Quant Analytics Sr. Associate- Model Risk

Location :

127 Public Square, Cleveland Ohio

ABOUT THE JOB

As a Senior Quantitative Analytics Associate, you will be responsible for leading independent validations and reviews of the bank's various risk models. This role ensures that models are functioning as intended, comply with regulatory requirements, and that their risks are accurately identified, measured, and reported to senior management. Specifically, you will be performing in-depth validations and reviews of new and existing models used across the bank, including those for fraud risk, compliance risk (such as AML, OFAC), and / or other areas.

ESSENTIAL JOB FUNCTIONS

• Perform hands-on quantitative model validation / review. This includes testing the model's conceptual soundness, data accuracy, methodology, and ongoing performance through techniques like backtesting, benchmarking, and 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 and provide them with executable finding remediations.
• Prepare detailed validation reports and memos that document the validation approach, findings, and conclusions.
• Participate in internal audits and regulatory exams by presenting validation results and methodologies and assisting in the remediation of any audit or exam findings.
• Act as a subject matter expert on modeling techniques, risk management practices, and regulatory trends. This involves performing research and developing advanced analytical tools or benchmarking models to aid the validation process.

REQUIRED QUALIFICATIONS

EXPECTED COMPETENCIES

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $94,000.00 - $175,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation subject to individual and company performance.

This position is eligible to earn a base salary in the range of $100,000to $135,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includeseligibility forshort-term incentive compensation and deferred incentive compensation subject to individual and company performance.

Please click for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date : 12 / 07 / 2025

KeyCorp is an Equal Opportunity Employer committed to 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, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.

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