Quantitative Risk Analyst Lead 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

Bachelor’s degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, OR a combined minimum of 9 years higher education and/or work experience including a minimum of 5 years relevant experience
OR Master’s degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, with minimum of 3 years relevant experience, OR a combined minimum of 9 years higher education and/or work experience including a minimum of 3 years relevant experience
Minimum of 5 years relevant experience
Banking or Financial Services experience
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
Demonstrated ability to manipulate and analyze data across large databases

Responsibilities

Lead Quantitative Analysts in establishing, monitoring, evaluating and interpreting data with a credit risk management focus, applying analytical and decision science frameworks while understanding business goals
Collaborate with cross-functional teams to translate insights into actionable business strategies
Mentor and supervise the work of junior team members and assist in the development of their analytical and business acumen for the product lines managed by the department, including data analysis, segmentation analysis, logistic regression, decision trees and multivariate analysis
Demonstrate working knowledge of Credit Risk data to provide data and analytical support to Senior Management
Perform data manipulation and analysis using SAS, Python, SQL and Microsoft Office applications and present results and recommendations to various stakeholders
Identify deviations from forecast/expectations and explain variances; identify risk and/or opportunities
Track portfolio performance and risk strategy results; incorporate observations and data into existing analytical processes to improve predictive results
Understand and adhere to the Company’s risk governance 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 risk governance 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

Key technologies and capabilities for this role

SASPythonSQLlogistic regressiondecision treesmultivariate analysisdata manipulationsegmentation analysiscredit risk modelingportfolio performance tracking

Questions & Answers

Common questions about this position

What are the required education and experience qualifications for this role?

A Bachelor’s degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline is required with a minimum of 5 years relevant experience, or a Master’s degree with at least 3 years relevant experience. Alternatively, a combined minimum of 9 years higher education and/or work experience including 5 years relevant experience is accepted. Banking or Financial Services experience is also required.

What technical skills are required for the Quantitative Risk Analyst Lead position?

Proficiency in SAS, SAS Enterprise Miner, SQL, Python, and Microsoft Office is required, along with experience in data analysis, segmentation analysis, logistic regression, decision trees, and multivariate analysis.

Is this a remote position, or is there a location requirement?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What leadership responsibilities does this role involve?

The role requires leading Quantitative Analysts, mentoring and supervising junior team members, and collaborating with cross-functional teams to translate insights into business strategies.

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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