KPMG Director, CECL, Credit Risk in New York, New York

Business Title: Director, CECL, Credit Risk

Requisition Number: 67680

Function: Advisory

Area of Interest: Risk Management

State: NY

City: New York

Description:

The fastest growing Big Four professional services firm in the U.S., KPMG is known for being a great place to work and build a career. We provide audit, tax and advisory services for organizations in today's most important industries. Our growth is driven by delivering real results for our clients. It's also enabled by our culture, which encourages individual development, embraces an inclusive environment, rewards innovative excellence and supports our communities. With qualities like those, it's no wonder we're consistently ranked among the best companies to work for by Fortune Magazine, Consulting Magazine, Working Mother Magazine, Diversity Inc. and others. If you're as passionate about your future as we are, join our team.

KPMG is currently seeking a Director in Financial Risk Management - Credit Risk for our KPMG Risk Consulting practice.

Responsibilities:

  • Provide expert assessment of the quantitative aspects of ASC 450-20 (aka FAS 5 or general reserve) allowance for loan lease losses (ALLL) models and methodology including but not limited to assessment of key assumptions such as portfolio segmentation, look back period, loss emergence period, loss rate calculation approach e.g. historic losses, migration analysis, expected loss framework (PD/LGD/EAD/CCF)

  • Review and assess the qualitative management adjustment framework portion of the ALLL model and methodology

  • Estimate the effect of changes in assumptions and/or constraints by performing impact and sensitivity analysis on the ALLL estimate required

  • Review the control environment around the allowance and reserving process including but not limited to overall ALLL methodology and support/rationale for key assumptions

  • Stay abreast of academic, technical and industry developments in the field of allowance and reserving including the FASB draft proposal for current expected credit losses (CECL), bank regulatory guidance on the ALLL and PCAOB guidance

  • Develop and expand robust and professional working relationships with clients and key stakeholders

Qualifications:

  • A minimum of eight years of relevant consulting, risk management or business experience within a commercial or corporate bank

  • Financial services experience either as part of a financial services institution, in an advisory or business consulting capacity, or in the regulation of bank institutions preferred; significant knowledge of the financial services industry, related risk management regulation and practices and credit risk management experience required

  • Bachelor's degree from an accredited college/university in an appropriate field; master's degree or professional certification such as CPA, CFA, PRM, FRM preferred

  • Highly motivated with proven ability to work on own initiative within a challenging/dynamic work environment; exceptional interpersonal, team building, mentoring, and leadership skills with a demonstrated ability to gain the confidence and respect of senior-level executives

  • Detailed understanding of the overall credit risk management lifecycle and associated credit risk and the policies, procedures and strategies employed to manage this risk and detailed understanding of leading practices and regulatory expectations in the area of credit risk management or the credit risk process

  • Proven project management track record on credit risk related projects including the ability to influence and manage senior stakeholders as well as diverse teams; strong computer skills, experience with Microsoft applications - Word, Excel VBA, PowerPoint, SAS

  • Travel may be up to 80-100%

  • Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future

KPMG LLP (the U.S. member firm of KPMG International) offers a comprehensive compensation and benefits package. KPMG is an equal opportunity employer. All qualified applicants are considered for employment without regard to race, color, creed, religion, age, sex/gender, national origin, ancestry, citizenship status, marital status, sexual orientation, gender identity or expression, disability, physical or mental handicap unrelated to ability, pregnancy, veteran status, unfavorable discharge from military service, genetic information, or other legally protected status. KPMG maintains a drug-free workplace. KPMG will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of applicable local, state or federal law (including San Francisco Ordinance number 131192). No phone calls or agencies please.

GL: 3

GF: 15294