VP, CECL Analyst

Full Time

International Bank

Office Status: Hybrid

SUMMARY:

Part of Credit Risk, reporting to the Chief Credit Officer, a qualified candidate will be responsible to define and implement changes to CECL methodology and business operating model, which entails a thorough understanding of the end-to-end allowance process and the associated infrastructure.

PRIMARY RESPONSIBILITIES:

  • Use of Moody’s Impairment Studio
  • Fully learn and understand all aspects of processing within Impairment Studio with the help of Moody’s internal support team
  • Create Policy and Procedure documents for CECL reserves using Loss Rate and PD/LGD
  • Support Portfolio Managers and /Underwriters with finalizing PD / LGD calibrations using Moody’s CreditLens and Commercial Mortgage Metrics platforms
  • Help ensure smooth transition between CECL Loss Rate and PD/LGD approach
  • Work with Bank’s 3rd party consultants on future aspects of the final/ new implementation packages
  • Review the broad loan portfolio (PD/LGD down to the loan/facility level)
  • Work hand in hand with Credit Underwriting and Portfolio Management (Review the loan ratings, PD/LGD output match between CL/CMM and ACBS, Ensure general accuracy of outputs)
  • Review ACBS files (General balances, Funded vs Unfunded, C&I vs CRE, Other ad hoc)
  • Review/Add/Correct the internal loan classification (i.e. asset sub-categories.)
  • CECL calculation preparation:
  • Upload all relevant files to Impairment Studio, review files at month end and update any missing information (classifications, ratings, PD/LGD, etc.)
  • Work with Accounting to verify balance sheet uploaded matches General Ledger
  • Check for errors once uploaded in Impairment Studio and correct/re-upload
  • Review all inputs used in calculation prior to running and document when required: Economic forecasting, CCF/Prepayment assumptions, GCOR model assumptions, Loss Rate methodology, DCF/PD LGD methodology, Q Factors
  • Reserve calculation analysis: review results, explain variances (attribution analysis), sanity checks
  • Prepare reporting packages for senior management, auditors, head office, etc. for Loss Rate, DCF / PD LGD, and other various reserves analytics
  • Research, collect and work with economic data to help assess the future state of the economy and potential customer credit trends
  • Participate in various other projects and reporting, as needed (i.e. both local and head office)

REQUIRED QUALIFICATIONS:

  • 7-10 years of experience
  • Advanced credit and credit analytics knowledge base
  • Strong written and verbal communication skills
  • Strong ability to exercise independent action and moderate decision making with properly documented risk mitigation applied
  • Task oriented with attention to detail and ability to meet time sensitive deadlines
  • Experience using Moody’s Analytics suite of products (including, Credit Lens, Impairment Studio, CMM, etc.)
  • Knowledge of CECL, PD/LGD, Loss Rate, Loan ratings
  • ACBS System knowledge preferred
  • Experience dealing with auditors
  • Bachelor’s Degree in Finance/Accounting Economics.
  • MBA desirable
Upload your CV/resume or any other relevant file. Max. file size: 2 GB.

Share on
Print