CECL Risk Analyst

Fifth Third Bank

1d • Remote

About The Position

The CECL Risk Analyst, along with the Credit Risk Allowance Analyst and Senior Risk Allowance Analyst, are charged with supporting the Allowance for Loan Loss Manager in developing an estimate of the bank's Allowance from a credit and risk perspective; assisting in developing and documenting an appropriate provisioning methodology, and recommending prudential loan loss reserve ratios. This role will gather data, execute reporting and perform analysis in support of the allowance for loan loss process and methodology. This function includes direct interaction with ALLL management, senior analyst, corporate accounting and risk management personnel. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

• Business Administration, Accounting, Finance, or similar undergraduate degree.
• Minimum of 2 years of experience in financial and/or risk areas within a financial services, insurance, or regulatory organization working with credit risk and allowance for loan losses.
• Knowledge of Microsoft office products with strong Excel skills and systems data experience.
• Experience in working in a collaborative environment involving financial and/or risk management.
• Demonstrated financial analysis, risk assessment, and analytic skills.
• Strong interpersonal skills, including verbal and written communication skills.

Nice To Haves

• Power BI, and SAS experience preferred.

Responsibilities

• Assist in the development and production of Allowance for Loan and Lease Losses (ALLL) methodology and reporting.
• Assist in developing (CECL) and maintaining ALLL methodology (CECL & Incurred) and all related calculations and reports.
• Assist in preparation and distribution of the quarterly allowance package.
• Assist in development and execution of various statistical, credit, and financial analysis (e.g. roll rate models, migration/volatility analysis based on segments, regression analysis, etc.) that prospectively include macroeconomics trends and indicators combined with migration trends.
• Link macroeconomic factors to Expected Loss, reserve factors and roll rates to support historical analysis and extrapolation.
• Perform industry/geographic/product/other segmentation analysis of ALLL.
• Perform related analyses including: concentration analyses relative to the ALLL and bank capital, vintage and cohort/attribution analysis, transition matrices and migration analysis.
• Assist with execution of stress testing of ALLL when assigned.
• Perform peer analysis to include coverage ratios and trends.
• Assist in the execution of back tests of ASC 310 (formerly FAS 114) specific allowances for impaired credits.
• Assist in the execution of back tests of ASC 326 (CECL) specific allowances, models, calculation methods in support of developing and maintaining a CECL-compliant ALLL process.
• Maintain procedural documents, data and calculation reference material.
• Participate in Sarbanes-Oxley (SOX) process and control design, re-design and operational testing for ALLL (including development of new bank processes and controls over data, models, and CECL estimates).
• Provide support to the Risk Management division and other downstream users of credit risk information as needed.
• Process Improvement.
• Participate in the development of new ALLL methodologies to include the use of more robust modeling techniques.
• Collaborate with the teams who design, develop, implement, document and maintain new models and methodologies to improve the quality, consistency and transparency of the estimation processes.
• Assist in the alignment of methodologies, data, and reports between the allowance, economic capital, and loss forecasting.
• Participate in development of process improvement ideas, issue identification and resolution.

Benefits

• Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
• The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S.
• This role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
• Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees