Credit Risk Modeling Analyst

Peapack-Gladstone Bank is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services that fulfill all of our clients' needs. We offer an innovative approach to private banking to help clients establish, maintain and expand their legacy.

What makes Peapack-Gladstone Bank different from our competition? We are an institution that's over 100 years old that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the fifth consecutive year, by American Banker as one of the 'Best Bank to Work For' across the nation. Our secret sauce in one word is our 'culture'. We value a diverse, equitable, inclusive and safe workspace. Our one-team culture goes to great lengths to show all employees that they are valued members of the team. We treat each other as family, and as such, communicate throughout the Bank in a transparent and frequent manner, respect and value feedback from all levels and operate with a philosophy of hospitality and general human kindness.

There are multiple way to build relationships and get involved; from joining one of our Cultural Ambassador Sub-Committees focused on our Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness, to involvement in multiple community service activities through our Volunteerism outreach, to joining LIFT (an committee focused on enriching the lives of women - Leading Inspiring Females Together). Said quite simply, the culture is amazing!

Position Summary:

The Credit Risk Modeling Analyst will be a key member of the Credit Risk Management team. Position is responsible for supporting the Credit Risk CECL / Loss Forecasting model and Stress Testing models. The candidate must possess analytic and reporting skills and proactive problem solving for all lines of business. This includes quality assurance of data/reporting. The Credit Risk Analyst will provide solutions on data and reporting needs while producing intelligence through querying data repositories, generating periodic reports, and identifying risk trends through quantitative and qualitative analysis. The candidate will also implement analytical approaches and methodologies and assist in the interpretation of results by presenting reports to management for use in decision making and strategic planning.

Position Responsibilities:

• Current Expected Credit Losses (CECL) 50%
• Monitor and analyze macroeconomic data on an on-going basis to describe changes in macroeconomic conditions over the course of each quarter, and actively participate in review and challenge of the Bank's range of forecasted economic scenarios
• Support quarterly and ad-hoc analyses covering allowance variables, portfolio changes, macroeconomic scenario forecasts, and emerging risks
• Respond to and address model validation findings for model approval, as well as address the regulatory and external auditor's findings
• Design and perform CECL analytics support for ongoing production, including attribution analysis, sensitivity analysis, etc.
• Ability to collaborate effectively and follow up to ensure achievement of deadlines, outcomes and results
• Coordinate with the CECL and accounting policies, Controller, and Finance teams for CECL model development and enhancement
• Regulatory model experience in CECL/CCAR preferred
• Annual updating of Back testing, Loss Driver Analyses and rate studies for prepayments and curtailment rates used in the DCF calculations
• Prepare and/or update all CECL related documentation, including the quarterly Qualitative Factor Memo; updates to the CECL framework documents, quarterly meeting minutes (Projection and Final) and all related Credit Policies
• Oversee the running of the Abrigo CECL model and act as backup for this process. Ensure that procedures are maintained for this process
• Support quarterly and ad-hoc analyses covering allowance variables, portfolio changes, macroeconomic scenario forecasts, and emerging risks
• Capital Stress Testing (Data & Analysis) 25%
• Provide necessary data and reports to third party vendors for the preparation of quarterly stress tests
• Evaluate stress test results
• Conduct analysis and package it into detailed technical documentation reports to meet regulatory guidelines
• Communicate results to a variety of audiences.
• Credit Risk Reporting 25%
• Prepare credit risk reports covering asset quality, loan portfolio concentrations, among other items.
• Prepare reports and/or dashboards, containing key performance indicators and/or key risk indicators for the different loan portfolios.
• Prepare ad-hoc reports as needed.

Essential Skills and Experience:

• Bachelor's degree in quantitative discipline such as: Quantitative Finance, Mathematics, Statistics, Engineering or other quantitative subject
• 3 to 5 years of financial services experience in credit risk management, treasury or a finance function
• Strong analytical and quantitative skills, critical thinking, investigative problem-solving and decision structuring talents
• Understanding of stress testing (interest rate risk, liquidity risk and capital risk), experience with return measures and stress construction
• Strong model experience including development, framework, documentation, validation, governance, integration, automation and metric creation. Related skills including sensitivity testing, benchmarking and back testing
• Working knowledge of financial regulatory trends, principles and practices covering such issues as CCAR, DFAST, and regulatory capital
• Knowledge of standard financial concepts including present value, duration and financial modeling
• Experience with reporting, stress testing and collateral requirements
• Knowledge and/or experience should include most of the following: excel, SNL, Cognos, SQL, C++,VBA, and MS Access
• Strong interpersonal skills in order to work effectively and professionally with a wide range of external and internal clients, and third-party professionals and vendors.

Benefits

Peapack-Gladstone Bank offers medical, dental, and vision coverage to full-time employees, in addition to a competitive PTO package and 401k match.