Credit Allowance & Market Risk Specialist
Credit Allowance & Market Risk Specialist
Posted on :
16-05-2025
Employer Active
1 Vacancy
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Share
Send me jobs like this
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Job Description
Overview
The CECL Manager is responsible for managing the calculation of allowances for credit loss estimation and loss forecast processes with a focus on estimating credit loss allowances. The role involves developing and maintaining reports to monitor loan risk at both the individual loan and portfolio levels. Additionally ensuring compliance with regulatory requirements and company policies regarding models and financial reporting processes is essential. A strong technical background is necessary including proficiency in US GAAP standards and banking regulations. This position requires conscientiousness discretion and independent judgment applied in light of all relevant facts.
Principal Duties & Responsibilities:
- Plays lead role in running the analytical software the Bank uses to assess and quantify risk for specific products or assets.
- Manages the development of models methodologies analysis forecasting and stress testing to improve the loss estimation process.
- Independently prepares quarterly Allowance for Credit Loss analysis and recommendations.
- Presents calculated balances and assumptions to the CECL committee for approval.
- Prepares quarterly results and other adhoc decisions for senior executive management and key stakeholders for challenge and review.
- Develops models for a variety of products or assets including larger or more complex Credit Loss Allowance and Forecast.
- Run and execute credit models to produce estimates and behaviors of credit risk (PD & LGD) for ACL estimation business plan forecasting and other needs.
- Prepares analysis of loan portfolio composition and performance including trend and migration analysis.
- Interprets data and trends preparing recommendations to management.
- Designs and writes portfolio management reports for credit and risk managers auditors and regulators.
- Works closely with internal and external auditors to assist in understanding ACL methodology credit model assumptions quarterly results data ETL process and ASC 32620 (CECL application).
- Tracks academic research in quantitative modeling for financial assets and derivatives risk measurement.
- Determines impact of individually impaired loans on collective Allowance for Credit Losses.
- Assesses analytical tools in use and explores alternatives from business and academic sources.
- Drives process improvement initiatives including automation of analytics and reporting processes.
- Familiarity with Moodys Impairment Studio CMM RiskCalc and MPA is a plus.
- Understanding of cash flow calculations and mechanics (prepayments amortization discounted cash flows).
- Aggregates and reports results for specialized or custom analyses to division manager.
Qualifications
- 57 years financial services preferable in corporate finance accounting audit or credit risk division of a medium to large institution. Required
- Familiar with CECL accounting standards and requirements.
- Certified Public Accounting experience and maintains an active license.
- Demonstrated analytical and statistical skills to evaluate prioritize and categorize data in various formats for reports.
- Must be proficient in organizing and prioritizing work to meet deadlines.
- Excellent computer skills with MS Office including Word Excel and Access.
- Effective oral and written communication skills.
- Excellent interpersonal skills.
- Skills in database management and record keeping.
- Able to exhibit a high level of confidentiality.
- Excellent organizational skills.
- Knowledge of Moodys Impairment Studio is a plus.
Education
- Bachelors Degree in Business Finance or Accounting.
Special Instructions to Candidates
- Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
- Please view Equal Employment Opportunity Posters provided by OFCCPhere.
- The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about discussed or disclosed their own pay or the pay of another employee or applicant. However employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information unless the disclosure is (a) in response to a formal complaint or charge (b) in furtherance of an investigation proceeding hearing or action including an investigation conducted by the employer or (c) consistent with the contractors legal duty to furnish information. 41 CFR 601.35(c)
- Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department ator by email at.
Required Experience:
Unclear Seniority
Employment Type
Unclear
Department / Functional Area
Report This Job
Disclaimer: Drjobpro.com is only a platform that connects job seekers and employers. Applicants are advised to conduct their own independent research into the credentials of the prospective employer.We always make certain that our clients do not endorse any request for money payments, thus we advise against sharing any personal or bank-related information with any third party. If you suspect fraud or malpractice, please contact us via contact us page.
