Jobs for People with MS: National MS Society

Overview:

Responsible for managing the validations of the Bank’s Quantitative models in support of both economic and regulatory requirements. 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. 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, Current Expected Credit Losses (“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, Assets Under Management (“AUM”), Bank Secrecy Act/Anti Money Laundering (“BSA/AML”), Marketing, Artificial Intelligence/Machine Learning (“AI/ML”) and other models across the Bank, and ensure compliance with SR 11-07.

• Participate on the Bank’s senior committees (Capital Management Committee, Asset and Liability Committee, Management Risk Committee, Scenario Development Group, Model Risk Oversight Committee) as the subject matter expert on Model Validation activities.

• 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• Recommend, as necessary, the cessation of reliance on models that are outdated or inaccurate, as determined by independent analysis.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 Key Risk Indicators (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 to achieve progress.

• Exercise usual authority of a manager concerning staffing, performance reviews and ratings, promotions, salary recommendations, performance management and terminations. Promote an environment that supports diversity and reflects the M&T Bank brand.

• Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. 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.

• Other duties as assigned.

Scope of Responsibilities:

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.

Incumbent must be able to plan, organize and supervise work of staff and produce results.

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:

Master’s or Doctoral degree in a quantitative discipline (including, Statistics, Mathematics, Engineering, Business Management) with 9 years of relevant financial services experience (including model development, model validation, analytics) inclusive of 4 years’ managerial experience or in lieu of degree a combined minimum of 15 years’ higher education and relevant work experience.

Demonstrated technical knowledge of advanced software packages used in analytics. (e.g., SAS, QRM, Strategic Analytics, Monte Carlo software).

Education and Experience Preferred:

Minimum three years’ experience in a Commercial Banking, Risk, or Finance quantitative role leveraging analytical abilities.

Location

Clanton, Alabama, United States of America

M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.