Career Search

Validation Analyst I - Model Risk - 3DG3P in Buffalo, NY at M&T Bank

Date Posted: 6/6/2018

Job Snapshot

Job Description

Together, M&T Bank and Wilmington Trust, a part of M&T Bank Corporation, represent one of the country’s leading depository and lending franchises, a premier wealth advisory firm, and the partner of choice for corporate transactions and structures.  As one of strongest, most successful companies in the U.S financial services industry, M&T continues to grow, offering value to our shareholders and opportunity to qualified professionals.  M&T Bank Corporation is one of the 20 largest commercial bank holding companies headquartered in the United States. With over 17,000 employees and more than 700 branches, M&T serves more than two million consumer households and commercial clients.

Validation Analyst I  - Model Risk Management

Location: Buffalo, NY Headquarters

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 supervision, this position is responsible for the validation of the less complex models.
Perform review and validation of models used throughout the organization for capital stress testing, risk measurement, pricing and profitability, and management decision making.
Perform model validation studies on 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 Management review.
Facilitate sourcing of effective challenge and validation:
Advise/confirm scope of more in depth internal or external validation, where applicable;
Coordinate the engagement of third parties to 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Recommend, as necessary, the cessation of reliance on models that are outdated or inaccurate, as determined by analysis.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.
Participate in meetings with model owners to discuss current portfolio tracking and business observations.
Develop knowledge on standard concepts, practices, and procedures within the model validation/risk analytics field.
Mine data from a variety of sources; Utilize technical skills to manage data and efficiently conduct analyses.
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.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.
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.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Complete other related duties as assigned.
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.
Bachelor’s degree in Mathematics, Statistics, Business, Engineering. Econometrics or Science-based discipline with a minimum of one year’s experience in model development or validation role.
Demonstrated technical knowledge of advanced software packages used in analytics. (e.g., SAS, STATA, R)
Master’s degree preferred
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 work as a cohesive member of a team
Strong mathematical, analytical and communication (both written and oral) skills
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
Given limited experience, relies on judgment to plan and accomplish goals
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.