Credit Allowance & Market Risk Manager

Overview

Manages the calculation of allowance for credit loss estimation and loss forecast estimation process, with an emphasis on estimating the allowance for credit losses. Develops and maintains reports that measure and monitor loan risk at the loan and portfolio level. In addition, the responsibilities will include helping ensure compliance with regulatory requirements, and the company policies regarding models and financial reporting processes. This position is highly technical and requires understanding of US GAAP standards as well are banking regulations.

Principal Duties & Responsibilities:

• Plays lead role in running the analytical software the Bank uses to assess and quantify risk for specific product or assets.
• Familiarity with Moody’s Impairment Studio is a plus.
• Manages the development of models, methodologies, analysis, forecasting and stress testing to improve the loss estimation process.
• Run and execute credit models to produce estimates and behaviors of credit risk (PD & LGD) for purposes of ACL estimation, business plan forecasting and other needs.
• Understanding of cash flow calculations and mechanics (prepayments, amortization, discounted cash flows.
• Develops models on variety of products or assets, including larger or more complex Credit Loss Allowance and Forecast.
• Work closely with both internal and external auditors to assist in understanding of ACL methodology, credit model assumptions, quarterly results, data ETL process and ASC 326-20 (CECL application).
• Independently prepares the calculations and produces quarterly Allowance for Credit Loss analysis and recommendation.
• Presents the calculated balances and assumptions to the CECL committee for approval.
• Presents the quarterly results and other ad-hoc decisions to senior executive management and other key stakeholders for challenge and review.
• Prepares analysis of the loan portfolio composition and performance, including trend and migration analysis.
• Interprets data and trends and prepares recommendations to management.
• Prepares charts and graphs to illustrate trends and position.
• Aggregates and reports results for more specialized or custom analyses to division manager.
• Determines the impact of individually impaired loans on the collective Allowance for Credit Losses.
• Tracks academic research in quantitative modeling used to measure risk for financial assets and their derivatives.
• Assesses analytical tools currently in use in the unit and scans business and academic sources for alternatives; tests these and suggests their use in the unit, if feasible.
• Designs and writes portfolio management reports to proactively meet the needs of credit and risk managers, auditors, and regulators.
• Lead on Bank’s FHLB and FRB loan pledging program. Need to be able to determine eligibility based on credit underwriting documentation for each loan.
• Will help support the Bank’s Asset Liability team with respect to the interest rate risk processing, which includes the Capital Stress Testing program, board reporting, and ad hoc analysis.
• Support process improvement initiatives, including the automation of analytics and reporting processes.

Qualifications

• 5-7 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 Moody’s Impairment Studio is a plus.

Education

• Bachelor's 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 OFCCP here.
• 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 contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
• Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-577-7680 or by e-mail at employment@citynational.com.