Our client, a leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. They provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Minimum responsibilities include assistance with:
The collection, review and analysis of CECL estimates provided by Risk in regard to the impact on:
Loan Loss Reserves
Capital Requirements / Capital Planning
Cost of credit
Ensuring the granularity and coverage of the quarterly CECL impact analysis meets management requirements and reconciles with exposure balances in financial statements.
Ensuring the granularity and coverage of the MidYear Forecast and Annual Plan CECL impact analysis meets management requirements and reconciles with exposure balances in organization financial statements.
Identification and measurement of drivers of period over period CECL related estimate movements.
Responding to ad-hoc queries (are we thinking the resource would be the first filter for questions or actually make decisions on items?).
Development of presentations to senior management, CECL operating and steering committees, scheduling sessions, coordination of internal team follow-up.
Drafting, compiling, and maintaining the CECL Implementation document.
Researching scope related items – other assets accounts, accrued interest receivable, unfunded loans that will be HFI post funding, various FDLs.
Identifying data demand needs, outlining disclosure requirements, developing disclosure.
Working with tech and data teams to identify data gaps and work to solution data gaps.
Collaborating with central program team (albeit not a PMO resource).
Coordinate with corporate reporting, regulatory reporting, tax, and product control teams (including creation of FDL and Qmemo accounts).
Assist in mock-up of the financial statements.
Assist in preparing the Client Accounting Policy Manual Update.
Assist in drafting of transition entries.
Reconciling positions to 10-Q/10-K reported amounts.
CECL framework document – draft accounting, risk, reporting or regulatory sections as needed.
Regulatory reporting interpret requirements and work with regulatory reporting to operationalize.
Framework for new FDLs / working with reporting to open new FDLs.
Testing disclosures - reviewing disclosure data validity / quality.