Help the allowance for credit losses (“ACL”) process, including calculations, analysis, and documentation
Responsible for obtaining and reviewing loan charge-offs for appropriateness and accuracy
Interact with the Bank’s lending officers, credit supervision department, and the credit-risk management department to ensure charge-offs are recorded timely and appropriate inputs are considered in loan valuations
Provide assistance in the review of banking regulatory reports
Assist with researching and implementing regulatory and accounting standards relevant to ACL
Perform ad-hoc financial analysis as required
Provide financial and analytical expertise to assist in building and improving quantitative models for credit-loss estimation models (statistical credit models) for the entire loan portfolio to support allowance for credit loss (including current expected credit loss preparation)
Identify or address potential process gaps or process improvements including data gaps in model, policy governance and other quantitative tools.
Assemble, compile, and analyze information, and resolve errors/inconsistencies in data from loan systems and modeling team
Collaborate with modelling and data management teams on model and data performance matters.
Develop presentations and written materials to convey the results of research and analysis projects
Assist in cross training the ACL team
Perform other assignments and special project analysis as requested by management
Qualifications:
3+ years of relevant experience
Detail oriented individual with strong analytical, organizational, and problem-solving skills
Proficiency with Microsoft Excel required
Strong verbal and written communication skills
Ability to work well independently as well as in a team
Banking, credit risk or loan accounting experience preferred
Strong understanding of credit models, CECL, ACL (formerly, ALLL), credit risk, financial risk, operations risk, and their processes highly preferred
Ability to communicate complex analytical issues in understandable terms appropriate for management interactions (regulators, vendors, executives, etc.)
Ability to successfully work on projects and project teams
Proficiently use SQL, Python, R-code, preferred
Accounting or finance experience, preferred
Bachelor's Degree required; degree in accounting/finance/statistics preferred