VP Allowance For Credit Losses

Job Description

Come Work With Us:

Metropolitan Commercial Bank (“MCB” or the “Bank”) is a New York City–based, full-service commercial bank providing tailored banking solutions to businesses, institutions, and individuals. Founded in 1999, MCB operates banking centers in Manhattan and Boro Park, Brooklyn, within New York City, as well as in Great Neck on Long Island, New York, and Lakewood, New Jersey. The Bank recently expanded to Miami, Florida with their newest Brickell banking center.

Metropolitan Commercial Bank offers a comprehensive suite of commercial, business, and personal banking products and services to small businesses, middle-market and corporate enterprises, private and public institutions, municipalities, and local government entities.

The Bank has earned national recognition for its financial performance, innovation, and strategic growth. The Bank was named one of Newsweek’s Best Regional Banks in 2024 and 2025. Additionally, MCB recently received Editor’s Choice recognition at the Banking Tech Awards USA for Digital Onboarding & Omnichannel Banking and in 2026, the Bank earned Great Place To Work certification and received the Web Award Standard of Excellence for MCBankNY.com.

We are a client-focused organization that values technological innovation and excellence. A strong technical mindset, AI fluency, and adaptive skills are essential for our employees to effectively contribute to our mission and drive our success. We foster human–AI teaming and strong governance to ensure technology is used responsibly and in alignment with Bank policies and procedures. For more information about the Bank, please visit the Bank’s website at MCBankNY.com.

Position Summary:

The Vice President, Allowance for Credit Losses (“ACL”) with strong technical expertise, and proven capabilities in model risk management, financial reporting, and data management, will be responsible for developing, maintaining, and enhancing the Bank’s Allowance for Credit Loss framework in compliance with US GAAP and regulatory guidance (e.g., SR 11-7). This position provides exposure to MCB’s Finance function and Management Committee governing the ACL. The VP will be expected to meaningfully contribute to projects and tasks while working closely with teams across the Bank including Accounting, Treasury, Credit Risk, Enterprise Risk, Internal Audit. Specific responsibilities include the continuous evaluation and monitoring of the suitability  of the Bank’s third party ACL models, as well as managing the quarterly production cycle that involves  data collection, analyzing and challenging key inputs and quarterly results, preparing results for presentation to management committees, peer analysis, and documentation of internal controls.

The successful candidate for this role will be a proactive and analytical individual with a solid understanding of risk management principles, excellent communication skills, and the ability to work collaboratively in a dynamic environment. This role reports to the Finance, Financial Reporting Manager and will be based in New York City.

Standard 4-day in-office requirement, 1 day remote (of your choosing)

Essential Functions & Responsibilities

• Manage the quarterly CECL ACL process including maintaining production schedule, data collection, monitoring vendor model updates and macroeconomic forecasts, analyzing and challenging quarterly results, preparing results for presentation to executive management, and documentation of internal controls.
• Prepare the CECL Committee materials including documentation of meeting minutes.
• Maintain CECL analysis & reporting spreadsheets and assist in enhancing reporting processes and automation.
• Manage the creation and maintenance of the ACL Policy and desktop procedures.
• Perform continuous evaluation and monitoring of the suitability  of the Bank’s third party ACL models. Perform peer analysis and monitor CECL assumptions and key credit quality metrics.
• Ensure compliance with SR 11-7, CECL, and other regulatory guidance.
• Interface with model risk validation, internal and external auditors, and regulators performing reviews and control testing over the CECL Allowance process.
• Prepare ad hoc financial analyses and reports as needed to support decision-making.

Qualifications & Skills:

• Bachelor’s degree in Finance, Accounting, Economics, Statistics, Data Science, or related field. Master’s degree a plus.
• 10+ years of relevant financial services experience within a bank or consulting firm.
• Overall understanding of finance and US GAAP accounting principles.
• Financial modeling, analytical, and organizational skills, with keen attention to detail.
• Excellent verbal and written communication skills; and presentation skills, desired.
• Proficient in Microsoft Office focus on Excel, Word & PowerPoint.
• Experience with S&P Global Capital IQ database preferred.
• Knowledge of Federal Reserve and other regulatory agency ACL modelling requirements.
• Driven by a passion and curiosity to continuously learn how various technological systems, including AI, can enhance the work that you do.

Potential Salary: $200,000 - $230,000 annually

This salary range reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law. Final offer amounts are determined by multiple factors including candidate experience and expertise and may vary from the amounts listed here.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.