Senior Financial Analyst

Posted on Sep 15, 2024 by East West Bank
Pasadena, CA
Accountancy
Immediate Start
Annual Salary
Full-Time
Introduction:

Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.

Overview:

We are currently seeking a Senior Analyst for our ACL team. As an East West Bank employee, you will be part of a growing and stable organization that provides career path development opportunities while serving a growing and profitable market.

Responsibilities:

Assist with the allowance for credit losses (“ACL”) process, including calculations, analysis, and documentation

Responsible for obtaining and reviewing loan charge-offs for appropriateness and accuracy

Interact with the Bank’s lending officers, credit supervision department, and the credit-risk management department to ensure charge-offs are recorded timely and appropriate inputs are considered in loan valuations

Provide assistance in the review of banking regulatory reports

Assist with researching and implementing regulatory and accounting standards relevant to ACL

Perform ad-hoc financial analysis as required

Provide financial and analytical expertise to assist in building and improving quantitative models for credit-loss estimation models (statistical credit models) for the entire loan portfolio to support allowance for credit loss (including current expected credit loss preparation)

Identify and/or address potential process gaps or process improvements including data gaps in model, other quantitative tools, and policy governance

Assemble, compile, and analyze information, and resolve errors/inconsistencies in data from loan systems and modeling team

Collaborate with modeling and data management teams on model and data performance matters.

Develop presentations and written materials to convey the results of research and analysis projects

Assist in cross training the ACL team

Perform other assignments and special project as requested by management

Qualifications:

Bachelor’s degree required; degree in accounting/finance/statistics preferred

4+ years of relevant experience in accounting or finance in banking/financial services

Detail oriented individual with strong analytical, organizational, and problem-solving skills

Proficiency with Microsoft Excel required

Strong verbal and written communication skills

Ability to work well independently as well as in a team

Banking, credit risk or loan accounting experience preferred

Strong understanding of credit models, CECL, ACL (formerly, ALLL), credit risk, financial risk, operations risk, and their processes highly preferred

Ability to communicate complex analytical issues in understandable terms appropriate for management interactions (regulators, vendors, executives, etc.)

Ability to successfully work on projects and project teams

Proficiently use SQL

Compensation:

The base pay range for this position is USD $80,000.00/Yr. - USD $95,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

Reference: 200080834

https://jobs.careeraddict.com/post/95232674

Senior Financial Analyst

Posted on Sep 15, 2024 by East West Bank

Pasadena, CA
Accountancy
Immediate Start
Annual Salary
Full-Time
Introduction:

Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.

Overview:

We are currently seeking a Senior Analyst for our ACL team. As an East West Bank employee, you will be part of a growing and stable organization that provides career path development opportunities while serving a growing and profitable market.

Responsibilities:

Assist with the allowance for credit losses (“ACL”) process, including calculations, analysis, and documentation

Responsible for obtaining and reviewing loan charge-offs for appropriateness and accuracy

Interact with the Bank’s lending officers, credit supervision department, and the credit-risk management department to ensure charge-offs are recorded timely and appropriate inputs are considered in loan valuations

Provide assistance in the review of banking regulatory reports

Assist with researching and implementing regulatory and accounting standards relevant to ACL

Perform ad-hoc financial analysis as required

Provide financial and analytical expertise to assist in building and improving quantitative models for credit-loss estimation models (statistical credit models) for the entire loan portfolio to support allowance for credit loss (including current expected credit loss preparation)

Identify and/or address potential process gaps or process improvements including data gaps in model, other quantitative tools, and policy governance

Assemble, compile, and analyze information, and resolve errors/inconsistencies in data from loan systems and modeling team

Collaborate with modeling and data management teams on model and data performance matters.

Develop presentations and written materials to convey the results of research and analysis projects

Assist in cross training the ACL team

Perform other assignments and special project as requested by management

Qualifications:

Bachelor’s degree required; degree in accounting/finance/statistics preferred

4+ years of relevant experience in accounting or finance in banking/financial services

Detail oriented individual with strong analytical, organizational, and problem-solving skills

Proficiency with Microsoft Excel required

Strong verbal and written communication skills

Ability to work well independently as well as in a team

Banking, credit risk or loan accounting experience preferred

Strong understanding of credit models, CECL, ACL (formerly, ALLL), credit risk, financial risk, operations risk, and their processes highly preferred

Ability to communicate complex analytical issues in understandable terms appropriate for management interactions (regulators, vendors, executives, etc.)

Ability to successfully work on projects and project teams

Proficiently use SQL

Compensation:

The base pay range for this position is USD $80,000.00/Yr. - USD $95,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

Reference: 200080834

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