Business Banking Credit Risk Oversight - Quantitative Risk Analyst Expert

M&T Bank; Wilmington (DE); On-site; USD 141,000 - 236,000; Full time

Job summary

An established industry player is seeking a skilled Quantitative Analyst to perform advanced data analysis and support the creation of statistical models. This role involves leading a team, mentoring junior analysts, and utilizing tools like SQL and SAS to provide analytical support for risk management. The successful candidate will have a strong background in Banking or Financial Services and the ability to communicate complex concepts effectively. Join a collaborative environment where your insights will drive business initiatives and regulatory compliance.

Qualifications

• Minimum of 7 years relevant experience in Banking or Financial Services.
• Demonstrated ability to communicate complex concepts effectively.

Responsibilities

• Lead Quantitative Analysts in data evaluation with a risk management focus.
• Mentor junior team members in statistical modeling techniques.

Skills

SQL

SAS

Microsoft Excel

Statistical Analysis

Data Manipulation

Risk Management

Data Analysis

Education

Bachelor’s degree

Master’s degree in Mathematics or Statistics

Tools

SAS Enterprise Miner

Statistical Software Packages

Microsoft Office

Job description

Overview:

Perform advanced data and statistical analysis in support of the creation and maintenance of statistical models, including Regression and Multivariate models. Support unit (dept.) in data analysis and model construction. Provide oversight and expertise in the model creation, testing and validation. Develop and integrate model strategy to support business initiatives and regulatory compliance.

Primary Responsibilities:

• Lead Quantitative Analysts in establishing, monitoring, evaluating and interpreting data with a risk management focus with an understanding of business strategy.
• Mentor and may supervise the work of junior team members and assist in the development of their statistical modeling acumen in areas such as segmentation analysis, logistic regression, decision trees and multivariate analysis.
• Employ working knowledge of Credit Risk databases to provide data and analytical support to Senior Management.
• Perform data manipulation and analysis using SQL, SAS and Microsoft Excel and present results and recommendations to Credit Risk Management.
• Track portfolio performance and risk strategy results. Incorporate observations and data in to existing models to improve predictive results.
• Provide guidance and direction to lower level analysts regarding all aspects of data analysis and the construction of predictive statistical models.
• 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.
• 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.
• Complete other related duties as assigned.

Education and Experience Required:

Bachelor’s degree,
OR in lieu of degree,
A combined minimum of 11 years higher education and/or work experience to include a minimum of 7 years relevant experience.
-OR-
Master’s degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, with minimum of 5 years relevant experience or in lieu of degree, a combined minimum of 11 years higher education and/or work experience to include a minimum of 5 years relevant experience.

Minimum of 7 years relevant experience
Banking or Financial Services experience
Experience with SAS, SAS Enterprise Miner and other Statistical Software Packages.
Advanced Knowledge of SQL and Microsoft Office.
Ability to utilize analytics in a collaborative manner across business functions and product lines to derive optimum solutions.
Demonstrated ability to communicate complex concepts.
Demonstrated ability to manipulate and analyze data across large databases.

Education and Experience Preferred:

Credit Analysis experience.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $141,158.46 - $235,264.10 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. Location Bridgeport, Connecticut, United States of America