Executive Director, Quantitative Analytics and Model Oversight Leader (Remote)

SUMMARY:

The Financial and Quantitative Risk team at SMBC MANUBANK’s is responsible for providing 2nd line oversight over financial risks including credit risk, market risk, liquidity risk and model risk. The team is also responsible for CECL allowance process as well as stress testing and getting the bank ready for CCAR. The Quantitative Analytics and Model Oversight leader will be responsible for managing and leading end-to-end CECL allowance process and other credit forecasting activities including budgeting, stress testing and CCAR.  She/he will also be responsible for providing model oversight and model analytics for all SMBC MANUBANK suite of models working closely with the risk modeling and model validation teams at both SMBC MANUBANK and parent SMBC. The incumbent will lead a small team and will be reporting to the Managing Director, Head of Financial and Quantitative Risk.

The position requires a quantitative and highly analytical minded, data-skilled, hands-on, experienced, self-motivated, curious individual who enjoys looking at the multi-dimensional effects of change – how independent changes can have unexpected impacts on other parts of the bank – and how to build risk controls to identify and mitigate those risks.  The position also requires strong training in credit and experience with credit forecasting processes including CECL allowance, provision forecasting and stress testing.  

As SMBC MANUBANK is a subsidiary of a global, systemically-important financial institution – SMBC – the position has direct interaction and influence over corporate policy, frameworks, and exposure management – representing MANUBANK’s positions in these corporate-wide endeavors.

PRINCIPAL DUTIES AND RESPONSIBILITIES:

• • Be responsible for the end-to-end quarterly CECL allowance process and loss provision forecast for the bank, including communication to SMBC executives, bank Board of Directors (Committees), and leadership globally.
  • Design and conduct stress testing and scenario analysis to assess the impact of adverse economic conditions on the various financial aspects of the bank – influencing larger global initiatives given the nuances specific to a regional-commercial and national-consumer bank.
  • Implement CCAR for MANUBANK in close partnership with key stakeholders from SMBC Americas
  • Partner with risk modeling and model validation teams to provide oversight over all models at MANUBANK, thereby ensuring models are aligned with corporate policies, are fit for use, adequately monitored and findings are closed on time.
  • Maintain an expert-level knowledge of the financial and regulatory landscapes – local, national, and global influences over drivers that can impact the bank – making adjustments as necessary.
  • Work collaboratively with all members of 1st and 3rd lines of defense, as well as Non-Financial risk specialists within the 2nd line of defense
  • Represent MANUBANK’s interests and act openly and cooperatively with key regional and global stakeholders, all levels of governance, and internal auditors and regulators.
  • Lead and mentor a small team of analysts - maintaining ongoing support of the Bank’s risk culture throughout all management routines.
  • Support MANUBANK’s culture of Risk Management and Compliance as well as the SMBC/MANUBANK Code of Conduct, promptly recognizing and addressing problems, and holds colleagues accountable for maintaining the highest degree of integrity.

POSITION SPECIFICATIONS:

• • Bachelor's Degree in Finance, Economics, Business Administration, Scientific, Data Science or equivalent quantitatively-based field
  • Advanced degree or professional certification is preferred
  • CFA or FRM certification a plus
  • 12+ years of experience, including substantial experience in credit risk management and credit forecasting activities and overall bank financial management – with a significant period of that responsible for the loan loss provision and allowances including CECL reserving.
  • Experience managing the loss provision through economic stress and a rapid growth environment. Have a strong view on the macroeconomic environment and how it could potentially impacts the banks provisions. CCAR experience is a plus
  • Strong communication skills with an interpersonal style which enables the executive to effectively interface with senior management including the CEO, Board of Directors, parent representatives, peers, auditors, and regulators.
  • Proficiency and exposure to risk modeling and data analysis – including credit risk models and forecasting models.  While the role itself will not be building models it will require sufficient exposure to risk modeling to ensure models are fit for purpose with adequate outcomes.
  • Exceptional communication and presentation skills - communicates in an open, candid, clear and consistent manner.  Can listen effectively and probes for new ideas.
  • High attention to detail with strong organizational skills.
  • Proven ability to recruit, build and develop a team with creative and high-caliber talent - with the appropriate type/level of knowledge, skills, experience and positive work habits to drive success.
  • A hands-on professional manager, who has an approachable, personable style but who also has high energy and drive. The person’s integrity will be unquestioned and will also be an important ingredient in their composition.
  • Strong and diverse knowledge across commercial and retail banking lending products, with an advanced knowledge of scoring, machine learning and other risk dynamics