Current jobs related to Lead Quantitative Analyst for Credit Risk - New York, New York - M&T Bank

  • Senior Quantitative Analyst

    6 days ago

    New York, New York, United States Ashton Lane Group, Inc Full time

    Job SummaryAshton Lane Group, Inc is seeking a seasoned quantitative professional to lead our credit risk modeling efforts. The ideal candidate will have a strong background in statistical modeling, experience with credit risk analytics, and excellent leadership skills.Key ResponsibilitiesDevelop and maintain credit risk models for structured finance...

  • Quantitative Risk Modeling Lead

    4 weeks ago

    New York, New York, United States Selby Jennings Full time

    Job Title: Director (MD) - Lead, Risk Modeling and Quantitative ResearchAt Selby Jennings, we are seeking a highly skilled and experienced Director (MD) to lead our Risk Modeling and Quantitative Research team. As a key member of our organization, you will be responsible for overseeing the development and implementation of quantitative risk models and...

  • Market Risk Quantitative Analyst

    4 weeks ago

    New York, New York, United States Selby Jennings Full time

    Market Risk Quantitative AnalystA leading Investment Bank in NYC is seeking a highly skilled Market Risk Quantitative Analyst to join their Quantitative Market Risk Analytics team. This individual will report directly to the Head of Risk Analytics and be responsible for developing and implementing Market Risk Models in relation to FRTB and other Capital...

  • Credit Risk Analyst

    3 days ago

    New York, New York, United States Deutsche Bank Full time

    Job Title: Credit Risk AnalystJob Summary:Deutsche Bank is seeking a skilled Credit Risk Analyst to join our team. As a Credit Risk Analyst, you will be responsible for implementing AI-driven solutions for generating signals for counterparty and portfolio Credit Risk Management. You will deploy sentiment analysis, market data, behavioral models, and other AI...

  • Market Risk Quantitative Analyst

    1 month ago

    New York, New York, United States Selby Jennings Full time

    {"title": "Market Risk Quantitative Analyst", "content": "Market Risk Quantitative AnalystAt Selby Jennings, we are seeking a highly skilled Market Risk Quantitative Analyst to join our team. As a key member of our Quantitative Market Risk Analytics team, you will be responsible for developing and implementing Market Risk models to support our firm's risk...

  • Risk Quantitative Analyst

    2 weeks ago

    New York, New York, United States Selby Jennings Full time

    Front Office Risk Quant OpportunityA leading Multi-Strategy Hedge Fund with over $10 billion in assets under management is seeking a skilled Front Office Risk Quant to join their team in New York City.The fund boasts an impressive 20-year track record, and this hire will be responsible for covering Portfolio Managers across Credit, Equities, Macro, and...

  • Risk and Quantitative Analyst

    2 weeks ago

    New York, New York, United States Assured Guaranty Full time

    Job Title: Risk and Quantitative AnalystAssured Guaranty is seeking a highly skilled Risk and Quantitative Analyst to join the Economic Capital and Portfolio Risk Management Group in the Risk Management Department.Key Responsibilities:Develop and implement credit risk models using simulations and variance/covariance methodologies in the public finance,...

  • Quantitative Risk Analyst

    1 week ago

    New York, New York, United States Selby Jennings Full time

    Front Office Risk Quant OpportunityA leading Multi-Strategy Hedge Fund with over $10 billion AUM is seeking a skilled Front Office Risk Quant to join their team in NYC. This hire will cover the PMs across Credit, Equities, Macro, and Volatility strategies, with a primary focus on US Corporate Credit, Credit Indices, and Derivatives.The ideal candidate will...

  • Quantitative Risk Analyst

    3 days ago

    New York, New York, United States Bloomberg Full time

    Bloomberg's Quantitative Analytics team is responsible for designing and implementing modeling analytics that support client pricing and risk management solutions for financial products across the entire suite of Bloomberg products and services.These models include those for pricing and risk of derivative products across all major asset classes, including...

  • Quantitative Risk Analytics Lead

    2 weeks ago

    New York, New York, United States MassMutual Full time

    Job Title: Lead, Financial Risk ManagementAs a key member of the Credit Risk Management team, you will play a critical role in developing and implementing quantitative models to manage portfolio credit, counterparty, and country risks. Your expertise will be essential in enhancing ERM's analytical and reporting capabilities, expanding the use of existing...

  • Credit Risk Analyst

    1 month ago

    New York, New York, United States OatFi Full time

    About OatFiOatFi is a pioneering fintech company that specializes in credit risk infrastructure for B2B payments and lending. Our mission is to empower businesses to succeed by providing innovative credit solutions.Job DescriptionWe are seeking a highly skilled Credit Risk Analyst to join our team. As a Credit Risk Analyst at OatFi, you will play a critical...

  • Quantitative Credit Risk Model Developer

    7 days ago

    New York, New York, United States Mizuho Bank Ltd Full time

    Job SummaryWe are seeking a highly skilled Quantitative Credit Risk Model Developer to join our Credit Risk Analytics team at Mizuho Bank Ltd. As a key member of our team, you will be responsible for developing and maintaining credit risk rating models for our wholesale portfolio. Your expertise in quantitative methods, data analysis, and model development...

  • Quantitative Risk Analyst

    4 weeks ago

    New York, New York, United States Bloomberg Full time

    Job Title: Quantitative Risk AnalystBloomberg's Quantitative Analytics team is responsible for designing and implementing modeling analytics that support client pricing and risk management solutions for financial products across the entire suite of Bloomberg products and services.Job SummaryWe are seeking an experienced Quantitative Risk Analyst to join our...

  • Quantitative Risk Analyst

    6 days ago

    New York, New York, United States Bloomberg Full time

    Job Title: Quantitative Risk AnalystJob Summary: We are seeking a highly skilled Quantitative Risk Analyst to join our team at Bloomberg. As a Quantitative Risk Analyst, you will be responsible for researching, designing, and implementing statistical and machine-learning models to estimate liquidity risk for corporate, municipal, and sovereign debt, and...

  • Senior Credit Risk Analyst

    3 days ago

    New York, New York, United States CLEO Full time

    About CleoCleo is a leading fintech company that empowers people to build a life beyond their next paycheck. Our mission is to provide innovative financial solutions that enable individuals to achieve financial well-being.Job DescriptionWe are seeking a highly skilled Senior Credit Risk Analyst to join our team. As a key member of our credit strategy team,...

  • Quantitative Analyst

    2 weeks ago

    New York, New York, United States Hispanic Technology Executive Council Full time

    Job Title: Quantitative AnalystAs a Quantitative Analyst, you will play a crucial role in the Credit Quantitative Analysis Team, focusing on Credit Markets. This strategic position requires a deep understanding of mathematical and computer science methods and tools, including hardware acceleration, advanced calculus, and programming languages such as C++,...

  • Quantitative Risk Analyst

    4 weeks ago

    New York, New York, United States Aflac Full time

    About the RoleWe are seeking a highly skilled Quantitative Risk Analyst to join our Global Investments Risk Management team at Aflac Asset Management, LLC.As a key member of our team, you will be responsible for delivering second-line risk management and associated analytics for investment and investment-related activities.Key ResponsibilitiesCollaborate...

  • Credit Risk Analyst

    4 weeks ago

    New York, New York, United States M-Logic Full time

    {"Role": "The Credit Risk Analyst will be responsible for analyzing the creditworthiness of non-bank financial institution clients and counterparties. The individual will focus on insurance, private equity, finance company, mortgage REIT, and business development company counterparts to varying degrees. The role requires expertise in counterparty credit...

  • Quantitative Risk Analyst

    7 days ago

    New York, New York, United States Aflac Full time

    About the RoleAflac Global Investments is seeking a highly skilled Quantitative Risk Analyst to join our Global Investments Risk Management (GIRM) team. As a member of this team, you will play a critical role in delivering second-line risk management and associated analytics for investment and investment-related activities.Key ResponsibilitiesCollaborate...

  • Quantitative Risk Analyst

    4 weeks ago

    New York, New York, United States Selby Jennings Full time

    Senior Risk Analyst - EquityA leading Multi-Strategy Hedge Fund is seeking a highly skilled Risk Analyst to join their team in their NYC office.This growth opportunity will allow the successful candidate to join a lean team that supports the equity business, collaborating with and challenging PMs/Traders in the front office.The ideal candidate will have...

Lead Quantitative Analyst for Credit Risk

2 months ago

New York, New York, United States M&T Bank Full time
Position Overview:

Reporting to the Director of Credit Risk Modeling, this position is responsible for spearheading and overseeing a quantitative modeling team within the Commercial Credit domain. The primary focus is to address data, systems, and modeling requirements for Commercial Risk Rating models, including Scorecards and Behavioral models, essential for effective credit risk management and various enterprise initiatives. This role may also contribute to model development efforts related to loss forecasting, CCAR (Comprehensive Capital Analysis and Review), stress testing, and economic capital practices. The individual will guide both daily operations and long-term strategic objectives of the team to align with business goals and regulatory compliance.

Key Responsibilities:
  • Steer the Credit Risk Management Framework by establishing quantitative analytics and modeling strategies utilized in the risk rating framework across the organization.
  • Recruit, mentor, and develop a team of modelers and quantitative analysts, providing guidance and leadership to achieve desired business outcomes.
  • Oversee the creation, execution, and upkeep of Commercial Probability of Default (PD) and Loss Given Default (LGD) credit risk models, employing both internal and external data sources, advanced technologies, and agile modeling methodologies.
  • Act as a liaison with key internal stakeholders, including Technology, Enterprise Data, Finance, Product, and Regulatory Affairs, to prioritize firm-wide initiatives.
  • Coordinate the analysis of underwriting, behavioral, market, and economic data relevant to the bank's clientele, portfolios, and products. Interpret findings, formulate recommendations, and present insights to senior leadership.
  • Engage with a diverse range of internal clients, including executive management, to elucidate the advantages, constraints, assumptions, and requirements associated with proposed scorecards and modeling strategies.
  • Assist less experienced managers during the model development review process with the Model Development Working and Oversight Groups.
  • Support internal business units in formulating and executing strategies for optimal pricing, underwriting, or funding, aimed at maximizing organizational profitability.
  • Manage the establishment and implementation of performance metrics, reporting, and analyses to facilitate data-driven decision-making and forecasting for the firm's clientele, products, and portfolios.
  • Incorporate automation and machine learning techniques, data frameworks, and implementation platforms to develop scalable modeling solutions across data mining, segmentation, back testing, reporting, and ongoing monitoring, thereby expediting the model development process.
  • Exhibit organizational expertise in Rating scorecard deployment while collaborating with relevant committees to ensure all models are validated, presented, and communicated effectively to all stakeholders.
  • Assess the need for redevelopment or recalibration based on shifts in market conditions, regulations, or strategy, and guide the redevelopment initiatives accordingly.
  • Maintain an up-to-date understanding of standard concepts, best practices, and procedures in current behavioral and econometric modeling practices, as well as credit risk management, applying this knowledge to internal practices as necessary.
  • Exercise managerial authority regarding staffing, performance evaluations, promotions, salary recommendations, performance management, and terminations.
  • Comprehend and adhere to the company's risk and regulatory standards, policies, and controls in alignment with the organization's Risk Appetite. Design, implement, maintain, and enhance internal controls to mitigate ongoing risks, identifying issues that require escalation to management.
  • Foster an inclusive environment that reflects the values of M&T Bank.
  • Uphold M&T internal control standards, ensuring timely implementation of internal and external audit findings, along with any issues raised by external regulators as applicable.
  • Perform other related duties as assigned.
Scope of Responsibilities:

The Commercial Scorecard group plays a vital role in the Credit Risk Management Framework. Risk Ratings are integral to numerous areas within the bank and significantly influence enterprise-level decisions, such as the Allowance for Loan and Lease losses, Approval Authority levels, and Asset Quality Metrics. This role is inherently technical and quantitative, necessitating meticulous attention to detail, execution, and follow-through on various initiatives within Credit. The ability to identify, analyze, rationalize, and communicate complex business challenges while recommending viable solutions is crucial for success in this position. Success in this role requires leveraging analytics collaboratively across multiple functions and products to derive optimal solutions to business challenges. This position interacts extensively with various business and functional areas of the bank, as well as with vendors, risk management consultants, and regulatory bodies. Additionally, the role involves occasional informational and educational engagements with internal and external stakeholders. The position communicates with executive management and regulatory authorities on all matters related to scorecard and behavioral modeling, as well as loss forecasting and stress testing, ensuring their awareness of significant issues. Furthermore, the position actively participates in assigned risk governance committees.

Supervisory/Managerial Responsibilities:

Direct management responsibility for a team of 3 to 10 Quantitative Credit Risk Management Analysts and Modelers, with potential direct management of other Quantitative Risk Managers.

Education and Experience Required:

Bachelor's degree and a minimum of 11 years of relevant experience, or in lieu of a degree, a combined minimum of 15 years of higher education and/or work experience, including at least 11 years of relevant experience.

A minimum of 4 years of managerial experience.

Strong understanding of quantitative analysis, econometric modeling, statistics, and related mathematics, along with commercial bank balance sheet management.

Advanced knowledge of risk analytics, including the development, implementation, and utilization of all relevant technologies and methodologies within an operationally and regulatory compliant framework.

Exceptional quantitative, model development, financial, economic, and statistical skills, including proficiency in statistical programming and data structures.

Familiarity with banking products and behaviors related to credit, interest rate risk, liquidity risk, stress testing, and economic capital management.

Excellent verbal and written communication skills, strong cross-functional collaboration abilities, leadership capabilities, and presentation skills.

Education and Experience Preferred:

3+ years of experience in developing sophisticated modeling frameworks utilizing cutting-edge techniques (e.g., ML, Python, PySpark, R).

Strong understanding of quantitative analysis, econometric modeling, statistics, and related mathematics, particularly in the context of commercial bank ratings frameworks.

Advanced knowledge of risk analytics, including the development, implementation, and utilization of all relevant technologies and methodologies within an operationally and regulatory compliant framework.

Proven track record of gathering, matching, and processing large datasets across various data types (structured or unstructured).

Knowledge of model development and governance standards within the banking sector, especially concerning credit card and consumer lending.

Excellent verbal and written communication skills, cross-functional collaboration skills, leadership skills, and presentation skills.

A PhD in Mathematics, Statistics, Quantitative Analysis, or another technical discipline is a plus. Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) designation is also advantageous.

Demonstrated ability to work both autonomously and collaboratively within a team environment.

A strong desire to learn and contribute to the team.