Full Job Description
As a Risk Management - Risk Controllers - Firmwide Allowance team - Associate in the Risk Management and Compliance team, you will play a key role in supporting the integrity and accuracy of reporting and governance related to the firmwide allowance for credit losses (ACL) under the Current Expected Credit Losses (CECL) accounting standard. You will assist in consolidating the ACL and Credit Costs across Consumer and Wholesale lines of business and support reporting aspects, including disclosures at earnings and the 10K/Q, as well as the credit cost budget and forecast.
Job Responsibilities
• Assist in the consolidation of ACL and credit costs across various lines of business, including CECL in stress.
• Support the preparation of financial disclosures related to earnings and regulatory filings, including creating and maintaining documentation and controls for all firmwide allowance deliverables.
• Contribute to the credit cost budget and forecast processes.
• Participate in maintaining allowance-related standards and preparing CECL scenario weights assessments.
• Support the governance framework for firmwide allowance processes by assisting with the preparation of ACL committee agendas and materials, maintaining records, and helping ensure alignment with auditor and regulator expectations.
• Collaborate with team members and support senior business leaders and stakeholders in strategic decision-making.
Required Qualifications, Capabilities, and Skills
• Approximately 3 plus years of experience in finance, accounting, or a related field.
• Basic understanding of credit loss accounting standards, particularly CECL.
• Strong analytical skills and attention to detail.
• Effective communication skills, both written and verbal.
• Ability to work collaboratively in a team environment.
• Proficiency in Microsoft Office applications, especially PowerPoint and Excel.
Preferred Qualifications, Capabilities, and Skills
• BA/BS in Finance or Accounting.
About the Team
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we9re setting our businesses, clients, customers and employees up for success.
Global Finance & Business Management works to strategically manage capital, drive growth and efficiencies, maintain financial reporting and proactively manage risk. By providing information, analysis and recommendations to improve results and drive decisions, teams ensure the company can navigate all types of market conditions while protecting our fortress balance sheet.
