Full-Time

Credit Modeling Quantitative Expert

Confirmed live in the last 24 hours

M&T Bank

M&T Bank

10,001+ employees

Full-service banking for individuals and businesses

Compensation Overview

$115.7k - $192.8kAnnually

Senior, Expert

Buffalo, NY, USA

This is a hybrid position requiring in-office work three days every week.

Category
Risk Management
Finance & Banking
Required Skills
Python
SAS
Data Science
R
SQL
Financial analysis
Risk Management
Stata
Data Analysis
Requirements
  • Bachelor’s degree and a minimum of 6 years’ proven quantitative behavioral modeling experience, or in lieu of a degree, a combined minimum of 10 years’ higher education and/or work experience, including a minimum of 6 years’ proven quantitative behavioral modeling experience
  • Minimum of 6 years’ on-the-job experience with pertinent statistical software packages (SAS, Python, Stata, R)
  • Minimum of 6 years’ on-the-job experience with data management environment, such as SQL Server Management Studio
  • Minimum of 6 years’ on-the-job experience analyzing large data sets and explaining results of analysis through concise written and verbal communication as well as charts/graphs
Responsibilities
  • Lead research and development of quantitative models used for credit risk, including but not limited to, loan delinquency, default and loss models, loan prepayment and utilization models, deposit attrition models, and financial instrument valuation methods used for capital planning, ACL and underwriting
  • Prepare, manage and analyze large customer loan, deposit or financial data sets for statistical analysis to properly specify and estimate econometric models to understand customer or Bank behavior. Understand context of the Bank’s data and businesses to ensure properly developed models.
  • Support the end-to-end development and implementation of models using agile methodologies while using sophisticated coding software and data science platforms.
  • Execute models in production environment; communicate analytical results to Bank-wide stakeholders. Track portfolio performance, model performance, campaign tracking and risk strategy results. Incorporate observations and data in to existing models to improve predictive results.
  • Develop, maintain, and manage satisfactory model documentation, including process narratives and performance monitoring guidelines to serve as reference source.
  • Lead financial analysis and data support to other groups/departments across the Bank as required, serving as Bank-wide expert in area(s) of quantitative risk management. Lead engagements with colleagues in Model Risk Management for model validation exercises.
  • Provide guidance and direction to less experienced personnel regarding all aspects of data and financial analysis and the development and management 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 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.
Desired Qualifications
  • Masters’ of Science or Doctorate degree in statistics, economics, finance or related field in the quantitative social, physical or engineering sciences, with proven coursework proficiency in statistics, econometrics, economics, computer science, finance or risk management
  • Minimum of 8 years’ statistical analysis programming experience
  • Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) designation
  • Fluency and high proficiency in econometric/statistical techniques, especially time-series analysis, panel data methods and logistic regression
  • Experience in balance sheet management and mathematical modeling of financial instruments offered by banks
  • Knowledge and familiarity with key aspects of model risk management and model validation, including SR-11-7 guidance on model risk management
  • Proven track record for being able to work autonomously and within a team environment
  • Proven leadership skills
  • Strong desire to learn and contribute to a group
  • Previous experience leading and directing the work of less experienced personnel

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.

Company Size

10,001+

Company Stage

IPO

Headquarters

Buffalo, New York

Founded

1993

Simplify Jobs

Simplify's Take

What believers are saying

  • The $4 billion share repurchase program reflects strong capital management and shareholder value focus.
  • M&T Bank's digital banking solutions align with the trend towards AI-driven customer service.
  • The bank's commitment to ESG investing attracts environmentally conscious investors.

What critics are saying

  • Competition from fintechs could erode M&T Bank's market share in digital banking.
  • Decreased prime lending rate may reduce interest income, impacting profitability.
  • The $1.5 billion senior notes issuance increases debt obligations amid potential interest rate hikes.

What makes M&T Bank unique

  • M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.
  • The bank offers comprehensive mobile banking solutions for enhanced customer convenience.
  • M&T Bank's recent merger with United Bank expands its market reach and service offerings.

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Benefits

401(k) Company Match

401(k) Retirement Plan

Flexible Work Hours

Hybrid Work Options

Paid Vacation

Paid Holidays

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Company News

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Jan 22nd, 2025
Mt Bank Corporation Announces Common Stock Repurchase Program

BUFFALO, N.Y., Jan. 22, 2025 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that its Board of Directors authorized a share repurchase program to repurchase up to $4.0 billion of M&T common stock, $0.50 par value per share, on the open market or in privately negotiated transactions. The authorization replaces, and terminates effective January 22, 2025, the prior $3.0 billion share repurchase program authorized by the Board of Directors in July 2022.Daryl Bible, M&T's Chief Financial Officer, noted: "The Board's decision underscores our dedication to managing shareholders' capital responsibly, in line with our established practices. Our primary focus in capital allocation is to support our customers and the communities we serve while continuing to invest in our businesses. Our strong earnings and solid capital position allow us to meet these essential goals and return surplus capital to our investors."The exact number of shares, timing for such repurchases, and the price and terms at and on which such repurchases are to be made will be at the discretion of M&T and subject to all applicable regulatory limitations.About M&T BankM&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S

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Dec 19th, 2024
M&T Bank Completes $1.5 Billion Senior Notes Offering

On December 17, 2024, M&T Bank Corporation successfully closed a public offering, raising a total of $1.5 billion through the issuance of senior notes. The offering included $500,000,000 aggregate principal amount of 4.833% Fixed Rate/Floating Rate Senior Medium-Term Notes, Series A due January 16, 2029 (2029 Notes) and $1,000,000,000 aggregate principal amount of 5.385% Fixed […]

PR Newswire
Dec 18th, 2024
Mt Bank Decreases Prime Rate

BUFFALO, N.Y., Dec. 18, 2024 /PRNewswire/ -- Effective Thursday, December 19, 2024, M&T Bank Corporation ("M&T") (NYSE:MTB) will decrease its prime lending rate from 7.75% to 7.50%.About M&TM&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank

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Dec 5th, 2024
Mt Bank Names Shannon Lazare As New Jersey Regional President

Seasoned Banker to Lead MT Bank in New JerseyBUFFALO, N.Y., Dec. 5, 2024 /PRNewswire/ -- MT Bank (NYSE:MTB) ("MT") today announced the appointment of Shannon Lazare as its New Jersey Regional President. Shannon will lead the bank's local growth and community engagement initiatives throughout New Jersey. She succeeds Tom Comiskey who, after serving as MT's New Jersey Regional President for nine years, was elevated last year to Area Executive in its Commercial Bank