Model Risk Analyst

M&T Bank is looking for an experienced Model Risk Analyst to join our team. As a Model Risk Analyst, you will be responsible for the development and maintenance of models that enable us to accurately assess risk. You will be expected to ensure that models are accurate, reliable, and compliant with regulations.The ideal candidate for this position will have a Bachelor’s degree in a relevant field, such as Mathematics, Statistics, or Finance, and at least 3 years of experience working in model risk management. You must be organized, detail-oriented, and have strong problem-solving skills. A strong understanding of financial regulations is also necessary.This is a great opportunity to join a forward-thinking organization that values innovation and encourages new ideas. If you are looking to take your career to the next level, we would love to hear from you.

Responsibilities of the Model Risk Analyst:

1. Develop and maintain models that enable accurate risk assessment.
2. Ensure models are accurate, reliable, and compliant with regulations.
3. Analyze financial data, trends, and regulations to identify potential opportunities for improvement.
4. Develop new models to address changing risk environments.
5. Monitor model performance and document findings.
6. Collaborate with other departments to ensure model governance and risk management strategies are properly implemented.
7. Prepare reports and presentations for internal and external stakeholders.
8. Stay abreast of industry best practices and regulatory changes.
9. Provide guidance and advice to other departments regarding model risk management.
10. Coordinate with third parties to ensure compliance with regulations.

According to JobzMall, the average salary range for a Model Risk Analyst in Buffalo, NY, USA is

$80,000 - $100,000 per year.

M&T Bank Corporation is a regional financial services company with more than $115 billion in assets. They provide banking, insurance, investments, mortgage and commercial financial services through more than 750 branches, 1800 ATMs, and a variety of online and mobile services.