Posted:
9/11/2024, 8:47:38 AM
Location(s):
Buffalo, New York, United States ⋅ New York, United States
Experience Level(s):
Senior
Field(s):
Data & Analytics
Workplace Type:
On-site
The credit model development team is looking for a senior model developer that can serve as a lead to independently develop, implement, maintain, analyze and manage quantitative/econometric behavioral models used for credit risk, capital planning and/or underwriting. The individual may supervise the work of interns and/or lead teams, providing performance feedback to management as appropriate. Provides guidance and direction to less experienced personnel. This is a great opportunity to be part of a highly dedicated quantitative team of model developers.
The position serves as team lead in use of statistical programming languages to analyze Bank datasets and development, implementation and maintenance of credit risk models. It is important for the position to communicate with clear narratives, compelling data visualization and technical precision, both in-person and in writing, to enable audiences to understand analysis and forecasts. The position partners and collaborates with colleagues in related functions, including Capital Planning, Credit Risk Management, Model Risk Management and business lines to implement and understand models for Bank use. The position often leads team-based projects related to model development or implementation. This role is highly technical in nature and requires demonstrated attention to detail, execution and follow-up on multiple initiatives within Finance and across the Bank. The ability to identify, analyze, rationalize and communicate complex business, data and statistical problems and recommend corresponding solutions while directing the work of others on the team is a key factor of success in this role. The position may supervise the work of interns and/or lead teams of up to three individual contributors, providing performance feedback to management as appropriate. The position also provides guidance and direction to less experienced personnel.
Bachelor’s degree and a minimum of 4 years’ proven quantitative behavioral modeling experience, or in lieu of a degree, a combined minimum of 8 years’ higher education and/or work experience, including a minimum of 4 years’ proven quantitative behavioral modeling experience
Minimum of 4 years’ on-the-job experience with pertinent statistical software packages (SAS, Python, Stata, R)
Minimum of 4 years’ on-the-job experience with data management environment, such as SQL Server Management Studio
Proven experience managing and analyzing large data sets and explaining results of analysis through concise written and verbal communication as well as charts/graphs
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 5 years’ statistical analysis programming experience
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
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $97,869.52 - $163,115.87 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.Website: https://mtb.com/
Headquarter Location: Buffalo, New York, United States
Employee Count: 10001+
Year Founded: 1856
Industries: Banking ⋅ Consulting ⋅ Credit ⋅ Financial Services ⋅ Insurance