Skip to main content

This site functions best with JavaScript enabled

Search Jobs

Sr. Associate – CECL & IFRS Allowance Loss Forecasting

Apply Req ID: Req0969062 Date posted 07/07/2022
Sr. Associate – CECL & IFRS Allowance Loss Forecasting

Dallas, United States of America

WHAT YOU WILL BE DOING

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.

As a part of our commitment to the health and safety of our employees and clients, we have implemented COVID-related health and safety requirements for our workforce. These requirements may include all or some combination of: disclosing your vaccination status, being fully vaccinated, regular testing, mask wearing and social distancing. As you go through our selection process, the requirements will be clearly disclosed to you.

Apply

Featured Jobs

View All of Our Available Opportunities

Your Jobs

You currently have no jobs saved.

Work in Dallas

Check out where you could be working if you apply.

About this location

Get the Scoop

Keep your finger firmly on the pulse. Sign up, and you'll receive news, updates and alerts for the newest Santander roles as they become available.

already signed up? click here