Senior Manager, Credit Analytics & Financial Modeling

About Us

Live Oak Bank is a digital bank that serves small business owners across the country.  Our groundbreaking spin on service and technology has fueled our mission to be America’s Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money.  At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream.

How This Role Impacts Live Oak and its People

Manages the planning, development and execution of the Bank’s CECL model, testing and monitoring of the Bank’s Credit Risk Rating scorecards and analysis and reporting of performance across the Bank’s portfolio of loans and leases. 

What You’ll Do at Live Oak

• Model Oversight:

  • Manages all aspects of the CECL process including model planning, development and execution of quantitative and qualitative components of the ACL, quarterly Provision calculation and documentation, model enhancements, back testing, stress testing, and validation with internal and external audit partners.  

  • Prepares and presents CECL reporting and meeting materials including model performance, model enhancements and model forecasts and model output to Bank’s ACL committee. 

  • Perform regular testing and monitoring of the Bank’s existing credit risk rating scorecards, including providing analytical support to Credit department during the development of new credit risk rating scorecards.

• Portfolio Analytics:  

  • Develops and maintains data analytics supporting the Bank’s CECL model and Credit Risk Rating scorecards.

  • Provides insight into the Bank’s portfolio through both regular and ad hoc reporting of performance to Bank’s senior leadership team.

• Safety & Soundness:  

  • Develops and monitors the operation of appropriate controls related to execution of the ACL model.  

  • Provides support related to all CECL audits including regulatory exams, internal loan review, model validations, and external audit.  

  • Responsible for maintaining the CECL model document for the Bank. 

  • Reviews and appropriately suggest changes to the language in regulatory reporting including the Bank’s 10-Q and 10-K filings related to CECL model. 

  • Proactively self-identify potential risks or control deficiencies and works with the Financial Reporting and Control, Model Risk Management, and Internal Audit teams to implement processes to manage identified or emerging risks.

How You’ll Do It 

• Manages the day-to-day operations of the CECL model and Credit Risk Rating Scorecards.   Develops and maintain data models to support recurring and ad hoc reporting of portfolio activity.  Maintains policy and procedures and controls related to CECL model to ensure best practices are achieved. 

Required and Preferred Experience

• Relevant undergraduate degree (business, finance, statistics, mathematics, data science, accounting etc.)

• 5+ years of experience working with Credit and Finance Models

• Experience in the regulatory body of work that addresses Credit Risk and Credit Models.

• Experience in Excel, Python, or other tools to complete statistical and data analysis supporting the development and enhancement of Credit Models

• Able to communicate effectively through written and oral communication with the Senior Leadership Team.

• Effective at working with a team of highly skilled Credit Analytics and Financial Modelling professionals.

Our Values

• Dedication: Possess a deep commitment to Live Oak Bank’s mission and core values, exemplified through a strong work ethic, adaptability and pride in your work.

• Ownership: Take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.

• Respect: Treat everyone wi.th courtesy, politeness, and kindness.

• Innovation: Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.

• Teamwork: Foster collaboration, accountability, and trust with others and understand that together, we do more

For a detailed overview of our employee