Model Risk Senior Analyst - Validation

Overview:

Responsible for conducting day-to-day model validation activities. Interact with internal and external stakeholders/vendors to manage Model Risk and maximize shareholder return. 

Will interact with model specific lines of business and support areas.

Primary Responsibilities:

• Conduct the independent review and validation of select models used in the organization, focused on assessing risk and validating specific categories of models across the Bank, and ensure compliance with SR 11-07.
• Responsible for assessing model’s conceptual soundness, performance testing, theorical foundation, implementation, and ongoing monitoring. 
• Independently replicate the model and performance additional testing.
• Conduct the validation and analysis of expert judgment or qualitative factors that augment quantitative models; review to confirm proper controls and adequate documentation are in place.
• Compose validation reports that comply with M&T’s model risk policy and standard.
• 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.

Scope of Responsibilities:

Responsible for day-to-day model validation activities. Plan, organize, and produce results. Interact with internal and external stakeholders/vendors to manage Model Risk and maximize shareholder return. 

Will interact with specific lines of business and/or support areas, including Credit Risk, Finance, Treasury, and Mortgage, to manage model risk.

Education and Experience Required:

Master's or Doctoral Degree in Mathematics, Statistics, Business Engineering, Econometrics, or Science-based discipline,

Plus 4 years’ experience in model development or validation, with a combined minimum of >5 years’ higher education and relevant work experience.

Technical knowledge of advanced software packages used in analytics.

Education and Experience Preferred:

Knowledge in machine learning models (XGBoost, Ridge, Lasso, random forest).

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $0.00 - $0.00 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.

Location

Marcellus, New York, United States of America