Title: Model Risk Analyst – Validation
Job Location: One M&T Plaza, Buffalo, NY 14203.
Ensure the accuracy, reliability, and compliance of models in accordance with Company or regulatory standards and policies. Perform validation and analysis of expert judgment or qualitative factors that augment quantitative models. Analyze financial data, trends, and regulations to identify potential opportunities for improvement. Develop new models to address changing risk environments. Monitor model performance, prepare reports for internal and external stakeholders, and document findings. Stay abreast of industry best practices and regulatory changes. Provide guidance and advice to other departments regarding model risk management. Prepare written summary and analysis of all validation work, using a combination of word processing and presentation software skills.
Minimum requirements: Master’s degree (or foreign equivalent) in Applied Mathematics, Computing, Data Science, Materials Science, or related STEM field of study plus three (3) years of experience as a Model Risk Analyst, Data Scientist, Quantitative Analyst, Product Developer, or related occupation.
Requires Three (3) years of experience in each of the following:
Skills can be gained through graduate-level coursework.
Salary: $91,463.04-$101,463.04 per year
Buffalo, New York, United States of America
Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. Founded in 1856 in Buffalo, NY we are now a top 11 full-service US-based commercial bank with a retail footprint across the east coast and wealth services available nationwide and abroad. As a bank, we offer advice, guidance, expertise, and solutions across the entire financial spectrum that combines M&T’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. We are a community-minded organization with more than 167 years of experience. We serve customers, community, and colleagues whether they be across the street, across the state or across the country.
As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values drive the work we do – integrity, ownership, collaboration, curiosity, candor and we seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members.
M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws.
