Model Risk Analyst-Validation
About The Position
Review and validate models used by various groups within M&T Bank, including capital stress testing, risk measurement and prediction, pricing, forecasting, wealth management, marketing, compliance, profitability, and management decision-making. Perform full or targeted scope validations. Assess model performance and evaluate findings for remediation. Review development and execution codes. Research and evaluate model theory and design. Conduct independent analysis of model assumptions and outcomes. Determine the impact of model deficiencies or limitations. Review documentation and perform independent testing and benchmarking. Produce reports, memos, and presentations on reviews conducted. Participate in research projects, build benchmark models, present to management, and develop ad hoc processes for efficiency gains. Engage with regulators and audit members during process reviews. Validate complex models or aspects of models.
Requirements
- Master's degree in Finance, Mathematics, Statistics, Quantitative Finance, Econometrics, or a related quantitative field
- Two (2) years of experience as a Quantitative Analyst, Statistician, Economist, Actuary Analyst or a related occupation
- One (1) year of experience using one of the advanced software packages: SAS, Python, MATLAB, R, or STATA for analyzing large data sets and generate analysis reports
- One (1) year of experience using Excel for data visualization
- One (1) year of experience using PowerPoint for creating and delivering presentations with visuals and multimedia
- One (1) year of experience developing or validating statistical, financial, mathematical, econometric models, or other quantitative models used in financial services and banking
- One (1) year of experience conducting research on statistical and econometric model theory and performing model evaluation analysis of financial models
Responsibilities
- Review and validate models
- Perform full or targeted scope validations
- Assess model performance and evaluate findings for remediation
- Review development and execution codes
- Research and evaluate model theory and design
- Conduct independent analysis of model assumptions and outcomes
- Determine the impact of model deficiencies or limitations
- Review documentation and perform independent testing and benchmarking
- Produce reports, memos, and presentations on reviews conducted
- Participate in research projects, build benchmark models, present to management, and develop ad hoc processes for efficiency gains
- Engage with regulators and audit members during process reviews
- Validate complex models or aspects of models
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
5,001-10,000 employees
