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CECL Quantitative/Modeling Analyst

Description

JOB BRIEF (PURPOSE)
Assist in developing and running the new Current Expected Credit Loss (CECL) target operating model (TOM) that will replace the existing incurred loss process beginning January 1, 2020. Engage with the end-to-end process from data input to external reporting, with primary focus on producing and analyzing results in SAS ECL (calculation engine used to produce expected losses for loan and lease portfolios). Challenge results for reasonableness and develop communication materials to explain results, including rationale for any observed volatility. Assist in the rollout of the TOM to other stakeholders.

ESSENTIAL JOB FUNCTIONS
  • Run Commercial and Consumer models in SAS ECL
  • Analyze and challenge results both at the loan and portfolio level, including testing/evaluating:
    • Application of adjustments
    • Amortization methodology
    • Reasonableness of results (modeled, overlay, specific allocation, qualitative, and in total)
  • Analyze the impact of different scenarios on the allowance for loan and lease losses (ALLL)
  • Identify potential qualitative adjustments based on modeled results and conversations with lines of business, credit risk, model developers, etc.
  • Analyze reports produced by SAS ECL and identify additional reports that can be developed
  • Prepare materials to share results with a variety of audiences, including Senior Management
  • Identify controls that can be established to ensure the end-to-end process is well controlled
  • Develop policies and procedures related to loan loss reporting, including assisting the development of the run book
  • Develop an understanding of the key methodology assumptions and risk drivers for each of the Commercial and Consumer models
  • Keep current on ALLL regulatory and accounting developments
  • Minimize surprises and promote effective, timely and consistent communication to peers and superiors
  • Develop process calendars and work with manager to ensure deadlines are met
  • Ensure accountability and document procedures and controls
  • Effectively manage risks and rewards

MARGINAL OR PERIPHERAL FUNCTIONS
Prepare ad-hoc projects and analyses
Assist in Risk Management projects and initiatives
Present process improvement ideas
Assist in training of new employees
Back up other employees

REQUIRED QUALIFICATIONS
Bachelor’s Degree (Math/Statistics, Economics, Finance, or related degree preferred)
Advanced Microsoft Office skillset, including Excel and PowerPoint
Credit or Related Finance Experience - 2 years or more
Experience preparing analyses for and communicating with Senior Management

PREFERRED QUALIFICATIONS
MBA a plus
SAS a plus
Cognos a plus
Ability to create queries
Experience with quantitative modeling techniques and/or macroeconomic forecasting a plus
Database and Loan system knowledge (including CL3, Loan IQ, Hogan, ALS)
Knowledge of KART, General Ledger and KEIS


ABOUT KEY:
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

ABOUT THE BUSINESS:
KeyBank has administrative services in place that help support the business. These include: Finance, Human Resources, Legal, and Marketing. KeyBank’s Corporate Center supports strategic initiatives through multiple teams which provide distinctly different, yet interrelated, disciplines for the Corporate Bank Leadership team and its business groups.

FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Requirements

 

Job Snapshot

Location US-OH-Cleveland
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Accounting, Finance, Banking
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Company Overview

KeyBank

Clients are the foundation of KeyBank. They make it possible for us to reach our number one goal of profitably growing revenue. Delivering exceptional client service makes that happen. As a member of our client services team, you will not only help us reach that goal, but you'll also have the opportunity to grow and thrive in a best-in-class organization. Learn More

Contact Information

US-OH-Cleveland
Snapshot
KeyBank
Company:
US-OH-Cleveland
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Accounting, Finance, Banking
Store Type:

Description

JOB BRIEF (PURPOSE)
Assist in developing and running the new Current Expected Credit Loss (CECL) target operating model (TOM) that will replace the existing incurred loss process beginning January 1, 2020. Engage with the end-to-end process from data input to external reporting, with primary focus on producing and analyzing results in SAS ECL (calculation engine used to produce expected losses for loan and lease portfolios). Challenge results for reasonableness and develop communication materials to explain results, including rationale for any observed volatility. Assist in the rollout of the TOM to other stakeholders.

ESSENTIAL JOB FUNCTIONS
  • Run Commercial and Consumer models in SAS ECL
  • Analyze and challenge results both at the loan and portfolio level, including testing/evaluating:
    • Application of adjustments
    • Amortization methodology
    • Reasonableness of results (modeled, overlay, specific allocation, qualitative, and in total)
  • Analyze the impact of different scenarios on the allowance for loan and lease losses (ALLL)
  • Identify potential qualitative adjustments based on modeled results and conversations with lines of business, credit risk, model developers, etc.
  • Analyze reports produced by SAS ECL and identify additional reports that can be developed
  • Prepare materials to share results with a variety of audiences, including Senior Management
  • Identify controls that can be established to ensure the end-to-end process is well controlled
  • Develop policies and procedures related to loan loss reporting, including assisting the development of the run book
  • Develop an understanding of the key methodology assumptions and risk drivers for each of the Commercial and Consumer models
  • Keep current on ALLL regulatory and accounting developments
  • Minimize surprises and promote effective, timely and consistent communication to peers and superiors
  • Develop process calendars and work with manager to ensure deadlines are met
  • Ensure accountability and document procedures and controls
  • Effectively manage risks and rewards

MARGINAL OR PERIPHERAL FUNCTIONS
Prepare ad-hoc projects and analyses
Assist in Risk Management projects and initiatives
Present process improvement ideas
Assist in training of new employees
Back up other employees

REQUIRED QUALIFICATIONS
Bachelor’s Degree (Math/Statistics, Economics, Finance, or related degree preferred)
Advanced Microsoft Office skillset, including Excel and PowerPoint
Credit or Related Finance Experience - 2 years or more
Experience preparing analyses for and communicating with Senior Management

PREFERRED QUALIFICATIONS
MBA a plus
SAS a plus
Cognos a plus
Ability to create queries
Experience with quantitative modeling techniques and/or macroeconomic forecasting a plus
Database and Loan system knowledge (including CL3, Loan IQ, Hogan, ALS)
Knowledge of KART, General Ledger and KEIS


ABOUT KEY:
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.

ABOUT THE BUSINESS:
KeyBank has administrative services in place that help support the business. These include: Finance, Human Resources, Legal, and Marketing. KeyBank’s Corporate Center supports strategic initiatives through multiple teams which provide distinctly different, yet interrelated, disciplines for the Corporate Bank Leadership team and its business groups.

FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Requirements

 
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CECL Quantitative/Modeling Analyst Apply now