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Credit Allowance Financial and Regulatory Reporting Director

Company: US Bank
Location: Saint Paul
Posted on: January 10, 2022

Job Description:

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we're one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.Job DescriptionThe Allowance for Credit Losses Controller ("ACL Controller") is a senior leader to the Credit Risk platform supporting the policy, consolidation, executive reporting, documentation and disclosures for all elements of the Allowance for Credit Losses in compliance with the Current Expected Credit Loss (CECL) accounting guidance. The ACL Financial and Regulatory Director supports the review and refinement of all Executive, Oversight, and Business Line communications related to credit reserve calculations and allocations to ensure information is consistent, timely, and concise. The position ensures coordination of activities and analysis of two analytical teams within the Credit Allowance Team to support and present reserve recommendations to executive management.The position will have a small team of direct reports.Responsibilities:Consistent with the consolidation and coordination of the total Allowance for Credit Losses, this individual is responsible for leading the team to:- - -Develop, document and communicate a governance calendar -- - -Document and evaluate peer and benchmark metrics -- - -Manage credit policies associated with the allowance governance -- - -Manage allowance methodology documents including the Reasonable and Supportable Framework and the Qualitative Reserve methodology- - -Develop executive committee presentations for key governance and communication of allowance risk coverage, methodology and estimates throughout the quarter- - -Finalize estimate, governance minutes and documentation for external reviewers including attribution analysis -- - -Coordinate quarterly general ledger journal entries and accounting allocations- - -Coordinate and consolidate forecasts including CCAR consolidation, Challenge and Submission- - -Working with Finance, review and document financial and regulatory disclosures- - -Coordinate provision expense estimates for strategic plans and capex proposals- - -Working with Regulatory Relations, manage exams (regulatory and audit) and monitor findings remediation as applicableBasic Qualifications- -Bachelor's degree in relevant field (Finance, Accounting, Economics, or Statistics) -- 15 or more years of experience in an applicable risk management environment- - -Creative problem solver with the ability to develop processes and systems using conceptualizing, reasoning, and interpretation skills. Solutions require a thorough understanding of issues affecting credit performance and credit model limitations- - -Strong communication, organization, and presentation skills, including PowerPoint- - -Analytical Abilities / Financial Acumen - Systematic application of a combination of inductive and deductive reasoning to examine information, interpret results, and arrive at well-founded logical conclusions- - -Advanced Microsoft Program Usage (Microsoft Excel, Microsoft Word, Microsoft PowerPoint)- - -Significant experience in credit analysis, accounting, and/or financial reporting and projectionsPreferred Skills/Experience- -Certified Public Accountant with history of effective process design, strong control execution and transparent and effective documentation / communication -- -Working knowledge of data querying languages and analytical software, such as SAS or SQL- -Solid understanding of statistical concepts. -- Strong leadership and management skills of processes, projects and people- Excellent written and verbal communication skills- Strong analytical, problem-solving and negotiation skills- Proficient computer skills, especially Microsoft Office applicationsIf there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our -disability accommodations for applicants. Benefits:Take care of yourself and your family with U.S. Bank employee benefits. -We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. -That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting is the LawApplicants can learn more about the company's status as an equal opportunity employer by viewing the federal EEO is the Law poster.E-VerifyU.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the -E-Verify program.Salary range reflected is an estimate of base pay and is for the primary location. Base pay range may vary if an offer is made for work in a different location. Pay Range: $135,490.00 - $159,400.00 - $175,340.00Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully-vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.SummaryLocation: Saint Paul, MN; Charlotte, NC; Remote, United StatesType: Full time

Keywords: US Bank, St. Paul , Credit Allowance Financial and Regulatory Reporting Director, Executive , Saint Paul, Minnesota

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