Allowance Model Operator Team Specialist

This is a fully remote position, open to applicants in Maine, +1 more state.

📋 Description

• Serve as a subject matter authority for portfolio-specific workstreams within the quarterly Expected Credit Loss and Provision for Credit Loss allowance calculation processes.

• Provide strategic guidance to Credit Risk executives and process partners regarding the design, enhancement, and implementation of IFRS9 and CECL credit allowance models.

• Engage in projects and initiatives from inception to completion, ensuring thorough execution and adherence to regulatory standards.

• Collaborate with senior leadership, stakeholders, business partners, and cross-functional teams throughout the quarterly credit allowance process.

• Analyze complex business challenges and produce multifaceted insights to foster growth or meet business objectives.

• Deliver insights and proposed actions through audience-appropriate visualizations and presentations.

• Convert business requirements into analytical and reporting needs.

• Examine data and analytics issues, clarify anomalies and outliers, and suggest solutions.

• Create business requirements, facilitate project execution, and provide fact-based analytical guidance.

• Collect analytics requests from business teams and collaborate with the analytics hub to address them.

• Conduct analyses, execute data requests promptly and accurately, and educate users on integrating analytics into their decision-making processes.

• Lead or facilitate remedial actions for performance, risk, and governance challenges.

• Ensure compliance with both internal and external requirements while maintaining robust risk-management controls.

• Manage stakeholder relationships, stay updated on regulatory changes, and communicate project progress.

• Provide thought leadership, knowledge transfer, mentorship, and support team development.

⛳️ Requirements

• Bachelor's degree or advanced technical degree preferred in mathematics, physics, engineering, finance, computer science, or a related discipline.

• Graduate degree preferred with progressive project work experience, or over 7 years of relevant experience.

• More than 7 years of pertinent experience.

• Understanding of credit concepts and regulatory expectations.

• Competence in establishing and nurturing relationships while making judgment decisions in a fast-paced, time-sensitive environment.

• Capability to manage multiple initiatives with varying levels of risk, timelines, and coordination.

• Ability to learn, research, and analyze data issues using banking software such as Alteryx and Excel.

• Foundational understanding of the loan lifecycle, including adjudication, risk ratings, categorization/classifications, and the reserve process.

• Familiarity with IFRS9 and CECL credit allowance models and quarterly ECL/PCL processes.

• Proficiency in interpreting complex data and analytics results to generate multidimensional insights.

• Skill in employing quantitative and qualitative methodologies to analyze and present data.

• Ability to comprehend data capabilities and translate business needs into analytics requirements.

• Competence in ensuring compliance with internal and external standards, financial controls, segregation of duties, transaction approvals, and asset controls.

🏝️ Benefits

• Variable compensation and incentive awards, including eligibility for cash and/or equity incentive awards.

• Health and wellness benefits.

• Savings and retirement programs.

• Paid time off, including Vacation PTO, Flex PTO, and Holiday PTO.

• Banking benefits and discounts.

• Opportunities for career development.

• Reward and recognition initiatives.

• Regular discussions about career, development, and performance with a manager.

• Access to an online learning platform.

• Participation in mentoring programs.

• Involvement in training and onboarding sessions.

• Support for applicants with disabilities.