KeyBank Portfolio Strategist III - Credit Portfolio Management in Cleveland, Ohio
Credit Portfolio Management is involved in the promotion of the reduction of loan loss volatility for the Bank’s Community Banking – Commercial & Retail, Commercial Real Estate, Key Equipment Finance and Institutional Bank portfolios. A key objective is to improve overall portfolio efficiency by identifying and implementing strategies impacting asset origination, risk mitigation, and asset disposition to reduce default risk and enhance return relative to risk within the portfolio. The credit portfolio requires active review and analysis to ensure that it remains in line with its targeted risk profile throughout the cycle. To do so, a forward view of portfolio performance derived from an ongoing assessment of concentration, correlation, stressed portfolio risks is essential.
Portfolio Strategies is charged with providing high quality analytical, research, operational and transactional support to the Portfolio Management team. A key objective is to improve overall portfolio efficiency by identifying strategies and recommending actions that reduce default risk volatility, optimize economic capital and enhance return relative to risk within the credit portfolio. The practice of Portfolio Industry Credit research delivers value-added quantitative research to internal clients - LOBs and credit partners in industry fundamentals, financial performance, supply-demand drivers, emerging risks and credit strategies.
The Portfolio Strategist III will lead industry based credit and assist in the development of strategy and many of the credit modeling concentration risk analytics added initiatives. The individual will develop and communicate innovative ideas for credit portfolio management based on quantitative research and modeling undertaken to members of the Portfolio Management team as well as other areas of the firm. The individual must also be able to coordinate and execute a number of quantitative research projects and will be responsible for the administration and development of high quality data aggregation processes and systems necessary to access the characteristics of the portfolio. The position will report to the Head of Credit Portfolio Strategies and work closely with the Research and Enterprise Credit Portfolio Management team.
ESSENTIAL JOB FUNCTIONS
Industry and Quantitative Credit Research – Develops and leads our Industry Credit Research capability used to formulate credit views used in limit setting and the identification of risky credit trends. Composes views on emerging trends/risks and communicates with other business units.
Monitor macro/sector trends, identify emerging risks, and lead research in select sectors; Prepare macro or sector-specific reports for senior-level meetings on a regular basis; Write credit views on emerging trends/risks and communicate with other business units.
Lead research initiatives to investigate the credit portfolio’s risk composition ahead of potential business cycle migrations, industry risk migrations, regional risk migrations, and name specific credit migrations. Monitor macro/sector trends, identify emerging risks, and lead research in select sectors; Prepare macro or sector-specific reports for senior-level meetings on a regular basis.
Maintain awareness of state-of-the-art methodologies in the credit risk modeling and evaluate new academic research and industry initiatives for possible practical applications within the bank. Establish the appropriate reporting framework. Build/maintain databases of key economic/financial indicators, Early-warning and Key Risk Indicators, and other credit risk metrics.
Devise in coordination with Portfolio Executives and initiate performance stress tests designed to capture and measure the impact of changing macro and micro variables on the credit portfolio.
Research and analyze data, preparing and presenting analytical information and ensuring data integrity of the bank’s loan portfolio.
Extensive working knowledge of Key internal reporting systems (i.e., LIQ, CL3, EDW, etc) and experience with creating databases with ability to read, write and/or translate some technical code to produce meaningful financial analysis reports.
Manage one or more associates and rotational analysts/ interns as assigned and help set their developmental goals, CPM processes training, and mentoring.
Expert in Microsoft suite (Word, Excel, Access, PowerPoint, etc)
Knowledge of financial reporting systems and proficiency in databases (SQL, MS Access), Programming (C++/C#), Microsoft suite (Word, Excel, PowerPoint), Statistical Software (SAS, R, Matlab), and visualization tools such as Tableau.
Ability to work under pressure and adhere to strict deadlines with an excellent attention to detail and ability to multi-task.
Excellent written and verbal communication skills with demonstrated presentations skills.
An inquisitive nature, strong communication and negotiation skill are required to effectively obtain business requirements and approvals from various stakeholders; detail orientation, good interpersonal skills, accuracy, focus and teamwork are required. Accuracy in analysis and the timely achievement of goals is crucial to success in this role.
Graduate degree (preferably in a quantitative field such as Economics, Finance, Mathematics, or Statistics) and a minimum of 4 years’ experience in quantitative credit risk analysis and /or credit market research / investment analysis / portfolio management.
FRM and/or CFA work is a plus.
Knowledge of modern applied finance theory (options pricing/Black-Scholes, CAPM, arbitrage pricing, stochastic calculus).
A successful candidate will have aptitude for credit market valuations, product analysis and exposure to portfolio analysis or quantitative portfolio modeling, Monte Carlo simulation;
Demonstrated strong interpersonal skills, personal integrity and initiative
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.
ABOUT THE BUSINESS:
Key Enterprise Risk Management provides leadership on risk management strategies and initiatives for credit, market, compliance and operational risk, as well as portfolio management, quantitative analytics and asset recovery activities. Key's objective is to achieve and sustain strong enterprise risk management practices consistent with industry standards and regulatory expectations in support of business strategies. To reach this goal, risk is identified, measured and managed in a manner that promotes effective decision-making and instills accountability. A strong risk culture is critical to achieving our vision to become the best regional bank in the U.S.
FLSA STATUS: Exempt
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.