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Risk Credit Analytics Administrator - Allowance for Credit Losses

Regions Bank

Regions Bank

Data Science
Posted on Thursday, June 27, 2024

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.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description:

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. 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 Financial Risk 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 Financial Risk unit including ACL Memo and Audit Committee Summary documents, as well as other communications under the direction of the Head of Financial Risk
  • Performs complex analyses across the Financial Risk 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 Financial Risk 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

  • Bachelor’s degree in Accounting, Finance, Risk Management, Statistics, or related field and seven (7) years of related experience
  • Or Master’s degree in Accounting, Finance, Risk Management, Statistics, or related field and five (5) 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
  • Coordinate the overall ACL governance process to provide Management with the data and information necessary to finalize the quarterly ACL and related Provision
  • Prepare quarterly communication to the Audit Committee including ACL Memo and ACL Summary presentation
  • Perform analysis and manage the process to determine the appropriateness of model results and recommend model adjustments/overlays
  • Initiate and implement enhancements to the ACL methodology, analytics, and processes
  • Initiate and lead the development of enhanced quality controls and work across the organization to implement any necessary changes
  • Present results and recommendations to executive management on a regular basis
  • Manage the Specific Reserve process for the ACL Team and coordinate with the Problem Asset Management department to insure timely and accurate information
  • Manage the process to provide all necessary information used in financial disclosures related to the ACL and confirm the accuracy and clarity of the proposed financial disclosures
  • Coordinate all reviews with Internal and External Audit in support of the ACL
  • Develop relationships across the organization and with other teams within Risk

Position Type

Full time

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:

Median:

Incentive Pay Plans:

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

  • Paid Vacation/Sick Time
  • 401K with Company Match
  • Medical, Dental and Vision Benefits
  • Disability Benefits
  • Health Savings Account
  • Flexible Spending Account
  • Life Insurance
  • Parental Leave
  • Employee Assistance Program
  • Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.


https://www.regions.com/welcometour/benefits.rf

Location Details

Regions Center

Location:

Birmingham, Alabama

Bring Your Whole Self to Work

We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and 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 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.