Model Risk Analyst-Validation
Title: Model Risk Analyst - Validation Job Location: One M&T Plaza, Buffalo, NY 14203. Telecommuting permitted up to 40% of the week. Job Description: Review and validate models used by various groups within M&T Bank, including capital stress testing, risk measurement and prediction, pricing, forecasting, wealth management, marketing, compliance, profitability, and management decision-making. Perform full or targeted scope validations. Assess model performance and evaluate findings for remediation. Review development and execution codes. Research and evaluate model theory and design. Conduct independent analysis of model assumptions and outcomes. Determine the impact of model deficiencies or limitations. Review documentation and perform independent testing and benchmarking. Produce reports, memos, and presentations on reviews conducted. Participate in research projects, build benchmark models, present to management, and develop ad hoc processes for efficiency gains. Engage with regulators and audit members during process reviews. Validate complex models or aspects of models. Minimum requirements: Master’s degree in Finance, Mathematics, Statistics, Quantitative Finance, Econometrics, or a related quantitative field plus two (2) years of experience as a Quantitative Analyst, Statistician, Economist, Actuary Analyst or a related occupation. Requires one (1) year of experience in each of the following: Using one of the advanced software packages: SAS, Python, MATLAB, R, or STATA for analyzing large data sets and generate analysis reports; Using Excel for data visualization; Using PowerPoint for creating and delivering presentations with visuals and multimedia; Developing or validating statistical, financial, mathematical, econometric models, or other quantitative models used in financial services and banking; and Conducting research on statistical and econometric model theory and performing model evaluation analysis of financial models. Salary: $109,670.37- $ 119,670.37 per year Location Buffalo, New York, United States of America Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution. As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&T’s Human Capital Report to learn more. Ready to join our team? Submit your application today! If you are unable to apply through this site due to technical issues or need an accommodation to apply, please contact us at [email protected] for assistance. M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace. Career Site Privacy Notice Apply tot his job Apply To this Job