M&T Bank
Financial Services
CommercialScorecardQuantitativeManager
“Commercial Scorecard Quantitative Manager at M&T Bank. Skills: Commercial Risk Rating Models, Loss forecasting models, Probability of Default (PD) models, Loss Given Default (LGD) models, credit risk management, quantitative analysis. long-term strategic design, implementation, maintenance, testing and use of Commercial Risk Rating Models and Loss forecasting models. sets the strategic direction for the process of continuous enhancements”
What You'll Achieve.
utilize Commercial Risk Rating Models and Loss forecasting models for credit risk management or other enterprise initiatives; ensure compliance of models to all regulations; Monitor and report on performance of all models; ensure Rating models are fully integrated into the appropriate platform; ensure independent validation is scheduled; ensure that accurate and appropriate ratings are assigned; Define, develop and deploy best credit risk practices and infrastructure bank wide; maintain M&T internal control standards; Risk Ratings are utilized in many areas of the bank and are a key driver of many enterprise level decisions; mission critical information that is utilized internally across the organization and externally by the Bank Examiners, Outside Accountants, rating agencies and the investment community; ratings are also a key input into the loss forecasting models utilized for the CCAR process; Loss Forecasting models are used in Capital Plan submissions that are a critical component of sound Bank management and are subject to regulatory scrutiny under DFAST regulations
Industry & Context.
analytical; financial; statistical; model development skills; identify, analyze, rationalize and communicate complex business problems and recommend solutions
Act as a key contact for outside parties (bank examiners, auditors)
What They're Looking For.
Must Have
Bachelor's degree and a minimum of 7 years' relevant work experience, or in lieu of a degree, a combined minimum of 11 years' higher education and/or work experience, including a minimum of 7 years' relevant work experience, Quantitative skills including analytical, financial, statistical and model development skills, Excellent Verbal and written communication, cross functional collaboration and management skills, Ability to communicate complicated statistical concepts to a broad audience in a non-technical manner
Nice to Have
PhD in Mathematics, Statistics, Quantitative Analysis or another technical discipline, Knowledge of Commercial Loan analysis techniques is strongly preferred
What You'll Do.
long-term strategic design
testing and use of Commercial Risk Rating Models and Loss forecasting models
sets the strategic direction for the process of continuous enhancements
Development and Maintenance of the framework for Commercial PD and LGD credit risk models
Development and Maintenance of assigned Commercial Loss Forecasting and Stress Testing models
Ensure compliance of models to all regulations
Monitor and report on performance of all models
Determine when redevelopment or recalibration is needed
Conduct internal validation and back testing of all models
Manage the output of Quantitative Analysts and Modelers
track the development of their statistical modeling acumen
Develop and maintain a regimen of training to all users of the Rating scorecards
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
Develop strategies and techniques for modeling commercial credit risk in areas new to the organization
Analyze and present findings to Senior Management
develop and deploy best credit risk practices and infrastructure bank wide
Execute ad hoc analysis or projects assigned by the Credit Risk Manager
Adhere to applicable compliance/operational risk controls
Maintain M&T internal control standards
Complete other related duties as assigned
How You'll Work.
Team & Collaboration
Partner with Centralized Technology; Partner with MROC; communicate to business lines, legal, compliance, risk committee, and all interested parties; Interface with a wide range of internal customers, including executive management; cross functional collaboration; collaborative effort across multiple functions and products
Communication Scope
Excellent Verbal and written communication; Ability to communicate complicated statistical concepts to a broad audience in a non-technical manner; communicate all models; present models to committee; communicate to business lines; explain the benefits, limitations, assumptions and requirements for proposed credit risk models; Analyze and present findings to Senior Management
Process & Methodology
track the development of their statistical modeling acumen, follow up on multiple initiatives
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