• Model Risk Analyst I

    M&T Bank (Buffalo, NY)


    **Title:** Model Risk Analyst I

    **Job Location:** One M&T Plaza, Buffalo, NY 14203

    **Job Description:** Conduct an 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 the model’s conceptual soundness, performance testing, theoretical foundation, implementation, and ongoing monitoring; Independently replicate the model and perform additional testing; Conduct a 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; and 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.

    **Minimum requirements:** Master’s degree, or foreign equivalent, in Mathematics, Statistics, Quantitative Finance, Econometrics, or related technical field plus two (2) years of experience in the job offered or as Quantitative Model Analyst, Data Analyst, Financial Analyst, Data Science Analyst or related occupation. The employer will alternatively accept a Bachelor’s degree, or foreign equivalent, in Mathematics, Statistics, Quantitative Finance, Econometrics, or related technical field plus four (4) years of experience in the job offered or as Quantitative Model Analyst, Data Analyst, Financial Analyst, Data Science Analyst or related occupation. Requires two (2) years of experience using Python, SAS, or SQL statistical software packages or tools and one (1) year of experience with each of the following: conducting independent review and validation of models; assessing risk and validating specific categories of models; capital stress testing, risk measurement, pricing and profitability, and management decision-making; ensuring compliance with SR 11-07.

    **Salary:** $91,656.93 - $101,656.93

     

    Location

     

    Buffalo, New York, United States of America

     

    M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.