M&T Bank

Quantitative Manager, Credit Model Development – Consumer Credit

M&T Bank

full-time

Posted on:

Origin:  • 🇺🇸 United States • New York

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Salary

💰 $115,704 - $192,840 per year

Job Level

Mid-LevelSenior

Tech Stack

PythonSQL

About the role

  • Manage a team of quantitative analysts and modelers within Treasury supporting credit, interest rate risk, liquidity risk, CCAR/stress testing and economic capital
  • Lead end-to-end model development and implementation for behavioral models used in credit risk management, interest rate risk, liquidity risk, stress testing and economic capital
  • Facilitate model development effective challenge and coordinate with Model Development Working and Oversight Groups
  • Present analytical results, recommendations and findings to senior management and executive stakeholders
  • Collaborate with internal and external partners to develop pricing, underwriting and funding strategies to maximize profitability
  • Develop and implement performance metrics, reporting and forecasting using models to support decision-making
  • Manage knowledge and sourcing of bank-specific and industry data; serve as liaison for data sourcing
  • Maintain model documentation, process narratives and performance monitoring guidelines
  • Lead engagements with Model Risk Management for validation exercises and ensure regulatory compliance
  • Serve as subject matter expert for Treasury projects and partner with product, underwriting, recovery, Balance Sheet Risk Management and external consultants
  • Mentor and supervise less experienced team members; manage staffing, performance appraisals and related managerial duties
  • Define, develop and deploy risk management practices and infrastructure bank-wide; design and maintain internal controls
  • Identify and escalate risk-related issues; promote inclusive environment reflecting M&T Bank brand
  • Complete other related duties as assigned

Requirements

  • Bachelor’s degree in statistics, economics, finance or related quantitative field with coursework in statistics, econometrics, economics, computer science, finance or risk management
  • Minimum of 6 years proven quantitative behavioral modeling experience, inclusive of at least 2 years supervisory/management or work leadership experience
  • OR in lieu of a degree, combined minimum of 10 years higher education and/or work experience including minimum 6 years quantitative behavioral modeling (inclusive of 2 years supervisory)
  • Proven experience managing and analyzing large data sets and explaining results via written, verbal and visual communication
  • Strong leadership skills; experience managing people and projects
  • Knowledge of model development for underwriting/behavioral/quantitative models, including scorecards, logistic regression and time series (preferred)
  • Knowledge of model risk management and model validation, including SR-11-7 guidance (preferred)
  • Knowledge of consumer products such as retail credit card and automobile lending (preferred)
  • Experience with Python (preferred) or SAS
  • Experience with SQL Server Management Studio or similar data management environments
  • CCAR and/or CECL experience (preferred)
  • Ability to work autonomously and collaboratively across teams
  • Familiarity with regulatory standards, internal controls and model documentation