KeyBank Market Risk Quant/Modeling Analyst in Cleveland, Ohio
About the Job
Market Risk performs oversight of the Fixed Income, Equities, Foreign Exchange and Interest Rate and Commodity Derivatives Trading activity. The individual in this role will perform a broad range of quantitative analysis to support the Market Risk function and will interface with Traders (risk takers), Technology, Senior Managers, Compliance, Credit, Model Risk and Accounting to manage risk against policies and limits.
Essential Job Functions
Analyze and control daily risk metrics produced on trading activities including Fixed Income, Interest Rates Derivatives, Commodity Derivatives and Foreign Exchange.
Perform Model Validations among various Trading, Middle Office and Risk Management systems that include:
Understanding the conceptual framework and assumptions of the models
Assessing model performance through price replication, benchmarking and backtesting.
Support how models are used in the business decision making process
Support the Front Office on pre-deal Counterparty Credit Risk PFE/CVA requests.
Coordinate with other groups including Information Technology to define specifications and production roll-outs for the Risk and Middle Office systems.
Interface with Technology, vendor, and project teams to advance Market Risk’s development and implementation objectives.
Guide and manage Market Risk’s participation in corporate and departmental priority projects
Supports Market Risk policies and processes
Bachelor’s degree with a strong preference for a Master's degree in finance, mathematics, statistics or other quantitative field.
1+ years’ experience and advanced knowledge of finance including valuation methodologies, understanding of capital markets, financial instrument modeling, Value at Risk and Counterparty Credit Risk.
Proficiency in the use of Microsoft Office with advanced experience in Excel and VBA.
Ability to perform multiple tasks simultaneously to meet strict deadlines
Strong and effective oral and written communication skills
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.
ABOUT THE BUSINESS:
Key Enterprise Risk Management provides leadership on risk management strategies and initiatives for credit, market, compliance and operational risk, as well as portfolio management, quantitative analytics and asset recovery activities. Key's objective is to achieve and sustain strong enterprise risk management practices consistent with industry standards and regulatory expectations in support of business strategies. To reach this goal, risk is identified, measured and managed in a manner that promotes effective decision-making and instills accountability. A strong risk culture is critical to achieving our vision to become the best regional bank in the U.S.
FLSA STATUS: Exempt
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and 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.