CECL And Qual - Senior Associate

PwC is one of the most prestigious professional services firm in the world, serving as the auditor to nearly half of the world’s largest banks. PwC US Risk and Regulatory (R&R) comprises of a highly experienced team of risk management specialists supporting global financial institutions in their risk management initiatives. R&R has significant exposure to, and driver of, industry leading practices and has deep knowledge of regulatory expectations. R&R professional’s experience covers all financial model types, including those used to manage credit risk, market risk, operational risk and compliance risk—as well as those used for financial reporting, valuations and economic capital estimation. Risk Analytics Center of Excellence (CoE) is the India extension of R&R practice and provides key risk analytics services to global banks, investment firms, and asset management entities. It comprises of risk analytics professionals with stellar quantitative pedigree from premier institutions, industry certifications in CFA, FRM, PRM etc. and proven professional credentials in risk modeling and analytics at reputed financial institutions and consulting firms. As an integral part of PwC US R&R, Risk Analytics CoE drives risk analytics engagements, opportunity pursuits and cutting-edge innovation using data science, Artificial Intelligence, Machine Learning and Deep Learning.

A career in our Balance Sheet Management practice, within Financial Risk and

Regulatory services, will provide you with the opportunity to help business

leaders embed a proactive and dynamic risk management capability and mind set into their corporate business practices. From strategy through to implementation, we help put in place people, processes and technology so they can leverage financial risk management to identify new opportunities and pursue success as smoothly, systematically and sustainably as possible in the face of changing markets, technologies and competition.

Our team provides our clients with gap assessments as well as design and

implement processes to facilitate asset and liability management, funding and liquidity planning and stress testing, and capital management. You’ll help build tools that enable our clients to efficiently utilize capital and liquidity resources, consistent with regulatory expectations.

To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our

careers, now and in the future.

Responsibilities

As a Senior Associate, youll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:

• Use feedback and reflection to develop self awareness, personal strengths and address development areas.
• Delegate to others to provide stretch opportunities, coaching them to deliver results.
• Demonstrate critical thinking and the ability to bring order to unstructured problems.
• Use a broad range of tools and techniques to extract insights from current industry or sector trends.
• Review your work and that of others for quality, accuracy and relevance.
• Know how and when to use tools available for a given situation and can explain the reasons for this choice.
• Seek and embrace opportunities which give exposure to different situations, environments and perspectives.
• Use straightforward communication, in a structured way, when influencing and connecting with others.
• Able to read situations and modify behavior to build quality relationships.
• Uphold the firms code of ethics and business conduct.
  
  

As a member of the Risk & Regulatory Advisory team, you will advise financial

institutions on a broad range of credit risk management topics including, organization and governance; credit process optimization; risk rating model design, build and implementation; and Current Expected Credit Losses (CECL) process and tools. You will work on a team evaluating, designing, and implementing credit risk strategies to support our clients in addressing key market challenges focused on credit risk.

Basic Qualifications

Job Requirements and Preferences:

Minimum Degree Required

Bachelor Degree

Minimum Years Of Experience

3 year(s)

Preferred Qualifications

Degree Preferred:

Master Degree

Preferred Fields Of Study

Business Administration/Management, Mathematics, Statistics, Finance, Accounting,

Economics

Demonstrates a Thorough Level Of Abilities And/or a Proven Record Of Success In How To Lead Or Facilitate Relevant Project Management Or Client Consultations In The Areas Of Credit-related Activities And Credit Risk Management, Preferably In Some Combination Of The Following Areas

• Possessing knowledge of Allowance for Credit Losses, including methodology, models, and US GAAP requirements under Current Expected Credit Losses, (CECL) and knowledge of IFRS 9;
• Strong writing and communication skills across complex accounting, credit, and model topics
• Experience in the reserve, finance, or controllership organization at a large financial institution
• Experience in designing, building, and/or validating qualitative reserves for financial institutions across a broad array of asset classes, including both consumer and commercial loans.
  
  

Demonstrates a Thorough Level Of Abilities And/or a Proven Record Of Success With Designing And Implementing Process Improvement Solutions, Leveraging PC Applications Including MS Office (Word, Excel, Access, PowerPoint), Where Applicable, Including

• Knowledge of typical credit reserve methodologies used at financial institutions to determine the allowance for loan losses (i.e., Credit Reserve, ACL, or CECL).
• Operating successfully as both an individual contributor and team member, identifying and addressing client needs. Preparing, coordinating, and delivering complex written and verbal materials to clients and senior management (e.g., PPT presentations, summary reports/ memos, oral presentations);
• Collaborating with teams to create a proven atmosphere of trust, seeking diverse views to encourage improvement and innovation, and coaching staff, including providing timely meaningful written and verbal feedback;
• Identifying and addressing client needs by building and maintaining trust (e.g., client relationship management);
• Considering cross-cultural differences, seeking diverse views to encourage improvement and innovation, and fostering a global mindset for the team;
• Demonstrating experience in working with and managing on-shore and off-shore teams;
• Demonstrating thorough ability to communicate project goals and objectives, project status and deliverables, building consensus and presenting standard industry practices/point of view effectively; and,
• Keeping leadership informed of progress and issues.

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