• Job Description

  Req#: R48204

  Overview:

  This position is responsible for managing the validations of the Bank’s Quantitative models in support of both economic and regulatory requirements. The responsibility includes the strategic and day-to-day management of the Model Risk Management Department’s technical expertise (business knowledge, applicable regulations, affiliated technology) and personnel needs. This position will interact with model developers, various lines of business and support areas, and governance committees to manage model validation risk throughout the bank and support the capital planning, CECL and other BAU processes.

  Primary Responsibilities:

  • Manage the independent review and validation of more complex models used throughout the organization, focused on assessing risk and validating Capital Planning, CECL, Scorecards, AUM, BSA/AML, Marketing, AI/ML and other models across the Bank, and ensure compliance with SR 11-07.
  • Participate on the Bank’s senior committees (CMC, ALCO, MRC, SDG, MROC) related to all Validation responsibilities
  • Responsible for the strategic planning and short-term initiatives of model validation activities including contingency planning and regulatory compliance
  • Manage the validation and analysis of expert judgment or qualitative factors that augment quantitative models; review to confirm proper controls and adequate documentation are in place.
  • Recommend, as necessary, the cessation of reliance on models that are outdated or inaccurate, as determined by independent analysis.
  • Design and monitor appropriate KRIs and performance metrics to effectively manage model validation risk for the Bank.
  • Build strong relationships and consensus across the organization, aligning conflicting priorities and resolving issues as required in order to achieve progress.
  • 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.
  • Exercise usual authority of a manager concerning staffing, performance reviews and ratings, promotions, salary recommendations, performance management and terminations.

  Scope of Responsibilities:

  • This position is responsible for the day to day and strategic direction of the model validation function and requires a thorough knowledge of Banking businesses, applicable regulations and affiliated technology.
  • The incumbent must be able to plan, organize and supervise work of staff and produce results.
  • This position will interact with various lines of business and support areas, including Credit Risk, Finance, Treasury, and Mortgage, to manage model risk throughout the bank and support the capital planning/ACL processes.

  Supervisory/Managerial Responsibilities:

  • Directly manage 5-7 Senior Validation Managers, a team of 20-25 total individuals.

  Education and Experience Required:

  • Bachelor’s degree and a minimum of 11 years’ relevant work experience, or in lieu of a degree, a combined minimum of 15 years’ higher education and relevant work experience.
  • Minimum of 4 years’ managerial experience.
  • Proficient in the use of personal computers including word processing, spreadsheet, presentation, and industry specific software.
  • Strong analytical skills.
  • Excellent verbal and written communication skills.
  • Strong interpersonal skills necessary for business partner relationships within and outside organization.
  • Detail oriented.
  • Self-motivated.

  Education and Experience Preferred:

  • Advanced degree (Masters or PhD) required in a Mathematics, Statistics, Business, or Science-based discipline
  • Eight to ten years of experience in developing or validating models
  • Minimum three years’ experience in a Commercial Banking, Risk, or Finance quantitative role leveraging analytical abilities.
  • Three to five years of management experience.
  • Demonstrated technical knowledge of advanced software packages used in analytics. (e.g., SAS, QRM, Strategic Analytics, Monte Carlo software).

  Location

  Buffalo, New York, United States of America

• About the company

  M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York.

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