Title: Commercial Credit Scorecard
Location: CALIFORNIA-SAN FRANCISCO
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Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $84 billion at September 30, 2011. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 404 full-service branches in California, Washington, Oregon and Texas, as well as two international offices, on September 30, 2011. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. Visitwww.unionbank.comfor more information.
Job Summary:
Owner of Commercial Credit Scorecard Methodology; Manage a team of quantitative analysts; Oversee development of Commercial Credit Scorecards, templates or risk assessment tools to provide complete coverage of the commercial credit loan portfolio; Ongoing management of scorecards, including maintenance, enhancement, calibration, monitoring, back-testing, benchmarking and validation Ongoing scorecard analytics, management, regulatory interaction and reporting
Major Responsibilities:
Oversee scorecard development, testing and validation;
Ensure complete knowledge transfer in-house if external vendor is used in development process;
Responsible for initial and ongoing audit of scorecards and scorecard validation;
Testing and Reviewing the performance of all scorecards, determination of modifications and enhancements needed, and execution of such changes
Continuous evaluation of the possible refinement or expansion of the number of scorecards and execution of recommended changes
Remediate issues raised during the audit or validation process;
Primary point of contact for all scorecard methodology related questions, including MRMU, IRMG, Credit Exam, Audit, OCC/regulators;
Train, coach and develop quantitative analysts; review and approve work products;
Provide input into any policy changes required as a result of usage of the scorecards
Develop and produce ongoing reporting on scorecard trends, performance, or issues to key constituents;
Stay abreast of evolving best practice in the industry for scorecard methodologies and research developments
Additional Information:
* Masters degree (or higher) in statistics/finance/quantitative field, plus at least 10 years of related experience in the financial services industry.
* Broad range of analytical skills, including: quantitative methods, statistical analysis and computermodeling;
* Strong understanding of scorecard and risk measurement tool development methodology and intuitive understanding of pragmatic choices;
* Strong knowledge of risk management, including both measurement and management principles;
* Strong understanding of the bank's lending policies and procedures;
* Familiarity with portfolio credit risk management concepts and tools;
* Fully conversant on issues and current trends related to credit analysis;
* Strong knowledge of Basel II regulatory requirements;
* Strong communication skills, both written and verbal;
* Collaborative working style with ability to build consensus
* Ability to build, inspire and maintain management confidence
Become part of a team where community, diversity, and exceptional service are part of everyone's job. Invest in you!
Union Bank offers a competitive compensation and benefits package including a 401K plan. Pre-employment background screening is required for all positions.
Union Bank is committed to leveraging the diverse backgrounds, perspectives, and experiences of our workforce to create opportunities for our people and our business. EOE. M/F/D/V
