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AVP Financial and Quantitative Analysis
Ref No.: 17-03550
Location: Rosemont, Illinois
Position Type:Full Time
Pay Rate : $ 75,000.00 - 90,000.00 /Year
Job Description:

SUMMARY
The incumbent will use strong quantitative and analytical skills to develop and maintain capital stress test models, the allowance for loan loss model, the economic capital model and other analytical projects as needed. The incumbent will also be responsible for analyzing the output of the models, communicating the results to management and thoroughly documenting all processes and methodologies, including the development of CECL models and documentation supporting the new accounting pronouncement.
 
ESSENTIAL DUTIES AND RESPONSIBILITIES
 
Capital Stress Test
  • Researches, analyzes and maintains internal and external macroeconomic data for the Company's capital stress test.
  • Develops and implements quantitative models related to the Company's capital stress test including running statistical regressions.
  • Maintains appropriate documentation surrounding all related processes and procedures.
  • Communicates results to senior management and the Capital Stress Test Committee.
  • Assists in preparation of presentation material to the Capital Stress Test Committee and the Enterprise Risk Committee. 
Allowance for Loan Loss
  • Enhances and analyzes the current model to implement CECL requirements.
  • Updates the macroeconomic model annually using statistical regressions.
  • Documents all processes and procedures.
Economic Capital/Relationship Pricing Tool
  • Maintains the bank's economic capital model.
  • Maintains appropriate documentation surrounding all related processes and procedures.
  • Responds to inquiries regarding economic capital and relationship pricing.
Other
  • Assists in ad hoc financial analysis.
  • Assists in system implementations.
  • Understands and complies with all Bank policies and procedures, and federal and state laws and regulations pertinent to this position; stays informed and shares updates on changes with management. Required to successfully complete all required Compliance training.
QUALIFICATIONS
 
Education and Work Experience
A Bachelor's degree in Accounting or Finance and at least five to seven years of related experience in the financial services industry or comparable analytical experience; or equivalent combination of education and experience is required. Experience in corporate finance within financial services industry is strongly preferred.
 
Certificates and Licenses
None.
 
Job –Specific Knowledge
Business Analysis – demonstrated experience with identifying trends and tracking key deliverables and risks such as: costs associated with proposed changes to programs and systems; and effectiveness of programs year-over-year in improving overall performance and achieving desired business results.

Finance & Accounting – Good knowledge of accounting and finance principles, applicable laws, regulations and practices, financial analysis, and reporting of financial data.
 
Competencies
To perform the job successfully, an individual should demonstrate the following competencies.
  • Expert-level user of Microsoft Office Word and Excel.
  • Advanced knowledge of statistical software – preferably SAS.
  • Familiarity with SQL is helpful, but not required.
  • Thorough knowledge of software applications applicable to position/business unit.
  • Quickly learns and achieves proficiency in new software applications as needed.
  • Demonstrates ability to create queries / reports in reporting software; pull queries from the core system and work with large datasets primarily in Excel. 
  • Strong aptitude for understanding and analyzing large amounts of data from multiple sources.
  • Performs complex analysis of data, processes, policies, procedures and/or systems.
  • Produces unambiguous, comprehensive and accurate interpretations.
  • Composes thorough and detailed written technical documentation, procedures, manuals, etc.
  • Writes clearly and informatively. Edits work for spelling and grammar.
  • Presents organized and thorough information and data appropriate for intended audience.
  • Utilizes variety of interpersonal styles and communication methods to effectively adapt to new work structures, processes, or cultures.
  • Demonstrates group presentation skills and excellent negotiation skills to deal effectively with individuals and groups within and outside the organization. 
  • Demonstrates follow-up skills.
  • Provides timely and professional support to all internal/external customers and vendors.
  • Prioritizes regular workload, special tasks and concurrent projects, allocating time and resources to ensure that work is completed accurately and efficiently within established time frame.
  • Self-motivated.  Works with minimal supervision. Team-oriented.
  • Establishes and maintains effective, collaborative work relationships both internally and externally.

Third Party Applications Not Accepted