Peapack-Gladstone Bank
Credit Risk Analyst
Peapack-Gladstone Bank, Bedminster, New Jersey, us, 07921
Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients' needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.
What makes Peapack-Gladstone Bank different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the fifth consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation. Our secret sauce in one word is our 'culture'.We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.
There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (an committee focused on enriching the lives of women - Leading Inspiring Females Together).Said quite simply, the culture is amazing!
Position Summary:
The Credit Risk Analyst will be a key member of the Credit Risk Management team.Position is responsible for supporting the Credit Risk CECL / Loss Forecasting model and Stress Testing models.The candidate must possess analytic and reporting skills and proactive problem solving for all lines of business. This includes quality assurance of data/reporting. The Credit Risk Analyst will provide solutions on data and reporting needs while producing intelligence through querying data repositories, generating periodic reports, and identifying risk trends through quantitative and qualitative analysis. The candidate will also implement analytical approaches and methodologies and assist in the interpretation of results by presenting reports to management for use in decision making and strategic planning.
Position Responsibilities:
Current Expected Credit Losses (CECL) 50%Monitor and analyze macroeconomic data on an on-going basis to describe changes in macroeconomic conditions over the course of each quarter, and actively participate in review and challenge of the Bank's range of forecasted economic scenariosSupport quarterly and ad-hoc analyses covering allowance variables, portfolio changes, macroeconomic scenario forecasts, and emerging risksRespond to and address model validation findings for model approval, as well as address the regulatory and external auditor's findingsDesign and perform CECL analytics support for ongoing production, including attribution analysis, sensitivity analysis, etc.Ability to collaborate effectively and follow up to ensure achievement of deadlines, outcomes and resultsCoordinate with the CECL and accounting policies, Controller, and Finance teams for CECL model development and enhancementRegulatory model experience in CECL/CCAR preferredAnnual updating of Back testing, Loss Driver Analyses and rate studies for prepayments and curtailment rates used in the DCF calculationsPrepare and/or update all CECL related documentation, including the quarterly Qualitative Factor Memo; updates to the CECL framework documents, quarterly meeting minutes (Projection and Final) and all related Credit PoliciesOversee the running of the Abrigo CECL model and act as backup for this process. Ensure that procedures are maintained for this processSupport quarterly and ad-hoc analyses covering allowance variables, portfolio changes, macroeconomic scenario forecasts, and emerging risksCapital Stress Testing (Data & Analysis)25%Provide necessary data and reports to third party vendors for the preparation of quarterly stress testsEvaluate stress test resultsConduct analysis and package it into detailed technical documentation reports to meet regulatory guidelinesCommunicate results to a variety of audiences.Credit Risk Reporting 25%Prepare credit risk reports covering asset quality, loan portfolio concentrations, among other items.Prepare reports and/or dashboards, containing key performance indicators and/or key risk indicators for the different loan portfolios.Prepare ad-hoc reports as needed.Essential Skills and Experience:
Bachelor's degree in quantitative discipline such as: Quantitative Finance, Mathematics, Statistics, Engineering or other quantitative subject3 to 5 years of financial services experience in credit risk management, treasury or a finance functionStrong analytical and quantitative skills, critical thinking, investigative problem-solving and decision structuring talentsUnderstanding of stress testing (interest rate risk, liquidity risk and capital risk), experience with return measures and stress constructionStrong model experience including development, framework, documentation, validation, governance, integration, automation and metric creation.Related skills including sensitivity testing, benchmarking and back testingWorking knowledge of financial regulatory trends, principles and practices covering such issues as CCAR, DFAST, and regulatory capitalKnowledge of standard financial concepts including present value, duration and financial modelingExperience with reporting, stress testing and collateral requirementsKnowledge and/or experience should include most of the following: excel, SNL, Cognos, SQL, C++,VBA, and MS AccessStrong interpersonal skills in order to work effectively and professionally with a wide range of external and internal clients, and third-party professionals and vendors.Nonessential Skills and Experience:
N/AReporting to this position:
To be determinedPhysical Demands and Work Environment:
The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions:
Physical Demands:
While performing the duties of this job, the employee is required to walk; sit; stand; use hands; fingers; reach with hands and arms; stoop; talk or hear. The employee may occasionally lift and/or move up to 25 pounds. Specific vision abilities required by the job include close vision, distant vision, color vision, peripheral vision, depth perception and the ability to adjust focus.Work Environment:
While performing the duties of this job, the employee is exposed to weather conditions prevalent at the time. The noise level in the work environment is usually minimal.General Sign-Off:
The employee is expected to adhere to all Bank policies.The employee is expected to act as a role model for other employees.Adhere to policies and procedures relating to compliance with BSA laws and regulationsThis job description is not an employment agreement or contract. Management has the exclusive right to modify professional responsibilities, and this related job description
Benefits
Peapack-Gladstone Bank offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
What makes Peapack-Gladstone Bank different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the fifth consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation. Our secret sauce in one word is our 'culture'.We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.
There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (an committee focused on enriching the lives of women - Leading Inspiring Females Together).Said quite simply, the culture is amazing!
Position Summary:
The Credit Risk Analyst will be a key member of the Credit Risk Management team.Position is responsible for supporting the Credit Risk CECL / Loss Forecasting model and Stress Testing models.The candidate must possess analytic and reporting skills and proactive problem solving for all lines of business. This includes quality assurance of data/reporting. The Credit Risk Analyst will provide solutions on data and reporting needs while producing intelligence through querying data repositories, generating periodic reports, and identifying risk trends through quantitative and qualitative analysis. The candidate will also implement analytical approaches and methodologies and assist in the interpretation of results by presenting reports to management for use in decision making and strategic planning.
Position Responsibilities:
Current Expected Credit Losses (CECL) 50%Monitor and analyze macroeconomic data on an on-going basis to describe changes in macroeconomic conditions over the course of each quarter, and actively participate in review and challenge of the Bank's range of forecasted economic scenariosSupport quarterly and ad-hoc analyses covering allowance variables, portfolio changes, macroeconomic scenario forecasts, and emerging risksRespond to and address model validation findings for model approval, as well as address the regulatory and external auditor's findingsDesign and perform CECL analytics support for ongoing production, including attribution analysis, sensitivity analysis, etc.Ability to collaborate effectively and follow up to ensure achievement of deadlines, outcomes and resultsCoordinate with the CECL and accounting policies, Controller, and Finance teams for CECL model development and enhancementRegulatory model experience in CECL/CCAR preferredAnnual updating of Back testing, Loss Driver Analyses and rate studies for prepayments and curtailment rates used in the DCF calculationsPrepare and/or update all CECL related documentation, including the quarterly Qualitative Factor Memo; updates to the CECL framework documents, quarterly meeting minutes (Projection and Final) and all related Credit PoliciesOversee the running of the Abrigo CECL model and act as backup for this process. Ensure that procedures are maintained for this processSupport quarterly and ad-hoc analyses covering allowance variables, portfolio changes, macroeconomic scenario forecasts, and emerging risksCapital Stress Testing (Data & Analysis)25%Provide necessary data and reports to third party vendors for the preparation of quarterly stress testsEvaluate stress test resultsConduct analysis and package it into detailed technical documentation reports to meet regulatory guidelinesCommunicate results to a variety of audiences.Credit Risk Reporting 25%Prepare credit risk reports covering asset quality, loan portfolio concentrations, among other items.Prepare reports and/or dashboards, containing key performance indicators and/or key risk indicators for the different loan portfolios.Prepare ad-hoc reports as needed.Essential Skills and Experience:
Bachelor's degree in quantitative discipline such as: Quantitative Finance, Mathematics, Statistics, Engineering or other quantitative subject3 to 5 years of financial services experience in credit risk management, treasury or a finance functionStrong analytical and quantitative skills, critical thinking, investigative problem-solving and decision structuring talentsUnderstanding of stress testing (interest rate risk, liquidity risk and capital risk), experience with return measures and stress constructionStrong model experience including development, framework, documentation, validation, governance, integration, automation and metric creation.Related skills including sensitivity testing, benchmarking and back testingWorking knowledge of financial regulatory trends, principles and practices covering such issues as CCAR, DFAST, and regulatory capitalKnowledge of standard financial concepts including present value, duration and financial modelingExperience with reporting, stress testing and collateral requirementsKnowledge and/or experience should include most of the following: excel, SNL, Cognos, SQL, C++,VBA, and MS AccessStrong interpersonal skills in order to work effectively and professionally with a wide range of external and internal clients, and third-party professionals and vendors.Nonessential Skills and Experience:
N/AReporting to this position:
To be determinedPhysical Demands and Work Environment:
The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions:
Physical Demands:
While performing the duties of this job, the employee is required to walk; sit; stand; use hands; fingers; reach with hands and arms; stoop; talk or hear. The employee may occasionally lift and/or move up to 25 pounds. Specific vision abilities required by the job include close vision, distant vision, color vision, peripheral vision, depth perception and the ability to adjust focus.Work Environment:
While performing the duties of this job, the employee is exposed to weather conditions prevalent at the time. The noise level in the work environment is usually minimal.General Sign-Off:
The employee is expected to adhere to all Bank policies.The employee is expected to act as a role model for other employees.Adhere to policies and procedures relating to compliance with BSA laws and regulationsThis job description is not an employment agreement or contract. Management has the exclusive right to modify professional responsibilities, and this related job description
Benefits
Peapack-Gladstone Bank offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)