Credit Model Development Quantitative Expert

**** Work Arrangement/

Location:

This is a hybrid position requiring in-office work three days every week. Ideally the position will be based in Buffalo, NY but may be in an M&T office in Buffalo, NY, Baltimore, MD, Bridgeport, CT, Wilmington, DE, Iselin, NJ, Washington, DC, Iselin, NJ, or possibly NY, NY.

There is potential for a remote work arrangement, within the United States, if the final candidate is not near one of the above locations or another M&T corporate office.

Independently develops, implements, maintains, analyzes, and manages quantitative/econometric behavioral models used for credit risk, interest rate risk, and liquidity risk management, as well as balance sheet and capital planning. Serves as Bank-wide or industry expert in key area(s) of quantitative risk management, provides mentoring, training, and guidance to less experienced analysts, and may lead/manage teams on a project basis, offering performance feedback to management as appropriate.

• Lead research and development of quantitative behavioral models used for credit risk, interest rate risk, and liquidity risk management, as well as balance sheet and capital planning, including but not limited to loan delinquency, default and loss models, loan prepayment and utilization models, deposit attrition 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 tools to properly specify and estimate econometric models to understand customer or Bank behavior for the purposes of credit, interest rate, liquidity, or stressed capital risk management. Understand the context of the Bank’s data and businesses to ensure properly developed models.
• Run regressions (including time series and logistic regression), programming routines, and other econometric analyses to specify models using appropriate statistical software; communicate results, including graphic and tabular forms, to fellow team members, Treasury management, and Bank-wide stakeholders, including the business lines and Risk Management colleagues to demonstrate key risk drivers and dynamics of model output.
• Execute models in production environment; communicate analytical results to Bank-wide stakeholders. Track portfolio performance, model performance, campaign tracking, and risk strategy results. Incorporate observations and data into existing models to improve predictive results.
• Develop, maintain, and manage satisfactory model documentation, including process narratives and performance monitoring guidelines to serve as a reference source.
• Lead financial analysis and data support to other groups or departments across the Bank as required, serving as a Bank-wide expert in areas of quantitative risk management. Lead engagements with colleagues in Model Risk Management for model validation exercises.
• Provide guidance and direction to less experienced personnel regarding all aspects of data and financial analysis and the development and management of predictive statistical models.
• 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 Treasury projects and initiatives under guidance and direction of management. Present data, results and/or recommendations to Senior Management as necessary. May lead teams on a project 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.
• 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…