Title: AVP Credit Risk Governance, Portfolio Reporting & Allowance for Credit Losses
Office Status: Hybrid New York, NY
Base Salary: Up to $150k + Bonus
ABOUT THE ROLE This AVP opportunity sits within the Credit Risk Management Governance team of a well-established global financial institution, offering a broad mandate across allowance for credit losses (CECL), credit portfolio monitoring, management and regulatory reporting, and credit risk governance. The role combines leadership of the credit loss estimation process with ongoing monitoring of the Bank s credit risk profile and the preparation of reporting for senior management, risk committees, the Board, and Head Office. It also includes regulatory and audit liaison and risk committee secretary responsibilities. It s an ideal fit for a credit risk professional with 4+ years of experience who combines strong accounting and CECL knowledge with analytical rigor, policy and reporting skills, and the ability to work across Credit, Finance, Accounting, Model, and Data teams.
RESPONSIBILITIES- Lead the estimation process for the allowance for credit losses, ensuring accuracy and adherence to accounting standards (CECL, IFRS 9);collaborate with the model and data teams to refine methodologies and improve predictive analytics
- Prepare and review internal reports and presentations on credit losses for senior management and regulatory bodies;work closely with credit officers, Finance, and Accounting to align on credit loss estimation processes and assumptions
- Establish and maintain policies and procedures for credit loss estimation and reporting;ensure compliance with regulatory requirements and internal controls related to the ACL
- Monitor the Bank s credit risk profile, including asset quality, portfolio composition changes, concentration, rating migration, and loan provision changes;work with the CRM team to ensure correct calculation and reporting of credit risk metrics
- Monitor and report on adherence to or breaches of risk metrics;maintain liaison with Head Office and channel loans requiring Head Office approval
- Prepare monthly credit risk reporting for the Credit Risk Committee and the Risk Management and Internal Control Committee, and quarterly reporting for the Board, including Key Risk Indicators, exposure, credit ratings, concentration, and exception management
- Provide periodic reporting to Head Office, including asset quality, credit risk, credit counterparty risk, and major event reports
- Enhance existing credit policies and procedures in line with industry practice, regulatory guidance, and Head Office direction
- Support communication with regulators and auditors on credit-related issues;coordinate internal and external audit and regulatory examinations, respond to requests, propose remediation action plans, and track remediation progress
- Serve as secretary to the risk committees: propose agendas, compile meeting materials, and prepare minutes