Risk Credit Analytics Administrator - Allowance for Credit Losses
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
At Regions, the Risk Credit Analytics Administrator manages risk processes including the overall Allowance for Credit Losses (ACL) process, performing risk-based analysis in support of the risk management processes including the ACL, and making recommendations to senior leaders and executive management. This position plays a key role in major projects within the Risk Management group, including the conversion to Current Expected Credit Loss (CECL), which is the new accounting standard for the ACL. This position may also assist other senior leaders within the Risk Management organization in pursuit of strategic projects including the Financial Risk Executive. This position is considered a subject matter expert and is part of the Shared Risk Services and Analytics (SRSA) business unit within the Risk Management Group.
Primary Responsibilities
Manages the process to provide management with the data and information necessary to make critical business decisions including finalizing the ACL and related provisions
Prepares or assists in the preparation/review of the quarterly communications within and from the SRSA unit including ACL Memo and Audit Committee Summary documents, as well as other communications under the direction of the Head of SRSA
Performs complex analyses across the SRSA group which may include, but is not limited to, determining the recommended parameters and allocation rates used in the ACL
Initiates and implements enhancements to SRSA methodologies and processes as appropriate, including the ACL methodology, analytics, and processes
Leads the development of enhanced quality controls and works across the organization to implement any necessary changes
May coordinate with the Problem Asset Management department to insure timely and accurate information
May provide all necessary information used in financial disclosures related to the ACL and confirms the accuracy and clarity of the proposed financial disclosures
May manage quarterly electronic archive of the ACL, documenting necessary supporting work papers, validations, and approvals
May assist in the coordination of all reviews with Internal and External Audit including but not limited in support of the ACL
Develops relationships across the organization and with other teams within Risk Management
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
Bachelors degree in Accounting, Finance, Risk Management, Statistics, or related field and six (6) years of related experience
Or Masters degree in Accounting, Finance, Risk Management, Statistics, or related field and four (4) years of related experience
Preferences
Experience in audit
Experience working with substantial datasets
Experience with quantitative modeling
Knowledge of Statistical Analysis Systems (SAS)
Skills and Competencies
Ability to learn additional systems as needed
Ability to research, analyze data, and derive facts
Ability to work under pressure and meet deadlines
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, Access, etc.)
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation
Experience in Accounting or Audit preferred
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$109,001.60 USD
50th Percentile:
$150,170.00 USD
Incentive Pay Plans:
Location:
Birmingham, Alabama
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Apply Now
At Regions, the Risk Credit Analytics Administrator manages risk processes including the overall Allowance for Credit Losses (ACL) process, performing risk-based analysis in support of the risk management processes including the ACL, and making recommendations to senior leaders and executive management. This position plays a key role in major projects within the Risk Management group, including the conversion to Current Expected Credit Loss (CECL), which is the new accounting standard for the ACL. This position may also assist other senior leaders within the Risk Management organization in pursuit of strategic projects including the Financial Risk Executive. This position is considered a subject matter expert and is part of the Shared Risk Services and Analytics (SRSA) business unit within the Risk Management Group.
Primary Responsibilities
Manages the process to provide management with the data and information necessary to make critical business decisions including finalizing the ACL and related provisions
Prepares or assists in the preparation/review of the quarterly communications within and from the SRSA unit including ACL Memo and Audit Committee Summary documents, as well as other communications under the direction of the Head of SRSA
Performs complex analyses across the SRSA group which may include, but is not limited to, determining the recommended parameters and allocation rates used in the ACL
Initiates and implements enhancements to SRSA methodologies and processes as appropriate, including the ACL methodology, analytics, and processes
Leads the development of enhanced quality controls and works across the organization to implement any necessary changes
May coordinate with the Problem Asset Management department to insure timely and accurate information
May provide all necessary information used in financial disclosures related to the ACL and confirms the accuracy and clarity of the proposed financial disclosures
May manage quarterly electronic archive of the ACL, documenting necessary supporting work papers, validations, and approvals
May assist in the coordination of all reviews with Internal and External Audit including but not limited in support of the ACL
Develops relationships across the organization and with other teams within Risk Management
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
Bachelors degree in Accounting, Finance, Risk Management, Statistics, or related field and six (6) years of related experience
Or Masters degree in Accounting, Finance, Risk Management, Statistics, or related field and four (4) years of related experience
Preferences
Experience in audit
Experience working with substantial datasets
Experience with quantitative modeling
Knowledge of Statistical Analysis Systems (SAS)
Skills and Competencies
Ability to learn additional systems as needed
Ability to research, analyze data, and derive facts
Ability to work under pressure and meet deadlines
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, Access, etc.)
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation
Experience in Accounting or Audit preferred
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$109,001.60 USD
50th Percentile:
$150,170.00 USD
Incentive Pay Plans:
Location:
Birmingham, Alabama
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Apply Now