Model Risk Analyst II - Validation Job at M&T Bank, Clanton, AL

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  • M&T Bank
  • Clanton, AL

Job Description

**Overview:** Responsible for review and validation of models used by various groups at M&T for varied purposes, including capital stress testing, risk measurement, pricing and profitability, and management decision-making. Work under the supervision of team lead or manager to validate complex models. **Primary Responsibilities:** + Coordinate the engagement of third parties to perform validation; and + Review the results of third-party validation. + Perform validation and analysis of expert judgment or qualitative factors that augment quantitative models. + Review to confirm proper controls and adequate documentation are in place. + Recommend, as necessary, the cessation of reliance on models that are outdated or inaccurate, as determined by analysis. + Provide effective challenge during model development and throughout the life cycle of the model. + Prepare reporting for Management to monitor performance of models. + Participate in meetings with model owners to discuss current portfolio tracking and business observations. + Develop knowledge on standard concepts, practices, and procedures within the model validation/risk analytics field. + Mine data from a variety of sources; Utilize technical skills to manage data and efficiently conduct analyses. + Develop ad hoc processes to address efficiency gains that translate into repeatable procedures. + Prepare written summary and analysis of all validation work, using a combination of word processing and presentation software skills. + Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies. + Promote an environment that supports diversity 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. **Scope of Responsibilities:** Responsible for day-to-day model validation activities. Plan, organize, and produce results. **Supervisory/Managerial Responsibilities:** Individual Contributor **Education and Experience Required:** Bachelor's Degree in Mathematics, Statistics, Business Engineering, Econometrics, or Science-based discipline, Plus 2 years experience in model development or validation. Technical knowledge of advanced software packages used in analytics. **Education and Experience Preferred:** Master's degree in Business Administration (MBA) or Advanced degree. **Physical Requirements:** Not applicable M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $70,023.60 - $116,706.01 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation. The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location. **Location** Clanton, Alabama, United States of America M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.

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