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Quantitative Credit Risk Manager - 3DEJ3 in Buffalo, NY at M&T Bank

Date Posted: 4/16/2018

Job Snapshot

Job Description

THE OPPORTUNITY:
Manage the statistical analysis and creation and maintenance of statistical models, including Regression and Multivariate models. Support Quantitative Risk and Credit Risk Management in data analysis and model construction. Provide oversight and expertise in the model creation, testing and validation. Develop and integrate model strategy to support business initiatives and regulatory compliance.

POSITION RESPONSIBILITIES:
Assist Credit Risk Management is setting the Quantitative analytics and modeling strategy approaches employed the Quantitative Risk Analysis unit.
Coordinate the analyses of origination, financial, demographic, behavioral, market and economic data as related to credit risk management. Interpret results, present finding and craft recommendations to Senior Management.
Define, develop and implement strategies for underwriting to include policies for automated decisions of credit applications.
Work closely with internal and external business partners to develop and implement strategies for optimal pricing of the risk/reward equation with the end goal of maximizing profitability.
Interface with a wide range of internal customers, including executive management, to explain the benefits, limitations, assumptions and requirements for proposed scorecards, solutions and strategies.
Oversee the development and implementation of performance metrics, reporting and analyses to support data-driven decision making and forecasting.
Oversee the development and implementation of delinquency, loss and recovery forecasts.
Act as a liaison for all Quantitative Risk Management projects for Senior Management related to Product teams, Underwriting functions, Customer Asset Management and recovery teams, external consultants, vendors and peer banks on facets of quantitative risk management.
Manage the output of Quantitative Analysts and Modelers, and track the development of their statistical modeling acumen in areas such as segmentation analysis, logistic regression, decision trees and multivariate analysis.
Consult with internal businesses with the ongoing management and validation of their scores and score-based strategies.
Specify and model the relationship between appropriate macroeconomic factors and credit risk outcomes such as losses and delinquencies. Analyze and present findings to Senior Management.
Define, develop and deploy best credit risk practices and infrastructure bank-wide.
Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
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.

NATURE AND SCOPE:
This role is highly technical in nature and requires demonstrated attention to detail, execution and follow up on multiple initiatives within the Credit Risk department. 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. A strong understanding of the credit lifecycle is critical to the success of an incumbent in this role.

MANAGERIAL/SUPERVISORY RESPONSIBILITY:
Direct management responsibility for 3– 10 Quantitative Credit Risk Management Analysts and Modelers. May have direct management responsibility for other Quantitative Risk Managers.

MINIMUM QUALIFICATIONS REQUIRED:
Bachelors’ degree and a minimum of 10 years’ related experience (inclusive of 4 years supervisory/management experience) or in lieu of a degree, a combined minimum of 14 years’ higher education and/or work experience, including a minimum of 10 years’ related experience (inclusive of 4 years supervisory/management experience).
-OR-
Master’s degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline and a minimum of 8 years’ related experience (inclusive of 4 years supervisory/management experience) or in lieu of a degree, a combined minimum of 14 years’ higher education and/or work experience, including a minimum of 8 years’ related experience and/or (inclusive of 4 years supervisory/management experience).

IDEAL QUALIFICATIONS PREFERRED:
PhD in Mathematics, Statistics, Quantitative Analysis or another technical discipline plus 7 years of relevant experience.
5 years of Banking or Financial Services experience.
Experience with SAS, SAS Enterprise Miner and other Statistical Software Packages.
Advanced Knowledge of SQL and Microsoft Office.
Ability to utilize analytics in a collaborative manner across business functions and product lines to derive optimum solutions.
Demonstrated ability to communicate complex concepts.
Demonstrated ability to manipulate and analyze data across large databases.
Demonstrated understanding of operational and compliance drivers in the Risk Management framework.

ABOUT M&T
At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.