Sr. Quant/Modeling Associate in Cleveland, OH at Key Bank- Corporate

Date Posted: 1/5/2020

Job Snapshot

Job Description

About the Job

The stress testing process is vitally important to KeyCorp’s capital planning. In order to estimate capital, credit loss models are centrally important to estimating net losses, which impact the credit loss provision and hence the income and assets of the bank.

For the Risk Modeling and Analytics group within KeyCorp is looking for a Senior Quantitative Associate to execute the loss forecasting models for the semi-annual stress tests. The primary responsibility will be a deep understanding of the statistical models, their output and the ability to communicate the stress testing results to senior management.

Essential Job Functions
The Senior Quantitative Associate will primarily be responsible for running stress testing credit loss models across the banks entire exposure (retail and commercial lending), preparing presentations for executives and the Board of Directors on the results, creating Tableau dashboard for business executives, and documenting the stress testing results and methodologies for the Federal Reserve Board and OCC.

The Senior Quantitative Associate will be required to have a deep understanding of credit products and how they are impacted by both loan attributes as well as economic and financial environments. The position will require strong engagement with internal partners and taking lead on numerous initiatives. Finally, results and other analyses will be shared with various business executives in order to gain insights into the portfolio and share foresights and conclusions from the analysis and modeling process.

Required Qualifications

  • Three to five years’ experience in quantitative credit risk modeling
  • MBA or Master’s/PhD in science field, business, math or statistics
  • Track record of excellent time management and completion of complex projects
  • Strong leadership qualities, including working with highly technical staff from academia and business
  • Deep knowledge of drivers and predictors of default as well as knowledge of the banking sector in general, including emerging trends
  • Impeccable integrity, strong accountability, sound judgment, and strategic vision
Preferred Skills
  • Familiar with Tableau or other business intelligence tool for visualizing data
  • Strong ability to create clear and concise presentations in PowerPoint
  • Excellent communications skills – internally and externally, including with regulators
  • Ability to understand and use statistical models in SAS, R, Matlab, Python etc.
  • Proficiency in Excel, including use of vlookup, pivot tables and graphs
  • Ability to organize and manage a project in order to meet tight deadlines with high quality deliverables
  • Ability to understand sophisticated statistical models at a theoretical level, and explain / document them appropriately for an in-depth technical review


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.


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