Current Expected Credit Loss Manager

The CECL Manager is responsible for managing the calculation of allowances for credit loss estimation and loss forecast processes, with a focus on estimating credit loss allowances. The role involves developing and maintaining reports to monitor loan risk at both the individual loan and portfolio levels. Additionally, ensuring compliance with regulatory requirements and company policies regarding models and financial reporting processes is essential. A strong technical background is necessary, including proficiency in US GAAP standards and banking regulations. This position requires conscientiousness, discretion, and independent judgment, applied in light of all relevant facts.

Principal Duties & Responsibilities:

Plays lead role in running the analytical software the Bank uses to assess and quantify risk for specific products or assets.
• Manages the development of models, methodologies, analysis, forecasting, and stress testing to improve the loss estimation process.
• Independently prepares quarterly Allowance for Credit Loss analysis and recommendations.
• Presents calculated balances and assumptions to the CECL committee for approval.
• Prepares quarterly results and other ad-hoc decisions for senior executive management and key stakeholders for challenge and review.
• Develops models for a variety of products or assets, including larger or more complex Credit Loss Allowance and Forecast.
• Run and execute credit models to produce estimates and behaviors of credit risk (PD & LGD) for ACL estimation, business plan forecasting, and other needs.
• Prepares analysis of loan portfolio composition and performance, including trend and migration analysis.
• Interprets data and trends, preparing recommendations to management.
• Designs and writes portfolio management reports for credit and risk managers, auditors, and regulators.
• Works closely with internal and external auditors to assist in understanding ACL methodology, credit model assumptions, quarterly results, data ETL process, and ASC 326-20 (CECL application).
• Tracks academic research in quantitative modeling for financial assets and derivatives risk measurement.
• Determines impact of individually impaired loans on collective Allowance for Credit Losses.
• Assesses analytical tools in use and explores alternatives from business and academic sources.
• Drives process improvement initiatives, including automation of analytics and reporting processes.
• Familiarity with Moody's Impairment Studio, CMM, RiskCalc, and MPA is a plus.
• Understanding of cash flow calculations and mechanics (prepayments, amortization, discounted cash flows).
• Aggregates and reports results for specialized or custom analyses to division manager.

• 5-7 years financial services, preferable in corporate finance, accounting, audit or credit risk division of a medium to large institution. Required
• Familiar with CECL accounting standards and requirements.
• Certified Public Accounting experience and maintains an active license.
• Demonstrated analytical and statistical skills to evaluate, prioritize and categorize data in various formats for reports.
• Must be proficient in organizing and prioritizing work to meet deadlines.
• Excellent computer skills with MS Office including Word, Excel and Access.
• Effective oral and written communication skills.
• Excellent interpersonal skills.
• Skills in database management and record keeping.
• Able to exhibit a high level of confidentiality.
• Excellent organizational skills.
• Knowledge of Moody's Impairment Studio is a plus.

• Bachelor's Degree in Business, Finance or Accounting.

• Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
• Please view Equal Employment Opportunity Posters provided by OFCCP here.
• The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
• Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-577-7680 or by e-mail at employment@citynational.com.

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