Fair Banking Quantitative Risk Manager
Location
Alabama
Posted
132 days ago
Salary
$136.8K - $228.0K / year
Bachelor Degree10 yrs expExperience acceptedEnglishSQL
Job Description
• Manage and mentor a team of Fair Lending analysts performing regression modeling, matched-pair analysis, redlining analytics, and comparative file reviews.
• Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations.
• Establish priorities, assign projects, and monitor progress to ensure timely, high-quality deliverables aligned with department goals.
• Foster a culture of analytical integrity, professional development and cross-team collaboration between analytics, and business partners.
• Oversee model development and maintenance processes to ensure adherence to regulatory and model-risk expectations.
• Review and approve analytical frameworks, variable selection methodologies, segmentation strategies, and model documentation, to ensure transparency and reproducibility.
• Provide credible challenge to assumptions, controls, and outcomes produced by analysts; ensure the findings are fully supported, statistically valid and risk contextualized.
• Coordinate with Model Risk Management and Internal Audit during validation, periodic reviews, and model inventory updates.
• Oversee development of written analyses, memo, dashboards, and reporting materials for Senior Management, Internal Audit, and regulators.
• Act as a liaison for all Quantitative Risk Management projects for Senior Management related to a diverse portfolio of bank wide divisional areas, external consultants, vendors, and peer banks on facets of quantitative risk management.
• Understand and adhere to the Company’s risk and regulatory standards, policies, and controls in accordance with the Company’s Risk Appetite.
• Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis.
• Identify risk-related issues needing escalation to management.
• Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
• 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.
Job Requirements
- Bachelor's degree, OR in lieu of a degree, A combined minimum of 14 years' higher education and/or work experience, including a minimum of 10 years' related experience (inclusive of 4 years supervisory/management experience) -OR- Master's degree in mathematics, Statistics, Quantitative Analysis or another technical discipline and a minimum of 8 years' related experience (inclusive of 4 years supervisory/management experience), OR in lieu of a degree, A combined minimum of 14 years' higher education and/or work experience, including a minimum of 8 years' related experience and/or (inclusive of 4 years supervisory/management experience).
- Minimum of 10 years' related experience (inclusive of 4 years supervisory/management 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.
Benefits
- Health insurance
- 401(k) matching
- Paid time off
- Flexible work arrangements
- Professional development opportunities