Director Financial Planning & Analysis

Merrick Bank • Wilmington, DE

22h

About The Position

The Director, Loss Forecasting & CECL is a subject matter expert responsible for executing and enhancing Merrick Bank’s credit loss forecasting and allowance for credit losses (ACL/CECL) framework across consumer lending portfolios. This highly analytical individual-contributor role performs complex quantitative analyses to assess portfolio performance, forecast expected credit losses, evaluate reserve adequacy, and support management decision-making.

The Director partners with Credit Risk, Finance, Accounting, Model Risk Management, and business stakeholders to evaluate emerging portfolio trends, assess macroeconomic impacts on expected credit losses, and support reserve methodology enhancements and governance activities. The position is based in an office environment; work location and schedule expectations may vary based on the role, business needs, and hiring requirements and will be confirmed during the hiring process. Travel is generally not required.

Merrick Bank is an FDIC-insured financial institution founded in 1997 and headquartered in South Jordan, Utah. It is a wholly owned subsidiary of CardWorks Financial Group, serves roughly five million cardmembers and more than 100,000 merchant customers nationwide, and has over $10 billion in assets. The bank provides credit cards, recreational loans, deposit accounts, merchant services, and bank sponsorships.

Requirements

• Bachelor’s degree in Finance, Economics, Statistics, Mathematics, Accounting, Data Analytics, or another quantitative field.
• At least 5 years of experience in consumer credit risk, financial analysis, portfolio analytics, or equivalent financial services experience.
• Experience analyzing large datasets and performing complex quantitative analyses.
• Advanced proficiency in Excel.
• Experience with SQL, SAS, Python, R, or similar analytical tools.
• Strong written and verbal communication skills, including the ability to translate complex analyses into clear business insights.
• Ability to communicate complex analytical findings to technical and non-technical audiences.
• Ability to partner effectively across Risk, Finance, Accounting, Model Risk Management, and business teams.
• Ability to comply with internal controls, applicable laws and regulations, and Bank policies.

Nice To Haves

• Experience supporting CECL, reserve estimation techniques, or loss forecasting.

Responsibilities

• Execute quarterly CECL reserve estimation and forecasting for consumer lending portfolios.
• Analyze expected credit losses, reserve drivers, and quarter-over-quarter changes in ACL balances.
• Evaluate portfolio performance trends and identify drivers affecting forecasted losses and reserve levels.
• Assess the effects of macroeconomic forecasts, scenario weighting approaches, and portfolio assumptions on reserve estimates.
• Develop reserve attribution analyses and recommendations for management review.
• Support qualitative adjustment assessments through analysis of emerging risks and portfolio trends.
• Perform model monitoring, back-testing, benchmarking, and sensitivity analyses to evaluate forecasting performance and reserve reasonableness.
• Compare model projections with actual portfolio outcomes and identify potential drivers of forecast deviations.
• Recommend enhancements to forecasting methodologies, assumptions, segmentation strategies, and analytical approaches.
• Support model development, validation, implementation, and ongoing monitoring.
• Prepare analytical materials and supporting documentation for reserve governance committees and management reviews.
• Maintain documentation supporting reserve methodologies, assumptions, judgments, and controls.
• Support internal audit, model validation, regulatory, and external audit requests.
• Ensure compliance with CECL policy, governance standards, and regulatory expectations.
• Comply with the Bank’s internal control policies and procedures and applicable laws and regulations.
• Communicate operational problems, code-of-conduct or legal and regulatory noncompliance, policy violations, and illegal acts.

Benefits

• Competitive pay, including a bonus target or variable pay incentive program.
• Medical, dental, and vision coverage.
• 401(k) plan with company match.
• Short- and long-term disability coverage.
• Wellness programs.
• Group life and AD&D insurance.
• Paid vacation, sick days, and bank holidays.
• Employee engagement activities, including Employee Appreciation Day, DEI Employee Resource Groups, corporate social responsibility, and service recognition.

What This Job Offers

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