Senior Credit Risk Allowance Analyst

Unclassified - Cincinnati, OH

Full-time - Mid Level

Cincinnati, OH

About the position

The Senior Credit Risk Allowance Analyst plays a crucial role in the Enterprise Risk Management and Finance sectors by assisting the Loan Loss Reserve Committee in developing quarterly estimates of the allowance for loan and lease losses. This position requires a deep understanding of credit loss models and methodologies, as well as collaboration with various stakeholders to ensure compliance with accounting principles and regulatory guidance.

Responsibilities

• Lead the development and production of Allowance for Loan and Lease Losses (ALLL) methodology and reporting in assigned areas.
• Develop an understanding of existing and proposed credit loss models and ALLL methodologies.
• Identify, analyze, and support significant assumptions used in credit loss models and ALLL methodologies.
• Maintain credit loss model and ALLL methodology documentation, including Model Validation templates and Sarbanes-Oxley risks and controls.
• Work collaboratively with Internal and External Auditors, Federal Reserve Bank Examiners, and Model Validation personnel.
• Perform studies to estimate loss emergence and look-back periods for significant commercial product groups.
• Use assigned models to develop credit loss estimates and perform edit/validation checks and analytical reviews as necessary.
• Manage and adhere to end-user computing controls.
• Perform analytical review on model outputs to understand changes in modeled credit losses and identify any errors or omissions.
• Leverage portfolio analysis such as industry/geographic/product segmentation and determine impact upon ALLL.
• Perform analyses including vintage and cohort/attribution analysis, transition matrices, etc.
• Develop, analyze, and justify specific qualitative factors to support qualitative adjustments to model output and the unallocated component of the ALLL.
• Maintain procedural documents, data, and calculation reference material.
• Document controls in the ALLL process and perform tests of their design and operating effectiveness to assist in compliance with Sarbanes-Oxley.
• Provide support to the Risk Management division and other downstream users of credit risk information.
• Assist in developing ALLL estimates for CCAR stress tests.
• Maintain regular communication with Accounting, lines of business, various data sources, and Risk Management groups to address issues and document important items.
• Assume additional responsibilities as required to fulfill data enhancement goals.
• Participate in the development of new ALLL model(s) and methodology.
• Collaborate with teams to improve the quality, consistency, and transparency of estimation processes.
• Develop relationships within management for process improvement ideas, issue identification, and resolution.

Requirements

• Strong understanding of credit risk and allowance for loan losses methodologies.
• Experience with credit loss models and their validation.
• Proficiency in data analysis and statistical methods.
• Ability to communicate effectively with various stakeholders, including senior management.
• Familiarity with Sarbanes-Oxley compliance and documentation.

Nice-to-haves

• Experience in financial services or banking industry.
• Knowledge of regulatory requirements related to credit risk management.
• Familiarity with CCAR stress testing processes.

Benefits

• Health insurance coverage
• 401k retirement savings plan
• Paid holidays
• Professional development opportunities