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Job Description:
At Regions, the Risk Credit Analytics Administrator manages risk processes including the overall Allowance for Credit Losses (ACL) process, performing risk-based analysis in support of the risk management processes including the ACL, and making recommendations to senior leaders and executive management. This position plays a key role in major projects within the Risk Management group. This position may also assist other senior leaders within the Risk Management organization in pursuit of strategic projects including the Financial Risk Executive. This position is considered a subject matter expert and is part of the Financial Risk business unit within the Risk Management Group.
Primary Responsibilities
Manages the process to provide management with the data and information necessary to make critical business decisions including finalizing the ACL and related provisions
Prepares or assists in the preparation/review of the quarterly communications within and from the Financial Risk unit including ACL Memo and Audit Committee Summary documents, as well as other communications under the direction of the Head of Financial Risk
Performs complex analyses across the Financial Risk group which may include, but is not limited to, determining the recommended parameters and allocation rates used in the ACL
Initiates and implements enhancements to Financial Risk methodologies and processes as appropriate, including the ACL methodology, analytics, and processes
Leads the development of enhanced quality controls and works across the organization to implement any necessary changes
May coordinate with the Problem Asset Management department to insure timely and accurate information
May provide all necessary information used in financial disclosures related to the ACL and confirms the accuracy and clarity of the proposed financial disclosures
May manage quarterly electronic archive of the ACL, documenting necessary supporting work papers, validations, and approvals
May assist in the coordination of all reviews with Internal and External Audit including but not limited in support of the ACL
Develops relationships across the organization and with other teams within Risk Management
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
Bachelor’s degree in Accounting, Finance, Risk Management, Statistics, or related field and seven (7) years of related experience
Or Master’s degree in Accounting, Finance, Risk Management, Statistics, or related field and five (5) years of related experience
Preferences
Experience in audit
Experience working with substantial datasets
Experience with quantitative modeling
Knowledge of Statistical Analysis Systems (SAS)
Skills and Competencies
Ability to learn additional systems as needed
Ability to research, analyze data, and derive facts
Ability to work under pressure and meet deadlines
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, Access, etc.)
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation
Coordinate the overall ACL governance process to provide Management with the data and information necessary to finalize the quarterly ACL and related Provision
Prepare quarterly communication to the Audit Committee including ACL Memo and ACL Summary presentation
Perform analysis and manage the process to determine the appropriateness of model results and recommend model adjustments/overlays
Initiate and implement enhancements to the ACL methodology, analytics, and processes
Initiate and lead the development of enhanced quality controls and work across the organization to implement any necessary changes
Present results and recommendations to executive management on a regular basis
Manage the Specific Reserve process for the ACL Team and coordinate with the Problem Asset Management department to insure timely and accurate information
Manage the process to provide all necessary information used in financial disclosures related to the ACL and confirm the accuracy and clarity of the proposed financial disclosures
Coordinate all reviews with Internal and External Audit in support of the ACL
Develop relationships across the organization and with other teams within Risk
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:Minimum:Median:Incentive Pay Plans:
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Regions Center
Location: Birmingham, Alabama
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.