Allowance for Credit Loss Manager at Fifth Third Bank

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GENERAL FUNCTION:

The Allowance for Credit Loss Manager will direct all activities related to the allowance for loan loss process and methodology while ensuring industry best practices are utilized. This role will work directly with the Controller, CFO and CRO in determining the appropriate reserve level for the Bancorp. Critical decisions that directly impact the bottom line will be recommended and fully documented and supported by this key leader. This role will provide leadership to process improvement efforts and play a key management role in the oversight, testing and validation of the allowance estimation process, helping to integrate all of the inputs to the process together to deliver accurate and well-understood estimates to senior management. This position will be a key contributor to the financial forecasting process that shapes our external guidance and quarterly reported earnings.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Manage all aspects of the existing ALLL methodology and reporting.
• Assume responsibility for the existing ALLL methodology and all related calculations and reports.
• Make well supported recommendations to CRO and CFO regarding the appropriate level of the ALLL.
• Prepare and distribute the quarterly allowance package.
• Make presentations to the Allowance Committee regarding the methodologies and calculation results for each quarter’s ALLL package.
• Supervise analysts dedicated to the allowance methodologies and calculations.
• Provide support to the Risk Management division and other downstream users of credit risk information.
• Manage the integration and consolidation of business line credit loss estimates to ensure the quality, consistency and transparency of the information presented to the Allowance Committee.
• Maintain procedural documents, data and calculation reference material.
• Manage SOX process and control design, re-design and operational testing for ALLL.
• Provide leadership role in collaborating with other business units and support groups for the processes utilized in forecasting of credit loss estimates from both an accounting and operational perspective.
• Improve risk allowance estimation planning and processes. Coordinate with Accounting and lines of business to keep abreast of new developments within the regulatory environment, industry, company and discipline to ensure that the allowance process is comprehensive and current with industry standards.
• Communicate with internal stakeholders: Maintain regular communication with Accounting, the lines of business, Corporate SOX, various data sources, and Risk Management groups to ensure that all appropriate items and issues are addressed, and that important items are suitably documented and presented to senior management.
• Assume additional responsibilities as required to fulfill data enhancement goals.

SUPERVISORY RESPONSIBILITIES:

Providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential by providing challenging opportunities; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Business Administration, Accounting, Finance, or similar undergraduate degree. CPA strongly preferred.
• Minimum of 10 years experience in financial and/or risk areas within a financial services, insurance, or regulatory organization working with credit risk and allowance for loan losses.
• Leadership experience in testing, independent verification and validation of compliance with user and functional requirements within a financial services, insurance, or regulatory organization.
• Knowledge of Microsoft office products with strong Excel and Access skills and systems data experience.
• Experience in the collection and aggregation of risk measures from across a large, diverse, externally-regulated financial institution.
• Strong leadership skills in working in a collaborative environment involving financial and/or risk management
• Demonstrated financial analysis, quantitative, conceptual, risk assessment, and analytic skills.
• Excellent interpersonal skills, including oral and written communication skills.

This position will be posted through August 1st.

Allowance for Credit Loss ManagerTotal Base Pay Range 120,400.00 - 241,300.00 USD AnnualLOCATION -- Virtual, Illinois 00000

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Originally posted on Himalayas