Senior Quantitative Risk Analyst - BSA/AML

M&T Bank Corporation; Buffalo (NY); Hybrid; USD 86,000 - 143,000; Full time

Job summary

M&T Bank Corporation is seeking a quantitative professional to develop statistical and machine learning models in a regulated environment. You will work on data preparation, model development, testing, validation support, implementation and monitoring using Python and SAS.

The role collaborates with senior modelers and stakeholders across risk and technology to deliver analytically sound solutions compliant with internal controls and regulatory expectations. Buffalo-based hybrid position.

Qualifications

• Bachelor degree or higher in a technical field with quantitative focus.
• Master’s degree or equivalent experience preferred.
• 3+ years in Banking/Financial Services or AML-related areas is a plus.

Responsibilities

• Support design, development, testing, implementation, and monitoring of statistical and ML models.
• Prepare, transform, and analyze large datasets; collaborate with senior team members.
• Translate business problems into analytical approaches and document methodology.

Skills

Statistics

Machine learning

Python

SAS

Data analysis

Education

Bachelor's degree in Mathematics/Statistics/Quantitative Analysis or technical discipline

Master’s degree in Mathematics/Statistics/Quantitative Analysis or technical discipline

Tools

Python

SAS

Job description

Work Location/Arrangement

This is a hybrid position requiring in-office work four (4) days every week at an M&T office in Buffalo, NY, Bridgeport, CT, Baltimore, MD, Timonium, MD, Wilmington, DE or New York, NY.

Overview

This position supports the development of statistical and machine learning models within a regulated environment. The role contributes to key components of the model development lifecycle—including data preparation, model development, testing/validation support, implementation, and monitoring—while working closely with senior modelers to deliver analytically sound and well-documented solutions. Development work is performed using both Python and SAS.

Primary Responsibilities

• Support the design, development, testing, implementation, and monitoring of statistical and machine learning models
• Prepare, transform, and analyze large datasets (e.g., transactions, customer behavior, entity data)
• Partner with senior team members to translate business problems into analytical approaches
• Contribute to model documentation, including methodology, assumptions, and monitoring frameworks
• Develop and maintain analytical code using Python and/or SAS
• Assist in model performance monitoring and identification of model issues or limitations
• Support model validation, audit, and regulatory review processes
• Collaborate with stakeholders across EDD, FIU, Technology, and Model Risk Management
• Ensure adherence to internal controls and regulatory expectations
• Provide guidance to junior analysts where appropriate
• 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
• Promote an environment that supports belonging and reflects the M&T Bank brand
• 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

Scope of Responsibilities

Works under general guidance from more senior quantitative risk managers. Responsible for independent execution of defined analytical tasks and contributing to model development efforts. Builds technical expertise in AML modeling and governance.

Education and Experience Required

• Bachelor degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, OR in lieu of degree A combined minimum of 7 years higher education and/or work experience to include a minimum of 3 years relevant experience.
• Master’s degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, with minimum of 1 year relevant experience, OR in lieu of degree, A combined minimum of 7 years higher education and/or work experience to include a minimum of 1 year relevant experience.
• Minimum of 3 years relevant experience, Banking or Financial Services experience.

Preferred

• Master’s degree in a quantitative discipline
• Experience in banking, financial services, or AML/BSA
• Exposure to model validation or model risk management
• Familiarity with machine learning techniques

Compensation

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $85,800.00 - $143,000.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Buffalo, New York, United States of America

Company Overview

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. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution. 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 – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. 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. View M&T’s Human Capital Report to learn more.

Equal Opportunity Statement

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.

Drug-Free Workplace

M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.