Allowance for Loan Losses Manager

Flagstar Bank

1d•Remote

About The Position

The Allowance for Credit Losses Manager leads the quarterly production of the company’s allowance for credit losses (“ACL”) for the loan and lease portfolio. Collaborates with various stakeholders and plays a key role in the analysis of credit risk and estimate development of expected credit losses. The Allowance for Credit Losses Manager ensures that the company’s allowance process is compliant with GAAP, relevant regulatory requirements, and company policies and procedures, and may develop new or enhance existing methodologies for loss estimation.

Requirements

Undergraduate Degree (4 years or equivalent).
Minimum experience required: 10+ Years in Allowance for Credit Losses / CECL and credit risk management, preferably within an OCC-regulated large banking organization or within a regulatory environment.
Strong knowledge of financial analysis and financial forecasting.
Familiarity with CECL (Current Expected Credit Loss) accounting standards and requirements.
Excellent knowledge of data querying languages and software.
Strong analytical and quantitative skills.
Excellent writing skills.
Excellent communication and presentation skills.
Proven ability to manage workflows, collaborate with various individuals, and deliver on commitments.
Ability to manage and mentor staff.

Nice To Haves

Programming skills (Python, SQL).
Experience with Alteryx platform.

Responsibilities

Lead quarterly production of the allowance for credit losses, overseeing team of analysts, project managing workflow, and performing manager-level reviews in accordance with established methodology and SOX framework.
Analyze key drivers of changes in the ACL, including rate/volume, economic forecast, and credit mix, solutioning unintuitive drivers.
Collaborate with Credit function and other key stakeholders to lead development and recommendation of qualitative adjustments.
Develop and/or maintain supporting ACL documentation, including working group materials, quarterly governance materials, ad-hoc documentation and analyses, and financial disclosures and regulatory reports.
Support communication of results and other ACL related matters to internal and external stakeholders.
Support internal strategic initiatives for effective implementation into ACL Program; periodically identify areas for improvement and deliver solutions.
Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.
Maintains knowledge of relevant accounting standards and regulatory guidance related to Current Expected Credit Losses, as well as credit risk factors impacting the loan and lease portfolio.
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.
Accountable to maintain compliance with applicable federal, state and local laws and regulations.