Credit Model Development Quantitative Manager (Hybrid - see potential locations in description) at M&T Bank

Buffalo, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Strong quantitative and econometric skills for developing behavioral models in credit risk, capital planning (e.g., CCAR, CECL), and underwriting
Experience with next-gen quantitative approaches (AI/ML), programming routines, and econometric analyses
Ability to manage and lead a team of quantitative analysts and modelers
Expertise in model documentation, performance monitoring, and validation processes
Knowledge of Bank-specific and industry data sources for quantitative modeling
Proficiency in communicating complex model results (graphic/tabular) to team members, stakeholders, business lines, and Risk Management
Experience serving as subject matter expert in quantitative risk management
Mentoring and supervisory skills for junior analysts and data scientists
Ability to exercise managerial authority (staffing, performance appraisals, promotions, salary recommendations, performance management, terminations)
Understanding of risk and regulatory standards, policies, controls, and internal control standards

Responsibilities

Lead teams in research and end-to-end development of quantitative models for credit risk (e.g., loss forecasting, delinquency, default, loss, prepayment, utilization), capital planning (CCAR, CECL), and underwriting
Utilize AI/ML, programming, and econometric analyses to facilitate model development, effective challenge, and communication of results
Manage model documentation, process narratives, and performance monitoring guidelines
Lead engagements with Model Risk Management for validation exercises
Explain benefits, limitations, assumptions, and requirements of models/scorecards/forecasts to executive management and internal customers
Collaborate with internal/external partners to develop strategies for pricing, underwriting, or funding to maximize profitability
Develop and implement performance metrics, reporting, and analyses for data-driven decision-making and forecasting
Manage knowledge of data sources and serve as liaison for data sourcing across stakeholders
Mentor/supervise junior team members and guide them in model development
Define, develop, and deploy best risk management practices and infrastructure Bank-wide
Adhere to risk/regulatory standards, design/implement/maintain internal controls, identify/escalate risk issues, and implement audit/regulatory points
Assist in directing daily and long-range strategic direction of the group
Complete other related duties as assigned

Skills

Key technologies and capabilities for this role

Quantitative ModelingEconometric AnalysisAI/MLCredit Risk ModelingCCARCECLLoss ForecastingModel ValidationCapital PlanningProgramming

Questions & Answers

Common questions about this position

What is the work arrangement for this position?

This is a hybrid position requiring in-office work three days every week, ideally based in Buffalo, NY, but possibly in Baltimore, MD, NYC, NY, Wilmington, DE, or Washington, DC. There is potential for a remote work arrangement within the United States if the candidate is not near one of these locations.

What salary information is provided for this role?

This information is not specified in the job description.

What key skills are required for this Credit Model Development Quantitative Manager role?

The role requires expertise in quantitative/econometric modeling for credit risk, proficiency in next-gen approaches like AI/ML, programming routines, econometric analyses, and experience leading model development for loss forecasting, capital planning (CCAR, CECL), and underwriting.

What is the team structure like for this position?

The role involves managing a team of quantitative analysts and modelers as part of a highly dedicated quantitative team of model developers, including mentoring and supervising less experienced team members.

What makes a strong candidate for this manager role?

A strong candidate will have senior-level experience in credit model development, leadership skills to manage teams and guide junior analysts, and the ability to communicate complex model results to stakeholders including executive management.

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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