Retail Credit Risk Stress Testing Production Manager- Risk Analytics- Hybrid

1 week ago

San Francisco, United States First Citizens Bank Full time
Overview

This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.

The Manager - Credit Risk Stress Testing Production position reports to the Senior Director Risk Analytics and leads the team responsible for execution the Bank's Credit Loss stress testing efforts retail loss forecasting. This team is responsible for the build out and execution of the credit loss portions of the bank's annual CCAR Stress Testing exercise, as well as additional runs as needed throughout the year. The team also authors the credit loss portions of the annual capital plan and is responsible for maintaining detailed process and procedure documentation consistent with peer best practices and regulatory expectations.

Responsibilities

The Manager works with leadership to establish and implement best practices within this team, establish current and long-term production/execution priorities; lead day to day execution activities, including production cycles, between cycle testing, and sensitivity analysis; and to ensure alignment with Bank policies established by the 2nd line Capital Risk Oversight function, adherence to all applicable regulatory guidance and industry best practices and aligned to business needs. Further, the Manager works directly with the Credit organization to ensure appropriate review and challenge of the results is completed and documented. Lastly, this leader will manage a team of analysts, distributed across multiple locations including resource planning, team skills development, and administrative planning.

The manager supports Bank responses to audit, model risk management and regulatory examinations and for all Credit Risk Stress Testing Activities and coordinates these activities with the Senior Director - Risk Analytics, as well as the heads of Model Development, Model Implementation, and Capital Planning.

  • In partnership with group leadership, define and set strategies to lead the planning and execution of the Bank's Credit Risk Stress Testing programs.
  • Recommend appropriate changes to program policies, procedures, and efficiencies to meet objectives.
  • Lead tactical execution of the Credit Risk Stress Testing including Annual CCAR, midcycle, and ad-hoc runs.
  • Recommend enhancements to processes and procedures to meet Bank goals and regulatory expectation for key processes related to Credit Risk Stress Testing.
  • Lead the team in developing comprehensive reporting and analytical documentation of the results.
  • Develop relationships with the credit risk function and leverage those relationships to maintain an effective review and challenge process with all relevant stakeholders.
  • Management/Leadership - Provide SME guidance to the Credit Risk Stress Testing team on regulatory expectations.
  • Manage the performance, training, and evaluation of assigned staff. Maximizes department achievements by providing professional development.
Qualifications
  • Bachelor's Degree and 8 years of experience in Risk Management or Analytics in the Financial Services industry, and management role OR High School Diploma or GED and 12 years of experience in Risk Management or Analytics in the Financial Services industry, and management role.

Additional Requirements:

  • A minimum of 4 years of Direct experience with executing CCAR/DFAST Stress testing -preferably with respect to credit losses, at a $50BN or larger bank.
  • Knowledge of financial risk modeling as well as spreadsheets and databases.
  • Strong understanding of regulatory expectations for Capital Planning and Stress Testing (Capital Plan Rule, SR1519, SR 12-7, ROPE, SR 11-7, etc.).
  • Strong knowledge of Credit Risk principles which inform credit loss forecasting.
  • Management skills.
  • Prioritization skills.
  • Strong communication skills - interpersonal.
  • Organization skills.
  • Detail oriented.

Preferred Qualifications:

  • Experience with statistical/data software packages such as Netezza, SQL, Python, SAS.
  • Direct Experience with Credit Loss Forecasting (Either CCAR, CECL, or FP&A).
  • Prior experience managing a team.

If hired in CA, the base pay for this position is generally between $141,522 and $217,000. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here.

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