Allowance for Credit Losses (ACL) Financial Analyst, Associate/AVP

Company: MUFG
Location: Tempe
Posted on: January 12, 2021

Job Description:

Do you want your voice heard and your actions to count?Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020). In the Americas, were 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. Its part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. Were a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.Job Summary: Reporting to the Director for the Reserve Methodology Analytics (RMA), the ACL Financial Analyst is responsible for applying analytical, methodical, and resourceful approaches to calculate the Banks loss, reserve and provision forecasts. The position provides an opportunity to work in an environment where corporate finance and risk are merged with direct impact on the Banks P&L and Balance Sheet. It will require active participation in planning and executing the Banks CCAR/ DFAST Federal Reserve and OCC Stress tests. The position will also have widespread visibility to many levels within the Bank and requires a person who can thrive in a fast paced and challenging environment that merges innovation with tried and true conservative sensibility.Major Responsibilities: Production Responsibilities:Research and analyze economic, industry, credit portfolio trend and other relevant drivers and factors that may affect the Qualitative Reserve Framework and document changes of qualitative factorsResearch and analyze country exposures and ratings that may affect Transfer Risk reserveParticipate in quarterly ACLs production ensuring ACLs production methodologies and processes comply with the Banks policy and procedures, GAAP, regulatory guidance, and industry standards/best practices.Support ACLs Bank and Branch forecasting and CCAR/DFAST processes to calculate, to analyze and create presentations for senior management.Participate in ACLs model development, maintenance and validation.Assist in the analysis, design, implementation and maintenance of system enhancements that significantly contribute to the development of an appropriate quarterly ACLs provision, CCAR and ForecastCollaborate with other teams and contribute support and products as needed to develop reports, presentations, and graphics that facilitate executive management and the Boards decisions regarding the appropriateness of the Banks ACLs strategies, approach, and provisions.Participate in discussions with key executives to assist them in understanding analytical approaches and results that contributed to the estimation of the allowance and facilitate their decisions.Support maintaining appropriate SOX testing and controls in accordance with Bank Policy and procedures and other audit & regulatory activities.Provide data / analytics as requested by RMA management to support special projects, respond to audit / regulatory requests for information, and fulfill ad hoc requests from management.Develop creative approaches to displaying data trends, results of analyses, etc. to effectively communicate with varied reviewers such as ACLs managers and line-of-business managersData Management and Modeling Responsibilities:Assist in the continual development of statistical analysis, analyze ACLs data and reporting requirements; identify gaps in existing data and analytical / reporting tools; and ensure that data needed to produce the quarterly ACLs provision, as well as allowance forecasts and other analyses requested my senior management, is available and of acceptable quality.Collaborate with upstream data providers to resolve issues that are affecting ACLs data / reporting capabilities.Participate in the development of automated applications and models used in the production of the quarterly provision including related maintenance and support of such applications and models. Define model changes and priorities and ensure accuracy and completeness of model results.Process and Project Support:Provide ongoing thought leadership to ensure the ACLs teams analytical and data management approach, processes, and tools are appropriate given the Banks ACLs philosophy / strategy, regulatory guidance, and industry standards / best practices.Collaborate with other teams within RMA and across related Bank organizations to ensure appropriate / timely information sharing; improve operational efficiency; develop or enhance ACLs products, services, and analytical methods; and implement best practices.Participate in ACLs related projects and prepare project deliverables as needed.Requirements: Bachelors degree with an emphasis in finance, economics, statistics, or other quantitative fields. Advanced degree preferred3+ years of experience working with risk management in a large commercial bank, including specific ACLs analytics and data management experience.Solid background and skills in analytical methodologies, tools, and practices with specific application to ACLs processes.Experience in modeling techniques using past results as an indicative measure of future forecasts. Familiar with database designs and strategies.Strong SAS, SQL, Python and VBA programming skillsExperiencemanaging alarge and complex database environmentAbility to maintain data integrity and ensure confidence in data and resultsExcellentwritten and verbal communication skillsAbility to plan, organize, drive results, and manage to established deadlines.Deliver quality products and services that consistently meet requirements.Develop written communications that are clear, concise, and persuasive.Create statistical graphics that display complex ideas with clarity, precision, and efficiency to facilitate decision making.Build relationships and communicate in an open, candid, clear, and consistent manner. Listen effectively and probe for new ideas and solutions.Collaborate effectively with key stakeholders within and outside the organization.Join us as we evolve our organization to becomemore agile, innovative and inclusive!The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, its the banks policy to only inquire into a candidates criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.by Jobble

Keywords: MUFG, Tempe , Allowance for Credit Losses (ACL) Financial Analyst, Associate/AVP, Professions , Tempe, Arizona