ERM Credit Risk Analyst Sr

Westbury, NY, United States - Compliance & Risk Management - Posted Mar 26, 2018
Requisition Number: 1800007B

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Description

JOB SUMMARY

ERM Credit Risk Analyst, Senior is responsible in assisting the ERM Credit Risk Manager for risk identification, measurement, aggregation, and monitoring of all credit related activities. Responsible for the development and implementation of integrating credit risk management within all areas of the Bank as it relates to new products, existing products and all activities where credit risk is embedded. Maintains an in depth knowledge and expertise of the various credit related objectives and mitigating controls to ensure credit risk is appropriately managed.

 

ESSENTIAL FUNCTIONS

Prepares and presents management reports for the ERM Credit Risk Manager, to anticipate credit exposures that reflect elevated levels of risk. Develops complex *what if* scenarios that go beyond simpler trend analysis assessing variables (utilizing stress test tools and output) that change key risk drivers and their impact to expected losses, earnings and capital. Leverages the data and risk analytics team within ERM to build a credit dashboard that will provide Executive Management and Business Process Owners with a deeper level of analytics to capture emerging risks and their impacts to concentration, earnings, liquidity and capital. Utilizes available tools within the ERM department to produce analyses against regulatory peer data and market level analyses. Produces forward looking analyses utilizing third-party purchased macroeconomic data to project credit trends in NYCB's primary and non-primary lending areas. Develops quarterly reports that provide granular level information as it pertains to our portfolio characteristics for each loan type. Reports include information on changes, trends, and key characteristics that influence the risk of the loans and investments within our balance sheet. Provides enhanced risk management standards to the Business Process Owners as it relates to their policies, procedures and/or processes for managing their credit portfolios. Develops close working relationships with the overall ERM department, credit BPO's and regulatory bodies as they relate to credit risk management. Responsible for ensuring the integration of credit risk management is appropriate and aligned correctly in ERM BPO Surveys, Risk Appetite Statements and Strategic Objectives. Reviews and develops appropriate forward looking and leading key credit risk indicators. Assists with the limit setting and early warning indicators as it relates to credit risk to ensure process captures forward looking and stress testing analyses appropriately. Assists in the preparation of monthly and quarterly credit and counterparty risk reports. Assists in the development of an ERM Credit Risk Operating Policy. Maintains knowledge of regulatory guidance as it pertains to credit related activities for the Bank and ensures Bank policies are aligned accordingly. Continues training through conferences, working groups and affiliation with key risk management associations. Performs special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.

 

EDUCATION AND EXPERIENCE

Bachelor's Degree in Accounting, Finance or Business Administration or related field. Formal credit training required. Minimum of five years of professional level experience in financial services environment. Experience training others to perform job-related tasks. Three-years of experience with spreading financial statements, preferably on Moody's Financial Analyst and/or Moody's RiskAnalyst.

 

KNOWLEDGE, SKILLS AND ABILITIES

Knowledge of basic credit analysis, and experience performing financial projections. Knowledge of basic accounting principles. Knowledge of credit risk databases that provide data and analytical support to senior management team. Good knowledge of Banking, including but not limited to operations, compliance/regulatory and credit. Good knowledge of Moody's Financial Analyst and/or Moody's RiskAnalyst software. Strong analytical skills with the ability to interpret data, innovate and make strategic decisions. Computer literate with advanced proficiency in internet navigation, word processing, spreadsheet and database applications. Good verbal, written and interpersonal communication skills. Ability to prioritize, handle multiple tasks independently and meet deadlines. Ability to liaise with senior executives. Ability to identify deviations from forecast/expectations and explain variances. Ability to identify risk and/or opportunities. Ability to maintain confidentiality with regard to bank information.

 

ABOUT NEW YORK COMMUNITY BANCORP, INC.

New York Community Bancorp, Inc. (NYSE: NYCB) is one of the 25 largest bank holding companies in the nation, with assets of $48.3 billion and a market cap of $6.4 billion at June 30, 2017. With deposits of $28.9 billion and 255 branches in Metro New York, New Jersey, Florida, Arizona, and Ohio, NYCB also rank among the largest depositories in the United States. NYCB operates through two banks with eight local divisions - New York Community Bank a savings bank with 225 branches throughout our five-state franchise; and New York Commercial Bank which has 30 branches. With a longstanding reputation for strength, stability and service, NYCB is proud to be committed to the communities it serves. To learn more about the NYCB Family of Banks visit us at www.mynycb.com

 

BRANCH OUT and help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

 

NYCB is an equal opportunity employer that prohibits discrimination in hiring or terms and conditions of employment on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information or any other classification protected by the federal, state, and local laws and ordinances.

 

This policy is applicable to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. When necessary, NYCB will reasonably accommodate employees and applicants with disabilities or with religious requirements necessitating accommodation.

 

In addition, NYCB complies with all applicable laws which govern nondiscrimination in employment in every location in which NYCB does business.

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