Quantitative Lead

Overview:

Independently implements, executes, and analyzes quantitative/econometric models and their outputs used for credit risk,

balance sheet, and income statement in support of capital planning. May supervise the work of interns and/or lead teams, providing performance feedback to management as appropriate.

Provides guidance and direction to less experienced personnel.

Primary Responsibilities:

• Lead the implementation of quantitative models used for credit risk, balance sheet, and income statement in support of capital planning, including but not limited to, loan delinquency, default and loss models, loan prepayment and utilization models, deposit attrition models, PPNR models and financial instrument valuation methods.

• Prepare, manage and analyze large customer loan, deposit, or financial data sets for statistical analysis in Structured Query Language (SQL) or similar tool to properly implement models and analyze model outputs to understand customer or Bank behavior for the purposes of capital adequacy assessment and capital risk management. Understand the context of the Bank's data and businesses to ensure properly developed models.

• Execute models in production environment; communicate analytical results to Bank-wide stakeholders. Track portfolio dynamics, model forecasts, and risk strategy results. Incorporate observations and data to improve operation efficiency.

• Develop, maintain, and manage satisfactory implementation documentation, including process narratives, quality control and workflow guidelines to serve as reference source.

• Provide guidance and direction to less experienced personnel regarding all aspects of data and financial analysis and model implementation.

• Conduct business in compliance with regulatory guidance including SR (Supervision and Regulation Letters) 10-1, SR 10-6, SR 11-7, Enhanced Prudential Standards, etc. Adhere to applicable compliance/operational/model risk controls and other second line of defense and regulatory standards, policies and procedures.

• Serve as lead in managing capital planning projects and initiatives under guidance and direction of management. Present data, results and/or recommendations to senior management as necessary. May lead teams on either a project or full-time basis, providing performance feedback to management as appropriate.

• 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

• 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.

[For managerial positions] Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.

[For SAFE Act registered positions] Responsible for meeting and maintaining registration requirements under the Federal SAFE Act.

Scope of Responsibilities:

The position serves as team lead in use of programming languages to analyze Bank datasets and implementation and execution of quantitative models. It is important for the position to communicate with clear narratives, compelling data visualization and technical precision, both in-person and in writing, to enable audiences to understand analysis and forecasts. The position partners and collaborates with colleagues in related functions and business lines to implement and understand models for Bank use. The position often leads team-based projects related to model implementation and execution. This role is highly technical in nature and requires demonstrated attention to detail, execution, and follow-up on multiple initiatives within capital planning and across the Bank. The ability to identify, analyze, rationalize, and communicate complex business, data and statistical problems and recommend corresponding solutions while directing the work of others on the team is a key factor of success in this role. The position may supervise the work of interns and/or lead teams of up to three individual contributors, providing performance feedback to management as appropriate. The position also provides guidance and direction to less experienced personnel

Education and Experience Required:

• Bachelor's degree and a minimum of 4 years' proven quantitative behavioral modeling experience, or in lieu of a degree, a combined minimum of 8 years' higher education and/or work experience, including a minimum of 4 years' proven quantitative behavioral modeling experience
• Minimum of 4 years' on-the-job experience with pertinent programming languages (SAS, Python, R, or similar languages)
• Minimum of 4 years' on-the-job experience with data management environment, such as SQL Server Management Studio
• 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:

• Masters' of Science or Doctorate degree in statistics, economics, finance or related field in the quantitative social, physical or engineering sciences, with proven coursework proficiency in statistics, econometrics, economics, computer science, finance or risk management
• Minimum of 5 years' statistical analysis programming experience Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) designation
• Fluency and high proficiency in econometric/statistical techniques, especially time-series analysis, panel data methods and logistic regression
• Experience in balance sheet management and mathematical modeling of financial instruments offered by banks
• Knowledge and familiarity with key aspects of model risk management and quality control, including SR-11-7 guidance on model risk management
• Proven track record for being able to work autonomously and within a team environment
• Proven leadership skills
• Strong desire to learn and contribute to a group
• Previous experience leading and directing the work of less experienced personnel

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Location
Buffalo, New York, United States of America