ACL Senior Analyst

Who We Are

BankUnited (NYSE: BKU) is a national bank headquartered in Miami Lakes, Florida with banking centers in Florida, the New York metropolitan area, Dallas and Atlanta. BankUnited has two subsidiaries, Pinnacle Public Finance headquartered in Scottsdale, Arizona and Bridge Funding Group headquartered in Hunt Valley, Maryland. We pride ourselves on our entrepreneurial and collaborative culture encompassing the best minds, the brightest talent and the boldest decision makers.

BankUnited is honored to announce that we have been included on the Newsweek and Statista America's Most Trusted Companies Award List!

BankUnited has been recognized by Newsweek for two outstanding awards in 2023 as one of America's Greatest Workplaces and as one of America's Greatest Workplaces for Job Starters, which acknowledges our commitment to creating an exceptional workplace.

Our Culture

At BankUnited, we foster a diverse and inclusive environment where all employees have the opportunity to advance, grow and achieve their goals. Our rally cry is to GO FOR MORE™, a call to action to go above and beyond to provide the best customer experience to every client and to GO FOR MORE in your career.

Why BankUnited

Working for BankUnited offers you exciting challenges and opportunities to advance your professional development, while empowering you to deliver and be your best. We are happy to report the average tenure according to LinkedIn insights is 8.3 years. We strive to provide a competitive benefits plan to our employees and are proud to have been ranked #1 as one of the 2023 Healthiest 100 Wokplaces in America by Springbuk and awarded HEALTHIEST EMPLOYER by the South Florida Business Journal since 2020.

As a company, we believe we are only as successful as our people and are committed to providing training and innovative resources that prepare you to reach your full potential. That's why in addition to tuition reimbursement, we provide our employees with exciting career coaching, courses and training through our own GO FOR MORE™ Academy and mentoring opportunities through our iCARE™ (Inclusive Community of Advocacy, Respect and Equality) program.

At BankUnited, we strive to provide our employees with a work life balance. Specifically, retail branches operate 5 days a week Monday - Friday, excluding evening and/or weekend hours. For many of our positions, we offer a hybrid work environment, as well as a remote work environment for designated positions.

If you thrive in a fast-paced collaborative work environment, Apply Now and start your journey with BankUnited today!

Job Description

SUMMARY: Reporting to the Allowance for Credit Losses Manager, the senior analyst is part of a dynamic team of talented professionals whose primary task is to produce the quarterly ACL estimate at BankUnited. The senior analyst uses a combination of quantitative, modeling, project coordination, and communication skills to produce the quarterly ACL estimate as well as advance other various risk analytics initiatives.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.

• Develop proficiency in third-party vendor reserve calculation engine (Evolv), including in- depth knowledge of calculation logic and business rules. Perform periodic calculation runs, testing/de-bugging and report building.
• Run and execute credit models to produce estimates and behaviors of credit risk (PD LGD) for purposes of ACL estimation, business plan forecasting and other needs.
• Work closely with Work Out and Recovery department to assess expected losses for collateral dependent and TDR modified borrowers.
• Compile quarterly ACL documentation for senior executive management, internal and external auditor consumption. Including methodology and quarterly results memo documents.
• Compile and present quarterly current economic assessment package for review and challenge by the Economic Forecast Committee.
• Conduct interactive discussions with credit model experts, data scientists, accounting, credit and other key stakeholders to refine and improve ACL estimation efforts and other initiatives.
• Work closely with both internal and external auditors to assist in understanding of ACL methodology, credit model assumptions, quarterly results, data ETL process and ASC 326-20 (CECL) application.
• Present quarterly results and other ad-hoc decisions to senior executive management and other key stakeholders for challenge and review.
• Work closely with the data and technology teams to improve the data infrastructure needed to support the above initiatives.
• Assist and expand upon the process and data automation efforts currently under way.
• Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
• Adheres to Bank policies and procedures and completes required training.
• Identifies and reports suspicious activity.

SUPERVISORY RESPONSIBILITIES

• Supervises function, projects or services and/or one or more employees, as applicable.
• Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance coaching; rewarding and disciplining employees; addressing complaints and resolving problems.

EDUCATION

Advanced degree in either an accounting, finance or a quantitative related discipline required

EXPERIENCE

• 2-5 years experience in financial services, preferably within a corporate finance, accounting, audit or credit risk division of a medium to large financial institution
• Understanding of cash flow calculations and mechanics (prepayments, amortization, discounted cash flows)
• Strong problem solving skills: creating ad-hoc work-around solutions, de-bugging calculation errors, diagnosing ETL issues and data irregularities
• Identifying, creating and improving controls around data and business processes
• Experience managing large-scale projects involving multiple disciplinary areas
• Knowledge of data environments (databases, data lakes, cloud storage)
• Proficiency in generating reports using Tableau and/or other visualizations tools
• Strong interpersonal skills to manage relationships across different divisions within the entire company
• Strong communication skills (both verbal and written) with the ability to articulate complex concepts into a format digestible by a diverse audience
• Ability to work under pressure, meet deadlines, manage competing initiatives and adapt to an ever-changing work pace with a focus on accuracy and attention to detail
• Experience in the following a plus:
• Credit Risk (analyst, underwriting, loan review)
• Credit Modeling (PD, LGD, EAD)
• Programming and ETL experience in programming languages such as R, Python, SQL, PySpark
• Audit (either internal or external)
• Proficiency in generating reports using Tableau and/or other visualizations tools

CERTIFICATES, LICENSES, REGISTRATIONS

• Certified Public Accountant (CPA) preferred Or
• Chartered Financial Analyst (CFA) preferred