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

Date Posted: 1/3/2020

Job Snapshot

Job Description

About the Job

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 Quantitative Associate to develop consumer credit loss forecasting models. The primary responsibility will be a deep understanding of statistical modeling techniques, underlying consumer loans and the drivers and predictors of future credit loss.

Essential Job Functions

The Quantitative Associate will be required to have a deep understanding of consumer 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, with PhD preferred
  • 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 Qualifications
  • 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


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.

39525BR

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