Sr Secondary Quant Analyst in Cleveland, OH at Key Bank- Corporate

Date Posted: 10/11/2018

Job Snapshot

  • Employee Type:
  • Location:
    100 Public Square
    Cleveland, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

About Key
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $87 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices; a network of 1,576 ATMs; telephone banking centers 800-KEY2YOU® (800-539-2968); and a website,®, that provides account access and financial products 24 hours a day.

About the Job
Individual will perform a broad range of quantitative analysis to support the Secondary Marketing Group within KeyBank Mortgage. The individual will interact with the Model Risk Group, Market Risk Group, and others to perform new and ongoing model validation related functions as it relates to the mortgage divisions risk, valuation, and trading models. Additionally, the analyst will interact with management, traders, and the secondary reporting group to improve modeling capabilities and to develop quantitative reports related to the pipeline/warehouse, portfolio, MSR, hedge, and margin management functions. The position requires a strong quantitative background.

Essential Job Functions
- Be the subject matter expert in regards to the operational and conceptual framework and assumptions of the risk/valuation models
- Utilize prior risk management experience and knowledge of hedging/valuation models and their interaction with the business decision-making process
- Preparing and presenting the documentation required by the Model Risk Group for new model development and for the improvement and ongoing maintenance of the models.
- Use quantitative skills to assess model performance and develop reporting methodologies for those assessments.
- Work with managers, traders, and other analyst to validate model changes in addition to driving changes that facilitate improved valuation risk management processes.
- Respond to queries from internal partners, external auditors, and regulators related to the adequacy of the models and their uses
- Assess model risks and limitations, and devise protocols to mitigate/adjust for those risk and limitations
- Working collaboratively with model risk in the validation process
- Work with external model developers, financial analyst, and valuation agents to broaden understanding of financial markets and the mortgage business to aid in model enhancement and risk measurement

Required Qualifications
- 3+ years in a Secondary marketing role using QRM to analyze and hedge the risk decision using mortgage backed security
- Experience with CCAR process and credit risk modeling
- Bachelor's or Master's degree in finance, mathematics, statistics or other quantitative field.
- 3+ years of financial modeling/ model validation experience
- Experience with development of testing methodologies and creation of working papers
- Advanced knowledge of statistics, mathematics and financial modeling
- Strong analytical, quantitative, and communication skills
- 3+ years working knowledge of SQL, SAS, MATLAB or other advanced statistical software
- Proficiency in the use of Microsoft Office with advanced experience in Excel
- 3+ years proficiency in a programming language such as C++ or VB.
- Ability to perform multiple tasks simultaneously to meet strict deadlines.
- Ability to work independently and in collaboration with other team members and external partners
- Understanding of Mortgage Backed Securities, Mortgage Servicing Rights, and financial markets a plus

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

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 Community Bank serves individuals and small to midsized businesses from Maine to Alaska through our 15-state network of over 1,200 branches, 1,500 ATMs, telephone banking and robust online and mobile platforms. KeyBank’s Consumer/Business Banking segment provides consumers and small business owners with straightforward banking solutions and personal finance expertise that helps them make confident financial decisions today and plan for tomorrow. Key Private Bank offers wealth planning that follows a consistent, disciplined approach guided by objective advice based on each unique situation. KeyBank Commercial Bank offers midsize business financial services that drive growth and profitability and help business owners identify new opportunities with products and services including deposit, cash management, investment services, commercial lending, equipment leasing, and asset-based lending.


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: 31572BR

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