Senior Current Expected Credit Loss Manager (HYBRID WITHIN FULTON FOOTPRINT - DE, MD, NJ, PA, VA) - Lancaster Pennsylvania

Company: Disability Solutions
Location: Lancaster, Pennsylvania
Posted On: 01/20/2025

Value PropositionOur values define us and our inspires us to Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our We champion a culture of and We promote a digitally enabled work environment to continuously enhance the experience of our OverviewThe Senior Manager - CECL is responsible for overseeing the Company's Current Expected Credit Loss (CECL) processes, controls, quantitative model, reporting, and overseeing the various loan portfolio credit analytics in support of qualitative overlays. This includes ensuring the integrity and accuracy of CECL-related data, model, and reporting. The incumbent in this role will oversee statistical and financial analysis, manage team members, and collaborate with other departments to ensure compliance with relevant regulatory requirements.Responsibilities

• Implement and manage model risk practices to ensure CECL model integrity. Oversee analysis of key inputs, assumptions, and judgments. Lead CECL model documentation and controls, ensuring GAAP and OCC compliance. Align CECL model and analytics with internal policies and regulations.
• Oversee monthly and quarterly ACL analysis, including forecasting, budgeting, and reporting. Analyze credit loss trends and emerging risks in the loan portfolio. Conduct loss factor analysis, stress testing, and sensitivity analysis. Prepare ACL and loan loss reports for senior leadership and the board. Perform model backtesting, sensitivity and scenario analysis to assess credit risk.
• Lead preparation for audits, regulatory exams, and reviews, ensuring compliance with FASB, SEC, and global standards. Serve as primary contact for auditors, regulators, and executives on CECL and credit risk matters. Ensure adherence to regulatory requirements for credit risk management and financial disclosures.
• Lead CECL disclosures for quarterly and annual reports. Communicate model results, risk trends, and findings to regulators, auditors, executives, and stakeholders. Support and present at governance committees on CECL and emerging credit risks.
• Manage relationships with external vendors, including software providers supporting the CECL model and analytics functions.
• Ensure that the CECL model and supporting tools are appropriately updated and aligned with best practices and regulatory changes.
• Manage and mentor a team of analysts, setting priorities and objectives to support CECL and analytics. Oversee team performance, development, and growth.QualificationsEducationBachelor Degree or the equivalent experience. Specialty: Accounting. (Required)Master Degree or the equivalent experience. Specialty: Accounting. (Preferred)Experience7 or more years credit risk management, CECL implementation, or related financial modeling experience. (Required)5 or more years managing a team and working cross-functionally with various departments. (Required)CertificationsCertified Enterprise Risk Professional or Certified Public Accountant. (Required)Knowledge, Skills, and Abilities
  • Strong understanding of accounting principles ASC 326 (CECL) and ASC 310 (Receivables) (Required)Other Duties as Assigned by ManagerThis role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.Pay TransparencyTo provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate's knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.The salary range for this position is $118,200.00 - $197,000.00 annually. Additional Compensation Components This job is eligible to receive equity in the form of restricted stock units. This job is eligible to participate in a short-term incentive compensation plan subject to individual and company performance.BenefitsAdditionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about your potential eligibility for these programs, please visit .EEO StatementFulton Bank ("Fulton") is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status. Sponsorship StatementAs a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future. More...

        

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