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Director ALLL and Credit Risk Analytics
TCF Bank
Plymouth, MN, United States
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Description
TCF has a great opportunity at our Plymouth Corporate Center. We are looking for a Director, ALLL and Credit Risk Analytics. Ideal candidate has leadership skills, credit modeling, methodologies related to ALLL, and analytics.
This leadership position is responsible for all aspects related to the Allowance for Loan and Lease Losses (“ALLL”) for TCF (“Bank”). This position is accountable for decision making processes, related policy and procedures, governance and oversight through coordination with Credit and Finance Officers assigned to the Bank’s respective lines of business. This position is accountable for working with executive leadership, corporate and other functional leaders to create and execute on a roadmap to ensure scalable, repeatable, cost effective and well controlled reserving processes and reporting to support TCF in a compliant, fiscally responsible manner. TCF is a matrixed organization as it relates to the ALLL and this leader will need to leverage the vertical domain expertise in the lines of businesses for appropriate reserving and provides the consolidated horizontal view for the organization. The ALLL Manager also has accountability and oversight of credit modeling and methodologies associated with determining the ALLL, working in conjunction with the earlier referenced individuals and functions. In addition, the ALLL Manager utilizes data to provide real time analytics for benefit outside of the ALLL.
Major Areas of Accountability
• Allowance for Loan and Lease Losses [Base and stressed scenarios].
• Serve as the Bank’s primary point of contact, as proxy for the Chief Credit Officer, for the ALLL process management.
• Oversee all aspects of the credit reserve processes, reporting, methodologies, policies & procedures; ensuring proper support for all reserving components (quantitative and qualitative) associated with decisions and processes/procedures. As examples, this accountability would include proper consideration of environmental reserves or Loss Emergence.
• Advocate / challenge, as warranted, the modeling / methodology approaches taken per business unit to drive evaluative consistency across the lines of business for the benefit of the organization holistically.
• Document concisely yet substantively the ALLL decision and rationale from both a line of business perspective and organizational perspective.
• Provide assurance that processes in all areas of responsibility are adequately and effectively controlled to appropriately manage risk and that effective change management is in place.
• Actively participate in credit concentration management to improve portfolio diversification.
• Lead the credit related aspects of stress testing including setting agenda for related developments and enhancement as well as utilize the stress testing process to anticipate potential credit deterioration for proactive credit risk management.
• Analyze the risk of selected portfolios and provide real time analytics to benefit the organization both strategically and tactically.
Leadership:
• Lead staff in terms of knowledge, work product and productivity.
• Influence, without direct control, the behaviors and actions of individuals within the lines of business and corporate functions to facilitate a highly effective reserving process and the decisions that arise from the process.
• Interact professionally, collaboratively and timely with internal constituencies throughout TCF [Executive Management, Credit Administration, Line of Business, Loan Review, Risk Control Services, etc.] and externally [OCC, Fed, outside auditors, etc.].
Hire, manage and develop staff.
• Provide collaborative thought leadership toward shaping the future for TCF.
• Manage a team of individuals including; providing work direction, performance management development and training to direct reports.
• Process, Data and Technology Improvement
• Identify and execute opportunities for process improvement and standardization across the Bank, emphasizing efficiency and effectiveness.
• Drive standard definitions around key data elements and identify and manage projects related to achieving data consistency, availability and quality.
• Lead the identification and implementation of technology solutions to reduce manual processes, enhance controls, improve cycle times, and support consistency where practical across the Bank.
Interface:
• Frequent interaction with Bank executive management, external auditors and regulatory personnel.
Qualifications
Minimum Qualifications
Required:
• Bachelor’s degree in mathematics, finance, economics or related field.
• A minimum of 10 years of progressive leadership in ALLL management.
• Work experience within a regional, super-regional or large corporate financial institution.
• Critical thinking and demonstrated thought leadership.
• Strong decision-making skills, especially when dealing with competing interests.
• Strong business and technical acumen and ability; exhibits a leadership presence and character that inspires trust of all levels, including characteristics of integrity, common sense, maturity, intelligence, strategic mindedness, creativity, independent thinking, initiative, energy and a hands-on orientation.
• Outstanding communication skills, both oral and written, and the ability to communicate clearly at all levels of the organization.
• Strong ability to manage relationships and maintain objectivity.
• Financial Services and/or banking experience or experience in a highly regulated industry
• Supervisory Responsibilities
• Manage a staff of direct reports.
Preferred:
• MBA
Why choose TCF?
Established in 1923, TCF has maintained a strong foundation. TCF has over 340 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF also conducts commercial leasing, indirect auto finance, and equipment finance business in all 50 states, and commercial inventory finance business in all 50 states and Canada.
Our Benefits
TCF encourages open employee communications and promotes from within whenever possible. We offer competitive pay, a comprehensive benefits plan, and opportunities for career advancement. For more details on our benefits, click on the Employee Benefits link on our career page.
We’re proud to be an equal opportunity employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, or other status protected by applicable law. TCF is proud to be an affirmative action/equal opportunity employer. Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.