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Senior Model Risk Analyst - Validation (REMOTE)

Company: M&T Bank Corporation
Location: Bridgeport
Posted on: August 7, 2022

Job Description:

Overview: This position is able to sit 100% remote anywhere in within the US. The Senior Model Risk Analyst is responsible for review and validation of models used by various groups at M&T for varied purposes, including capital stress testing, risk measurement, pricing and profitability, and management decision-making. Under minimal supervision, this position is responsible for the validation of more complex models. May specialize in certain products or functional category of models. May provide work leadership to 1-2 model risk validation analysts. Primary Responsibilities: As individual contributor, be the domain expert and perform review and validation of complex models used throughout the organization for capital stress testing, risk measurement, pricing and profitability, and management decision making. May manage and review validation of models completed by analyst team. Perform review and validation of more complex models used throughout the organization for capital stress testing, risk measurement, pricing and profitability, and management decision making. Perform model validation studies and risk analysis assessment in order to maintain maximum protection of the bank's assets; investigate any incident that may result in asset loss and compile findings for Senior Management review. Facilitate sourcing of effective challenge and validation: Advise/confirm scope of more in depth internal or external validation where applicable Coordinate and manage the engagement of third parties who perform validation; and review the results of third party validation. Perform 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 Recommend, as necessary, the cessation of reliance on models that are outdated or inaccurate, as determined by analysis. Provide effective challenge during model development and throughout the life cycle of the model. Prepare reporting for Management to monitor performance of models. Lead meetings with model owners to discuss current portfolio tracking and business observations. Maintain an awareness of new trends and developments related to standard concepts, practices, and procedures within the model validation/risk analytics field. Develop ad hoc processes to address efficiency gains that translate into repeatable procedures. Prepare written summary and analysis of all validation work, using a combination of word processing and presentation software skills. Influence managerial type factors such as staffing, performance appraisals, promotions, salary recommendations and terminations. Oversee training and development of junior level analysts. Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies. Promote an environment that supports diversity and reflects the M&T Bank brand. 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. Scope of Responsibilities: This position is responsible for the day-to-day function of the model validation function and requires a thorough knowledge of business, applicable regulations and affiliated technology. The incumbent must be able to plan, organize and supervise work of staff and produce results. This position 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 process. Supervisory/ Managerial Responsibilities: May provide work leadership to one or more model risk validation analysts. Education and Experience Required: Master's degree in Mathematics, Statistics, Business Engineering, Econometrics, or Science-based discipline, plus 4 year' experience in developing or validation models, inclusive of 1 year management experience or in lieu of degree, a combined minimum of 9 years' higher education and/or work experience, with a minimum of 4 years' experience in Banking, Risk, Finance, Audit or Compliance, inclusive of 1 year of supervisory experience. Technical knowledge of advanced software packages used in analytics. (e.g., SAS, STATA, R, Python) Planning and organizational abilities, including the ability to manage multiple tasks, anticipate and set priorities, and to apply sound business judgment to tasks and decision making. General understanding of credit risk and/or market risk concepts. Able to work proactively and independently as well as in a collaborative team environment. Thorough attention to detail and documentation. Ability to quickly assimilate and analyze new regulations and information. Excellent mathematical, analytical, and communication (both written and oral) skills. Education and Experience Preferred: Ph.D. Ability and willingness to learn about a wide variety of topics and develop a variety of skills. Thorough knowledge of Microsoft Office suite. Able to guide a cohesive team. Use of abstract thinking to deal with intangibles and uncertainties. Functional with database development, maintenance, and extraction of data for reporting. Demonstrated ability to meet deadlines. Thorough attention to detail and documentation Relies on experience and judgment and collaboration with peers to plan and accomplish goals. Compensation Range: Annual(USD): 103,042.00 - 191,366.00

Keywords: M&T Bank Corporation, Bridgeport , Senior Model Risk Analyst - Validation (REMOTE), Accounting, Auditing , Bridgeport, Connecticut

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