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Sr. Associate - CECL & IFRS Allowance Loss Forecasting

Company: Santander Holdings USA Inc
Location: Fort Worth
Posted on: November 24, 2022

Job Description:

Sr. Associate - CECL & IFRS Allowance Loss Forecasting

Dallas, United States of America


Essential Functions:

  • Responsible for the reserve methodology and aggregation of analytics to establish an accurate reserve that adequately covers the business credit risk exposure
  • Assist in Ad hoc provision analysis
  • Demonstrated professional proficiency in loan-level loss forecasting models for PD/PP/LGD/EAD
  • Monitor economic stressors to the business and examine the credit risk impact of economic indicator changes on the loss estimation.
  • Ability to manage complex processes and deliver results within compressed timelines
  • Evaluate model assumptions and weaknesses and prepare reports describing the results of the validation analyses
  • Must have knowledge of modeling and conducts research on current risk methodologies
  • Participate in analyzing and evaluating complex models by using statistical techniques which directly support critical decision-making processes
  • Assist in deep-dive analysis relate to our provision calculation
  • Strong desire to proactively identify gaps and improve the status quo
  • Understanding and applying proper risk framework to the analysis and modeling.
  • Supports projects aimed at designing, developing, and implementing methodologies to measure risk exposure.
  • Ability to present findings in a cohesive, clear, and actionable format to the upper management
  • Conducts research of current risk frameworks/methodologies and industry developments and active application of the findings in risk modeling and analysis.
  • Ensures proper documentation necessary from the compliance standpoint
  • Demonstrated aptitude/ preference for working in teams and building relationships. Requirements:
    • A minimum Master's degree is required in a quantitative field; Majors in Statistics, Mathematics, or Economics are preferred
    • 5+ years of experience in risk management or related functions; have a solid understanding of model loss forecasting, contributing to quarterly reporting, collaborating with senior stakeholders, and producing sophisticated complex management packages; applied knowledge of loan loss reserves and solid writing skillset on reserve related memo and committee slide are strongly preferred.
    • Strong understanding of software applications such as SQL, SAS/Python, Microsoft Office, VBA, Access, R
    • Ability to work under pressure when necessary and meet specific objectives consistently
    • Knowledge and ability to validate complex forecasting models/ tools.
    • Familiar with advanced credit risk management techniques such as parameter estimation, stress testing, model development and validation, model risk management, capital planning, and evolving supervisory policy issues.
    • A strategic and tactical thinker with the ability to multitask and prioritize
    • Dedication to information integrity, accurate reporting, and strict confidentiality
    • Analytical, technical, and problem solving skills, with strong attention to detail
    • Ability to effectively explain to others how to understand and approach complicated issues
    • Ability to work effectively in a team environment with all levels of personnel
    • Vision and ability to provide innovative solutions to core business practices.
    • Excellent interpersonal, relationship-building, and communication skills (verbal and written).

      Primary Location: Dallas, Texas, United States of America

      Other Locations: Texas-Dallas

      Organization: Santander Consumer USA Inc.

Keywords: Santander Holdings USA Inc, Fort Worth , Sr. Associate - CECL & IFRS Allowance Loss Forecasting, Other , Fort Worth, Texas

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