Senior Credit Risk Management Analyst

4 weeks ago


Woodbridge, New Jersey, United States Provident Bank Full time
Job Summary

This role reports to the Credit Risk Analytics Manager and is responsible for preparing the Bank's Allowance for Credit Losses under the Current Expected Credit Loss standard and the Bank's Commercial Real Estate Stress Test. The candidate will also develop ad-hoc credit analytics and reports, and support the initiatives and projects sponsored by the Credit Risk Department.

Main Responsibilities

Run monthly CECL calculation and produce required analyses/reports.
Perform required CECL model monitoring activities, including input sensitivities and back-testing.
Perform annual monitoring and re-calibration of qualitative factors and qualitative factor frameworks revision as needed.
Provide analytical support to Credit Risk Analytics Manager and third-party CECL model developer regarding model re-development activities and documentation.
Provide support to Credit Risk Analytics Manager regarding model validation activities.
Provide support to Credit Risk Analytics Manager as needed regarding scoping of bottom's up models for selected significant portfolios, including CRE, MF, and C&I.

Additional Responsibilities

Perform periodic and ad-hoc CRE Stress Test and related activities, including sample data QC.
Provide analytical support regarding development of economic scenarios and refinement of model inputs/assumptions.
Perform property type specific deep dives and stresses.
Assist Credit Risk Analytics Manager with development of Construction Stress Test Program, including third-party developer due diligence and selection and data scoping.
Assess methodology and provide analytical support regarding calibration of Moody's scorecards.
Provide support to Bank's Capital Stress Test Program, including vendor/platform due diligence and selection and methodology review.
Identify opportunities for process improvements and implement those improvements using technology, including computer programming.
Assist Credit Risk Analytics Manager with identification, testing, and implementation of more robust technology, data, and modeling solutions for a variety of applications, including CECL, stress testing, and credit and data analytics.
Assist Credit Risk Analytics Manager with scoping and development of stress tests on other commercial portfolios, including C&I.

Requirements

3+ years of experience in CRE and/or C&I underwriting required.
2+ years of experience with credit risk models and allowance reserve models preferred.
Banking experience in credit risk and portfolio risk management.
Advanced degree preferably in finance and/or statistics.
Strong analytical, quantitative, critical thinking, problem-solving, communication, and time management skills are required.
Ability to work independently and build strong and productive working relationships is required.
Strong analytical writing skills are required.
Experience with Abrigo, Trepp, and Moody's platforms and solutions preferred.
Knowledge of SR11-7, OCC, FRB, and other relevant banking regulations and regulators is preferred.
Knowledge of computer languages such as Python preferred.
Advanced Excel skills, including Macro/VBA programming.

Provident Bank is an Equal Opportunity Employer

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.
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