[Remote] Model Risk Analyst III - Validation at M&T Bank

United States

M&T Bank Logo
$82,783 – $137,972Compensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries

Skills

Key technologies and capabilities for this role

Model ValidationSR 11-07 ComplianceRisk AssessmentAnalyticsMathematicsStatisticsBusiness EngineeringEconometricsAdvanced Software Packages

Questions & Answers

Common questions about this position

What is the salary range for the Model Risk Analyst III - Validation position?

The pay range is $82,783.41 - $137,972.36 Annual (USD), with the specific compensation depending on the candidate’s knowledge, skills, experience, and location.

Is this position remote or does it require working from a specific location?

The position is located in Clanton, Alabama, United States of America, suggesting an on-site requirement at that location.

What education and experience are required for this role?

A Bachelor's Degree in Mathematics, Statistics, Business Engineering, Econometrics, or Science-based discipline is required, plus 3 years experience in model development or validation, with a combined minimum of 5 years’ higher education and relevant work experience, and technical knowledge of advanced software packages used in analytics.

Is this a managerial role or an individual contributor position?

This is an individual contributor role with no supervisory or managerial responsibilities.

What makes a candidate stand out for this Model Risk Analyst position?

Candidates with a Master’s degree in Business Administration (MBA) or an advanced degree, in addition to the required bachelor's and experience, are preferred.

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.

Land your dream remote job 3x faster with AI