The Manager, Commercial Scorecard & Risk Rating Modeling is responsible for leading the strategic design, development, implementation, governance, validation support, maintenance, and ongoing enhancement of the Bank’s Commercial Risk Rating and Scorecard Models used for credit risk management, portfolio monitoring, regulatory compliance, capital management, and other enterprise-wide initiatives. Establishes the long-term vision and roadmap for commercial credit risk modeling frameworks, ensuring models remain robust, predictive, compliant, and aligned with evolving business objectives and regulatory expectations. Provides subject matter expertise and leadership for the Bank’s commercial underwriting and risk quantification models, with particular focus on Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), and risk rating scorecards. Oversees the full model lifecycle, including model development, calibration, performance monitoring, back-testing, testing, implementation, documentation, governance, and continuous improvement.
The Commercial Scorecard 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. 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.
This role is highly technical in nature and requires demonstrated attention to detail execution and follow up on multiple initiatives within the Credit Risk department. 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.
Direct management responsibility for 3 – 10 Quantitative Credit Risk Management Analysts and Modelers. May have direct management responsibility for other Quantitative Risk Managers
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $180,900.00 - $301,500.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.
Bridgeport, Connecticut, 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.
