Job Detail

CECL Program Manager

CECL Program Manager
Primary Location
New York
Bachelor's Degree
Rate Type
Per year
Job Description

Prospect 33 is looking for a Senior Consultant who will help lead a scoping and implementation effort for a bank's upcoming CECL (Current Expected Credit Loss) work streams.

The ideal candidate will take a leadership role in growing and managing the CECL program.   You should have prior experience running regulatory projects and be strongly conversant with CECL, preferably having run a CECL project at another financial institution.

Job Requirements
  • Define forecasting and modeling requirements to ensure the CECL models are compliant with accounting policy.
  • Establish, define, and implement the business operating CECL model, which entails a thorough understanding of the end-to-end allowance process and associated infrastructure;
  • Engage stakeholders and senior management in a ‘dry run’ of the CECL operating model prior to go-live
  • Support implementation of CECL through extensive testing
  • Perform various ad-hoc analytics to inform decision making
  • Partner with technology to develop reporting and analytics tools by providing business requirements
  • Develop SOX controls for CECL in compliance with requirements, incorporating insight from auditors
  • Prepare presentations for senior management and other key stakeholders
  • Create and maintain comprehensive documentation and standard operating procedures related to the allowance process
  • Act as subject matter expert on allowance and serve as the primary point of contact for internal and external stakeholders
  • Have a proven track record running projects & programs in a similar environment
  • Be able to lead a team and coordinate with 3rd party vendors
  • Need to manage disparate teams of staff, consultants and 3rd party vendor teams
  • All candidates MUST be able to work for any employer in the US without sponsorship
  • All candidates must be able to provide 2-3 professional references
  • All candidates are subject to mandatory drug screenings 

Prospect 33 is an equal opportunity employer.

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