Director/ Senior Director, CECL Execution
Company: First Citizens Bank
Location: Lillington
Posted on: May 3, 2024
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Job Description:
Overview: The Director/Senior Director - CECL Execution will
lead the modeling team responsible for execution of First Citizens
Bank's Allowance for Credit Losses modeling process including
leading execution of the models, execution of controls over this
key process, and governance of the ACL process. Reports to FCB Head
of Modeling & Analytics and works closely with the Head of Modeling
& Analytics, the Chief Data & Analytics Officer, Head of Corporate
Accounting and Chief Credit Officers to execute the quarterly
business as usual CECL modeling process as well as to set strategy
around ACL execution including general process improvement,
remediation of any audit/regulatory/model risk issues, enhancements
to analytics, and integration FCB's acquisitions into a combined
ACL estimation process. Responsibilities: Ownership of the CECL
calculation engine for all in-scope assets, ensuring alignment with
regulatory, audit and model risk management standards and including
understanding and proposing improvements to platform configurations
and calculation methodologiesCoordination with stakeholders and
owners of sub functions within the CECL process, including
accounting / finance, and model developers/owners within the
Modeling & Analytics organization.Oversee CECL team interaction
with Model Risk Management, Internal Audit, External Audit and
Regulatory bodies including exam coordination, exam response, and
issue remediationAdvise executive leadership on credit loss
methodologies and changes in loan loss reserves.Lead design and
implementation of revised end to end ACL estimation process
including enhanced reporting and analytics capabilities,
reconsideration of key assumptions such as reasonable and
supportable periods and reversion techniques, design and
implementation of qualitative adjustments/overlays process,
redocumentation of key methodologies and assumptions, redesign of
governance framework and governance materialsPerform in-depth
analysis, including trends, variances, macro-variable scenario
impact, etc. for the CECL reserve process.Perform scenario
analysis, estimating the effects of changes in forecasts and
assumptions on expected credit losses on an ongoing basis.Maintain
documentation of portfolio data assumptions and collaborate with
the enterprise and credit data teams on issues impacting CECL
estimationAnalyze and document allowance results, including
attributionProvide subject matter expertise on CECL-related issues,
including providing guidance to management and other team members
on the interpretation and application of the standard, in close
partnership with the accounting policy teamStay current on industry
developments and best practices related to CECL and provide
recommendations for continuous improvement of the organization's
CECL-related processes and controlsLead cross-functional governance
committee to obtain approval of resultsCollaborate with credit
model owners to ensure appropriate model documentation and
processes Collaborate with the corporate technology team to ensure
systems incorporate appropriate data inputs/assumptionsConceive and
execute complex projects across multiple teams, applying change
management, influencing and communication skillsPerform ad-hoc
analysis and special projects as needed Qualifications:
Keywords: First Citizens Bank, Jacksonville , Director/ Senior Director, CECL Execution, Executive , Lillington, North Carolina
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