Jenius Bank
Executive Director, Quantitative Analytics and Model Oversight Leader (Remote)
Jenius Bank, New York, New York, us, 10261
Overview
If you are considering sending an application, make sure to hit the apply button below after reading through the entire description. Executive Director, Quantitative Analytics and Model Oversight Leader (Remote) at Jenius Bank. The Financial and Quantitative Risk team at SMBC MANUBANK’s is responsible for providing 2nd line oversight over financial risks including credit risk, market risk, liquidity risk and model risk. The Quantitative Analytics and Model Oversight Leader will be responsible for managing and leading end-to-end CECL allowance process and other credit forecasting activities including budgeting, stress testing and CCAR. The incumbent will lead a small team and will be reporting to the Managing Director, Head of Financial and Quantitative Risk.
Responsibilities
Be responsible for the end-to-end quarterly CECL allowance process and loss provision forecast for the bank, including communication to SMBC executives, bank Board of Directors (Committees), and leadership globally.
Design and conduct stress testing and scenario analysis to assess the impact of adverse economic conditions on the various financial aspects of the bank – influencing larger global initiatives given the nuances specific to a regional-commercial and national-consumer bank.
Implement CCAR for MANUBANK in close partnership with key stakeholders from SMBC Americas.
Partner with risk modeling and model validation teams to provide oversight over all models at MANUBANK, ensuring models are aligned with corporate policies, fit for use, adequately monitored and findings are closed on time.
Maintain expert-level knowledge of the financial and regulatory landscapes – local, national, and global – and adjust as necessary.
Work collaboratively with 1st and 3rd lines of defense, as well as Non-Financial risk specialists within the 2nd line of defense.
Represent MANUBANK’s interests with regional and global stakeholders, governance bodies, internal auditors and regulators.
Lead and mentor a small team of analysts, supporting the Bank’s risk culture throughout management routines.
Support MANUBANK’s culture of Risk Management and Compliance and the SMBC/MANUBANK Code of Conduct, addressing problems promptly and holding colleagues accountable for integrity.
Position Specifications
Bachelor's Degree in Finance, Economics, Business Administration, Scientific, Data Science or equivalent quantitatively-based field
Advanced degree or professional certification preferred
CFA or FRM certification a plus
12+ years of experience, including substantial experience in credit risk management and credit forecasting activities and overall bank financial management – with significant exposure to loan loss provisions and CECL reserving
Experience managing loss provisions through economic stress in a growth environment; CCAR experience is a plus
Strong communication skills with ability to interface with senior management including the CEO, Board of Directors, parent representatives, peers, auditors, and regulators
Proficiency in risk modeling and data analysis; role requires exposure to risk modeling to ensure models are fit for purpose
Exceptional communication and presentation skills; open, candid, clear and consistent; able to listen and probe for ideas
High attention to detail with strong organizational skills
Proven ability to recruit, build and develop a team of high-caliber talent
Hands-on professional manager with integrity, energy, and drive
Strong knowledge across commercial and retail banking lending products; advanced knowledge of scoring, machine learning and risk dynamics
Additional Salary range: The anticipated salary range for this role is between $223,000.00 and $255,000.00. The specific salary offered will be based on the individual’s qualifications, experience, and market data. The role may also be eligible for an annual discretionary incentive award. A competitive benefits package is offered in addition to cash compensation.
EEO and Privacy SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the purposes for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure. Persons with disabilities may contact our Customer Contact Center for alternative formats.
Seniority level
Not Applicable
Employment type
Full-time
Job function
Research, Analyst, and Information Technology
#J-18808-Ljbffr Remote working/work at home options are available for this role.
If you are considering sending an application, make sure to hit the apply button below after reading through the entire description. Executive Director, Quantitative Analytics and Model Oversight Leader (Remote) at Jenius Bank. The Financial and Quantitative Risk team at SMBC MANUBANK’s is responsible for providing 2nd line oversight over financial risks including credit risk, market risk, liquidity risk and model risk. The Quantitative Analytics and Model Oversight Leader will be responsible for managing and leading end-to-end CECL allowance process and other credit forecasting activities including budgeting, stress testing and CCAR. The incumbent will lead a small team and will be reporting to the Managing Director, Head of Financial and Quantitative Risk.
Responsibilities
Be responsible for the end-to-end quarterly CECL allowance process and loss provision forecast for the bank, including communication to SMBC executives, bank Board of Directors (Committees), and leadership globally.
Design and conduct stress testing and scenario analysis to assess the impact of adverse economic conditions on the various financial aspects of the bank – influencing larger global initiatives given the nuances specific to a regional-commercial and national-consumer bank.
Implement CCAR for MANUBANK in close partnership with key stakeholders from SMBC Americas.
Partner with risk modeling and model validation teams to provide oversight over all models at MANUBANK, ensuring models are aligned with corporate policies, fit for use, adequately monitored and findings are closed on time.
Maintain expert-level knowledge of the financial and regulatory landscapes – local, national, and global – and adjust as necessary.
Work collaboratively with 1st and 3rd lines of defense, as well as Non-Financial risk specialists within the 2nd line of defense.
Represent MANUBANK’s interests with regional and global stakeholders, governance bodies, internal auditors and regulators.
Lead and mentor a small team of analysts, supporting the Bank’s risk culture throughout management routines.
Support MANUBANK’s culture of Risk Management and Compliance and the SMBC/MANUBANK Code of Conduct, addressing problems promptly and holding colleagues accountable for integrity.
Position Specifications
Bachelor's Degree in Finance, Economics, Business Administration, Scientific, Data Science or equivalent quantitatively-based field
Advanced degree or professional certification preferred
CFA or FRM certification a plus
12+ years of experience, including substantial experience in credit risk management and credit forecasting activities and overall bank financial management – with significant exposure to loan loss provisions and CECL reserving
Experience managing loss provisions through economic stress in a growth environment; CCAR experience is a plus
Strong communication skills with ability to interface with senior management including the CEO, Board of Directors, parent representatives, peers, auditors, and regulators
Proficiency in risk modeling and data analysis; role requires exposure to risk modeling to ensure models are fit for purpose
Exceptional communication and presentation skills; open, candid, clear and consistent; able to listen and probe for ideas
High attention to detail with strong organizational skills
Proven ability to recruit, build and develop a team of high-caliber talent
Hands-on professional manager with integrity, energy, and drive
Strong knowledge across commercial and retail banking lending products; advanced knowledge of scoring, machine learning and risk dynamics
Additional Salary range: The anticipated salary range for this role is between $223,000.00 and $255,000.00. The specific salary offered will be based on the individual’s qualifications, experience, and market data. The role may also be eligible for an annual discretionary incentive award. A competitive benefits package is offered in addition to cash compensation.
EEO and Privacy SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the purposes for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure. Persons with disabilities may contact our Customer Contact Center for alternative formats.
Seniority level
Not Applicable
Employment type
Full-time
Job function
Research, Analyst, and Information Technology
#J-18808-Ljbffr Remote working/work at home options are available for this role.