KeyBank · 2 months ago
Quant Analytics Assoc - Model Risk
Cleveland, OH
Full-time
Hybrid
Entry Level
$68K/yr - $103K/yr
1+ years expKeyBank is a financial services company that is seeking a Quantitative Analytics Associate. In this role, you will be responsible for the independent validation and review of the bank's various risk models to ensure compliance with regulatory requirements and that associated risks are accurately identified and reported.
Banking
Responsibilities
Perform hands-on quantitative model validation/review under supervision. This includes testing the model's conceptual soundness, data accuracy, methodology, and ongoing performance through techniques, such as back-testing, benchmarking, sensitivity analysis, stress testing, etc
Provide an effective challenge throughout the model validation/review to ensure that models are robust, and all assumptions and limitations are justified
Present findings, weakness and/or observations identified from the validation/review to model developers/owners to ensure executable finding remediations
Prepare detailed validation reports and memos that document the validation approach, findings, and conclusions
Qualification
Required
Bachelor's degree in statistics, mathematics, economics, financial engineering, data sciences, predictive modeling, or other quantitative disciplines
One year of relevant analytics or modeling experience, or a graduate degree in a related field
Experience in data handling, performing data transformations and data cleaning
Experience in statistical testing and root-cause analysis
Experience in traditional and AI/ML model development or validation, with a good understanding of quantitative modeling methods (including AI/ML algorithms) used for various risk predictive models, such as fraud risk, AML risk models, etc
Proficiency in programming languages such as Python, R, SQL or SAS
Excellent written and verbal communication skills to clearly articulate complex technical findings to both technical and non-technical stakeholders
Benefits
Eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
Company
KeyBank
At KeyBank we’ve made a promise to our clients that they will always have a champion in us.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Chris Gorman
Chairman, Chief Executive Officer, and President, KeyCorp
Holly Santoro
Executive Administrator to the Chairman & CEO
Recent News
2023-08-28
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