Wilmington Trust

Senior Manager, Credit Model Development - Commercial Scorecard Development & Maintenance (Hybrid - see description for

Bridgeport, CT · Senior

Sponsorship not specifiedDetected 7 days ago

PythonAlgorithmsGitSQLMachine LearningStatisticsComplianceForecastingPerformance ManagementSASLeadershipCommunicationCollaborationUnderwritingRisk Modeling

About the role

Establishes the long-term vision and roadmap for commercial credit risk modeling frameworks, ensuring models remain robust, predictive, compliant, and aligned with evolving business objectives and regulatory expectations.
Provides subject matter expertise and leadership for the Bank's commercial underwriting and risk quantification models, with particular focus on Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), and risk rating scorecards.
Oversees the full model lifecycle, including model development, calibration, performance monitoring, back-testing, testing, implementation, documentation, governance, and continuous improvement.

Responsibilities

Develop algorithms and tools for testing overall performance, robustness, stability, and ongoing monitoring of the model to ensure compliance of models to internal/external regulations.
Develop credit ratings to structured finance transactions, by performing collateral analysis, cash flow modeling, and structural enhancement assessments
Partner with Centralized Technology to ensure that Rating models are fully integrated into the appropriate platform which allows seamless delivery to the end user while providing for a stable and robust data capture process.
Build, manage and develop a team of modelers and quantitative analysts and track the development of their statistical modeling acumen in areas including (but not limited to) segmentation analysis, logistic regression, decision trees, and multivariate analysis.
Develop and maintain a regimen of training to all users of the Rating scorecards to ensure that accurate and appropriate ratings are assigned.
Develop strategies and techniques for modeling commercial credit risk in areas new to the organization. Analyze and present findings to Senior Management.

Requirements

Ten (10) or more years of relevant experience (inclusive of 5+ years of previous management/supervisory).
A strong understanding of Commercial Loan and Mortgage underwriting, loan structuring, and credit analysis
Track record of gathering, matching, and processing large data sets across continuous/categorical (structured or unstructured data
Familiarity with model development and governance standards across the banking sector, especially related to wholesale products and lending (SR11-7, SR26-2, OCC 11-12)
Sophisticated knowledge of PC, Core Bank process system, database, and statistical software
Ability to communicate complicated statistical concepts to a broad audience in a non-technical manner.
The ability to identify, analyze, rationalize and communicate complex business problems and recommend solutions is a key factor of success in this role.

Nice to have

Ideally, it will be based in Bridgeport, CT but it may be based in Buffalo, NY, Baltimore, MD, Washington, DC, Wilmington, DE, Iselin, NJ, or possibly in New York, NY or another M&T corporate office.

Compensation

Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management, and terminations.

Company info

Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.

Visa & Work Authorization

applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic

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