Market Risk Analytics Manager - CTO

Location:

127 Public Square - Cleveland, Ohio 44114

ABOUT THE JOB (JOB BRIEF)

Market Risk Management team, under the guidance of the Chief Market Risk Officer, within the Risk Management organization is responsible for the second line of defense independent risk management oversight for the market risk (banking book and trading book) and the liquidity risk. Corporate Treasury Oversight (CTO) team within Market Risk provides oversight over all Treasury risk-taking and risk mitigating activities including interest rate risk (IRR), liquidity risk, investment portfolio, and derivatives hedging portfolio. The team performs a broad range of analysis and provides review and challenge to Treasury activities and strategies.

The individual in this role is expected to lead a team of quantitative and business associates that performs a broad range of analysis to support the IRR and/or liquidity risk oversight functions and will be exposed to all areas of Corporate Treasury over time. As part of the CTO team within Market Risk, the team will monitor Treasury activities, analyze trends, identify emerging risks, and strengthen our oversight function.

The Analytics Manager is primarily responsible for leading the development and validation of predictive and machine-learning models for specific business needs using statistics, advanced mathematical techniques, and/or computer science. The Analytics Manager leverages advanced mathematical knowledge, analysis, partnerships, and business knowledge to provide solutions to predictive and prescriptive questions such as "What will happen next?" and "What will we do?". Projects undertaken by the Senior Quantitative Analytics Associate are often broad in scope across multiple business segments and involve guiding a team and/or project through providing solutions to business problems leveraging statistics, best practices or emerging techniques, and quantitative tools / techniques. Success factors include: Demonstrating leadership through strong communication skills, addressing conflict, coaching others on developing technical skills; managing competing priorities and presenting holistic, thoughtful analyses to answer partners' problem statements; prioritizing multiple projects and managing to tight deadlines; establishing reputation as an effective and collaborative partner; Communicating technical theories, observations, and models to a non-technical audience; Leveraging knowledge of strategy, business, and competition to connect day-to-day work of team to the "bigger picture" and driving efficiency in solution delivery

ESSENTIAL JOB FUNCTIONS

• Lead quantitative and business associates in the completion of analytics used in the independent reviews of the IRR risk. Independent reviews could include reviewing assumptions used within stress testing processes, analyzing risk metrics for adherence to risk appetite, assess adequacy of prepayment assumptions in interest rate risk model, and other functions related to Corporate Treasury actions and strategies.

• Leverage [prior work experience in risk management] and [knowledge of financial markets, IRR and/or liquidity concepts, and regulatory expectations] to improve CTO's risk management practices and review and challenge capabilities aiming to establish industry best practices.

• Ensure effective independent oversight and alignment with regulatory guidance and requirements for interest rate risk and/or liquidity risk

• Maintain documentation of processes and procedures according to Key's corporate standards and support Market Risk processes

• Provide input with addressing basic business/analytical problems and challenges

• Create and leverage models, inferential statistics and prescriptive analysis to proactively solve business problems answering the questions "What will happen and what should we do about it?"

• Often responsible for large, complex problems that have broad implications and are less frequent

• Recommend solutions based on understanding of the context, connections, and conclusions

• Reviews deliverables; proactively coaches others on approach and work product

• Lead and evangelize on best practices of capturing and retaining data

• Coordinate with data stewards and anticipate needs process/procedures

• Make continuous improvements to data procedures, including data efficiency

• Recommend best analysis method for the situation

REQUIRED QUALIFICATIONS

• Master's degree (or its equivalent) in statistics, mathematics, economics, financial engineering, data sciences, predictive modeling, or other quantitative disciplines and at least 5 years of relevant experience; or Bachelor's degree (or its equivalent) in statistics, mathematics, economics, financial engineering, data sciences, predictive modeling, or other quantitative disciplines and at least 6 years of relevant experience

• Strong analytic and quantitative skills such as

• Knowledge of financial mathematics

• Advanced knowledge of Excel

• Statistical analysis

• Data visualization

• Deep understanding of NII at Risk, EVE at Risk, Duration of Equity, Deposit Beta concepts and AL/M Practices

• QRM experience is preferred

DATA LITERACY

• Understanding of:

• Best practices for capturing / retaining data

• Pros / Cons of competing analysis methods

• Experience leading by:

• Partnering with others to anticipate and understand needs process/procedures

• Leading information practices / policies / procedures

• Setting standards and expectations for data analysis tools and techniques; ensuring compliance with application

• Promoting increased efficiency of data analysis by advocating clearer data requirements

TECHNOLOGY & TECHNIQUES

• Advanced Microsoft Office Suite

• SQL/NoSQL

• Relationship data structure

• Selecting and retrieving data including unstructured data retrieval, archival, and ETL

• Databases

• Advanced Python/R/SAS:

• Databases

• Efficient coding

• Can build strong code controls and translate code into high-level commentary

• Understanding of and ability to leverage:

• Cloud-based computing

• Distributed computing

MODEL BUILDING & MAINTENANCE

• Ability to:

• Establish standards and best practices; forecast future modeling tools / techniques

• Identify, employ, and evangelize emerging techniques from industry / research

• Coach others on data modeling methods / techniques

• Facilitate sessions for complex data models

• Assess and understand risks; contingency plans

• Communicate observations to senior executives

• Translate technical observations to a non-technical audience

EXPECTED COMPETENCIES

• Leadership: Demonstrated leadership; may have direct reports; Assumes accountability for their work; Sought out for advice; Proactively coaches and guides the work of others; Manages the integration of activities typically within own team; Demonstrates executive presence; Offers an opinion, contributes to the conversation

• Partnering / Influencing: Demonstrated ability to engage and partner at mid to senior leadership levels; Established reputation and track record as an effective and collaborative partner; Coaches and develops relationship building skills in others; Demonstrates managerial courage; willing to dissent from others; leverages organizational and professional savvy and persuasive skills to influence others

• Business Acumen: Understands LOB and KeyCorp strategy; Leverages knowledge of our competition and the business to anticipate needs and make recommendations; Understands how business works; Contributes materially to LOB strategy

• Critical Thinking / Problem Solving: Critical thinker: able to anticipate business partner needs; Sees the "bigger picture"; Advises leaders to make informed decisions based on keen critical thinking and problem-solving ability; Sought out for perspective and guidance with tackling challenges; Can make decisions; considers longer term business strategy in recommending solutions

• Communication: Excellent writing skills; develops writing skills in others; Recognizes the need to deliver the right message at the right tie through the right channel; Articulates the broad implications / impact of the message; Anticipates and addresses conflict; Addresses challenging situations; does not shy away from a tough conversation; Strong presentation development; can coach and guide others to get to the appropriate level of detail and send an effective message; Comfortable presenting to senior levels, easily adapts / changes course, presents with confidence; Demonstrates executive presence

Location open to remote

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $100,000 to $175,000 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 here for a list of benefits for which this position is eligible.

Please click here 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: 03/23/2024

KeyCorp 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 HR_Compliance@keybank.com.

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