Job Description

The Director of Allowance for Credit Losses (ACL) is a senior leader responsible for overseeing the development, implementation, governance, and ongoing management of the bank's ACL framework under CECL guidelines. This role ensures that the bank's ACL estimates are accurate, well-documented, analytically sound, and compliant with regulatory expectations. The Director will collaborate closely with Credit, Risk, Finance, Treasury, and Regulatory Reporting teams.

Key Responsibilities
ACL Framework Management: Lead the end-to-end process of estimating the allowance for credit losses across all portfolios (commercial, consumer, real estate, etc.) under CECL. Governance & Controls: Develop, maintain, and enhance governance, documentation, and internal controls surrounding ACL processes and model usage. Cross-Functional Leadership: Collaborate with Credit, Finance, Risk, Model Risk Management (MRM), and external auditors to support end-to-end ACL processes. Model Oversight: Oversee ACL model selection, development, validation, calibration, and performance monitoring. Ensure alignment with portfolio risk characteristics and regulatory expectations. Reporting & Presentation: Lead the preparation of ACL-related materials for executive management, the Board of Directors, and regulators. Present findings and defend methodology during audits and regulatory exams. Scenario & Sensitivity Analysis: Manage scenario development, macroeconomic forecast integration, and sensitivity analysis to support CECL assumptions and outputs. Regulatory Compliance: Stay current with CECL, GAAP, and regulatory guidance; ensure compliance and readiness for internal/external audits and exams.
Influence & Project Manage:
Lead/motivate individuals from other departments without formal reporting lines to meet ACL related objectives.


Experience and Professional Qualifications
Education:
Bachelor's degree in finance, Accounting, Economics, or related field required Master's degree or CPA/CFA/FRM designation preferred Experience: 10+ years of experience in banking, credit risk, accounting, or finance 5+ years directly managing allowance/CECL processes Experience working in or with large or mid-sized banking institutions Prior engagement with regulatory agencies (OCC, FDIC, FRB) preferred



Skills and Competencies
Deep understanding of CECL methodology, credit risk management, and regulatory frameworks Strong quantitative, analytical, and financial modeling skills Excellent verbal and written communication skills; ability to present complex information to senior stakeholders Proficiency in tools such as SAS, Python, SQL, Excel, and data visualization tools (e.g., Power BI, Tableau, MicroStrategy) Strong project management and organizational skills Preferred Qualifications Experience with diverse loan portfolios (e.g., C&I, CRE, consumer) Familiarity with vendor models and third-party CECL solutions (e.g., Abrigo, Moody's, SAS, BlackRock) Demonstrated ability to lead teams and cross-functional initiatives


Korn Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.