Senior Credit Model Development Quantitative Modeling Manager - Commercial Credit Portfolios (Hybrid)

Manager of Quantitative Analysts and Modelers

This is a manager of direct reports position and requires in-office work three days every week. The position can be based at an M&T office in Bridgeport, CT, Buffalo, NY, Iselin, NJ, Baltimore, MD, or Washington, DC. There may be an opportunity for remote work if the finalist is not near an M&T office.

Overview

Manages a team of quantitative analysts and modelers within Treasury to support data, systems and forecasting needs of Treasury's credit, interest rate risk, liquidity risk, CCAR (Comprehensive Capital Analysis and Review) / stress testing and economic capital practices. Assists with directing daily and long-range strategic direction of the group to support business initiatives and regulatory compliance.

Primary Responsibilities

• Lead teams in analysis of origination, credit, financial, demographic, behavioral, market and economic data pertinent to the Bank's customers, portfolios and products.
• Manage the end-to-end model development and implementation process for behavioral models supporting the firm's credit risk management, interest rate risk, liquidity risk, stress testing and economic capital practices.
• 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.
• Work closely with internal and external business partners to develop and implement strategies for optimal pricing, underwriting or funding strategy.
• Develop and implement performance metrics, reporting and analyses using models to support data-driven decision-making and forecasting.
• Manage knowledge of Bank-specific and industry data sources necessary to support quantitative analytical and modeling efforts.
• Manage satisfactory model documentation, including process narratives and performance monitoring guidelines.
• Serve as subject matter expert for all Treasury projects for senior management.
• Maintain a current knowledge of standard concepts, best practices and procedures within current behavioral / econometric modeling practices.
• Mentor and supervise work of less experienced team members.
• Define, develop and deploy best risk management practices and infrastructure Bank-wide.
• Understand and adhere to the Company's risk and regulatory standards.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards.
• 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 Treasury. 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 experience. Minimum of 3 years' managerial experience (management of direct reports). At least 10 years of credit model experience including at least 3-5 years of recent hands on credit model development experience. Proven ability / demonstrated success in providing thought leadership & influencing enterprise wide modeling practices. Proven 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

Five or more years experience managing direct reports. Experience working for large financial institutions and / or consulting firms. Expertise in key aspects of credit model development for behavioral / quantitative models, including time series, scorecard, logistic regression, financial valuation or panel data models for commercial credit portfolios. 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. Strong leadership skills. Strong desire to learn and contribute to a group. Experience with pertinent statistical software packages (e.g. SAS, Python, Stata, R). Experience with data management environment, such as SQL Server Management Studio.

Compensation

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $180,900.00 - $301,500.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Bridgeport, Connecticut, United States of America

M&T Bank Corporation is an Equal Opportunity / Affirmative Action Employer, including disabilities and veterans.