TOTAL COMPENSATION is targeted at $150K - $175K. To be determined based on candidate’s credentials, performance and value added to the firm / department.

Risk Analyst / CECL Specialist

Our client is a global commercial banking organization specializing in combining the personal attention and responsiveness of a prestigious boutique bank with the expertise and financial strength of a global bank.  With a footprint in the largest U.S. metropolitan areas, they are committed to creating innovative funding solutions that provide convenient banking and liquidity products for everyday business needs.  They serve a diverse client base including real estate, hi-tech, food and commodities, healthcare, apparel and entertainment.

Position Summary:

The Risk Analyst / CECL Specialist will be involved in assessing the firm’s existing reserving processes, governance, and methodologies. They will contribute to designing and implementing the operating model, partnering with various firm stakeholders across Risk, Finance, Technology and Audit.  Reporting to the Chief Credit Officer, the ideal candidate will be responsible to define and implement changes to CECL methodology and business operating model, which entails a thorough understanding of the end-to-end allowance process and the associated infrastructure.

Responsibilities (will include but not be limited to):

• Define and implement changes to CECL methodology and business operating model, which entails a thorough understanding of the end-to-end allowance process and associated infrastructure
• Oversee all aspects of the firm’s processing within Moody’s Impairment Studio (in conjunction with Moody’s support)
• Create Policy and Procedure documents for CECL reserves using Loss Rate and PD/LGD
• Engage stakeholders across the organization for both “business as usual” and process reengineering
• Support Portfolio Managers and /Underwriters with finalizing PD / LGD calibrations using Moody’s CreditLens and Commercial Mortgage Metrics platforms
• Help ensure smooth transition between CECL Loss Rate and PD/LGD approach
• Work with Bank’s 3rd party consultants on future aspects of the final/ new implementation packages
• Act as subject matter expert on allowance and serve as primary point of contact for internal and external stakeholders
• Review the broad loan portfolio (PD/LGD down to the loan/facility level)
• Work hand in hand with Credit Underwriting and Portfolio Management (Review the loan ratings, PD/LGD output match between CL/CMM and ACBS, Ensure general accuracy of outputs)
• Review ACBS files (General balances, Funded vs Unfunded, C&I vs CRE, Other ad hoc)
• Review/Add/Correct the internal loan classification (i.e. asset sub-categories.)
• CECL calculation preparation
• Upload all relevant files to Impairment Studio, review files at month end and update any missing information (classifications, ratings, PD/LGD, etc.)
• Work with Accounting department to verify balance sheet uploaded matches General Ledger
• Check for accuracy once uploaded in Impairment Studio and correct/re-upload
• Review all inputs used in calculation prior to running and document when required: Economic forecasting, CCF/Prepayment assumptions, GCOR model assumptions, Loss Rate methodology, DCF/PD LGD methodology, Q Factors
• Reserve calculation analysis: review results, explain variances (attribution analysis), sanity checks
• Prepare reporting packages for senior management, auditors, head office, etc. for Loss Rate, DCF / PD LGD, and other various reserves analytics
• Research, collect and work with economic data to help assess the future state of the economy and potential customer credit trends
• Participate in various other projects and reporting, as needed (i.e. both local and head office)

Qualifications:

• Bachelor’s Degree in Finance/Accounting Economics. MBA desirable
• 7-10 years of relevant experience, preferably involving business process and/or credit methodology implementation related to reserving or stress testing
• Knowledge of CECL, PD/LGD, Loss Rate, Loan ratings
• Experience using Moody’s Analytics suite of products (including, Credit Lens, Impairment Studio, CMM, etc.)
• Advanced credit and credit analytics knowledge base
• Strong written and verbal communication skills
• Strong ability to exercise independent action and moderate decision making with properly documented risk mitigation applied
• Task oriented with attention to detail and ability to meet time sensitive deadlines
• ACBS System knowledge preferred