Loss Forecasting (Sr Manager)

Job Description:

• Loss Forecasting & Modeling: Develop maintain and execute statistical models (vintage analysis roll rates logistical regression) to forecast credit losses delinquencies and recoveries for mortgage products using SAS.

• US GAAP Accounting & Compliance: Ensure all loss forecasting and provisioning methodologies comply with ASC 326 (CECL) or relevant US GAAP standards.

• Loss Recognition & Provisioning: Perform monthly/quarterly loss recognition calculations including allowance for loan and lease losses (ALLL) and purchased credit deteriorated (PCD) asset reporting.

• Data Analysis & Validation: Extract manipulate and analyze large mortgage datasets using SAS to identify trends in delinquency prepayment and default.

• Variance Analysis: Compare actual loss performance against forecasted figures providing detailed insights into drivers of variance to senior management.

• Stakeholder Collaboration: Partner with Risk Finance Treasury and Model Risk Management teams to support stress testing (CCAR) and financial planning.

• Documentation & Governance: Maintain comprehensive documentation for models assumptions and processes to support internal and external audits.

Employment Type : Full Time
Experience: years
Vacancy: 1