At FNBO our employees are the heart of our storyand were committed to their success! Please see below the details of this career opportunity and how it fits into our organizations success.
Our Modern Flexible Workplace:
We believe in a Modern Flexible Workplace and we are continuously exploring advancements in technology and office environments to make it easier to work from anywhere at any time allowing for more flexibility in where and how you work. We know that choice and flexibility are important to you. We also recognize that flexible and remote positions can become opportunities for military partners caregivers and individuals with disabilities to thrive at our company. We invite you to consider what a Modern Flexible Workplace can mean for you!
It is anticipated that an incumbent in this role will work onsite for three (3) or more days a week and will have a dedicated workspace when working onsite. Work location is subject to change based on business needs.
The Director of Risk Forecasting is responsible for the development testing implementation monitoring documentation and maintenance of credit risk models in the Consumer portfolio. The models are primarily used for CECL stress testing budgeting loss forecasting and reserve purposes.
Areas of focus include the conversion of loss forecasting to CECL standard and the development of analytics that connect loss forecasting to qualitative factors and make loss forecasting an integral part of business management decisions.
The individual in this role will have a deep working knowledge of the most advanced methods utilized in credit forecasting and will stay abreast of the latest techniques along with the ability to take these technical concepts and apply them in a functional manner to FNBOs historical data. A broad understanding of how models are used throughout the credit-related activities of a bank is essential.
This individual will build and maintain relationships with partners and stakeholders across the bank including Credit Risk Treasury Finance Technology Audit and Lines of Business. This role requires strong interpersonal skills and the ability to communicate clearly and succinctly with executives senior management peers analysts regulators and auditors.
About This Role:
Duties may include:
- Utilize advanced statistical and programming skills to develop and run sophisticated loss forecasting models for the FNBOs consumer installment loans and card portfolios across both consumer and commercial segments. Apply sophisticated modeling techniques includingbut not limited toRandom Forest Gradient Boosting Machines Logistic Regression non-linear algorithms and data segmentation approaches to maximize predictive power and model performance.
- Develop and communicate with wide business audiences across the organizational levels advanced analyses that connect loss forecasting results to risk appetite development and monitoring to management decisions and macroeconomic trends.
- Ensure models meet regulatory standards including SR 11-7 while maintaining documentation and governance practices that satisfy internal audit and external regulatory requirements.
Knowledge & Skills
- Demonstrated leadership abilities with experience managing projects and/or teams in a technical environment.
- Ability to manage multiple complex projects simultaneously while meeting critical deadlines.
- Knowledge of consumer installment loans and consumer and/or small business credit card loans.
- Extensive knowledge of statistical and data science methods applied in the finance industry along with advanced programming skills.
- Ability to work with data to identify complex business trends and propose solutions
- Ability to build consensus and influence the organization in order to achieve business goals.
- Experience with loss forecasting and stress testing at a financial institution preferably a CCAR institution.
The Ideal Candidate for This Role:
- Education and Experience
- Masters degree or PhD in data science mathematics statistics finance economics or related field required.
- 7 years of experience in highly analytical business functions including at least 4 years in Credit Risk Forecasting or related fields.
- 3 years of experience using Python programming with a focus on data analysis and financial modeling.
- Strong knowledge of SQL and experience working with cloud-based data warehousing solutions (e.g. Snowflake) and version control systems (e.g. Git).
- Expert knowledge of Excel.
- Demonstrated excellent oral and written communication skills.
- Demonstrated ability to handle stress meet deadlines and work independently.
- Experience in banking or financial services is preferred.
Compensation:
Compensation range (base pay): $95857.00-$162957.00
This role may have a specific starting pay within this range.
Final compensation offer to candidate may vary from posted hiring range based upon work experience education and/or skill level.
Benefits Overview:
We offer a variety of benefits designed to keep you and your family physically and financially healthy. Not only do we offer a competitive salary and work-life balance we offer benefits to match your needs:
Medical Dental Vision Insurance
401k With Matching Contributions
Time Off Programs
Health Savings Account (HSA)/Dependent Care
Employee Banking
Growth Opportunities
Tuition Assistance
Short-Term/Long-Term Disability Insurance
Learn more about FNBO benefits here: additional information regarding compensation and benefits e-mail FNBO at . To ensure you receive a response include the number of this job (listed below) in the subject line of your message.
Job number: R-
Equal Opportunity & Belonging:
FNBO believes that the quality of our employee experience is at the heart of our customer experience. One key pillar of our intended employee experience is Belonging. Belonging means we are committed to fostering a workplace culture where employees of all backgrounds feel valued recognized and empowered to be their authentic selvesno matter their role or where they are in their journey.
Learn more here.
FNBO is an equal opportunity employer for all employees and applicants and makes employment decisions without regard to status or identity.
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FNBO is an Equal Opportunity/Affirmative Action/Veterans/Disability Employer - Member FDIC
FNBO follows federal law regarding the use of marijuana (this applies to all non-California applicants)
Application Deadline:
All our jobs will be posted for a minimum of 5 calendar days. Job postings may come down prior to 5 calendar days based on volume of applicants.