Director of Credit Losses

Duties and Responsibilities

include the following.

• Advises and assists department managers, officers, and staff in their respective functions associated with the areas for which he or she has direct responsibility.
• Identifies and analyzes areas of potential credit risk to the assets, earnings and repayment capacity of the borrowers.
• Monitors administration of the completion of the Allowance for Credit Loss Calculation including the review of individually evaluated loans and qualitative factors for collectively evaluated loans.
• Monitors administration of Subjective Adjustment Evaluation memo for current quarter facts and circumstances to ensure qualitative factors selected are adequately supported and directionally consistent with the current environment.
• Monitors and Maintains Compliance with related SOX Controls including, but not limited to loan extract datasets, charge offs and recoveries, loan modifications, unfunded commitment review, loan pooling structure, loan weighted average life calculation review, historical loss rates, methodology review, loans to be reviewed for individual evaluation, reasonable and supportable forecast period, qualitative factors and supporting allowance narratives, overall scorecard assumptions including changes to qualitative factor inventory as well as other key assumptions.
• Monitors administration of sensitivity testing of specific key assumptions and inputs.
• Monitors the administration of the ACL Model Testing Plan and ensures that model testing targets and scope are satisfied annually.
• Monitors the administration of the bank's independent model validation of the ACL and remediation of any findings on a timely basis.
• Monitors the Administration of the Current Expected Credit Loss (CECL) Model Documentation updates that are to occur at least annually or more often if required.
• Monitors the administration of potential new models under development including internal testing and documentation.
• Develops and implements policies and procedures that will ensure the effectiveness and productivity of the Department.
• Assists Credit Risk Management Department as needed to carry out objectives.

Directly supervises employees of the ACL Management Department. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

To perform the job successfully, an individual should demonstrate the following competencies:

Analytical and Design - Synthesizes complex or diverse information;
Collects and researches data;
Designs work flows and procedures;
Demonstrates attention to detail.

Problem Solving - Identifies and resolves problems in a timely manner;
Gathers and analyzes information skillfully. Develops alternative solutions;
Works well in group problem solving situations;
Uses reason even when dealing with emotional topics.

Project Management - Coordinates projects;
Manages project team activities.

Technical Skills - Strives to continuously build knowledge and skills;
Shares expertise with others.

Interpersonal Skills/Customer Service - Focuses on solving conflict, not blaming;
Maintains confidentiality;
Listens to others without interrupting;
Keeps emotions under control;
Remains open to others' ideas and tries new things;
Manages difficult or emotional customer situations;
Responds promptly to customer needs;
Responds to requests for service and assistance;
Meets commitments.

Oral and Written Communication - Speaks clearly and persuasively in positive or negative situations;
Listens and gets clarification;
Responds well to questions;
Demonstrates group presentation skills;
Participates in meetings;
Writes clearly and informatively;
Edits work for spelling and grammar;
Varies writing style to meet needs;
Presents numerical data effectively. Able to read and interpret written information.

Teamwork - Balances team and individual responsibilities;
Exhibits objectivity and openness to others'…