Allowance for Credit Losses DirectorThe Allowance for Credit Losses (ACL) Director is responsible for managing the overall administration of the allowance for credit loss model and testing function. This includes leading the ACL team in performing risk-based analysis across the various bank business lines and making recommendations to senior leaders and executive management. This position also plays a key role in overseeing various ACL projects including modeling for stress testing and forecasts/planning. This position is considered a subject matter expert and will be required to meet with and present to various business leaders and credit committees as part of their responsibilities.Key Responsibilities and Duties
Maintains and updates ACL model documentation on an annual or quarterly basis as required.
Oversees the ACL team and provides coaching and mentoring.
Responsible for overseeing various reviews and audits by various groups including regulators, financial statement auditors, and internal auditors.
Responsible for providing quarterly updates to the ACL Committee.
Responsible for meeting with senior leaders and executive management from various business units on a quarterly basis, or as frequently as needed to discuss to changes in business and economic conditions that could material impact the ACL.
Oversees the preparation of financial statement disclosures related to the ACL.
Oversees ACL model validation and ensures that model targets and thresholds are satisfied for operating and conceptual soundness and reports outcomes to senior leaders and credit committees.
Develops and implements policies and procedures that will ensure the effectiveness of the ACL process.
Responsible for designing, implementing, and maintaining internal controls to mitigate risk.
Develops relationships across the organization and within other teams within Credit Risk and the OCFO.
Educational Requirements
University (Degree) Preferred
Work Experience
5+ Years Required; 7+ Years Preferred
Physical Requirements
Physical Requirements: Sedentary Work
This position is Hybrid. Hybrid work requires working in the office four days per week with one flexible day to work remotely.Career Level9PLPreferred Qualifications:
7+ years of experience in Accounting, Finance and Risk Management
Allowance Credit Loss experience a plus.
Experience analyzing Risk Models
Advanced Excel experience
Experience working at a Public Accounting Firm, highly preferred.
#LI-HYBRID #LI-TT1Posting end date: 9/30/2024Company SummaryEverBank provides nationwide banking services to consumer and commercial clients through a variety of channels, including online and mobile applications, as well as its Florida-based financial centers.VEVRAA Federal ContractorBenefits SummaryEverBank is committed to the well-being of its associates. That's why we offer a comprehensive Total Rewards package commensurate with the position and job-related qualifications, skills and knowledge. EverBank strives to pay wages competitive with those prevailing in our geographic areas and industry.EverBank's Total Rewards package includes superior benefits such as, health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being.EverBank prohibits pay discrimination on the basis of any protected characteristic.EverBank may require a background check as a condition of employment. Qualified applicants with arrest and/or conviction records will be considered in accordance with applicable federal, state, and local laws and regulations, including, but not limited to, any laws and regulations specifically pertaining to banks and federal contractors.EverBank seeks priority referrals of protected veterans for jobs at all locations within the state.Pay Range $161,900 - $219,100EEO StatementEverBank, N.A. is an equal opportunity (EEO) employer, dedicated to maintaining a work environment free of bias, harassment, discrimination and retaliation. As an EEO employer, EverBank expressly prohibits discrimination, harassment and retaliation based on protected characteristics such as race, creed, ethnicity, color, age, religion, sex, sex stereotype, pregnancy, sexual orientation, gender, gender identity, gender expression, transgender status, marital status, national origin, ancestry, physical or mental disability, genetic history and information, or military or veteran status. Providing a safe, inclusive environment is a priority at EverBank and, consistent with that mission, EverBank considers all qualified applicants for employment regardless of protected status.Pay Transparency Non-Discrimination ProvisionWe will not discharge or in any other manner discriminate against associates or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another associate or applicant. However, associates who have access to the compensation information of other associates or applicants as a part of their essential job functions cannot disclose the pay of other associates or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by us, or (c) consistent with our legal duty to furnish information. If you believe that you have experienced discrimination, contact OFCCP at 1.800.397.6251. TTY 1.877.889.5627. www.dol.gov/ofccp (https://urldefense.com/v3/http:/www.dol.gov/ofccp;L8-7AA!WETVLfn333rqXNYi0-qITSUktDEWiFnQqvstF1J-gO8B03ANdCf4ucPkrvzeJpXk8bwyTvLqjEa8-JEpoxwcjXaB$) .Machine Readable FilesThe Transparency in Coverage Final Rules require certain group health plans to disclose on a public website information regarding in-network provider rates and historical out-of-network allowed amounts and billed charges for covered items and services in two separate machine-readable files (MRFs). The MRFs for the benefit package options under are linked below:Machine Readable Files (MRFs) - Aetna
