Credit Portfolio Risk Analyst

Credit Portfolio Risk Analyst

Job Summary:

In supporting the quarterly production of the company's allowance for credit losses in the loan and lease portfolio, the Credit Portfolio Risk Analyst engages in collaborative efforts with various stakeholders. They conduct analyses aimed at substantiating the estimation of credit losses, adhering to established protocols and keeping detailed documentation that validates the outcomes.

Job Responsibilities:

• Oversee the quarterly calculation of the allowance for credit loss provisions, independently overseeing the assigned tasks following the agreed methodology and SOX regulatory structures.
• Analyze crucial factors driving modifications in the ACL, ranging from fluctuations in interest rates and loan volumes to economic forecasts and the diversity of credit types, while also proposing solutions for unconventional drivers that can affect these changes.
• Coordinate with the Credit department and other key stakeholders to suggest, create, and record qualitative alterations.
• Generate and sustain ACL documentation support, comprising materials for working group use, quarterly governance meetings, ad-hoc analyses and documentation, as well as financial disclosures and reports required for regulatory purposes.
• Support the sharing of conclusions and other ACL-related information with both internal and external recipients.
• Support the operationalization of internal strategic initiatives to enhance their alignment with the goals of the ACL Program.
• Ensures familiarity with the relevant accounting guidelines and regulatory requirements related to Current Expected Credit Losses, together with comprehending the credit risk factors impacting the loan and lease portfolio.

Additional Accountabilities:

• Handles specific tasks and additional responsibilities as requested.
• Consistently complies with the regulatory and compliance policies tied to the job role and satisfactorily finishes all mandatory compliance training. Takes ownership of maintaining compliance with the appropriate federal, state, and local laws and regulations.

Job Requirements:

• Successful completion of a Bachelor's degree program or its similar standard is needed.
• - Applicants should have at least 2 years of experience in credit risk management, accounting, or a similar field.
• Proficient in Python.

Preferred Qualifications:

• Awareness of CECL (Current Expected Credit Loss) is key.
• Experience within mid-size and major financial establishments.
• Working knowledge of the Alteryx platform.

Job Competencies:

• Primary concept of financial scrutiny and projecting upcoming financial forecasts.
• Proficient in the use of data querying languages and tools.
• Exceptional quantitative and analytical capabilities.
• Professional writing skills.
• Proficient in presenting information clearly and communicating effectively with others.
• Demonstrated skill in autonomously managing assigned tasks, collaborating with a diverse group of people, and delivering on commitments as required.
• Travel < 15%.
• No atypical physical exertion is expected for this position (ADA).

Flagstar stands by the practice of giving every individual an equal chance in the hiring process:

Flagstar provides its employees with a broad spectrum of benefits, encompassing medical, dental, vision, life, and disability insurance, alongside a comprehensive leave program.

Employment opportunities will be extended to individuals with prior arrests or convictions, ensuring compliance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, and similar regulations in San Francisco and beyond.

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