M&T Bank Corporation

Senior Quantitative Risk Manager - BSA/AML

M&T Bank Corporation$148K — $247K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a related field, or equivalent work experience (14 years total, including 10 years in a related role with 4 years in management).
  • Master's degree in Mathematics, Statistics, or Quantitative Analysis with 8 years of relevant experience (including 4 years in management) preferred.
  • Extensive experience in banking or financial services.
  • Strong proficiency in SAS and Python, including SAS Enterprise Miner.
  • Advanced knowledge of SQL and Microsoft Office, with a proven track record in data manipulation. "],
  • responsibilities
  • development of statistical and machine learning models across the entire lifecycle.
  • Define modeling requirements alongside internal business stakeholders for scalable analytical solutions.
  • Analyze and derive insights from complex datasets, presenting findings to senior management.
  • Create and maintain comprehensive model documentation, ensuring compliance with regulatory standards.
  • Develop production-quality analytics using Python and SAS.
  • Liaison for Quantitative Risk Management initiatives, collaborating with various stakeholders.
  • Manage and mentor Quantitative Analysts and Modelers, focusing on skill development.
  • Ensure compliance with risk management frameworks and internal controls.

Responsibilities

  • Design, develop, test/validate, implement, and monitor statistical and machine learning models across the full model development lifecycle.
  • Partner with internal business stakeholders to define modeling requirements and translate them into scalable analytical solutions.
  • Analyze large, complex datasets (e.g., transaction data, customer/entity attributes, behavioral and demographic data) and present insights to senior management.
  • Produce clear, defensible model documentation and support governance, validation, and regulatory activities (MRM, audit, regulatory review).
  • Develop and maintain production-quality analytics using Python and SAS.
  • Collaborate with internal and external partners to optimize the risk/reward equation and maximize profitability.
  • Serve as a liaison for Quantitative Risk Management initiatives across business areas, consultants, vendors, and peer banks.
  • Manage and develop Quantitative Analysts and Modelers, including performance and skills development.
  • Ensure adherence to risk management frameworks, regulatory standards, and internal controls.
  • Exercise managerial authority related to staffing, performance, and compensation decisions.
  • Promote an inclusive environment that reflects the M&T Bank brand.

Benefits

  • Opportunity to work in a dynamic and collaborative environment with a focus on professional growth.
  • Chance to engage with key business and compliance stakeholders for impactful decision-making.
  • Access to advanced statistical tools and technologies to enhance analytical capabilities.
  • Leadership role in managing and developing a talented team of analysts.
Full Job Description
Overview:

This position requires expertise in statistical and machine learning model development within a regulated environment. The role manages the full model development lifecycle-including requirements gathering, development, testing/validation, implementation, and ongoing monitoring-and partners closely with business and compliance stakeholders to deliver analytically sound, well-documented solutions. Development work is performed using both Python and SAS.

Primary Responsibilities:

  • Design, develop, test/validate, implement, and monitor statistical and machine learning models across the full model development lifecycle.


  • Partner with internal business stakeholders to define modeling requirements and translate them into scalable analytical solutions.


  • Analyze large, complex datasets (e.g., transaction data, customer/entity attributes, behavioral and demographic data) and present insights to senior management.


  • Produce clear, defensible model documentation and support governance, validation, and regulatory activities (MRM, audit, regulatory review).


  • Develop and maintain production-quality analytics using Python and SAS.


  • Collaborate with internal and external partners to optimize the risk/reward equation and maximize profitability.


  • Serve as a liaison for Quantitative Risk Management initiatives across business areas, consultants, vendors, and peer banks.


  • Manage and develop Quantitative Analysts and Modelers, including performance and skills development.


  • Ensure adherence to risk management frameworks, regulatory standards, and internal controls.


  • Exercise managerial authority related to staffing, performance, and compensation decisions.


  • Promote an inclusive environment that reflects the M&T Bank brand.


Education and Experience Required:

Bachelors' degree,
OR in lieu of a degree,
A combined minimum of 14 years' higher education and/or work experience, including a minimum of 10 years' related experience (inclusive of 4 years supervisory/management experience)
-OR-
Master's degree in Mathematics, Statistics, Quantitative Analysis or another technical discipline and a minimum of 8 years' related experience (inclusive of 4 years supervisory/management experience),
OR in lieu of a degree,
A combined minimum of 14 years' higher education and/or work experience, including a minimum of 8 years' related experience and/or (inclusive of 4 years supervisory/management experience).

Minimum of 10 years' related experience (inclusive of 4 years supervisory/management experience)
Banking or Financial Services experience.
Experience with SAS, SAS Enterprise Miner and other Statistical Software Packages.
Advanced Knowledge of SQL and Microsoft Office.
Ability to utilize analytics in a collaborative manner across business functions and product lines to derive optimum solutions.
Demonstrated ability to communicate complex concepts.
Demonstrated ability to manipulate and analyze data across large databases.

Education and Experience Preferred:

  • Extensive experience with statistical and machine learning model development and ongoing monitoring.


  • Demonstrated experience leading models from concept through production.


  • Strong proficiency in both Python and SAS.

#LI-RS1

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $148,300.00 - $247,100.00 Annual (USD). The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.

Location
Buffalo, New York, United States of America

About M&T Bank Corporation

M&T Bank is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank. M&T Bank traces its origins to the founding of Manufacturers and Traders Bank in Buffalo, New York. As a result of mergers, acquisitions, and name changes, M&T Bank Corporation's principal bank is now known as Manufacturers and Traders Trust Company or M&T Bank. M&T Bank reorganized under a bank holding company in 1969 called First Empire State Corporation. The name was changed in 1998 to M&T Bank Corporation, whose common stock is listed on the New York Stock Exchange and trades under the symbol "MTB."

M&T Bank Corporation Careers

Join the vibrant team at M&T Bank Corporation, a leading financial institution where innovation meets tradition, offering a plethora of job opportunities across various sectors. As one of the most respected banks in the nation, M&T Bank Corporation is the perfect place to jumpstart or advance your career in the financial services industry.

Work You’ll Do

At M&T Bank Corporation, you will be part of a culture that cherishes diversity, leadership, and professional growth. Engage in work that makes a real difference in the community while fostering your career development through comprehensive training programs and diverse learning opportunities.

Innovate and Lead

Embrace the chance to work on projects that integrate cutting-edge financial technologies with robust, traditional banking practices. M&T Bank Corporation is at the forefront of the financial industry, offering innovative solutions that redefine banking standards. Our leadership in the market is driven by a commitment to excellence and continuous improvement.

Career Growth and Opportunities

Whether you are looking for an entry-level position or a more senior role, M&T Bank Corporation provides a dynamic pathway for career advancement. With a variety of job opportunities ranging from internships to full-time positions, you can find the perfect match for your skills and ambitions. Our team is dedicated to helping you navigate your career path with tailored development plans and leadership training.

Join Our Team

Explore job opportunities and join a team that values hard work, creativity, and strategic thinking. M&T Bank Corporation is hiring professionals who are passionate about finance and eager to contribute to a team-oriented environment. Enhance your skills through hands-on experience and ongoing professional development.

Networking and Professional Development

At M&T Bank Corporation, networking and professional development are part of our DNA. Connect with industry leaders, participate in high-impact networking events, and take advantage of our mentorship programs. Our employees benefit from a supportive network that boosts their career trajectories and fosters meaningful professional relationships.

Benefits and Culture

Enjoy a comprehensive benefits package that supports both your professional and personal life. M&T Bank Corporation offers competitive salaries, health benefits, and retirement plans designed to ensure the well-being of our team members and their families. Experience a supportive and inclusive culture where every employee is valued and given the opportunity to thrive.

How to Apply

Ready to take the next step in your career? Visit the M&T Bank Corporation Careers page to browse current openings, submit your resume, and prepare for your interview. We are excited to see how your skills and ideas can contribute to our continued growth and success.

Stay Connected

Keep up to date with the latest from M&T Bank Corporation by following our careers blog. Gain insights from our experts and stay informed about new job openings and upcoming networking events. Join M&T Bank Corporation today and be part of a team that is dedicated to growth, innovation, and leadership in the banking industry. Your future starts here!
Learn more about M&T Bank Corporation
Size
17,115 employees
Market Cap
$25.2 billion
Industry
Net Income
$1.3 billion
Founded
1868
5 Year Trend
+0.2%
NASDAQ

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