Model Risk Analyst III - Validation

United States

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$82,783 – $137,972Compensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Candidates must possess a Bachelor's Degree in Mathematics, Statistics, Business Engineering, Econometrics, or a Science-based discipline, coupled with a minimum of 3 years of experience in model development or validation. A combined minimum of 5 years of higher education and relevant work experience is required, along with technical knowledge of advanced analytics software packages. An MBA or advanced degree is preferred.

Responsibilities

The Model Risk Analyst III will conduct independent reviews and validations of models used within the organization, focusing on risk assessment and compliance with SR 11-07. This role involves interacting with lines of business and support areas, planning and executing validation activities, and ensuring adherence to internal control standards. The analyst will also address audit points and regulatory issues, and complete other assigned duties.

Skills

Model Validation

SR 11-07 Compliance

Risk Assessment

Analytics

Mathematics

Statistics

Business Engineering

Econometrics

Advanced Software Packages

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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