AMVETS Jobs

Director, Credit Applications and Publications The position is charged with overall responsibility for producing the Allowance for Credit Losses (ACL) each quarter. The position is responsible for maintaining the existing ACL model as well as developing new methodologies as needed to comply with changing regulatory and accounting guidance which is currently under the Current Expected Credit Losses (CECL) standard. The position is also responsible for leading the development of enhanced analytical applications, metrics, and reporting of potential risk factors in the portfolio with an eye toward providing insight as to a forward look of future credit risk thereby helping the Corporation maintain its credit losses in line with its Risk Appetite. The position is charged with interacting with members of the Investor Relations Department, the Controller Department, the Special Assets Department, Internal Audit, and all Credit Administration Departments within the Corporation in addition to external audit and regulators; Currently, the position has 7 direct reports to manage. Financial direct expenses are approximately. Positions Responsibilities:

Loan Loss Reserve Analysis * Overseeing the calculation of the commercial and retail Allowance for Loan and Lease Loss (ALLL) and Off-Balance Sheet Reserve Analysis of the Corporation (combined, the ACL). This responsibility includes the ongoing development of quantitative and qualitative factors that support calculations, keeping abreast of regulatory and accounting requirements, as well as preparation of the final 80+ page quarterly analysis. In particular, this responsibility includes the establishment of the new CECL methodology along with supporting systems, controls, processes, and documentation. Direct communication with executive management, internal and external auditors, and regulators is required. This process is vital to the preparation of the Bank's financial statements each quarter and has a significant effect on the Bank's reported earnings. Portfolio Reporting and Analysis for Senior and Executive Management * Developing, overseeing, and preparing analytical applications, credit metrics, and reports that measure, analyze, and describe various credit risk aspects of Comerica's loan portfolio. The reports have a particular focus to the bank's Risk Appetite including input into the appropriate levels of credit concentrations, portfolio optimization, new lending activity, and stress testing. The information is provided to many high level committees within the corporation (e.g. The Board of Directors for Comerica Inc. and Comerica Bank, the Enterprise Risk Committee of the Board of Directors, the Enterprise Risk and Return Committee, the Strategic Credit Committee, etc.). The managed team interfaces with the Credit Reporting Operations group to assess both portfolio and operational reports to highlight relevant content to the Credit Administration and Operational teams through their liaison function, as well as the noted Committees. Other Reporting Duties * Supporting the Credit Reporting Operations Manager in both production automation as well as the execution of production overflow for commercial and retail reporting inventories that recur on a periodic basis plus ad hoc projects that take place consistently; These reports consist of key credit metrics trend reporting, and help assess the portfolio's overall health. Additionally, they are provided to selected Departments and individuals around the bank, including the Controller Department (4 quarterly reports and 5 annual reports that help in the preparation of the financial statements), the Investor Relations Department (4 quarterly reports in... For full info follow application link.

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