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

Date Posted: 5/29/2018

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    1360 West Mall Drive
    Cleveland, OH
  • Job Type:
    Banking
  • Experience:
    Not Specified
  • Date Posted:
    5/29/2018

Job Description

Essential Job Functions

For its Model Development Group within the Finance organization, KeyCorp is looking for a Senior Quantitative Associate to perform analytics on Economic Capital. This individual will independently build and performs qualitative and quantitative analysis on all credit portfolios. He / She will interact with industry leading tools and advanced models which will feed into pricing, incentive compensation, risk concentration and profitability strategy.

This individual will manage end to end analytics of economic capital dealing with multiple stakeholders in various lines of businesses. He / she will need a firm grasp of economic capital concepts and should be able to communicate them to executives and line of business leaders. He / she will use quantitative tools and techniques to measure and analyze model risks and reach conclusions on strengths and limitations of the models.


Required Qualifications

  • Three to five years’ experience in quantitative analytics
  • Ph.D. or Master’s degree in economics, finance, mathematics, statistics or other quantitative field.
  • Advanced knowledge of statistics/econometrics
  • Working knowledge of SAS or other advanced statistical/econometric analysis software
  • Proficiency in the use of Microsoft Office with advanced experience in Excel
  • Knowledge of relational databases (e.g. SQL) and ability to pull data effectively
  • Excellent analytical ability
  • Critical thinkers with business intuition, intellectual curiosity, and ability to execute
  • Hands-on approach, with proven execution/process skills. Organized and focused on delivering results
  • Impeccable integrity, sound judgment, and strategic vision.
  • Excellent communications skills – internally and externally, including with regulators





Skills Required


  • Relational databases and SQL programming.
  • Ability to use advanced statistical and mathematical software to perform statistical estimation on financial data.
  • Knowledge about Monte Carlo simulations and NPV models
  • Ability to analyze complex financial instruments, create spreadsheets and write code to facilitate the analysis
  • Strong organization skills are required to perform multiple tasks simultaneously to meet strict deadlines
  • The ability to explain complex information in simple and concise format


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: 29467BR

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