Director, Quantitative Analysis in Cleveland, OH at Key Bank- Corporate

Date Posted: 6/13/2018

Job Snapshot

  • Employee Type:
  • Location:
    1360 West Mall Drive
    Cleveland, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

POSITION: Director, Quantitative Analysis

Essential Job Functions
For its Model Development Group within the Risk organization, KeyCorp is looking for a Director of Quantitative Analysis to lead credit model development for commercial credit portfolios for new allowance (CECL) and stress testing purposes. A successful candidate will integrate well with partners in Model Risk Management (MRM), Enterprise Credit and Operational Risk, Balance Sheet and Capital Management, Technology, Audit and Compliance as well as Federal Reserve and OCC.
This position will manage a group of quantitative analysts responsible for developing and evaluating loss modeling for Commercial Real Estate, Corporate & Institutional banking and Business Banking lending portfolios. This individual will act as a senior level resource or resident expert on particular analytic/quantitative modeling techniques.
The primary responsibilities of the Director, Quantitative Analysis will include:
  • Developing and leading the Commercial Credit Loss Forecasting models, including supporting the implementation of modeling and analytical methodologies.
  • Working closely with the Risk Management team and other internal and external constituents, including regulatory/governing bodies, to shape and prioritize the analytical work effort
  • Providing advice and recommendations to business leaders within the company to ensure the highest standards of practice, including the incorporation of CECL & stress testing into the ongoing evaluation of risk
  • Performing the most complex qualitative and quantitative assessments on all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity
  • Building and leading a team, and providing professional guidance to a team of quantitative analysts
  • Participating in industry and firm-wide regulatory committees to influence policy creation and ensure that such policies and execution are consistent with the needs of regulators
  • Efficiently and effectively assessing and deciding on process risks and identifying potential control weaknesses

Required Qualifications

  • 10+ years of risk modeling and analytics experience within financial services.
  • PhD or MS in heavy quantitative field: finance, econometrics, mathematics, physics, engineering.
  • Experience with CCAR & DFAST modeling
  • Experience with Mortgage and/or Consumer lending portfolio’s risk modeling
  • Experience in developing and defining analytical methodologies.
  • A leader and a motivator – who can recruit, retain and advance great people.
  • A relationship builder, who can establish trust and credibility across the organization as well as with regulators and other key external constituents.
  • Hands-on approach, with proven execution/process skills. Organized and focused on delivering results.
  • Impeccable integrity, sound judgment, and strategic vision.
  • Excellent communications skills – internally and externally, including with regulators.

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.

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.


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.

JobID: 29437BR

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