Senior Quantitative Risk Analyst

🔥 33 minutes ago

🏈 Alabama – Remote

🏈 Alabama – Remote

💵 $85.8k - $143k / year

⏰ Full Time

🟠 Senior

📉 Data Analyst

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M&T Bank

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1856

🏦 Banking

💸 Finance

👥 B2C

Banking • Finance • B2C

M&T Bank is a leading regional financial institution that provides a wide range of banking services to personal, business, and commercial clients. Known for its customer satisfaction in mobile banking, M&T Bank offers products and services such as checking accounts, credit cards, mortgages, personal loans, and insurance. Additionally, it provides financial planning through Wilmington Advisors @ M&T. The bank is committed to community engagement, supporting local businesses, multicultural banking, and volunteerism. With a focus on cybersecurity and digital banking solutions, M&T Bank serves its clientele through comprehensive online and mobile services.

📋 Description

• Perform advanced credit risk data analysis in support of the consumer deposit overdrafts to identify areas of risk • Evaluate the risk of proposed product, process, policy, and model changes • Provide ongoing monitoring of credit metrics • Forecast overdraft charge-off losses for capital adequacy planning and the annual operating plan • Ensure compliance with internal governance processes and external regulatory requirements • Provide expertise and guidance to first-line partners • Support additional consumer unsecured products as needed • Assist in establishing, monitoring, evaluating and interpreting data with a risk management focus with an understanding of business strategy • Demonstrated working knowledge of relevant databases to provide data and credit risk 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 • Provide guidance and direction to lower level analysts regarding all aspects of data analysis and the construction of predictive statistical models • 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.

🎯 Requirements

• Bachelor degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, OR in lieu of degree, A combined minimum of 7 years higher education and/or work experience to include a minimum of 3 years relevant experience • Master’s degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline, with minimum of 1 year relevant experience, OR in lieu of degree, A combined minimum of 7 years higher education and/or work experience to include a minimum of 1 year relevant experience • Minimum of 3 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 • Demonstrated ability to manipulate and analyze data across large databases.

🏖️ Benefits

• health insurance • retirement plans • forty hours of paid volunteer time each year