Senior Financial Analyst - Allowance for Credit Losses

Overview

We are currently seeking a Senior Financial Analyst - Allowance for Credit Losses for our ACL team. As an East West Bank employee, you will be part of a growing and stable organization that provides career path development opportunities while serving a growing and profitable market.

Responsibilities

• Assist with the allowance for credit losses ( ACL ) process, including calculations, analysis, and documentation
• Responsible for obtaining and reviewing loan charge-offs for appropriateness and accuracy
• Interact with the Bank’s lending officers, credit supervision department, and the credit-risk management department to ensure charge-offs are recorded timely and appropriate inputs are considered in loan valuations
• Provide assistance in the review of banking regulatory reports
• Assist with researching and implementing regulatory and accounting standards relevant to ACL
• Perform ad-hoc financial analysis as required
• Provide financial and analytical expertise to assist in building and improving quantitative models for credit-loss estimation models (statistical credit models) for the entire loan portfolio to support allowance for credit loss (including current expected credit loss preparation)
• Identify and / or address potential process gaps or process improvements including data gaps in model, other quantitative tools, and policy governance
• Assemble, compile, and analyze information, and resolve errors / inconsistencies in data from loan systems and modeling team
• Collaborate with modeling and data management teams on model and data performance matters.
• Develop presentations and written materials to convey the results of research and analysis projects
• Assist in cross training the ACL team
• Perform other assignments and special project as requested by management

Qualifications

• Bachelor’s degree required; degree in accounting / finance / statistics preferred
• 4+ years of relevant experience in accounting or finance in banking / financial services
• Detail oriented individual with strong analytical, organizational, and problem-solving skills
• Proficiency with Microsoft Excel required
• Strong verbal and written communication skills
• Ability to work well independently as well as in a team
• Banking, credit risk or loan accounting experience preferred
• Strong understanding of credit models, CECL, ACL (formerly, ALLL), credit risk, financial risk, operations risk, and their processes highly preferred
• Ability to communicate complex analytical issues in understandable terms appropriate for management interactions (regulators, vendors, executives,
• Ability to successfully work on projects and project teams
• Proficiently use SQL

Compensation

The base pay range for this position is USD $80,000.00 / Yr. - USD $95,000.00 / Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

East West Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally protected status.

Reasonable accommodations for disability are provided to applicants and employees in accordance with applicable law.