UMB Bank Fin/Model Sr ACL Analyst in Kansas City, Missouri
What You'll Do:
The Allowance for Credit Loss (ACL) Senior Model Analyst will be responsible for assisting in the development, implementation, preparation, documentation and reporting of all ACL modeling components relating to the Current Expected Credit Loss (CECL) accounting standard including quarterly ACL external reporting, monthly executive reporting, statistical development of forecasting modeling approaches and assumptions, and overall ACL on-going maintenance at UMB Financial Corporation. This position reports to the Manager, Allowance for Credit Loss Models.
Assist with modeling techniques for the Commercial, Commercial Real Estate, Consumer, Credit Card Portfolio, and all other components of the loan portfolio.
Evaluate model risks and reaches conclusions on strengths and limitations of the model.
Communicate and help provide documentation with external and internal parties including external and internal audit, regulators, model risk management, and ad hoc reporting requests from various lines of business within the Bank
Assist with the preparation of the ACL model methodology and support for statistical methods and assumptions
Opportunity to learn a new process from the implementation stage and become a model owner
Ensure the bank is in compliance in accordance to ASC 326 or ASU 2016-13 - Financial Instruments - Credit Losses.
Other duties as assigned.
In this Role, You will Need:
Strong proficiency in Microsoft Excel and Microsoft Access
Demonstrates excellent technical writing skills to produce effective reports
Demonstrates excellent verbal communication skills to interact effectively with various stakeholders and regulators
Demonstrates ability to work independently and under pressure
Demonstrates good interpersonal skills
Demonstrates understanding & ability in working with internal clients in a service-oriented and value-add style
Demonstrates project management abilities
Demonstrates ability to work in a fast-paced and challenging environment with a desire to learn and the ability to adapt
Demonstrates basic knowledge & understanding of financial theory and risk related models such as credit risk, market risk, operational risk, asset & liability management, PD/LGD/EAD estimation, and economic capital calculation
Culture of Diversity and Inclusion: We are committed to building a strong UMB by hiring talented, high-performing associates with diverse backgrounds. Maybe you simply want to work at a company where you have a voice and an opportunity to share your unique ideas.
Please visit us at careers.umb.com to view a list of all available opportunities. UMB is an Equal Opportunity Employer. Principals only. No 3rd parties or agencies, please.
Who You Are:
Bachelor's degree in Statistics/Applied Mathematics, Economics or an equivalent combination of education and experience.
2 years experience in risk management processes, model development/ validation, consulting, banking or other financial services industries
We strive to deliver the unparalleled customer experience, and show customers they can count on more from UMB. The same is true for our associates. You can count on more benefits, more training, more support, and more opportunity!
What you'll get:
Unique Benefit Programs : We offer a great benefits package including several unique programs like an incentive-based wellness program, parental leave, adoption assistance and health care for you, your spouse or domestic partner, your dependents and even your pets!!
Bank Regulatory (OCC, Federal Reserve, FDIC), Public Accounting/Consulting, and/or Internal Audit experience in the Banking/Financial Services industry
Graduate degree in a quantitative field
Community Involvement: Giving back is a big part of who we are! We support several great causes throughout the UMB footprint. We even offer Volunteer Time Off, which allows associates to dedicate 16 hours a year to a worthy cause of their choice.
Professional Development: We provide our associates with the tools they need to support their career goals - including training, tuition reimbursement and career guidance.
Chief Financial Officer
ACL Senior Model Analyst
1010 Grand Blvd