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AVP, Loss Forecasting

Location : Wilmington, DE
Job Type : Direct
Hours : Full Time
Travel : No
Relocation : No

Job Description :

AVP, Loss Forecasting




The Impairment & Capital teams are aligned to each portfolio and are responsible for producing analyses on loss reserves and capital, as well as carrying out forecasting, stress testing and risk appetite activities. Among the main tasks there is also the management of the monthly impairment and RWA calculation and reporting processes, following internal and regulatory policies and frameworks.




Overall purpose of role:


o    Create detailed estimates of credit losses for the US portfolio and provide summarized findings and insight to various levels of stakeholders and management to help drive the business


Responsibilities:


o    Key specific accountabilities


·         Forecast credit losses at regular intervals using a variety of software and business insight


·         Develop analytical tools and methods to expand forecasting base and increase level of accuracy


·         Assist with integrating business planning activities with stress testing exercises (DFAST, PRA, CCAR) as well as future regulatory enhancements (IFRS9)


·         Ensure analytics are accurate and error free while generating the necessary documentation to support audit and review


o    Stakeholder management and leadership


·         Conduct meetings with various levels of stakeholders and management in order to understand changes in the business that will affect future performance


·         Provide variance analysis to senior management that explains movement between forecasts and against actual performance


·         Provide support for audit and regulatory authorities as it relates to understanding business drivers and forecasting methodology


o    Decision making and problem solving


·         Will be working on individual projects that roll into a larger effort across the team and as such must conduct activities and design efforts to coalesce with other actives in the group


·         Will be expected to solve problems using analytical methods that are properly documented and transparent in order to pass the rigor of various levels of governance including independent validation


·         The team handles many ad-hoc requests across the business and so will be expected to properly manage time in order to meet multiple deliverables


 


 


Basic Qualifications: 


·         4 year degree in a quantitative discipline


·         7 years of experience in banking that includes experience working on credit card portfolios specifically within a Risk capacity


·         5 years of experience with Microsoft Excel and Power Point


·         2 + years of experience with SAS




Preferred Qualifications:


·         Master’s degree in a quantitative discipline


·         Extensive experience in credit card banking particularly with competencies in collections, new account underwriting and loss forecasting


·         Experience with loss forecasting software such as Look Ahead or a SAS based equivalent


·         Familiarity with BASEL influenced regulatory measures specific to GAAP and IFRS accounting principles such as  IFRS9, CCAR, DFAST and PRA


 


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Required Qualifications :
 
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