Associate, Risk Analytics

Associate, Risk Analytics

Country: United States of America

Summary of Responsibilities:

Loss Forecasting and Provisioning (LFP)/Solvency Risk Control Analyst directs Allowance for Credit Losses (ACL) methodologies and supports control framework for all type of loan portfolios at SC and SBNA. The LFP function ensures reserve adequacy through loss estimation and further examines the use of loss forecasts in the all types of loan business setting and economic environment. The analyst position will have an opportunity to gain exposure to credit risk concepts and work with a team to capture the business’s credit risk through quantitative and qualitative methods. Additionally, the LFP analyst will support the control environment of analytical framework of the reserve calculation and provide quantitative and qualitative analysis for addressing risks within the control framework. This position requires a combination of quantitative skills and communication skills, hands-on analysis as well as problem solving skills.

Essential Functions:

· Supports the control framework of reserve methodology and aggregation of analytics to establish an accurate reserve that adequately covers the businesses credit risk exposure.

· Assists with the documentation of processes, controls, flowcharts, and ALLL memo of the Current Expected Credit Loss (CECL) model within LFP Risk

· Prepare Consolidated LFP related Risk Reporting presentation for various executive committees and regulatory meeting from various data formats.

· Support the ACL related policy assurance/governance and perform hands-on policy related monitoring/data analytics.

· Supports the design, development and delivery of CECL/IFRS controls; maintain the inventory of existing controls. Conduct CECL/IFRS control testing, recommend changes and define solutions.

· Identifies opportunities for control automation, and implement solutions

· Ensures the timely and quality delivery of control evidences on regular basis to Internal Controls, Internal Audit and External Audits, proactively identify issues before the formal submission

· Act as the liaison between LFP Risk and other departments in support of appropriate change management communication. Ensures compliance with relevant corporate change management policies and standards.

· Support control enhancement projects under supervision. Draft change proposals and obtain proper authorizations and approvals.

· Participates in special projects as required.

· Evaluate model assumptions and weaknesses and prepare reports describing the results of the validation analyses.

· Supports projects aimed at designing, developing and implementing methodologies to measure risk exposure.

· Ability to present finding in a cohesive, clear and actionable format to upper management.

· Ensures proper documentation necessary from the compliance standpoint.

Other Functions:

· Develop working relationships with involved parties internally and externally.

· Lead projects or special assignments as necessary.

Requirements:

· Bachelor’s degree required in a quantitative field or business field; Master’s degree preferred.

· Minimum of 5 to 7 years of experience in a in banking field is preferred, border financial services workable

· Big 4 experience highly desirable for this role, understanding of financial and risk SOX controls.

· Quantitative and analytical skills required.

· Proficient with PC software applications such as Excel, Word, PowerPoint, Access, SQL (DDL and DML)/SAS and Python Programming, VBA is desired

· Previous experience in audit/control areas is preferable

· Experience in consumer credit risk framework and provisioning methodologies.

· Knowledge of finance, statistics, accounting, econometrics.

· Excellent written and verbal presentations skills and ability to communicate well with senior management.

· Flexible, proactive and very professional working style.

· Ability to work independently and under pressure.

· Ability to maintain confidentiality.

Competencies Required

· Regulatory Knowledge & Application

· Risk Management & Control

· Qualitative & Analytical

· Judgment & Decision Making

· Information & Data Management

$94,500.00 USD

$137,500.00 USD