Credit Model Development Quantitative Manager - Consumer Credit at M&T Bank

Buffalo, New York, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

The ideal candidate will have a strong background in quantitative analysis and model development, with experience in credit risk management, interest rate risk, liquidity risk, stress testing, and economic capital practices. A proven ability to lead teams, interpret complex data, and communicate findings to senior management is essential. Knowledge of behavioral/econometric modeling, credit risk management, balance sheet management, and relevant regulatory requirements is expected. Experience with data sources, model documentation, and validation processes is also required.

Responsibilities

Manage a team of quantitative analysts and modelers to support Treasury's data, systems, and forecasting needs. Lead end-to-end model development and implementation for behavioral models. Interpret data, develop recommendations, and present findings to senior management. Collaborate with internal and external stakeholders to develop and implement strategies for pricing, underwriting, and funding. Develop and implement performance metrics and reporting. Serve as a subject matter expert for quantitative risk management and mentor team members. Ensure satisfactory model documentation and lead engagements with Model Risk Management for validation exercises. Define, develop, and deploy risk management practices and infrastructure Bank-wide. Maintain knowledge of industry best practices and regulatory standards.

Skills

Quantitative Analysis

Model Development

Credit Risk Management

Interest Rate Risk

Liquidity Risk

Stress Testing

Economic Capital

Data Analysis

Forecasting

Regulatory Compliance

Pricing Strategy

Underwriting Strategy

Team Management

Leadership

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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