Quantitative Risk Analyst at M&T Bank

Buffalo, New York, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor’s degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, OR in lieu of degree, a combined minimum of 6 years higher education and/or work experience including a minimum of 2 years relevant experience, OR Master’s degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline
Minimum of 2 years relevant experience
Banking or Financial Services experience
Credit Analysis experience preferred
Experience with SAS, SAS Enterprise Miner and other Statistical Software Packages
Advanced Knowledge of SQL and Microsoft Office
Ability to utilize analytics in a collaborative manner across business functions and product lines to derive optimum solutions
Demonstrated ability to communicate complex concepts

Responsibilities

Perform advanced data and statistical analysis in support of the creation and maintenance of statistical models, including Regression and Multivariate models
Support Senior Analysts and Managers in data analysis and model construction
Assist in establishing, monitoring, evaluating and interpreting data with a risk management focus with an understanding of business strategy
Develop and maintain working knowledge of Credit Risk databases to provide data and analytical support to Senior Management
Perform data manipulation and analysis using SQL, SAS and Microsoft Excel and present results and recommendations to Credit Risk Management
Track portfolio performance and risk strategy results
Incorporate observations and data into existing models to improve predictive results
Identify deviations from forecast/expectations and explain variances
Identify risk and/or opportunities
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite
Identify risk-related issues needing escalation to management
Promote an environment that supports belonging and reflects the M&T Bank brand
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable
Complete other related duties as assigned

Skills

SQL

SAS

Microsoft Excel

Regression

Multivariate models

Statistical analysis

Data manipulation

Credit Risk analysis

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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