Credit Allowance Manager
Credit Allowance Manager
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Job Description
Park Avenue Group is pleased to partner with a well-respected and profitable large mid-size community bank in South Florida in their search for a Current Allowance & Market Risk Manager. The selected candidate will be 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 including:
- Supporting Asset Liability team with interest rate risk processing including Capital Stress Testing program board reporting and ad hoc analysis.
- Presenting calculated balances & assumptions to the CECL committee for approval.
- Maintaining ongoing monitoring & validation of the CECL credit models.
- Running and executing credit models to produce estimates and behaviors of credit risk (PD & LGD) for ACL estimation business plan forecasting and other needs.
- Leading the Banks FHLB and FRB loan pledging program determining eligibility based on credit underwriting documentation.
- Working closely with internal and external auditors to assist in understanding ACL methodology credit model assumptions quarterly results data ETL process and ASC 326-20 (CECL application).
- Overseeing all aspects of the Allowance for Loan & Lease Losses & other credit loss computations & reporting.
- Managing the monthly & quarterly analysis of ACL & other credit loss methodologies & associated reporting.
- Developing and owning model governance and model monitoring to ensure fit for purpose.
- Determining the impact of individually impaired loans on the collective Allowance for Credit Losses.
Requirements:
- Bachelors degree in Business Finance or Accounting.
- At least 5-7 years of financial services preferably in corporate finance accounting audit or credit risk division of a medium to large institution (preferably in banking).
- Experience with reserve principles including ASC326 as well as regulatory guidance pertaining to reserves & model governance and a thorough understanding of regulatory requirements for risks and controls including risk governance risk measurement monitoring & reporting.
- Familiar with CECL accounting standards and requirements.
- Certified Public Accounting experience and maintaining an active license is preferred.
- Demonstrated analytical and statistical skills to evaluate prioritize and categorize data in various formats for reports.
- Proficient in organizing and prioritizing work to meet deadlines.
- Ability to independently visit clients in the entire banking area as needed sometimes with little or no notice. External client interaction (meetings networking etc.) sales activities accomplishment of goals accuracy and regulatory compliance are critical functions of this job.
- Effective oral and written communication skills.
- Skills in database management and record keeping.
- Able to exhibit a high level of confidentiality.
- Knowledge of Moodys Impairment Studio is a plus.
The bank is offering relocation assistance/package at this time. The candidate must be willing to relocate to the main office in Miami Florida.
Required Experience:
Manager
Employment Type
Full Time
