KeyBank Sr. Quant/Modeling Associate - CECL in Cleveland, Ohio
Essential Job Functions
For its Risk Modeling & Analytics Group, KeyCorp is looking for a Sr. Quantitative/Modeling Associate to develop analytical methods and models that assess the credit risk of financial products (consumer and wholesale). This individual will build and perform qualitative and quantitative analysis on all credit portfolios in support of the bank’s CECL (Current Expected Credit Loss) compliance, and credit risk analytics. Responsibilities include
Develop CECL compliant loss forecasting models including probability of default (PD), exposure at default (EAD), loss given default (LGD) and risk rating migration. Perform model testing, model implementation and model monitoring. Prepare comprehensive model documentation that meet internal and regulatory standards.
Participate in all stages of model development from model methodology and framework design, data preparation, segmentation, model development, model testing and calibration.
Implement the models and monitor model performance.
Support independent model validation, internal and external audit, and regulators reviews.
Interacts with model owners/users, validators and regulators to address model issues and remediation actions. Interact with business units within Key to better understand their portfolio, risk exposures and modeling needs.
Work on various ad hoc quantitative, modeling, and programming assignments.
PhD or Master’s degree in Statistics, Econometrics, Operations Research, Mathematics or related quantitative field
At least 3 years hands on work and research experience of advanced analytical skills in the areas of statistics, economic/econometrics modeling and data mining applicable to risk management in banking industry
3+ years of experience of analytical and modeling methods including binary and multinomial logistic regression, multivariate analysis, cluster analysis, time series analysis, and panel data analysis
3+ years of experience in programming languages and statistical software including SAS, SQL Working knowledge of SAS or other advanced statistical/econometric analysis software
The ability to understand generally accepted accounting principles
Ability to clearly present analytical findings and methodology to both technical and non-technical audiences and make business recommendations via the use of Microsoft Word and PowerPoint
Proficiency in the use of Microsoft Office with advanced experience in Excel
Strong problem solving and critical thinking skills with business intuition and intellectual curiosity
Ability to multi-tasking and stay organized and focused on delivering results
Candidates with stress testing or IFRS 9 model development experience preferred, but not required
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:
KeyBank has administrative services in place that help support the business. These include: Finance, Human Resources, Legal, and Marketing. KeyBank’s Corporate Center supports strategic initiatives through multiple teams which provide distinctly different, yet interrelated, disciplines for the Corporate Bank Leadership team and its business groups.
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.