Director, Allowance for Credit Losses (ACL)
| Req Number: | DN4G23 |
| Location: | Remote - East Coast or Central Time Zone |
| Posted: | 10/9/2025 |
| Category: | Financial : Asset Management |
| Job Type: | Permanent |
| Compensation: | USD 175,000.00 - 200,000.00 Yearly - plus bonus |
Purpose of the Position
APPLY NOW
The Director of Allowance for Credit Losses (ACL) is a senior leader responsible for overseeing the development, implementation, governance, and ongoing management of the bank’s ACL framework under CECL guidelines. This role ensures that the bank's ACL estimates are accurate, well-documented, analytically sound, and compliant with regulatory expectations. The Director will collaborate closely with Credit, Risk, Finance, Treasury, and Regulatory Reporting teams.
Key Responsibilities
- ACL Framework Management:
- Lead the end-to-end process of estimating the allowance for credit losses across all portfolios (commercial, consumer, real estate, etc.) under CECL.
- Governance & Controls:
- Develop, maintain, and enhance governance, documentation, and internal controls surrounding ACL processes and model usage.
- Cross-Functional Leadership:
- Collaborate with Credit, Finance, Risk, Model Risk Management (MRM), and external auditors to support end-to-end ACL processes.
- Model Oversight:
- Oversee ACL model selection, development, validation, calibration, and performance monitoring. Ensure alignment with portfolio risk characteristics and regulatory expectations.
- Reporting & Presentation:
- Lead the preparation of ACL-related materials for executive management, the Board of Directors, and regulators. Present findings and defend methodology during audits and regulatory exams.
- Scenario & Sensitivity Analysis:
- Manage scenario development, macroeconomic forecast integration, and sensitivity analysis to support CECL assumptions and outputs.
- Regulatory Compliance:
- Stay current with CECL, GAAP, and regulatory guidance; ensure compliance and readiness for internal/external audits and exams.
Influence & Project Manage:
- Lead/motivate individuals from other departments without formal reporting lines to meet ACL related objectives.
Experience and Professional Qualifications
Education:
- Bachelor’s degree in finance, Accounting, Economics, or related field required
- Master’s degree or CPA/CFA/FRM designation preferred
- Experience:
- 10+ years of experience in banking, credit risk, accounting, or finance
- 5+ years directly managing allowance/CECL processes
- Experience working in or with large or mid-sized banking institutions
- Prior engagement with regulatory agencies (OCC, FDIC, FRB) preferred
Skills and Competencies
- Deep understanding of CECL methodology, credit risk management, and regulatory frameworks
- Strong quantitative, analytical, and financial modeling skills
- Excellent verbal and written communication skills; ability to present complex information to senior stakeholders
- Proficiency in tools such as SAS, Python, SQL, Excel, and data visualization tools (e.g., Power BI, Tableau, MicroStrategy)
- Strong project management and organizational skills
- Preferred Qualifications
- Experience with diverse loan portfolios (e.g., C&I, CRE, consumer)
- Familiarity with vendor models and third-party CECL solutions (e.g., Abrigo, Moody’s, SAS, BlackRock)
- Demonstrated ability to lead teams and cross-functional initiatives
******
Korn Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.
Apply
APPLY NOWSimilar Jobs
| Title | Location | Date Opened |
|---|---|---|
| National Investment Center for Seniors Housing & Care - Director of NIC Academy Annapolis, MD Oct 16, 2025 | Annapolis, MD | Oct 16, 2025 |
| Vice President for Grants Houston Jun 13, 2025 | Houston | Jun 13, 2025 |
| Political Director Washington, DC Jul 29, 2025 | Washington, DC | Jul 29, 2025 |
| Regional Director Indiana, Indianapolis - Remote May 19, 2025 | Indiana, Indianapolis - Remote | May 19, 2025 |
| Services for the UnderServed- Chief Development Officer New York City Aug 7, 2025 | New York City | Aug 7, 2025 |
| Chief Financial Officer - U.S. Center for SafeSport Denver, CO Jul 24, 2025 | Denver, CO | Jul 24, 2025 |
| President & CEO - Center for Victims of Torture Remote Sep 26, 2025 | Remote | Sep 26, 2025 |
| Chief Executive Officer - U.S. Center for SafeSport Denver, CO Jul 24, 2025 | Denver, CO | Jul 24, 2025 |
| Senior Director, Information Security Philadelphia, PA (remote/hybrid) Aug 6, 2025 | Philadelphia, PA (remote/hybrid) | Aug 6, 2025 |