Model Risk Analyst-Validation at M&T Bank

Buffalo, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Master’s degree in Finance, Mathematics, Statistics, Quantitative Finance, Econometrics, or a related quantitative field
Two (2) years of experience as a Quantitative Analyst, Statistician, Economist, Actuary Analyst or a related occupation
One (1) year of experience using one of the advanced software packages: SAS, Python, MATLAB, R, or STATA for analyzing large data sets and generate analysis reports
One (1) year of experience using Excel for data visualization
One (1) year of experience using PowerPoint for creating and delivering presentations with visuals and multimedia
One (1) year of experience developing or validating statistical, financial, mathematical, econometric models, or other quantitative models used in financial services and banking
One (1) year of experience conducting research on statistical and econometric model theory and performing model evaluation analysis of financial models

Responsibilities

Review and validate models used by various groups within M&T Bank, including capital stress testing, risk measurement and prediction, pricing, forecasting, wealth management, marketing, compliance, profitability, and management decision-making
Perform full or targeted scope validations
Assess model performance and evaluate findings for remediation
Review development and execution codes
Research and evaluate model theory and design
Conduct independent analysis of model assumptions and outcomes
Determine the impact of model deficiencies or limitations
Review documentation and perform independent testing and benchmarking
Produce reports, memos, and presentations on reviews conducted
Participate in research projects, build benchmark models, present to management, and develop ad hoc processes for efficiency gains
Engage with regulators and audit members during process reviews
Validate complex models or aspects of models

Skills

SAS

Python

MATLAB

STATA

Excel

PowerPoint

Statistical Modeling

Econometric Modeling

Model Validation

Quantitative Analysis

Data Visualization

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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