Overview:

Responsible for managing the validations of the Bank’s Quantitative models in support of both economic and regulatory requirements.  Includes the strategic and day-to-day management of a Model Risk Team's technical expertise (business knowledge, applicable regulations, affiliated technology) and personnel needs. Will interact with model developers, various lines of business and support areas, and governance committees to manage model validation risk throughout the bank and support the capital planning, Current Expected Credit Losses (“CECL”) and other BAU processes.

Position Responsibilities:

Manage the independent review and validation of more complex models used in the the organization, focused on assessing risk and validating either Capital Planning, CECL, Scorecards, Assets Under Management (“AUM”), Bank Secrecy Act/Anti Money Laundering (“BSA/AML”), Marketing, Artificial Intelligence/Machine Learning (“AI/ML”) and other models across the Bank, and ensure compliance with SR 11-07.

Participate on the Model Risk Oversight Committee, as the subject matter expert on Model Validation activities.

Responsible for the strategic planning and short-term initiatives of model validation activities including contingency planning and regulatory compliance

Manage the validation and analysis of expert judgment or qualitative factors that augment quantitative models; review to confirm proper controls and adequate documentation are in place.

Recommend, as necessary, the cessation of reliance on models that are outdated or inaccurate, as determined by independent analysis.

Build strong relationships and consensus across the organization, aligning conflicting priorities and resolving issues as required to achieve progress.

Exercise usual authority of a manager concerning staffing, performance reviews and ratings, promotions, salary recommendations, performance management and terminations.

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.

Scope of Responsibilities:

Responsible for day-to-day and strategic direction of one or more of key model validation functions. Requires thorough knowledge of Banking businesses, applicable regulations and technology.

Will interact with various lines of business and support areas, including Credit Risk, Finance, Treasury, and Mortgage, to manage model risk throughout the bank and support the capital planning/ACL processes.

Supervisory/Managerial Responsibilities:

Directly manage a team of 5-10 individuals.

Education & Experience Required:

Master’s or Doctoral degree in a quantitative discipline (including, Statistics, Mathematics, Engineering, Business Management) with 7 years of relevant financial services experience (including model development, model validation, analytics) inclusive of 4 years’ managerial experience or in lieu of degree a combined minimum of 10 years’ higher education and relevant work experience.

Demonstrated technical knowledge of advanced software packages used in analytics. (e.g., SAS, QRM, Strategic Analytics, Monte Carlo software).

Education & Experience Preferred:

Knowledge of pertinent Bank systems.

Programming skills including Python for creating automated reports, tasks, and actions

Familiarity with SR 11-7, SR 15-18, SOX, etc.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $0.00 - $0.00 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.

Location

Clanton, Alabama, United States of America