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Who we are
Founded in 1997, Merrick Bank is an FDIC®-insured financial institution headquartered in South Jordan, Utah, with over $10 billion in assets. A wholly owned subsidiary of CardWorks Financial Group, Merrick Bank serves roughly five million cardmembers and more than 100,000 merchant customers nationwide.
What we do
We provide credit cards, recreational loans, deposit accounts, merchant services and bank sponsorships to consumers and businesses. As a leader in non-prime lending and merchant acquiring, we combine innovative technology with data-driven insights to help underserved consumers build and strengthen credit while delivering integrated, scalable payment solutions for businesses.
Merrick Bank ranks among the top 20 FDIC®-insured credit card issuers in the U.S. and among the top 15 merchant acquirers by transaction volume.
Position Summary and Role Impact:
The Director, Loss Forecasting & CECL serves as a subject matter expert responsible for executing and enhancing the credit loss forecasting and allowance for credit losses (ACL/CECL) framework across consumer lending portfolios. This role independently performs complex quantitative analyses to assess portfolio performance, forecast expected credit losses, evaluate reserve adequacy, and support management decision-making.
The Director partners closely with Credit Risk, Finance, Accounting, Model Risk Management, and business stakeholders to evaluate emerging portfolio trends, assess macroeconomic impacts on expected credit losses, support reserve methodology enhancements and reserve governance activities. This position is a highly analytical individual contributor role requiring deep expertise in consumer credit risk, and data analytics.
Essential Functions:
The main responsibilities are:
CECL Forecasting & Analytics
Execute quarterly CECL reserve estimation and forecasting processes for consumer lending portfolios.
Perform detailed analyses of expected credit losses, reserve drivers, and quarter-over-quarter changes in ACL balances.
Evaluate portfolio performance trends and identify key drivers impacting forecasted losses and reserve levels.
Assess the impact of macroeconomic forecasts, scenario weighting approaches, and portfolio assumptions on reserve estimates.
Develop reserve attribution analyses and supporting recommendations for management review.
Support qualitative adjustment assessments through quantitative and qualitative analysis of emerging risks and portfolio trends.
Model Monitoring & Methodology Enhancement
Perform model monitoring, back-testing, benchmarking, and sensitivity analyses to evaluate forecasting performance and reserve reasonableness.
Assess differences between model projections and actual portfolio outcomes and identify potential drivers of forecast deviations.
Recommend enhancements to forecasting methodologies, assumptions, segmentation strategies, and analytical approaches as needed.
Support model development, validation, implementation, and ongoing monitoring activities
Governance & Audit Support
Prepare analytical materials and supporting documentation for reserve governance committees and management reviews.
Maintain documentation supporting reserve methodologies, assumptions, judgments, and controls.
Support internal audit, model validation, regulatory, and external audit requests.
Ensure compliance with CECL policy, governance standards, and regulatory expectations.
Requirements for Success:
Education & Experience:
Bachelor's degree in Finance, Economics, Statistics, Mathematics, Accounting, Data Analytics, or any quantitative field.
5+ years of experience in consumer credit risk, financial analysis, portfolio analytics, or equivalent financial services experience
Preference for experience supporting CECL, reserve estimation techniques, loss…