Manager Credit Risk Modeling
About The Position
This role will oversee the development, implementation, and maintenance of credit risk models for the credit union. This role will involve leading a team of quantitative analysts, ensuring compliance with regulatory requirements and supporting strategic decision-making processes. This team is responsible for specialized credit risk analysis, the related monthly CECL production process for calculating and reporting the allowance for credit losses as well as developing credit stress testing models. The role involves understanding loss forecasting models and communicating to stakeholders the drivers of credit risk and credit losses. The Manager provides advanced analytical expertise to manage the development, validation, monitoring, reporting and documentation of the process. The role will be part of the Treasury team and will collaborate with other functions as needed.
Requirements
- Bachelor's degree in finance, economics, or related field required
- Minimum 5 years' experience in financial analysis
- Statistical analysis and quantitative techniques
- Able to document procedures and process flows
- Good analytical and problem-solving skills.
- Effective communication and writing skills.
- Highly attentive to details, while being able to work under pressure and deliver timely and accurate results.
Nice To Haves
- Experience in financial services industry along with working with financial systems preferred
- Data management experience, including ability to perform statistical analysis and mine large data sets preferred
- Knowledge of lending products preferred
Responsibilities
- Lead the production process of the monthly Current Expected Credit Loss (CECL) estimation using 3rd party vendor application including data validation.
- Monitor and report on credit risk exposures and trends. Provide recommendations to mitigate potential credit risks.
- Work with senior staff to prepare monthly CECL results and detailed monthly report alongside additional executive reports for presentation in ALCO.
- Responsible for business analysis for model improvements and updates in the application and work with senior staff for review and rollout.
- Perform model back testing, sensitivity analysis and scenario analysis along with providing support to address model validation findings.
- Provide analytical support for model validation, business reviews, audit reviews and ad-hoc requests.
- Able to analyze large data sets leveraging credit risk analytics platform to review loan pools.
- Drive automation and continuous improvement of existing processes.
- Maintain relevant policies, procedures & guidelines.
- Support development of a robust and consistent control framework that is established to meet the expectations of auditors/regulators.
- Support the Treasury team in other functions as required.
Benefits
- Paid time off for vacation, personal days, and holidays
- Fully-funded pension plan
- 401(k) company contribution
- Teachers pays 100% of Dental & Vision premium
- Tuition reimbursement is offered to full-time employees
- Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Industry
Credit Intermediation and Related Activities
Number of Employees
501-1,000 employees
