Determine when redevelopment or recalibration is needed.
Conduct internal validation and back testing of all models.
Partner with Centralized Technology to ensued that Rating models are fully integrated into the appropriate platform which allows seamless delivery to the end user while providing for a stable and robust data capture process.
Partner with MROC to communicate all models, ensure independent validation is scheduled, present models to committee, communicate to business lines, legal, compliance, risk committee, and all interested parties.
Interface with a wide range of internal customers, including executive management, to explain the benefits, limitations, assumptions and requirements for proposed credit risk models, and scorecards, solutions and strategies to implement these models as applicable.
Manage the output of Quantitative Analysts and Modelers and track the development of their statistical modeling acumen in areas such as segmentation analysis, logistic regression, decision trees and multivariate analysis.
Develop and maintain a regimen of training to all users of the Rating scorecards to ensure that accurate and appropriate ratings are assigned.
Consult with internal businesses with the ongoing management and validation of their scores and score-based strategies.
Display organizational subject matter expertise on Rating scorecard deployment.
Specify and model the relationship between appropriate macroeconomic factors and credit risk outcomes such as losses and delinquencies.
Develop strategies and techniques for modeling commercial credit risk in areas new to the organization.
Analyze and present findings to Senior Management.
Define, develop and deploy best credit risk practices and infrastructure bank wide.
Execute ad hoc analysis or projects assigned by the Credit Risk Manager.
Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
Promote an environment that supports belonging 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.
Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.