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Quantitative Analytics Manager - Qualititative Risk Assessment in Cleveland, OH at Key Bank- Corporate

Date Posted: 9/4/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    127 Public Square
    Cleveland, OH
  • Date Posted:
    9/4/2020

Job Description

JOB BRIEF (PURPOSE)

Qualitative Risk Assessment (QRA) is responsible for overseeing and conducting independent risk assessments of non-models and tools. Key uses non-models and tools (referred to collectively as non-model qualitative processes) to support its business functions, including estimating and managing risk exposure and losses, identifying idiosyncratic risk exposures, calculating risk-based pricing, and analyzing various business strategies. As part of its use of these non-model qualitative processes, Key is exposed to Qualitative Risk. Qualitative Risk is the risk to KeyCorp’s earnings, capital, strategy or reputation due to the misuse or failure of a qualitative process. As part of the Qualitative Risk Management Program, this risk is monitored and managed to ensure the ongoing accuracy, suitability and reliability of Key’s qualitative processes.

As non-model qualitative processes use considerable business expertise and judgment, and generally require technical skills to build, implement, and manage them. Independent assessments in compliance with the Non-Model Qualitative Process Review and Challenge Standards are conducted by QRA to ensure that processes and methodologies used for non-models are meeting the requirements of the Standards for Development of Non-Model Qualitative Processes and Qualitative Risk Program.

The QRA Quant Analytics Manager leads a team responsible for the completion of independent assessments conducted to ensure that processes and methodologies used for non-models and tools are accurate, suitable and reliable for use. Through a series of meetings, interviews and research, and the application of the Standard for Review & Challenge of Non-Model Qualitative Processes, the individual will lead the development of a formal report of the non-model qualitative process use based on scope, materiality, and supporting formal documentation from the process owner and developer. The individual will gather information from formal documentation on assumptions made, and methodologies/processes in use, in order to establish the approval conclusion. The position will report to the Head of Qualitative Risk Assessment, lead the Enterprise Non-Model and Financial Disclosure team and work closely with the Risk Modeling & Analytics and Model Risk groups and the Enterprise Risk Office.
ESSENTIAL JOB FUNCTIONS

  • Interface on behalf of Qualitative Risk Assessment with the Lines of Business, Capital Management and Treasury teams, Risk Modeling and Analytics, and Model Risk in the administration of the Qualitative Risk Management Program, delivering presentations to these groups as needed.
  • Lead Enterprise Non-Model and Financial Disclosure team in the development and completion of independent qualitative risk assessments of the assigned non-model qualitative processes to ascertain soundness of employed methodologies used to approximate, estimate control or manage risk in accordance with the Non-Model Qualitative Process Review and Challenge Standards and Procedures. Implement and refine the periodic certification survey process for Enterprise/CECL qualitative risk assessments.
  • Partner with Finance, Line of Business and other Risk teams to understand key business drivers in the assessment of the calibration of stress assumptions and risk drivers across risk types.
  • Testing of appropriateness of the controls designed for the data, methodology, and estimates applied to non-model qualitative processes.
  • Assist in the development and ongoing strategic enhancements of criteria used in the assessment of the Materiality of a non-model qualitative process
  • Analyze and synthesize market risk and other quantitative risk results to quantify, demonstrate and understand of the impact of changes in the macroeconomic environment, exposure levels and methodology / modeling assumptions from stress testing. Support Capital Adequacy Stress Test Assessment activities as needed.
  • Extensive working knowledge of Key internal reporting systems and experience with creating databases with ability to read, write and/or translate some technical code to produce meaningful financial analysis reports.
  • Provide administrative support in the production of the quarterly Qualitative Risk Committee meetings. Maintain and revised documentation of departmental procedures as required.
  • Provide analysis to regulators, senior management, and Model and Qualitative Risk Committees, as directed.
REQUIRED QUALIFICATIONS
  • A Bachelor’s degree or equivalent is required (preferably in a quantitative field such as Economics, Finance, or Mathematics). CPA, CFA or advanced degree is preferred.
  • 5 to 7 years of banking or financial industry knowledge and experience is required.
  • Proficient in Microsoft suite (Word, Excel, Access, Dbase, PowerPoint, etc)
  • Ability to work under pressure and adhere to strict deadlines with an excellent attention to detail and ability to multi-task.
  • Excellent written and verbal communication skills, especially in relation to policies and procedures, and effective facilitator of group discussions. Ability to document processes and effectively challenge business units for risk and control purposes.
  • An inquisitive nature, strong communication and negotiation skill are required to effectively obtain business requirements and approvals from various stakeholders; detail orientation, good interpersonal skills, accuracy, focus and teamwork are required.
PREFERRED QUALIFICATIONS
  • Knowledge of operational auditing, credit training, risk assessment and prior exposure to commercial banking areas such as risk management, market risk management, corporate treasury, or other financial reporting processes is preferred.
  • Demonstrated knowledge and experience in understanding a variety of quantitative methodologies, and modeling tools use in the estimation of risk is a plus.
  • High attention to detail and ability to work independently to produce executive-level materials, analyses, presentations
  • Familiarity with stress testing and capital planning strongly preferred
  • Proven strong problem solving, analytical and technical skills to understand and identify business needs in order to communicate solutions.
  • Knowledge of financial reporting systems and proficiency in databases, Programming, Microsoft suite (Word, Excel, PowerPoint), Statistical Software (e.g., SAS, R, Matlab), and visualization tools such as Tableau. Working knowledge of GRC software is a plus
  • Demonstrated strong interpersonal skills, personal integrity and initiative


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.

43928BR

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