26 applicants
Provident Bank · 2 days ago
Senior Credit Risk Management Analyst
Iselin, NJ
Full-time
Onsite
Mid Level
3+ years exp
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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 (CRAM) and third-party CECL model developer as needed regarding model re-development activities and documentation.
Provide support to CRAM regarding model validation activities.
Provide support to CRAM as needed regarding scoping of bottom’s up models for selected significant portfolios including CRE, MF and C&I.
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 CRAM 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 implementing those improvements using technology including computer programming.
Benchmarking activities including CECL.
Assist CRAM with identification, testing and implementation of more robust technology, data and modeling solutions for a variety of applications, including CECL (e.g., Moody’s), stress testing, and credit and data analytics (e.g., Dataiku).
Assist CRAM with scoping and development of stress tests on other commercial portfolios including C&I.
Other duties as required.
Qualification
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Required
Advanced degree preferably in finance and/or statistics.
3+ years of experience in CRE and/or C&I underwriting required.
Strong analytical, quantitative, critical thinking, problem solving, communication and time management skills are required.
Ability to work independently and build strong and productive working relationship is required.
Strong analytical writing skills are required.
Experience with Abrigo, Trepp and Moody’s platforms and solutions preferred.
Banking experience in credit risk and portfolio risk management.
Preferred
2+ years of experience with credit risk models and allowance reserve models preferred.
Knowledge of SR11-7, OCC, FRB and other relevant banking regulations and regulators is preferred.
Knowledge of computer languages such as Python preferred.
Ability to influence positive outcomes across a wide variety of business areas.
Solutions-driven, confident, ethical, and highly motivated.
Must be flexible and able to operate in a fast-paced environment.
Advanced Excel skills including Macro / VBA programming.
Company
Provident Bank
Established in 1839, Provident Bank has a strong history of service and stability.
1,001-5,000 employees
Funding
Current Stage
Late StageLeadership Team
Chris Martin
President & CEO
Anthony Labozzetta
President and COO
Recent News
2023-10-22
2023-07-27
Company data provided by crunchbase
