M&T Bank

Title: Credit Model Development Quantitative Lead Job Description: - Work Arrangement/Location: This is a hybrid position requiring in-office work three days every week. Ideally the position will be based in Buffalo, NY but may be in an M&T office in Baltimore, MD, Bridgeport, CT, NYC, NY, Iselin, NJ, Boston, MA, Wilmington, DE, Washington, DC, or possibly another M&T Bank corporate office. There might be potential for a remote work arrangement depending upon the location of the final candidate . Overview: Independently develops, implements, maintains, analyzes and manages quantitative/econometric behavioral models used for credit risk, interest rate risk and liquidity risk management, as well as balance sheet and capital planning. May supervise the work of interns and/or lead teams, providing performance feedback to management as appropriate. Provides guidance and direction to less experienced personnel. Primary Responsibilities: - Lead research and development of quantitative behavioral models used for credit risk, interest rate risk and liquidity risk management, as well as balance sheet and capital planning, including but not limited to, loan delinquency, default and loss models, loan prepayment and utilization models, deposit attrition models and financial instrument valuation methods. - Prepare, manage and analyze large customer loan, deposit, or financial data sets for statistical analysis in Structured Query Language (SQL) or similar tool to properly specify and estimate econometric models to understand customer or Bank behavior for the purposes of credit, interest rate, liquidity or stressed capital risk management. Understand the context of the Bank's data and businesses to ensure properly developed models. - Run regressions (including time series and logistic regression), programming routines and other econometric analyses to specify models using appropriate statistical software; communicate results, including graphic and tabular forms, to fellow team members, Treasury management and Bank-wide stakeholders, including the business lines and Risk Management colleagues to demonstrate key risk drivers and dynamics of model output. - Execute models in production environment; communicate analytical results to Bank-wide stakeholders. Track portfolio performance, model performance, campaign tracking and risk strategy results. Incorporate observations and data in to existing models to improve predictive results. - Develop, maintain and manage satisfactory model documentation, including process narratives and performance monitoring guidelines to serve as reference source. - Lead financial analysis and data support to other groups/departments across the Bank as required. Lead engagements with colleagues in Model Risk Management for model validation exercises. - Provide guidance and direction to less experienced personnel regarding all aspects of data and financial analysis and development and management of predictive statistical models. - Conduct business in compliance with regulatory guidance including SR (Supervision and Regulation Letters) 10-1, SR 10-6, SR 11-7, Enhanced Prudential Standards, etc. Adhere to applicable compliance/operational/model risk controls and other second line of defense and regulatory standards, policies and procedures. - Serve as lead in managing Treasury projects and initiatives under guidance and direction of management. Present data, results and/or recommendations to senior management as necessary. May lead teams on either a project or full-time basis, providing performance feedback to management as appropriate. - Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management. - Promote an environment that supports belonging and reflects the M&T Bank brand. - Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. - Complete other related duties as assigned. Scope of Responsibilities: The position serves as team lead in use of statistical programming languages to analyze Bank datasets and development, implementation and maintenance of behavioral models. It is important for the position to communicate with clear narratives, compelling data visualization and technical precision, both in-person and in writing, to enable audiences to understand analysis and forecasts. The position partners and collaborates with colleagues in related functions, including Credit Risk Management, Asset Liability and Liquidity Management, Model Risk Management and business lines to implement and understand models for Bank use. The position often leads team-based projects related to model development or implementation. This role is highly technical in nature and requires demonstrated attention to detail, execution and follow-up on multiple initiatives within Treasury and across the Bank. The ability to identify, analyze, rationalize and communicate complex business, data and statistical problems and recommend corresponding solutions while directing the work of others on the team is a key factor of success in this role. The position may supervise the work of interns and/or lead teams of up to three individual contributors, providing performance feedback to management as appropriate. The position also provides guidance and direction to less experienced personnel. Education and Experience Required: - Bachelor's degree and a minimum of 4 years' proven quantitative behavioral modeling experience, or in lieu of a degree, a combined minimum of 8 years' higher education and/or work experience, including a minimum of 4 years' proven quantitative behavioral modeling experience - Fluent in at least one open-source language for development: R, Python - Experience in end-to-end model development lifecycle - Experience working directly with model users and stakeholders who provide challenge and critical feedback - Experience leading projects and initiatives involving other resources (team members) - Minimum of 4 years' on-the-job experience with pertinent statistical software packages (SAS, Python, Stata, R) - Minimum of 4 years' on-the-job experience with data management environment, such as SQL Server Management Studio - Proven experience managing and analyzing large data sets and explaining results of analysis through concise written and verbal communication as well as charts/graphs - Education and Experience Preferred: - Masters' of Science or Doctorate degree in statistics, economics, finance or related field in the quantitative social, physical or engineering sciences, with proven coursework proficiency in statistics, econometrics, economics, computer science, finance or risk management - Minimum of 5 years' statistical analysis programming experience - Commercial Real Estate credit model development experience ideal - Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) designation - Fluency and high proficiency in econometric/statistical techniques, especially time-series analysis, panel data methods and logistic regression - Experience in balance sheet management and mathematical modeling of financial instruments offered by banks - Knowledge and familiarity with key aspects of model risk management and model validation, including SR-11-7 guidance on model risk management - Proven track record for being able to work autonomously and within a team environment - Proven leadership skills - Strong desire to learn and contribute to a group - Previous experience leading and directing the work of less experienced personnel - Financial modeling experience (regulatory financial modeling or credit risk modeling is a plus) - Experience in planning and managing project timelines and resources (experience in agile methods a plus) - Exposure to SAS - Experience with data management and principles (lineage, observability) - Experience with git protocols, markdown tools, open-source package development, replicable coding environments is a plus M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $103,000.00 - $171,600.00 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

• Conduct exploratory statistics and mine data for insights • Compile and combine data for analysis • Modify data warehouse and document code • Track and report performance of portfolios and campaigns • Conduct quantitative analysis to understand business problems • Develop visualizations to explore data

Role Description This position is an integral role within M&T’s Mortgage Bankruptcy team that will execute day to day functions including the monitoring of an assigned bankruptcy portfolio to ensure all appropriate actions are being taken timely. Incumbent is responsible to monitor the account from Proof of Claim filing to removal ensuring correct coding is on the account, application of payments is accurate, incoming calls are handled and referrals to Attorney Firms for legal action are made timely when applicable. - Conduct audits on loans in bankruptcy to ensure they are current in bankruptcy status, and determine if any follow up is required. - Work as a liaison between M&T's bankruptcy counsel ("Attorney Firms”) and M&T on a daily basis. - Conduct research on loan audits, payment status, and loan status. - If disputed, contact appropriate department for clarifying information and send to attorneys. - Monitor payment plans to ensure customers do not default. - Take necessary steps to file appropriate actions when the loan does default. - Monitor all stops and flags on the account monthly to ensure that appropriate actions are being taken given the status of the account. - Reconcile Corporate Advance systems to ensure fees are appropriate. - Determine if funds can be applied to the account. - Answer incoming calls and communicate with customers to answer questions and process payments. - Audit accounts monthly to ensure that funds are being applied appropriately under the bankruptcy plan. - Review and respond to interdepartmental tasks timely. - Monitor any bankruptcy correspondence and enter into the system ensuring appropriate action is taken. - Obtain files from attorney and verify all figures are correct, gain approval and then file. - Prepare, review and respond to any court documents that are filed within the bankruptcy case, including notice of final cure, objections to motion for relief, post-petition fee notices, etc. - Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies. - Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. - Promote an environment that supports belonging and reflects the M&T Bank brand. - Complete other related duties as assigned. Qualifications - A combined 3 years’ experience and/or higher education, including a minimum of 1 year of Mortgage Default and/or Bankruptcy experience. - Working knowledge of word processing, spreadsheet and email software. - Strong written and verbal communication skills. - Detail oriented. - Motivated, team player with a positive and friendly attitude. - Understanding of collections servicing systems. Requirements - 3 years of Mortgage Default and/or Bankruptcy experience preferred. - Knowledge of M&T Bank systems preferred. Benefits - M&T Bank is committed to fair, competitive, and market-informed pay for our employees. - The pay range for this position is $20.55 - $34.25 Hourly (USD). - The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. - The range listed above corresponds to our national pay range for this role. - The specific pay range applicable to you may vary based on your location. Company Description Location: Clanton, Alabama, United States of America

• Responsible for underwriting mortgage loans • Underwrite conventional residential mortgage loans per product and investor guidelines • Ensures loans are in compliance with investor requirements, federal and state laws and regulations • Performs risk assessment of credit and collateral • Responds to and resolves any post-closing issues • Assist management to clear conditions and expedite loan closings • Takes initiative to keep current on changes in investor and M&T guidelines

• Monitor progress of foreclosures through queues and reporting • Work with foreclosure attorney, outside counsel and/or in house counsel to resolve disputes • Serve as primary escalation contact for associates on the team and attorneys • Work with Foreclosure team to ensure FHA 1st legal deadlines are met • Research, validate and update loans on foreclosure exception reports • Provide approval of additional attorney fees • Maintain tracking and reporting of legal expenses • Perform QC review and approval of investor bidding instructions • Conduct regular ‘side by sides’ with team • Conduct a review of all assigned loans at a minimum of every 30 days • Ensure compliance with federal, state, regulatory and investor guidelines • Work with management to revise, update and implement procedure changes • Gather departmental information and assemble presentations for regular meetings • Maintain M&T internal control standards

• Assessing and managing credit risk for commercial clients • Analyzing financial statements and monitoring loan portfolios • Facilitating credit needs of customers by underwriting requests • Managing ongoing credit risk of existing loan portfolios through continuous credit monitoring • Reviewing credit and financial information including financial statements and due diligence reports • Preparing cash flow, collateral schedules, financial models, and guarantor statement analysis • Ensuring compliance with credit policies and identifying risk-related issues needing escalation

• Monitor and/or complete audits of activities of a complex nature within an assigned area of the Bank to ensure adherence to internal policies and processes and external regulations. • Identify issues of non-compliance and communicate to appropriate parties to prevent future recurrence. • Maintain records of discovered deficiencies. • Complete regular reporting on these activities. • Identify trends in the data and recommend changes in policies and processes to address these.

Role Description Manages administrative, relationship management and planning for one or more assigned section’s product lines or group of staff. Works closely with management and/or Product Leader and others as assigned. - Manage large complex relationships, cultivating present and prospective clients as sources of new business, including travel and client visits. - Meet with clients to ensure quality of service and uncover opportunities for referrals for other banking services. - Manage, coach and mentor Relationship Managers and other assigned staff members, encouraging individual and group development. - Ensure staff is kept aware of and compliant with internal and external policies and procedures. - In conjunction with management, lead development and implementation of process improvements to increase service, processing, profitability and regulatory compliance. - Partner with management and colleagues to maintain all administrative, operational and risk management support for Unit. - Participate in revenue generating efforts as assigned. - Focus on assigned product and business lines, for internal and external relationships, develop and maintain key relationships, directly related to revenue growth. - Collaborate to implement strategic plan. - Represent Unit or Division on Enterprise-wide projects and initiatives. - Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations. - Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. - Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. - Identify risk-related issues needing escalation to management. - Promote an environment that supports belonging and reflects the M&T Bank brand. - Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. - Complete other related duties as assigned. Qualifications - Bachelor's degree and a minimum of 5 years’ related experience, or in lieu of a degree, a combined minimum of 9 years’ higher education and/or work experience, including a minimum of 5 years’ related experience. - Minimum of 2 years’ work leadership, supervisory and/or managerial experience. - Strong customer service skills. - Strong verbal and written communication skills. - Problem resolution skills. - Resource management skills. - Strong decision-making skills. Requirements - Certified Corporate Trust Specialist certification (preferred). - Project management skills (preferred). - Analytical skills (preferred). - Demonstrated high level of proficiency in use of pertinent word processing, spreadsheet, presentation and industry-specific software (preferred). Benefits - M&T Bank is committed to fair, competitive, and market-informed pay for our employees. - The pay range for this position is $116,400.00 - $194,000.00 Annual (USD). - The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. - The range listed above corresponds to our national pay range for this role. The specific pay range applicable to you may vary based on your location. Location Clanton, Alabama, United States of America

• Maintain effective communication with all necessary parties involved in a new loan application • Work with various internal departments as well as external organizations to obtain processing related documentation • Immediately notifies all necessary parties of irregularities relative to standard mortgage guidelines • Monitor, update and analyze credit reports, appraisals, income documentation, and all verifications • Perform other administrative duties supporting the origination department • Ability to scrutinize a loan application to assess qualification • Empowered to review and accept loan conditions based on underwriter requirements • Ensure adherence to all regulatory requirements and guidelines • Identify risk-related issues needing escalation to management

• Reviews loan applications to assess qualification and restructures or recommends solutions • Responsible for clearing conditions on residential mortgage loan products • Maintain effective communication with all necessary parties • Work with various internal departments as well as external organizations • Immediately notifies all necessary parties of irregularities • Monitor, update and analyze credit reports, appraisals, income documentation • Support the origination department with administrative duties • Ensure adherence to all regulatory requirements and guidelines • Identify risk-related issues needing escalation to management • Promote an environment that supports belonging and reflects the M&T Bank brand