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

Date Posted: 7/29/2018

Job Snapshot

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

Job Description

Essential Job Functions

The credit modeling process is vitally important to KeyCorp’s capital planning and reserving processes. In order to estimate appropriately set reserves as well as estimate capital, credit loss models are centrally important to forecasting 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 develop commercial credit loss forecasting models. The primary responsibility will be a deep understanding of statistical modeling techniques, underlying commercial loans and the drivers and predictors of future credit loss.

The Senior Quantitative Associate will be required to have a deep understanding of commercial and industrial (C&I) 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

Skills Required

  • Knowledge of statistical modeling techniques
  • Ability to understand sophisticated statistical models at a theoretical level, and explain / document them appropriately for an in-depth technical review
  • Excellent communications skills – internally and externally, including with regulators
  • Ability to understand and use statistical models in SAS, R, Matlab, Python etc.
  • Ability to organize and manage a project in order to meet tight deadlines with high quality deliverables
  • Familiar with Tableau or other business intelligence tool for visualizing data is a strong plus

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 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.


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: 29469BR

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