Model Risk Analyst

Title: Model Risk Analyst Location: One M&T Plaza, Buffalo, NY 14203 Job Description: Contribute to a Model Risk Management team under limited supervision, responsible for independently providing controls and governance over the development, execution, and maintenance of models in conjunction with independent model validation. Use SAS, R, Python, and MATLAB to develop model analytics with limited supervision. Extract and analyze data from source systems for use in model validations. Independently review and validate models used across the Bank for capital stress testing, risk measurement and prediction, pricing, forecasting, wealth management, marketing, compliance, profitability and management decision-making, and other functions. Collaborate with the team lead to validate complex models under limited supervision. Independently conduct full and targeted scope validations, assessments of model performance, and evaluations of finding remediations. Review development and execution codes. Research and evaluate each models theory and design under limited supervision. Conduct independent analyses of model assumptions and outcomes; determine impact of model deficiencies and limitations; review model documentation; perform testing and benchmarking when applicable; produce reports, memos, and presentations of reviews performed; develop ad hoc processes to address efficiency gains; and engage with regulators and audit teams during process reviews. Position is eligible for 100% remote work. Requirements: Master’s degree (or foreign equivalent) in Mathematics, Statistics, Quantitative Finance, Economics, or any engineering or related quantitative field. Must have at least one (1) year of experience conducting regression analyses; using SAS, R, Python, or MATLAB to develop model analytics; reading and analyzing data; and building models based on analytic results. Experience may be gained through graduate coursework, internships, and/or prior experience. Location Buffalo, New York, United States of America At M&T Bank, we make a difference in people’s lives. For more than 160 years, we’ve been providing our customers with guidance and financial solutions, leading our communities through challenges and growth opportunities, and empowering our employees to build purpose-driven careers. Our talent and culture set us apart. Our core values drive the work we do – integrity, ownership, collaboration, curiosity, candor. We seek to further build upon our record of success by bringing in diverse talents and fresh skill sets while supporting the growth and development of all team members. At M&T, we are a talent and people driven organization. Take a peek inside M&T’s Human Capital Report to learn how it feels to be one of our 17,000 employees. We are constantly renewing. Our future success relies on our ability to understand what’s important to our customers and use that understanding to build new and innovative customer experiences. We support our employees every step of the way. Competitive compensation Full medical & dental benefits, Heath Savings & Flexible Spending Accounts, and life/disability insurance Generous paid time off (PTO) plus 11 paid holidays and an option to buy additional PTO 401(k) match at 5% with options for Roth and discretionary employer contributions A deep commitment to equity, including 14 resource group charters, a D&I sponsorship program, 40 annual paid volunteer hours and more Various options for tuition assistance, paid parental leave, stock purchase, wellness and employee discounts We need you. Are you ready to join us? Apply today to start the journey. If you are unable to apply through this site due to technical issues or are in need of an accommodation to apply, please contact us at careersitesupport@mtb.com for assistance. M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.