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Credit Risk Business Manager

Description

For nearly a century, Amalgamated Bank has been the most trusted financial institution for progressive people and organizations. By helping those who do good to do better, we work to help make the world more just, compassionate and sustainable. Our extensive experience, financial resources and community of like-minded customers offers labor unions, philanthropies, political campaigns, socially and environmentally responsible corporations, as well as individuals, a unique set of financial services enabling them to lead the charge to improve our communities and our country.


Amalgamated Bank is a Certified B Corporation and member of the Global Alliance for Banking on Values.


Amalgamated Bank seeks a full-time Credit Risk Business Manager to own the Allowance for Loan and Lease Losses (ALLL) estimation process, manage credit models, and deliver the Board of Directors’ Credit Policy Committee Report.


Essential Job Functions:

  1. Own calculation of ALLL including process, spreadsheets, systems, and algorithms
  2. Author quarterly ALLL Memos, and manage all process documentation and calculation support
  3. Keep current on industry, FASB, and Regulatory developments, including CECL
  4. Develop ALLL methodology and update as needed, with guidance from management
  5. Enhance the efficiency of the ALLL
  6. Produce the quarterly Board of Directors’ Credit Policy Committee Report, including all analytics, commentary, and coordination
  7. Coordinate with Finance and deliver Credit/ALLL components of quarterly public filings
  8. Manage and run credit stress testing models
  9. Manage and support internal/external auditors and regulatory exam responses
  10. Support the development of data management practices, MIS, ad-hoc analyses, and research

Knowledge, Skills and Experience Requirements:

  1. Bachelor’s degree in a related discipline (e.g. economics, finance, business, math, science) or equivalent experience
  2. 7+ years of banking experience
  3. Strong analytical and reconciliation skills, with attention to detail and accuracy
  4. Ability to solve ambiguous problems
  5. Advanced Excel, Access/SQL, and working knowledge of Databases, BI, and visualization
  6. Strong PowerPoint skills, including attention to visual detail, presentation, and message
  7. Excellent verbal and written communication and interpersonal skills
  8. Desire to learn credit, regulatory guidance, and accounting rules
  9. Proven ability to multi-task, prioritize and work under deadlines

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans

AmeriCorps, Peace Corps and other national service alumni are encouraged to apply

View our Pay Transparency Statement.

Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

Requirements

 

Job Snapshot

Location US-NY-New York
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Finance
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Company Overview

Amalgamated Bank

Our mission is to be the preeminent bank of progressive people, organizations, businesses and labor. We will deliver uncompromising customer attention, provide accessibility to all people and serve as an advocate for workers and the people and organizations that support them. Learn More

Contact Information

US-NY-New York
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Snapshot
Amalgamated Bank
Company:
US-NY-New York
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Finance
Store Type:

Description

For nearly a century, Amalgamated Bank has been the most trusted financial institution for progressive people and organizations. By helping those who do good to do better, we work to help make the world more just, compassionate and sustainable. Our extensive experience, financial resources and community of like-minded customers offers labor unions, philanthropies, political campaigns, socially and environmentally responsible corporations, as well as individuals, a unique set of financial services enabling them to lead the charge to improve our communities and our country.


Amalgamated Bank is a Certified B Corporation and member of the Global Alliance for Banking on Values.


Amalgamated Bank seeks a full-time Credit Risk Business Manager to own the Allowance for Loan and Lease Losses (ALLL) estimation process, manage credit models, and deliver the Board of Directors’ Credit Policy Committee Report.


Essential Job Functions:

  1. Own calculation of ALLL including process, spreadsheets, systems, and algorithms
  2. Author quarterly ALLL Memos, and manage all process documentation and calculation support
  3. Keep current on industry, FASB, and Regulatory developments, including CECL
  4. Develop ALLL methodology and update as needed, with guidance from management
  5. Enhance the efficiency of the ALLL
  6. Produce the quarterly Board of Directors’ Credit Policy Committee Report, including all analytics, commentary, and coordination
  7. Coordinate with Finance and deliver Credit/ALLL components of quarterly public filings
  8. Manage and run credit stress testing models
  9. Manage and support internal/external auditors and regulatory exam responses
  10. Support the development of data management practices, MIS, ad-hoc analyses, and research

Knowledge, Skills and Experience Requirements:

  1. Bachelor’s degree in a related discipline (e.g. economics, finance, business, math, science) or equivalent experience
  2. 7+ years of banking experience
  3. Strong analytical and reconciliation skills, with attention to detail and accuracy
  4. Ability to solve ambiguous problems
  5. Advanced Excel, Access/SQL, and working knowledge of Databases, BI, and visualization
  6. Strong PowerPoint skills, including attention to visual detail, presentation, and message
  7. Excellent verbal and written communication and interpersonal skills
  8. Desire to learn credit, regulatory guidance, and accounting rules
  9. Proven ability to multi-task, prioritize and work under deadlines

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans

AmeriCorps, Peace Corps and other national service alumni are encouraged to apply

View our Pay Transparency Statement.

Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

Requirements

 
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Credit Risk Business Manager Apply now