Teachers Federal Credit Union · 2 weeks ago
Manager Credit Risk Modeling
Hauppauge, NY
Full-time
Onsite
Mid, Senior Level
$104K/yr - $135K/yr
5+ years expTeachers Federal Credit Union is one of the nation’s leading credit unions, committed to guiding members toward building a strong financial foundation. The Manager of Credit Risk Modeling will oversee the development and maintenance of credit risk models, lead a team of quantitative analysts, and ensure compliance with regulatory requirements.
BankingFinance
No H1B
Hiring Manager
Katie Murphy Scholder
Responsibilities
Lead the production process of the monthly Current Expected Credit Loss (CECL) estimation using 3rd party vendor application including data validation
Monitor and report on credit risk exposures and trends. Provide recommendations to mitigate potential credit risks
Work with senior staff to prepare monthly CECL results and detailed monthly report alongside additional executive reports for presentation in ALCO
Responsible for business analysis for model improvements and updates in the application and work with senior staff for review and rollout
Perform model back testing, sensitivity analysis and scenario analysis along with providing support to address model validation findings
Provide analytical support for model validation, business reviews, audit reviews and ad-hoc requests
Able to analyze large data sets leveraging credit risk analytics platform to review loan pools
Drive automation and continuous improvement of existing processes
Maintain relevant policies, procedures & guidelines
Support development of a robust and consistent control framework that is established to meet the expectations of auditors/regulators
Support the Treasury team in other functions as required
Qualification
Required
Bachelor's degree in finance, economics, or related field required
Minimum 5 years' experience in financial analysis
Statistical analysis and quantitative techniques
Able to document procedures and process flows
Good analytical and problem-solving skills
Effective communication and writing skills
Highly attentive to details, while being able to work under pressure and deliver timely and accurate results
Cash Management | Financial Planning & Analysis (FP&A) | Treasury Management | Trend Analysis | Credit and Collections Software | Financial Analysis Software | CECL| ALM
Preferred
Experience in financial services industry along with working with financial systems
Data management experience, including ability to perform statistical analysis and mine large data sets
Knowledge of lending products
Benefits
This position is eligible for our annual discretionary bonus program.
Some positions within the credit union also qualify for quarterly performance incentives
Paid time off for vacation, personal days, and holidays
401(k) company contribution
Teachers pays 100% of Dental & Vision premium
Tuition reimbursement is offered to full-time employees
Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers
Company
Teachers Federal Credit Union
Teachers Federal Credit Union is a company which develops finance related apps for iPhone
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Brad Calhoun
President/CEO
Denise McGlone
Chief Financial Officer
Recent News
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