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Senior Manager, Loss and Allowance Forecasting - Jobs in Toronto

Momentum Financial Services Group new
Job LocationToronto
EducationNot Mentioned
SalaryNot Mentioned
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypeContract

Job Description

Job DescriptionGENERAL FUNCTION The Sr. Manager, Loss Forecasting builds and manages the best-in-class loss forecast and reserve models based on internal portfolio health, credit performance trends as well as macro-economic factors. Establishes the loss forecast and outlook review, update, and communication cadence.DUTIES/RESPONSIBILITIES

  • Partner with Finance, Accounting, Product, Credit and Collection teams to create proper model inputs
  • Ensure and demonstrate reasonability of input assumptions for loss forecasting in the new models and analyze resulting forecast outcomes during each forecast cycle for appropriateness
  • Partner with data and analytics teams to create and update KPI and Dashboard at the Portfolio level to help drive improved loss forecasting and loan book health assessment
  • Develop and execute sophisticated credit loss forecasting models across multiple use cases in periodic forecast assessments, capital planning and stress testing scenarios; proven track record in developing and deploying IFRS or CECL reserve models
  • Strategic business planning and analysis for other what-if-sensitivity analysis
  • Analyze outcomes from the new models alongside existing models to formulate ranges and understand varying dynamics
  • Collaborate with Credit Strategy, Collections, Finance, Accounting and Product teams to incorporate changes in underwriting, as well as other business dynamics within the overall forecast
  • Assess externally sourced Macro economic forecasts for use within the model suite as well as present to internal stakeholders across all stakeholders
  • Manage a team (1-2) of analysts.
  • Significant interaction with a wide range of management colleagues up to CEO and his Directs, as well as external stakeholders such as regulators/auditors; methodical, detail-oriented and storytelling in presenting results

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