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Credit Risk Model Development Manager - (Hybrid/Remote)

Company: M&T Bank Corporation
Location: Bridgeport
Posted on: May 26, 2023

Job Description:

Credit Risk Model Development Manager - (Hybrid/Remote) page is loaded Credit Risk Model Development Manager - (Hybrid/Remote) Apply locations Bridgeport, CT time type Full time posted on Posted 5 Days Ago job requisition id R47581 Overview: Reporting to the Credit Modeling and Analytics Manager, this role will lead the data, systems and modeling needs of Commercial Risk Rating models (Scorecards, Behavioral, etc) utilized for credit risk management or other enterprise initiatives. This role may also support model development initiatives in the loss forecasting, CCAR (Comprehensive Capital Analysis and Review)/stress testing and economic capital practices. This role will have supervisory (statisticians/modelers/coders) responsibilities. Primary Responsibilities:

  • Manage the development, implementation and maintenance of Commercial PD and LGD credit risk and/or behavioral models using internal/external data/environment, next gen technologies and agile modeling principles.
  • Work with a wide range of internal customers, including executive management, to explain the benefits, limitations, assumptions and requirements for proposed models, scorecards and forecasts.
  • Define, develop, and implement best practices in support of data & analytics projects to drive consistency and standardization of data usage and analytics practices
  • Develop and maintain modular software libraries that can serve to speed up the model development process.
  • Support less experienced team members and assist in the development of their technical and professional acumen.
  • Develop and implement performance metrics, reporting and analyses using models to support data-driven decision-making and forecasting for the firm's customers, products and portfolios.
  • Manage knowledge of Bank-specific and industry data sources necessary to support quantitative analytical and modeling efforts. Serve as liaison across Bank-wide stakeholders to ensure appropriate data sourcing for projects.
  • Manage satisfactory model documentation, including process narratives and performance monitoring guidelines to serve as reference source. -
  • Lead engagements with colleagues during the model development effective challenge process with Model Risk Management for model validation exercises.
  • Maintain a current knowledge of standard concepts, best practices and procedures within behavioral/econometric modeling practices to apply these to internal practices as appropriate.
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. Identify risk-related issues needing escalation to management.
  • Conduct long- and short-term research on economic and industry trends to develop what if tools/scenarios and support early warning triggers.
  • 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 role is highly technical in nature and requires strong attention to detail, execution and follow-up on multiple initiatives within Credit. The ability to identify, analyze, rationalize and communicate complex business problems and recommend solutions is a key factor of success in this role. Success in this role requires the ability to use analytics in a collaborative effort across multiple functions and products to derive optimum solutions to business problems. This position interacts with most business and functional areas of the Bank, as well as with vendors, risk management consultants and supervisory bodies. The position also has occasional informational/educational meetings with internal and external customers. The position supervises the work and leads/manages teams of individual contributors, providing objective-setting, developmental opportunities and performance feedback as appropriate. Education and Experience Required: Bachelor's degree in statistics, economics, finance or related field in the quantitative social, natural, physical or engineering sciences, with proven coursework proficiency in statistics, econometrics, economics, computer science, finance or risk management and a minimum of 9 years' proven quantitative behavioral modeling experience, or in lieu of a degree, a combined minimum of 13 years' higher education and/or work experience, including a minimum of 9 years' proven quantitative behavioral modeling experienceMinimum of 3 years' managerial experienceProven experience managing and analyzing large data sets and explaining results of analysis through concise written and verbal communication as well as charts/graphs Education and Experience Preferred: Masters/PhD in Mathematics, Statistics, Quantitative Analysis or another technical discipline is a plusKnowledge and familiarity with key aspects of model risk management and model validation, including SR-11-7 guidance on model risk managementProven track record for being able to work autonomously and within a team environmentStrong leadership skillsKnowledge of principles of software development cycle (requirements analysis, version control, unit tests, etc.) also useful.Experience with pertinent BI Analytics Tools (e.g. Tableau, Qlikview, PowerBI)Experience with data management environment, such as SQL Server Management StudioCompensation Range:Annual(USD): 162,020.25 - 270,033.75 Similar Jobs (3) Senior Credit Modeling & Analytics Manager - (Hybrid/Remote) locations Bridgeport, CT time type Full time posted on Posted 5 Days Ago Quantitative Credit Risk Analyst Lead (hybrid - Bridgeport CT) locations Bridgeport, CT time type Full time posted on Posted 5 Days Ago About Us At M&T Bank, we make a difference in people's lives. For more than 160 years, we've been providing our customers with guidance and financial solutions, leading our communities through challenges and growth opportunities, and empowering our employees to build purpose-driven careers.Our talent and culture set us apart. Our core values drive the work we do - integrity, ownership, collaboration, curiosity, candor. We seek to further build upon our record of success by bringing in diverse talents and fresh skill sets while supporting the growth and development of all team members. At M&T, we are a talent and people driven organization. Take a peek inside M&T's Human Capital Report to learn how it feels to be one of our 17,000+ employees. We are constantly renewing. Our future success relies on our ability to understand what's important to our customers and use that understanding to build new and innovative customer experiences.We support our employees every step of the way.
    • Competitive compensation
    • Full medical & dental benefits, Heath Savings & Flexible Spending Accounts, and life/disability insurance
    • Generous paid time off (PTO) plus 11 paid holidays and an option to buy additional PTO
    • 401(k) match at 5% with options for Roth and discretionary employer contributions
    • A deep commitment to equity, including 14 resource group charters, a D&I sponsorship program, 40 annual paid volunteer hours and more
    • Various options for tuition assistance, paid parental leave, stock purchase, wellness and employee discountsWe need you. Are you ready to join us? Apply today to start the journey.If you are unable to apply through this site due to technical issues or are in need of an accommodation to apply, please contact us at for assistance.M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.

Keywords: M&T Bank Corporation, Bridgeport , Credit Risk Model Development Manager - (Hybrid/Remote), Accounting, Auditing , Bridgeport, Connecticut

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