Quant Analytics Assoc Model Risk Job at KeyBank, Cleveland, TN

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  • KeyBank
  • Cleveland, TN

Job Description

Location:

127 Public Square Cleveland Ohio

ABOUT THE JOB (JOB BRIEF)

As a Quantitative Analytics Associate under supervision you will be responsible for the independent validation and review of the banks various risk models. This role is intended to ensure that models are functioning properly comply with regulatory requirements and associated 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 designed for mitigating of Fraud Risk Compliance Risk (such as AML OFAC) Credit Risk (such as CECL) Market Risk/Treasury/Liquidity Risk etc.

ESSENTIAL JOB FUNCTIONS

  • Perform hands-on quantitative model validation/review under supervision. This includes testing the models 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

REQUIRED QUALIFICATIONS

  • Bachelors 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

EXPECTED COMPETENCIES

  • Leadership: Will work under supervision; Starting developing skills to solve various problems independently and communicate effectively
  • Partnering / Influencing: Strong relationship building ability; Strong interpersonal skills; Developing ability for effective discussion with business partners technology etc.
  • Business Acumen: Developing understanding of business operation key drivers of financial results and business impact; Developing knowledge of our competition and industry; Possesses intellectual curiosity
  • Critical Thinking / Problem Solving: Leverages critical thinking and business acumen to provide solutions to increasingly more complex problems; Understands impacts / intersections with other business partners / LOBs; Aware of potential pitfalls with each recommended solution; thoroughly vets and thinks through options before making a decision
  • Communication: Strong writing skills; organizes material for brevity persuasiveness and impact; Effectively communicates key points to respective stakeholders with the right amount of detail; Proactively shares information beyond those at the table who may have a need to know; Comfortable in situations where conflict is present

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $68000.00 - $103000.00 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.

Please click here 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: 12/28/2025 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.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing

# LI-Remote

Job Tags

Full time, Work at office, Remote work, Flexible hours,

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