• Model Risk Quant Analytics Manager

    KeyBank (Charlotte, NC)


    Location:

    100 Public Square - Cleveland, Ohio 44113

     

    Model Risk Quant Analytics Manager

     

    We are seeking a skilled and forward-thinking Model Risk Quant Analytics Manager to lead validation efforts across market risk, IRRBB, and liquidity models for one of the top 25 derivatives banks. This role plays a key part in strengthening the bank’s risk framework and driving innovation through AI/ML. In today’s environment of heightened rate volatility, inverted yield curves, and uncertain monetary policy, yield curve strategies are more critical than ever for managing interest rate risk and preserving bank profitability. The ability to accurately model customer behavior – such as deposit stickiness, loan prepayments, and product repricing – is increasingly complex and requires a robust model risk management framework.

    Key Responsibilities:

    + Market Risk & Derivatives Models: Validate models across trading desks, ensuring alignment with regulatory standards and internal risk frameworks. Focus on pricing accuracy for vanilla and exotic derivatives.

    + IRRBB Modeling: Lead validation of IRRBB models, addressing volatility in interest rates and behavioral modeling complexities. Enhance model governance and scenario analysis.

    + Liquidity Risk Models: Oversee validation of liquidity models used for stress testing and funding risk, ensuring resilience under adverse conditions.

    + AI/ML Innovation: Explore and apply AI/ML techniques to develop challenger models and improve validation efficiency and model performance.

    Qualifications:

    + Deep expertise in market risk, stochastic modeling, and IRRBB frameworks

    + Strong understanding of behavioral assumptions and hedging strategies

    + Experience with platforms like Calypso, QRM, Bloomberg

    + Proven ability to lead cross-functional teams and communicate complex concepts clearly

    Required Qualifications:

    + Master’s degree in statistics, mathematics, economics, financial engineering, data sciences, predictive modeling, or other quantitative disciplines and at least 5 years of relevant experience; or Bachelor’s degree in statistics, mathematics, economics, financial engineering, data sciences, predictive modeling, or other quantitative disciplines and at least 6 years of relevant experience

     

    Join a team committed to advancing model risk management through innovation and rigorous analytics.

    COMPENSATION AND BENEFITS

    This position is eligible to earn a base salary in the range of $135,000 to $145,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

     

    Please click here (http://www.key.com/kco/images/Key\_Benefit\_Eligibility\_Chart.pdf) for a list of benefits for which this position is eligible.

    Job Posting Expiration Date: 10/19/2025

    KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

     

    Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing [email protected].

     

    KeyBank is an organization collectively committed to helping you unlock your potential and discover what truly drives you. Working here means sharing our purpose to help our clients, colleagues, and communities thrive. You’ll find genuinely supportive teammates, a flexible, inclusive work environment, challenging projects, accessible leaders, and opportunities to grow in your position and your career. For 200 years, Key has opened doors in our communities. Let us open one for you.