Quantitative Analytics Manager-Model Risk

Location:

127 Public Square, Cleveland Ohio

ABOUT THE JOB

As a Quantitative Analytics Manager of Model Risk, you are primarily responsible for leading the independent validation of predictive and machine-learning models used across the bank, including those for fraud risk, compliance risk (such as AML, OFAC), etc. This role involves hands-on model validation on the bank’s critical high-risk models, validation project leadership and partnership with junior validators, evaluation on model performance and limitations, and communication to stakeholders and regulators regarding findings and recommended improvements.

ESSENTIAL JOB FUNCTIONS

• Perform hands-on model validation/review against the bank’s critical high-risk tier models to ensure that models receive effective challenges against the conceptual soundness, data accuracy, methodology, assumptions, limitations, model performance testing and ongoing monitoring to comply with regulatory standards.
• Manage and lead on some of the quantitative validation/review projects by partnering with junior validators and mentoring/guiding/overseeing their work from end to end.
• Lead effective communications with model developers/owners in the 1st line of defense (1LOD) to present findings, weakness and/or observations identified from the validation/review to ensure findings to be properly remediated in a timely manner.
• Prepare detailed validation reports and memos that document the validation approach, findings, and conclusions.
• Build and maintain effective relationships with model owners, business process owners, IT risk departments, compliance, and auditors.
• Ensure models and their documentation meet bank policies, standards, and regulatory guidelines, such as SR 11-7.
• Participate in internal audits and regulatory exams by presenting validation results and methodologies and assisting in the remediation of any audit or exam findings.
• Stay updated on regulatory changes, industry best practices, and emerging quantitative techniques to improve validation methodologies.

REQUIRED QUALIFICATIONS

• Master’s degree in a quantitative discipline and at least 5 years of relevant experience; or Bachelor’s degree and at least 6 years of relevant experience.
• Substantial hands-on experience in quantitative (including AI/ML) model development or validation on various risk predictive models, such as fraud risk, AML risk models, particularly within banking or financial services.
• Proficiency in programming languages such as Python, R, SQL or SAS.
• Proven ability to lead teams, manage multiple projects, and effectively communicate technical findings to both technical and non-technical audiences.
• Excellent written and verbal communication skills to clearly articulate complex technical findings to both technical and non-technical stakeholder.
• Knowledge of model risk management policies, procedures, and relevant regulatory guidance (e.g., from the OCC).

EXPECTED COMPETENCIES

• Leadership: Demonstrated leadership; may have direct reports; Assumes accountability for their work; Sought out for advice; Proactively coaches and guides the work of others; Manages the integration of activities typically within own team; Demonstrates executive presence; Offers an opinion, contributes to the conversation
• Partnering / Influencing: Demonstrated ability to engage and partner at mid to senior leadership levels; Established reputation and track record as an effective and collaborative partner; Coaches and develops relationship building skills in others; Demonstrates managerial courage; willing to dissent from others; leverages organizational and professional savvy and persuasive skills to influence others
• Business Acumen: Understands LOB and KeyCorp strategy; Leverages knowledge of our competition and the business to anticipate needs and make recommendations; Understands how business works; Contributes materially to LOB strategy
• Critical Thinking / Problem Solving: Critical thinker: able to anticipate business partner needs; Sees the “bigger picture”; Advises leaders to make informed decisions based on keen critical thinking and problem-solving ability; Sought out for perspective and guidance with tackling challenges; Can make decisions; considers longer term business strategy in recommending solutions
• Communication: Excellent writing skills; develops writing skills in others; Recognizes the need to deliver the right message at the right tie through the right channel; Articulates the broad implications / impact of the message; Anticipates and addresses conflict; Addresses challenging situations; does not shy away from a tough conversation; Strong presentation development; can coach and guide others to get to the appropriate level of detail and send an effective message; Comfortable presenting to senior levels, easily adapts / changes course, presents with confidence; Demonstrates executive presence

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $120,000to $145,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 11/09/2025 KeyCorp is an Equal Opportunity Employer committed to 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.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing [email protected].

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