Oversee the development and maintenance of credit risk models, ensure compliance, validate performance, and manage a team of analysts.
Overview:
Responsible for the long-term strategic design, implementation, maintenance, testing and use of Commercial Risk Rating Models and Loss forecasting models utilized for credit risk management or other enterprise initiatives and sets the strategic direction for the process of continuous enhancements. Particular emphasis is the Bank’s commercial Probability of Default (PD) and Loss Given Default (LGD) models. Act as a key contact for outside parties (bank examiners, auditors) on M&T’s Commercial Credit Risk Rating structure and process. Also, responsible for keeping up to date with industry’s best practice and changes in the field of commercial risk ratings.
Primary Responsibilities:
The Commercial Scorecard Management group is a critical component of the Credit Risk Department. Risk Ratings are utilized in many areas of the bank and are a key driver of many enterprise level decisions such as the level of the Allowance for Loan and Lease losses, determining levels of Approval Authority and Asset Quality Metrics. This is mission critical information that is utilized internally across the organization and externally by the Bank Examiners, Outside Accountants, rating agencies and the investment community. The ratings are also a key input into the loss forecasting models utilized for the CCAR process that are subject to regulatory scrutiny under DFAST regulations.
This role is highly technical in nature and requires demonstrated attention to detail execution and follow up on multiple initiatives within the Commercialdepartment. 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.
A strong understanding of Commercial Loan underwriting, loan structuring and credit analysis is critical to the success of an incumbent in this role.
Supervisory/ Managerial Responsibilities:
Direct management responsibility for 2-5 Quantitative Credit Risk Management Analysts and Modelers. May have direct management responsibility for other Quantitative Risk ManagersEducation and Experience Required: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 experiencePreferred Skills:Quantitative skills including strong analytical, financial, statistical and model development skills.
Knowledge of Commercial Loan analysis techniques
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.
PhD in Mathematics, Statistics, Quantitative Analysis or another technical discipline is a plusM&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $107,500.00 - $179,100.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.LocationClanton, Alabama, United States of America
Responsible for the long-term strategic design, implementation, maintenance, testing and use of Commercial Risk Rating Models and Loss forecasting models utilized for credit risk management or other enterprise initiatives and sets the strategic direction for the process of continuous enhancements. Particular emphasis is the Bank’s commercial Probability of Default (PD) and Loss Given Default (LGD) models. Act as a key contact for outside parties (bank examiners, auditors) on M&T’s Commercial Credit Risk Rating structure and process. Also, responsible for keeping up to date with industry’s best practice and changes in the field of commercial risk ratings.
Primary Responsibilities:
- Development and Maintenance of the framework for Commercial PD and LGD credit risk models for the institution.
- 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.
- Partner with Centralized Technology to ensued that models are fully integrated into the appropriate platform which allows seamless delivery to the end user while providing for a stable and robust data capture process.
- Partner with MRM to communicate all models, ensure independent validation is scheduled, present models to committee, communicate to business lines, legal, compliance, risk committee, and all interested parties.
- Interface with a wide range of internal customers to explain the benefits, limitations, assumptions and requirements for proposed credit risk models, and scorecards, solutions and strategies to implement these models as applicable.
- Manage the output of Quantitative Analysts and Modelers and track the development of their statistical modeling acumen in areas such as segmentation analysis, logistic regression, decision trees and multivariate analysis.
- Define, 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 in accordance with Company or regulatory standards and policies. - Promote an environment that supports belonging 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.
- Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
The Commercial Scorecard Management group is a critical component of the Credit Risk Department. Risk Ratings are utilized in many areas of the bank and are a key driver of many enterprise level decisions such as the level of the Allowance for Loan and Lease losses, determining levels of Approval Authority and Asset Quality Metrics. This is mission critical information that is utilized internally across the organization and externally by the Bank Examiners, Outside Accountants, rating agencies and the investment community. The ratings are also a key input into the loss forecasting models utilized for the CCAR process that are subject to regulatory scrutiny under DFAST regulations.
This role is highly technical in nature and requires demonstrated attention to detail execution and follow up on multiple initiatives within the Commercialdepartment. 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.
A strong understanding of Commercial Loan underwriting, loan structuring and credit analysis is critical to the success of an incumbent in this role.
Supervisory/ Managerial Responsibilities:
Direct management responsibility for 2-5 Quantitative Credit Risk Management Analysts and Modelers. May have direct management responsibility for other Quantitative Risk ManagersEducation and Experience Required: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 experiencePreferred Skills:Quantitative skills including strong analytical, financial, statistical and model development skills.
Knowledge of Commercial Loan analysis techniques
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.
PhD in Mathematics, Statistics, Quantitative Analysis or another technical discipline is a plusM&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $107,500.00 - $179,100.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location.LocationClanton, Alabama, United States of America
Top Skills
Credit Risk Models
Decision Trees
Logistic Regression
Loss Forecasting Models
Multivariate Analysis
Quantitative Analysis
Statistical Modeling
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