Credit Risk Analyst

Description

Department: Credit Administration

Non-Exempt, Range 12: $36.76 an hour to $55.15 an hour

Report To: SVP Credit Administration

SUMMARY:

With the goal of enhancing lives, fulfilling dreams and building communities this position performs complex financial analysis, responsible for managing the Current Expected Credit Losses (CECL) and loan stress testing models and reporting requirements. This position is also responsible for credit risk reporting, policies, and procedures.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Performs complex financial analysis. Analyzes, interprets and communicates CECL and loan stress testing model results to management. Strong knowledge of credit risks and metrics.
• Own models including assumptions, portfolio segmentation decisions, and results calculations. Creation and ongoing maintenance of all CECL and loan stress testing related documentation: desktop procedures, policies, etc.
• Primary interface for internal and external parties on CECL and loan stress testing, including auditors and regulators. Generates all related reporting for internal stakeholders.
• Manages CECL Qualitative Adjustment calculations.
• Partners with Numerica’s lending and credit teams to understand business practices related to Qualitative factor categories and ratings.
• Partner with Accounting, Organizational Data Management, and IT to ensure necessary data is available, accurate, and internal protocols are being followed.
• Responsible for ongoing model risk management.
• Point of contact for economic data, assumptions, and forecasts utilized in Numerica’s CECL model.
• Create reports from the data warehouse and other databases.
• Maintains knowledge and adheres to all BSA regulations and compliance standards on internal and external policies.
• Effectively incorporates concepts of CARES Principles in daily behaviors and interactions:

           Connect – Create meaningful relationships

           Ask – Be intentionally curious

           Resolve – Actively seek solutions

           Elevate – Never stop improving

           Strengthen – Be the difference

SUPERVISORY RESPONSIBILITIES:

This position has no formal, direct supervisory responsibilities although will work with leaders and peers in the organization to drive results.

PERFORMANCE STANDARDS:

Contributes to the organization's mission statement and goals by providing the highest quality of service, treating each person professionally - with warmth, courtesy, and respect, and making a personal effort to make members feel they belong and are important to the credit union.

All reporting must be accurate, in balance, prepared on a timely basis, and in accordance with generally accepted accounting principles and applicable regulation. Must be able to communicate well with other credit union employees and demonstrate leadership ability. A professional attitude and appearance is vital to the success of this position.

EDUCATION and/or EXPERIENCE:

Bachelors degree plus four to six years’ experience, or equivalent years of experience and education. The ability to communicate verbally and in writing with others is essential. Technical proficiency in Excel (formulas and pivot tables) is preferred. Previous experience with CECL is preferred.

CERTIFICATES, LICENSES, REGISTRATIONS:

None required.

SKILLS and ABILITIES:

Ability to solve practical problems and deal with a variety of concrete variables in situations where limited standardization exists. Ability to operate a personal computer. Familiarity with bank or credit union accounting terminology, standards and acronyms is helpful. Ability to lift up to 25lbs.

A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Outside contacts become important and fostering sound relationships with other entities, companies and/or individuals, becomes necessary.

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to effectively write reports, business correspondence, procedure manuals and e-mails.

Disclaimer: The job description does not imply an employment contract, nor is it intended to include every duty, task or instruction for which the employee is responsible. Other tasks may be assigned, based on business need and at Management’s request.

Learn more about our Benefits and Perks here-

https://www.numericacu.com/globalassets/images/pdfs/employee-benefits-summary-numerica.pdf

Requirements

Numerica Credit Union is an Equal Opportunity/Affirmative Action Employer

Numerica Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for purposes of participating in the application/hiring process with Numerica Credit Union. If you are unable or limited in your ability to use or access Numerica Credit Union’s career page at www.numericacu.com as a result of your disability, you can request reasonable accommodations by calling your recruiter.