Job description


  • Entry level
  • No Education
  • Salary $100,000.00 - $125,000.00 gross per year
  • New York City


- Perform a leadership role in implementing, managing and maintaining CECL models for estimating the Bank's Allowance for Loan and Lease Losses ("ALLL") on retail credit portfolios
- Perform peer and industry benchmarking and identify CECL model implementation challenges
- Analyze and summarize model data, formulate findings, and provide recommendations to business areas and executive management
- Coordinate working sessions with credit areas of the Bank to validate Probability of Default ("PD") and Loss Given Default ("LGD") factors that are critical to ALLL measurement
- Partner with cross functional teams (Business, Finance, Risk, IT, etc.) to address data, process, model issues, and operational controls
- Deliver comprehensive model documentation of all credit risk models as required by regulatory guidelines; evaluate and document data parameters, definitions, and controls
- Create policies, procedures, and manuals related to the application of each CECL model
- Monitor CECL model validation and performance reports on an on-going basis to ensure the models remain valid
- Assist in the preparation of CECL impact analysis and gap assessment

- Master's degree in a quantitative discipline such as Economics, Finance, Mathematics or Statistics
- 6+ years of financial modeling and credit risk analytics experience in the Banking/Financial Services industry
- Knowledge of corporate and/or retail lending loss and allowance modeling and underlying concepts (PD, LGD, migration analysis, vintage analysis, etc.) a plus
- Experience in model governance, the development of business cases, policies
- Demonstrated ability to document and present analytical results suitable for audience of various technical levels
- Strong business acumen with the ability to exercise independent judgment
- Excellent analytical, critical thinking, time management, and interpersonal skills
- Ability to communicate effectively with key stakeholders including Model Risk Management, bank regulators, and audit teams
- Proficiency in the use of Microsoft Office Suite with advanced experience in Excel

  • excel