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For Those Who Work At Home - Various, Ohio 44145Conduct independent validations of KeyBank's high impact models (e.g. CECL, Credit Risk Rating, AML etc.) in compliance with regulatory and KeyBank's model validation policies and guidelines.The person in this role will be viewed as a deep subject matter expert with a highly specialized skill set. The position requires a strong quantitative background.
ESSENTIAL JOB FUNCTIONS
- Review and challenge the conceptual framework, assumptions, technical soundness and fit-for-use of KeyBank's high impact models
- Assess model performance through rigid statistical/quantitative analyses of the model outcomes
- Verify the correct model implementation through review or replication
- Assess model risks/limitations and the adequacy of model ongoing monitoring/maintenance
- Verify the model has been properly documented
- Document the validation procedures and results
- Coach, develop, and mentor junior model validators
REQUIRED QUALIFICATIONS
- PhD or Master's degree in Statistics, Mathematics, or other quantitative field with advanced knowledge of statistics, mathematics and financial modeling
- 2+ years of model development or model validation experience in high impact models (e.g. CECL, Credit Risk Rating, AML, etc.)
- 5+ years of model development or model validation experience preferred
- 2+ years of working experience with SAS, SQL, Python, or R, with hands-on experience in developing or validating various Machine Learning (ML) algorithms for solving real-world problems
- Strong analytical and quantitative skills
- Excellent written and oral communication skills
- Ability to perform multiple tasks simultaneously to meet strict deadlines
- Ability to work independently and in a team environment in collaboration with other team members and external consulting firms
Location Eligible for Remote Work
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COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $77,000 to $143,000 annually depending on job-related factors such as level of experience. Compensation for this role also includes eligibility for short-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.
Please click for a list of benefits for which this position is eligible.
Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.
Job Posting Expiration Date: 05/25/2024KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.
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 .
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KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and 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, disability or veteran status.