Quant/Modeling Associate - Wholesale Model Validation in Cleveland, OH at Key Bank- Corporate

Date Posted: 9/13/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    127 Public Square
    Cleveland, OH
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    9/13/2018

Job Description

ABOUT THE JOB

Conduct independent validations of models across Key in compliance with regulatory and internal model validation policies and guidelines. The person in this role will be viewed as a subject matter expert with a highly specialized skill set. The position requires a strong quantitative background.

ESSENTIAL JOB FUNCTIONS

  • Review and challenge the conceptual framework, assumptions, technical soundness and fit-for-use of KeyBank’s high impact models (e.g. CCAR, EC, Credit Risk Rating, Compliance, etc.)
  • Assess model performance through rigid statistical/quantitative analyses of the model outcomes
  • Verify the correct model implementation through review or replication
  • Assess model risks/limitations and the adequacy of model ongoing monitoring/maintenance
  • Verify the model has been properly documented
  • Document the validation procedures and results

REQUIRED QUALIFICATIONS

  • PhD or Master’s degree in Statistics, Mathematics, or other quantitative field
  • 1+ years of model development or model validation experience in high impact models (e.g. CCAR, EC, Credit Risk Rating, Compliance, etc.)
  • Working experience with SAS required, and knowledge of MATLAB, Python, R, or other programming languages preferred
  • Advanced knowledge of statistics, mathematics and financial modeling
  • Strong analytical and quantitative skills
  • Excellent written and oral communication skills
  • Proficiency in the use of Microsoft Office with advanced experience in Excel
  • Ability to perform multiple tasks simultaneously to meet strict deadlines
  • Ability to work independently and in a team environment in collaboration with other team members and external consulting firms


ABOUT KEY:
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.

JobID: 30349BR

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