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Director / Senior Director, CECL Execution
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- The Director/Senior Director – CECL Execution will lead the modeling team responsible for execution of First Citizens Bank’s Allowance for Credit Losses modeling process including leading execution of the models, execution of controls over this key process, and governance of the ACL process.
- Reports to FCB Head of Modeling & Analytics and works closely with the Head of Modeling & Analytics, the Chief Data & Analytics Officer, Head of Corporate Accounting and Chief Credit Officers to execute the quarterly business as usual CECL modeling process as well as to set strategy around ACL execution including general process improvement, remediation of any audit/regulatory/model risk issues, enhancements to analytics, and integration FCB’s acquisitions into a combined ACL estimation process.
- Ownership of the CECL calculation engine for all in-scope assets, ensuring alignment with regulatory, audit and model risk management standards and including understanding and proposing improvements to platform configurations and calculation methodologies
- Coordination with stakeholders and owners of sub functions within the CECL process, including accounting / finance, and model developers/owners within the Modeling & Analytics organization.
- Oversee CECL team interaction with Model Risk Management, Internal Audit, External Audit and Regulatory bodies including exam coordination, exam response, and issue remediation
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