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Quantitative Analytics Lead Associate, Model Risk in Cleveland, OH at KeyBank

Date Posted: 2/21/2021

Job Snapshot

Job Description

Quantitative Analytics Lead Associate, Model Risk to work in Cleveland, OH (multiple positions): Develop the conceptual design and testing of in-house and vendor models by reviewing, developing and editing inputs, methodologies and processing of designs aimed at uncovering anti-money laundering transactions, sanctions screening, fraud, origination credit scorecards, retail credit loss forecasting, liquidity, valuation, and profitability models. Analyze models and confirm the appropriate use of models for the process of uncovering financial crimes. Monitor model performance by developing and adhering to a strict ongoing monitoring schedule as well as extracting and sharing analytical results to assist in evaluating model reliability and performance. Vent and verify implementation of models and quantitative methods to ensure intended use. Assess adequacy of monitoring, maintenance, and documentation of models and quantitative methods. Identify and escalate risks and issues identified, and effectively document the testing and conclusions. Assist internal stakeholders to communicate risks and issues. Execute “below-the-line” and synthetic name testing to evaluate threshold settings for alert. Leverage SAS to perform model reconciliation and testing activities. Test models and analyses on a regular basis. Maintain model inventory, comply with quarterly model attestation requirements, and perform other “First Line of Defense” responsibilities of model owners. Use of CCAR, EC, Credit Risk Rating, Compliance, SAS, SQL and Python. Requires a Master’s Degree in Statistics/Economics/Financial Risk Management (or equivalent based on evaluation of academic credentials, training and/or experience) as well as six (6) months in job or job related experience to include monitor model performance by developing and adhering to a strict ongoing monitoring schedule as well as extracting and sharing analytical results to assist in evaluating model reliability and performance; assess adequacy of monitoring, maintenance, and documentation of models and quantitative methods; and test models and analyses on a regular basis. Experience may have been gained before, during or after degree. Opportunity to work from home. Full-time position at 40 hours/week, Monday through Friday 8:00 a.m. to 5:00 p.m. KeyBank National Association, apply online at www.keybank.com. Must reference job code 45679BR. EOE.

FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer Min/Fem/Vet/Disabled

45679BR

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