ACL Reporting Team Lead

U.S. Bank • Minneapolis, MN

3d • Hybrid

About The Position

The ACL Reporting Team Lead is responsible for leading and supporting key analytical and reporting activities in support of the allowance for credit losses (ACL), including mentoring junior analysts, overseeing quarter-end allowance results reporting, and ensuring accurate journal entries and external reporting schedules. This is an active leadership role that will drive operational process improvements and modernization initiatives across the allowance for credit loss team that support workflow efficiency, transparency of results, reduced operational risks and adherence to accounting standards. Help direct junior analysts on the team and provide first line detailed reviews Ensure quarter end allowance results are appropriately recorded, including overseeing journal entries, and external reporting Support effective management of estimation methods pursuant to various risk management programs and ensure compliance with those policies.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically more than eight years of applicable experience

Nice To Haves

• Certified Public Accountant (CPA)
• Considerable knowledge of regulatory and financial accounting guidance relevant to CCAR / CECL and credit expense reporting
• Effective presentation, verbal and written communication skills
• Ability to work effectively with individuals and groups in generating credit reporting and explaining drivers of results
• Ability to assess process flows and identify key risks and risk mitigants
• Understanding of key credit performance ratios
• Knowledge of bank lending products, lending structures and risk management models

Responsibilities

• Coordinating quarter-end ACL recording
• Preparing and reviewing provision journal entries
• Conducting reserve analyses for other assets
• Reviewing key control schedules
• Providing first-line review and guidance for junior team members
• Supporting compliance with various risk and reporting requirements
• Ensuring the accurate and timely completion of all related processes
• Effecting changes to reporting data sources or methods to maintain adherence to regulatory / accounting guidance changes
• Maintaining attribution of changes and bottom-up support for quarterly ACL balances
• Maintaining documentation of CCAR methods and controls related to ACL
• Leading communications and documentation to support design and audit of ACL process controls assigned to reporting processes
• Serving as ACL subject matter expert for all method/EUCT compliance questions
• Liaising with MRG (models), FRR (QEAs) and Credit Reporting (EUCTs) for validations, annual reviews, method changes, etc. related to methods owned by the ACL team
• Primary method owner for select methods/EUCTs owned by the ACL team
• Working with Jr analysts to maintain method documentation, including development and monitoring documents, and addressing validation feedback

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Senior