Executive Director, Credit Forecasting and Risk Analytics (Remote)

Job description

Join our mission to create a completely new, 100% digital bank that uses consumer feedback to truly meet customers’ best interests.

Jenius Bank, a division of SMBC MANUBANK, and a member of SMBC Group, is being built by a close-knit and fun-loving team of financial services professionals and technology experts who came together for the challenge of building a full-service digital bank from scratch.

We’re committed to doing it the right way for the customer and are growing rapidly.

To learn more about our relationship to our parent company, visit our website.

The anticipated salary range for this role is between $223,000.00 and $255,000.00.

The specific salary offered to an applicant will be based on their individual qualification, experiences, and analysis of current compensation paid in their geography and the market for similar roles at time of hire.

The role may also be eligible for an annual discretionary incentive award.

In addition to cash compensation, SMBC MANUBANK offers a competitive portfolio of benefits to its employees.
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Jenius Bank is strategically scaling up a portfolio of products and building extraordinary experiences.

In 2023, we launched our first two products reaching $1 billion in deposits and over $700 million in loans, all before Jenius Bank’s first anniversary.

We don’t plan to slow down, with ambitious growth plans and the capital necessary to execute a multi-year strategic plan.

We have a start-up mindset paired with SMBC Group’s 400 years of history.

SMBC Group has more than 150 offices and 86,000 employees worldwide in nearly 40 countries and is committed to creating new business to better serve customers in the rapidly evolving digital environment.

Join us on the journey that has caught the attention of the Banking Dive, and more to reinvent banking where smarter banking translates to a richer life.

**SUMMARY:**

The Financial and Quantitative Risk team at SMBC MANUBANK’s is responsible for providing 2nd line oversight over financial risks including credit risk, market risk, liquidity risk and model risk.

The team is also responsible for CECL allowance process as well as stress testing and getting the bank ready for CCAR.

The Quantitative Analytics and Model Oversight leader will be responsible for managing and leading end-to-end CECL allowance process and other credit forecasting activities including budgeting, stress testing and CCAR.

She/he will also be responsible for providing model oversight and model analytics for all SMBC MANUBANK suite of models working closely with the risk modeling and model validation teams at both SMBC MANUBANK and parent SMBC.

The incumbent will lead a small team and will be reporting to the Managing Director, Head of Financial and Quantitative Risk.

The position requires a quantitative and highly analytical minded, data-skilled, hands-on, experienced, self-motivated, curious individual who enjoys looking at the multi-dimensional effects of change – how independent changes can have unexpected impacts on other parts of the bank – and how to build risk controls to identify and mitigate those risks.

The position also requires strong training in credit and experience with credit forecasting processes including CECL allowance, provision forecasting and stress testing.

As SMBC MANUBANK is a subsidiary of a global, systemically-important financial institution – SMBC – the position has direct interaction and influence over corporate policy, frameworks, and exposure management – representing MANUBANK’s positions in these corporate-wide endeavors.

**PRINCIPAL DUTIES AND RESPONSIBILITIES:**

+ Be responsible for the end-to-end quarterly CECL allowance process and loss provision forecast for the bank, including communication to SMBC executives, bank Board of Directors (Committees), and leadership globally.
+ Design and conduct stress testing and scenario analysis to assess the impact of adverse economic conditions on the various financial aspects of the bank – influencing larger global initiatives given the nuances specific to a regional-commercial and national-consumer bank.
+ Implement CCAR for MANUBANK in close partnership with key stakeholders from SMBC Americas
+ Partner with risk modeling and model validation teams to provide oversight over all models at MANUBANK, thereby ensuring models are aligned with corporate policies, are fit for use, adequately monitored and findings are closed on time.
+ Maintain an expert-level knowledge of the financial and regulatory landscapes – local, national, and global influences over drivers that can impact the bank – making adjustments as necessary.
+ Work collaboratively with all members of 1st and 3rd lines of defense, as well as Non-Financial risk specialists within the 2nd line of defense
+ Represent MANUBANK’s interests and act openly and cooperatively with key regional and global stakeholders, all levels of governance, and internal auditors and regulators.
+ Lead and mentor a small team of analysts - maintaining ongoing support of the Bank’s risk culture throughout all management routines.
+ Support MANUBANK’s culture of Risk Management and Compliance as well as the SMBC/MANUBANK Code of Conduct, promptly recognizing and addressing problems, and holds colleagues accountable for maintaining the highest degree of integrity.

**POSITION SPECIFICATIONS:**

+ Bachelor's Degree in Finance, Economics, Business Administration, Scientific, Data Science or equivalent quantitatively-based field
+ Advanced degree or professional certification is preferred
+ CFA or FRM certification a plus
+ 12+ years of experience, including substantial experience in credit risk management and credit forecasting activities and overall bank financial management – with a significant period of that responsible for the loan loss provision and allowances including CECL reserving.
+ Experience managing the loss provision through economic stress and a rapid growth environment.

Have a strong view on the macroeconomic environment and how it could potentially impacts the banks provisions.

CCAR experience is a plus
+ Strong communication skills with an interpersonal style which enables the executive to effectively interface with senior management including the CEO, Board of Directors, parent representatives, peers, auditors, and regulators.
+ Proficiency and exposure to risk modeling and data analysis – including credit risk models and forecasting models.

While the role itself will not be building models it will require sufficient exposure to risk modeling to ensure models are fit for purpose with adequate outcomes.
+ Exceptional communication and presentation skills - communicates in an open, candid, clear and consistent manner.

Can listen effectively and probes for new ideas.
+ High attention to detail with strong organizational skills.
+ Proven ability to recruit, build and develop a team with creative and high-caliber talent - with the appropriate type/level of knowledge, skills, experience and positive work habits to drive success.
+ A hands-on professional manager, who has an approachable, personable style but who also has high energy and drive.

The person’s integrity will be unquestioned and will also be an important ingredient in their composition.
+ Strong and diverse knowledge across commercial and retail banking lending products, with an advanced knowledge of scoring, machine learning and other risk dynamics

**EOE STATEMENT**
SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law.

If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.

**CCPA DISCLOSURE**
Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used.

We do not sell PI.

More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure .

Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.
EOE, including Disability/veterans

Required Skill Profession

Other General