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Quantitative Analytics Associate - Model Risk

Quantitative Analytics Associate - Model Risk
Cleveland, OH
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Job Description


127 Public Square - Cleveland, Ohio 44114


The role will focus on ensuring KeyBank’s models (e.g. consumer scoring, Fraud, Market Risk, Marketing, Treasury, etc.) continue to perform as intended and perform effectively for their use and meet KeyBank’s standards. This requires a blend of a technical skill set (coding, modeling/analytics) and an attention to detail. The role evaluates ongoing performance monitoring, data quality controls, and emerging risks that may create model risk. In addition, the role will also be involved with additional responsibilities to explore emerging industry practices such as automation and orchestration in cloud environments.


  • Understand the conceptual/technical framework, assumptions, limitation of models, quantitative methods, analytics, machine learning algorithms, and how those are used in the business decision-making process
  • Vet and verify implementation of models to ensure intended use
  • Assess adequacy of monitoring, maintenance, and documentation of models and quantitative methods.
  • Understand and assess control environment a model is operated under and opine on the effectiveness of controls.
  • Identify and escalate risks and issues identified, and effectively document the testing and conclusions.
  • Partner effectively with stakeholders (business line users, model developers, and management) to communicate risks and issues identified.


  • Bachelor’s or Master’s (or its equivalent) in statistics, mathematics, economics, financial engineering, data sciences, predictive modeling, or other quantitative disciplines and 0-1 years of relevant experience;
  • 0-1 years of industry experience in model development or validation or quantitative models and methods, or other comparable experience
  • Prior knowledge of one of the following scientific computing / statistical programming languages (e.g. Python, R, SAS). Preferred experience in Cloud environment (e.g. Google Cloud, AWS, Azure, etc) and machine learning models/methods
  • 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


This position is eligible to earn a base salary in the range of $80,000 to $90,0000 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.

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


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