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AVP, Credit Analytics - Reserves

Company: SquarePeg
Location: Stamford
Posted on: April 9, 2021

Job Description:

SquarePeg is working with a consumer financial services company to help them find their ideal AVP of Credit Analytics. Here is their description:


Role Summary/Purpose: This role will manage elements of the company's quarterly reserve process, combining quantitative (i.e., modeled) and qualitative analysis, and helping to advance the ACL / CECL process. The goal is to produce well-understood reserve estimates under a well-controlled and documented process, to stand up to a high level of internal and external review. The focus is on analyzing drivers, model monitoring, effective communication, and developing materials for quarterly reviews conducted with senior management.
Analytics Responsibilities:

  • Reserve model SME - Analyze reserve model results and ensure compliance with model governance standards, including model validation support
  • Analyze, size, and document qualitative items evaluated during the reserve estimation process
  • Maintain and enhance a robust reserve back-testing framework incorporating multiple models
  • Provide input regarding quarterly process considerations during model development and throughout model life-cycles
  • Leverage reporting mechanisms to understand areas of concern / focus in the quarterly estimation process, research driving forces, and communicate to other teams within the company
  • Provide support for analytical projects that enhance team capabilities and augment the broader team's understanding of the portfolio and modeling approaches (e.g., portfolio deep-dives, benchmarking, etc.) Process Responsibilities:
    • Manage the reserve committee calendar and meeting agendas, produce meeting materials, and document committee meetings in minutes that evidence effective challenge
    • Drive the reserve team's working group agenda and maintain linkage with partner teams
    • Drive the reserve team's control processes (check-lists, trigger monitoring, e.g.) while producing reserve estimates and developing supporting reports and meeting materials
    • Collaborate with colleagues in Finance, Accounting, Risk, and within the team on projects, as needed
      Other duties and/or special projects may be assigned, as necessary. Qualifications/Requirements:
      • Bachelor's degree in a quantitative field of study (i.e., Accounting, Business, Economics, Finance, Mathematics, Statistics, Engineering) and 5+ years of experience in Risk, Credit, Finance, Accounting, Consumer Lending, and/or other relevant professional experience; or in lieu of a degree 9+ years' experience in Risk, Credit, Finance, Accounting, Consumer Lending, and/or other relevant professional experience.
      • Understanding of reserve principles, including FAS5 / ASC450, FAS114 / ASC310, and CECL / ASC326, as well as regulatory guidance pertaining to reserves and model governance
      • Ability to create visualizations of quantitative information for management decisioning
      • 2+ years of experience in a process quality assurance, control management, or project management role related to consumer lending, preferably in an area with significant financial impacts
      • At least one year of experience using VBA / SAS / SQL / R / Python to perform statistical analysis, query relational databases, and handle large amounts of data
      • 2+ years of experience communicating conclusions of in-depth analysis Desired Characteristics:
        • Graduate degree in a quantitative field, MBA, CPA, CFA, CAS or SOA exams, or other relevant certifications or designations
        • Intermediate/Advanced EXCEL skills with demonstrable familiarity with pivot-tables, worksheet formulas, macros, array formulas, and other techniques
        • Strong PowerPoint skills, including ability to create understandable presentations that incorporate graphs other visual aides to portray complex subjects
        • Strong written and verbal communication skills, to independently present explanations of complex subjects to senior management and partner with teams throughout the company
        • Experience with credit loss modeling in areas such as Loss Forecasting, Reserves, Stress Testing, or other areas with consumer credit impairment estimation
        • Familiarity with reserve and model governance trends and developments across the banking sector, especially as related to credit card and consumer lending (SR11-7, e.g.)
        • Knowledge of external environment, industry / competitor profiles, and typical macro-economic indicators and correlations pertinent to credit card modeling
        • Ability to manage multiple competing initiatives and deliver results within deadlines and with a focus on accuracy and attention to detail Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

          The salary range for this position is 70,000.00 - 150,000.00 USD Annual

Keywords: SquarePeg, Stamford , AVP, Credit Analytics - Reserves, Other , Stamford, Connecticut

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