About The Position
Senior developer within Treasury to support data, systems and forecasting needs of Treasury’s credit, interest rate risk, liquidity risk, CCAR (Comprehensive Capital Analysis and Review)/stress testing and economic capital practices. 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.
Requirements
- 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
- Credit modeling experience, including commercial credit score card development
Nice To Haves
- 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
- Strong Python skills
- 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
Responsibilities
- Lead research and development for origination, credit, financial, demographic, behavioral, market and economic data pertinent to the Bank’s customers, portfolios and products.
- Interpret results, develop recommendations, and present findings to senior management.
- Support the end-to-end model development and implementation process for behavioral models supporting the firm’s credit risk management, interest rate risk, liquidity risk, stress testing and economic capital practices.
- Facilitate the model development effective challenge process with the Model Development Working and Model Development Oversight Groups.
- Work with a wide range of internal customers, including executive management, to explain the benefits, limitations, assumptions and requirements for proposed models, scorecards, and forecasts.
- Work closely with internal and external business partners to develop and implement strategies for optimal pricing, underwriting or funding strategy with the end goal of maximizing firm profitability.
- 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.
- 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.
Benefits
- The pay range for this position is $123,600.00 - $206,000.00 Annual (USD).
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
Upload and Match Resume
What This Job Offers
Job Type
Full-time
Career Level
Senior
