KeyBank Quantitative Modeling Associate in Buffalo, New York
Quantitative Modeling AssociateinBuffalo, NYatKey Bank- Corporate
Date Posted: 3/15/2019
Employee Type: Full-Time
Location: Buffalo, NY
Job Type: Banking
Experience: Not Specified
Date Posted: 3/15/2019
Headquartered in Cleveland, Ohio, KeyCorp (Key) is one of the nation s largest financial services companies. Key provides investment management, retail and commercial banking, consumer finance and investment banking products to individuals and companies throughout the United States and, for certain businesses, internationally.
Our goal is to be the best regional bank in the U.S. What that means is we put our clients needs first and take a customized approach to meeting those needs. At Key we ve made a promise to our clients that they will always have a champion in us. To deliver on that promise, we re committed to building a team of engaged employees who do the right thing for our clients and help them achieve their financial goals each and every day.
Quantitative Modeling Associate to work in Buffalo, NY: Perform model validation exercises on models. Conduct independent validations on CCAR and CECL loss forecasting models, Anti Money Laundry and OFAC models, Fraud models, Origination Scorecard models, Behavioral Scorecard models and Marketing models and other models. Use statistical tools SAS, R, Excel, Matlab and Python. Assess model s conceptual framework, technology soundness, input data and variables, outputs, and model implementation. Create challenge models and design quantitative testing to review model performance periodically as outlined by internal standards. Prepare written reports in accordance with regulatory requirements and guidelines, whether or not there are significant findings. Perform other “Second Line of Defense responsibilities of model validators. Works closely with “Model Risk Governance team through the model review/validation process. Communicate findings and associated model risks to “Line of Business and other model stakeholders. Develop and maintain effective internal and external partnerships with team members, model owners, and model stakeholders.
Requires a Master s Degree in Statistics/Finance/Mathematics/Economics/Agriculture and Resource Economics/Mathematical Finance (or equivalent based on evaluation of academic credentials, training and/or experience) as well as six (6) months in job or job related experience to include use of statistical models R and Python; assess model s conceptual framework, technology soundness, input data and variables, outputs, and model implementation; prepare written reports. Suitable combination of education, training and experience is acceptable. Experience may have been gained before, during or after degree. Full-time position at 40 hours/week, Monday through Friday 8:00 a.m. to 5:00 p.m.
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.
FLSA STATUS: Exempt
KeyCorp is an Equal Opportunity and Affirmative Action Employer Min/Fem/Vet/Disabled