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Vice President - Financial Modeling

Company: State Employees' Credit Union
Location: Raleigh
Posted on: August 6, 2022

Job Description:

If you are motivated and believe in the credit union philosophy of "People Helping People," join our team!PURPOSE:This position is responsible for coordinating SECU's financial modeling activities. The position is managing the group responsible for the capital analytics, stress testing, and credit loss modeling of the credit union.DIMENSIONS:This is a supervisory position involving the review and management of the Financial Modeling area. This position will be responsible for guiding the development and implementation of behavior models used in the capital planning and stress testing process. -This is a management position which focuses on the supervisory responsibilities of directing a staff and interacting with senior level management.DUTIES:Responsible for overseeing the methodology and development of sophisticated consumer credit loss forecasting models and capital sensitivity analysis related to the capital stress testing and allowance for credit loss process.Establish model requirements for credit loss and operational risk models, including position and performance data, macroeconomic variables, methodological approaches, granularity of the results, operation boundaries, performance measures, and UAT criteria and proceduresOversee the development, implementation, and monthly production processes. Work closely with members of ERM to ensure models comply with the Credit Union's model risk management program and are validated, as necessary.Collaborate with business units in order to better understanding data segmentation, model development & validation, macroeconomic scenario development & performance, and credit loss forecasting techniques.Assist the integration of capital stress testing and loan loss forecasting models into the credit union asset/liability and income forecasting balance sheet models.Guide the development of other behavioral models to incorporate into the credit union's modeling of uncertain cash flows such as mortgage prepayments, credit card assets, indeterminate maturity deposits, as well as analytics to support product pricing, new volume forecasts, marketing efforts, and some operational risk analysis.Provide clear and insightful analytic modeling results, feedback and interpretation by way of written analysis and/or oral reports to various involved business units. - Lead departmental projects and prepares formal written analyses for Senior Management and the Board of Directors.Remain abreast of regulatory developments in capital stress testing and allowance for loan loss modeling and best practices within the industry through publications, membership in professional organizations and contact with other financial institutions.Assist with maintaining company's compliance with all applicable federal, state and local laws, regulations and ordinances by abiding by the company's compliance program and all policies, procedures, rules and regulations.Complete other duties as assigned.REQUIREMENTS:This position requires a four year degree in Finance, Mathematics Economics, or other related field of study from an appropriately accredited institution. - Candidates with advanced degrees in a quantitative field of study will be given preference.Five or more years' experience in financial services industry in risk management or finance; a thorough knowledge of financial products and their risk characteristics is preferred. Candidates with experience in a quantitative / technical role will be given preference.Good understanding of the regulatory Dodd-Frank capital stress testing and/or the Federal Reserve's CCAR testing process and relevant generally accepted accounting principles (GAAP) guidance. - An understanding of the NCUA capital planning and stress testing regulations is preferred.Understanding of financial markets, interest rates and potential impact of current economic activities and political events.Proficient with statistical software programming and database design and Structured Query Language (SQL) skills are required.Ability to manage multiple projects simultaneously and implement rapid changes in project direction.Ability to condense highly technical subject matter into clear and effective communications to senior management.Excellent interpersonal, oral and written communication and organizational skills required.Supervisory experience preferred.Experience in interaction with regulators is a plus.Must be able to speak English fluently.Must be able to cooperate and collaborate with co-workers.Must be cordial in all interactions with members and co-workers.Must adhere to the work schedule and attendance policy established by manager.JOB ENVIRONMENT:Office setting with physical proximity to other employees.Some background noise from other employees, copy machine, and telephone.PHYSICAL DEMANDS:Must be able to comprehend and carry out verbal and written instructions.Job requires a substantial amount of sitting.Use hands and fingers to press keys on a computer keyboard to enter or retrieve information.Use hands and fingers to press telephone key pad and lift telephone receiver.Must be able to comprehend phone calls.Must be able to lift 5 pounds.SECU provides equal employment opportunity to all qualified persons regardless of race, color, religion, age, sex, sexual orientation, gender identity, national origin, genetic information, disability, veteran status, or other classification protected by law.DisclaimerState Employees' Credit Union reserves the right to fill this role at a higher/lower level based on business need.

Keywords: State Employees' Credit Union, Raleigh , Vice President - Financial Modeling, Accounting, Auditing , Raleigh, North Carolina

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