Director, Allowance for Credit Loss

2 weeks ago

Dallas, United States CareerBuilder Full time

Job Description

Hilltop Holdings Inc. (NYSE:HTH) is a Texas-based diversified financial holding company specializing in banking, mortgage origination, and financial advisory through its wholly owned subsidiaries, PlainsCapital Bank, PrimeLending, and HilltopSecurities. Hilltop Holdings is looking for a Director of Allowance for Credit Loss iwho will be responsible for managing the CECL requirements across Hilltop Holdings. The Director of ACL leads a group in this end to end process comprised of senior leaders from Plains Capital Bank (PCB) Credit Administration, PCB Loan Review, HTH/PCB Accounting and Finance, HTH/PCB Treasury, HTH Enterprise Risk, and HTH Model Risk Management.

Responsibilities

Manages a team responsible for reviewing and running the quantitative models and their related components (including PD, LGD, EAD, etc.) used for the Current Expected Credit Loss (CECL) estimate for each month and quarter. Review and analyze CECL results for trends and shifts.
Develop sensitivity and scenario analysis to estimate the effects of changes in economic forecasts and other model assumptions on expected credit losses to inform decisions at ACL Working Group and Credit Committee meetings.
Lead the CECL team in the collaborating with Credit Underwriting, Special Assets, and Loan Review teams to test, verify, and document risk rating scorecard and core loan system inputs used in the allowance for credit loss estimates for each period are complete and accurate.
Oversee the preparation and maintenance of ACL documentation each quarter, including attribution and accounting memos, materials for working groups, executives and committees, model documentation and user guides, SOX control reviews and other presentations as needed.
Lead coordination of interim reviews and annual audits of ACL processes with Model Risk Management (MRM) and internal/external auditors.
Maintain, review and recommend for approval through the governance process changes to the HTH Allowance for Credit Loss Policy.
Coordinates with Loan Review to ensure the independent review of loan risk grades on an annual basis or when any significant change to the scope is made by the Loan Review, the conducting of reviews for new loans greater than $1 million and ensure risk ratings are appropriate considering quantitative and qualitative criteria.
Verifies on a quarterly basis that HTH Accounting management reviews and approves the Allowance for Credit Loss Calculation and Analysis Memo ("the SAB 102 Memo"), which summarizes HTH's ACL methodology and the results of the ACL calculation.
Oversee the range of Moody's economic scenarios for potential application to the various models employed to calculate the ACL.
Performs a scoping analysis of the consolidated balance sheet to ensure methodologies for calculating a GAAP compliant ACL for each loan/asset classification/type have been developed and confirm the appropriate methodology was applied to the population of in-scope loans/assets by classification/type.
Leads the ACL Working Group to collectively review and discuss each department's work products and contributions to the ACL calculation and analyses. After debate and consideration of all available information, leads the ACL Working Group in developing an ACL recommendation to the HTH Credit Committee.
Formulates and presents rational and recommendation to Hilltop Holdings Credit Committee and Asset Liability Committees for ACL.

Qualifications

Bachelor's degree in accounting, finance, or related field. Master in Accounting and CPA preferred.
Prior experience with credit risk vendor models such as Moody's Impairment Studio, CMM, RiskCalc, MPA or CreditLens.
10 years of relevant work experience.
Excellent PC skills, MS Office suite products.
Ability to demonstrate excellent detail orientation, critical thinking and analytical skills.
Displays excellent time management, organizational and problem-solving skills.
Ability to work well under pressure and meet deadlines.
Must have strong verbal, written and interpersonal communication skills.
Ability to work independently with little supervision or guidance and effectively across various levels.

The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the Company.

About Us

Founded in 1998 and headquartered in Dallas, Texas, Hilltop Holdings offers a diverse range of financial services through its three primary subsidiaries, PlainsCapital Bank, PrimeLending, and HilltopSecurities. PlainsCapital Bank is a leading commercial bank with locations throughout Texas. PrimeLending is a national mortgage provider focused on purchase mortgage originations. HilltopSecurities provides financial advisory, clearing, retail brokerage, and other investment banking services. Hilltop Holdings seeks to build the premier Texas-based diversified financial services holding company through acquisitions and organic growth. To learn more, please visit www.hilltop-holdings.com.
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