Principal Market Risk Specialist leading the assessment and mitigation of market risk in diverse energy portfolios. Collaborating with executive leadership and leveraging analytical expertise.
About the role
- Senior Quantitative Analytics Associate leading independent validations and reviews of various risk models. Engaging in detailed validation and regulatory compliance efforts for KeyBank's model risk management.
Responsibilities
- leading independent validations and reviews of the bank's various risk models
- ensuring models comply with regulatory requirements and identify, measure, report risks to senior management
- performing in-depth validations and reviews of new and existing models across the bank
- testing model's conceptual soundness, data accuracy, methodology, and performance through techniques like backtesting, benchmarking, and stress testing
- presenting findings and providing executable finding remediations
- preparing detailed validation reports and memos documenting validation approach, findings, and conclusions
- participating in internal audits and regulatory exams by presenting results and methodologies
- acting as a subject matter expert on modeling techniques and risk management practices
Requirements
- Master’s degree (or its equivalent) in a quantitative discipline and at least 3 years of relevant experience; or Bachelor’s degree (or its equivalent) and at least 5 years of relevant experience.
- Hands-on experience in statistical and AI/ML model development or validation, with a strong understanding of quantitative modeling methods (including AI/ML algorithms) used for various risk predictive models.
- 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.
- Knowledge of model risk management policies, procedures, and relevant regulatory guidance (e.g., from the OCC).
Benefits
- eligibility for incentive compensation subject to individual and company performance
- eligibility for short-term incentive compensation
- deferred incentive compensation subject to individual and company performance
- flexible options in circumstances where roles can be performed effectively in a mobile environment
Job title
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Degree requirement
No Education Requirement
Tech skills
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