About this opportunity
U.S. Bank lists this ACL Reporting Team Lead opportunity in brookfield, Wisconsin. Review the employer’s description below for duties, qualifications and application requirements.
Job description
At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.
nJob Description
nThe ACL Reporting Team Lead is responsible for leading and supporting key analytical and reporting activities in support of the allowance for credit losses (ACL), including mentoring junior analysts, overseeing quarter-end allowance results reporting, and ensuring accurate journal entries and external reporting schedules.
nThis is an active leadership role that will drive operational process improvements and modernization initiatives across the allowance for credit loss team that support workflow efficiency, transparency of results, reduced operational risks and adherence to accounting standards.
nnnHelp direct junior analysts on the team and provide first line detailed reviews
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nnEnsure quarter end allowance results are appropriately recorded, including overseeing journal entries, and external reporting
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nnSupport effective management of estimation methods pursuant to various risk management programs and ensure compliance with those policies.
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n nResponsibilities
nSpecific duties include coordinating quarter-end ACL recording, preparing and reviewing provision journal entries, conducting reserve analyses for other assets, and reviewing key control schedules. The analyst provides first-line review and guidance for junior team members, supports compliance with various risk and reporting requirements, and ensures the accurate and timely completion of all related processes.
nnnEffect changes to reporting data sources or methods to maintain adherence to regulatory / accounting guidance changes
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nnMaintain attribution of changes and bottom-up support for quarterly ACL balances
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nnMaintain documentation of CCAR methods and controls related to ACL
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nnLead communications and documentation to support design and audit of ACL process controls assigned to reporting processes
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nnACL subject matter expert for all method/EUCT compliance questions. Liaison in charge of coordinating with MRG (models), FRR (QEAs) and Credit Reporting (EUCTs) for validations, annual reviews, method changes, etc. related to methods owned by the ACL team
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nnPrimary method owner for select methods/EUCTs owned by the ACL team. Work with Jr analysts to maintain method documentation, including development and monitoring documents, and address validation feedback.
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n nBasic Qualifications
nnnBachelor's degree, or equivalent work experience
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nnTypically more than eight years of applicable experience
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n nPreferred Skills/Experience
nnnCertified Public Accountant (CPA)
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nnConsiderable knowledge of regulatory and financial accounting guidance relevant to CCAR / CECL and credit expense reporting
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nnEffective presentation, verbal and written communication skills
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nnAbility to work effectively with individuals and groups in generating credit reporting and explaining drivers of results
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nnAbility to assess process flows and identify key risks and risk mitigants
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nnUnderstanding of key credit performance ratios
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nnKnowledge of bank lending products, lending structures and risk management models
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n nThis role requires working from a U.S. Bank location three (3) or more days per week.
nIf there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants ( .
nBenefits:
nOur approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
nnnHealthcare (medical, dental, vision)
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nnBasic term and optional term life insurance
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nnShort-term and long-term disability
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nnPregnancy disability and parental leave
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nn401(k) and employer-funded retirement plan
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nnPaid vacation (from two to five weeks depending on salary grade and tenure)
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nnUp to 11 paid holiday opportunities
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nnAdoption assistance
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nnSick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
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n nReview our full benefits available by employment status here ( .
nU.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
nE-Verify
nU.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program ( .
nThe salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $119,765.00 - $140,900.00
nU.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
nApplicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
nPosting may be closed earlier due to high volume of applicants.
Worksite address
brookfield, WI, 53045, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.