Vacancy has expired
Show me jobs like this one| Job Ref: | 30418 |
| Industry: | Accounting/Finance |
| Job Type: | Full Time |
| State: | Illinois (IL) |
| City: | Bloomington |
| Employer: | State Farm Insurance |
| Post Date: | 02/03/2012 |
| Job Description: |
Why State Farm? Our commitment to customers makes us the No. 1 insurer of cars and homes in the United States and an insurance leader in Canada. This same commitment to our work force is how we got here and how we stay here. Our 90-year track record highlights State Farm as an employer of choice committed to providing career opportunities that last a lifetime. From diverse backgrounds and talent, to meaningful work and comprehensive benefits, :Like a good neighbor...: isn't just a slogan. It's who we are and how we do business. WHAT ARE THE DUTIES AND RESPONSIBILITIES OF THIS POSITION? Manages tactical implementations that support the strategies and goals of the Bank and/or enterprisePlans, organizes, coordinates, and manages work and resources within assigned area of responsibility to meet division, department, and enterprise goalsResponsible for salary administration, performance assessment and coaching, selection, training, and career development of reporting employeesManages staffing and controllable expenses to appropriate levels in correlation to the budget, business plan, and existing and anticipated business environmentMakes decisions impacting customer perceptions and retention and the financial performance of State Farm Bank and/or which have bank-wide impactDevelops and maintains positive relationships with business partners and customers internal and external to State FarmEnsures compliance with departmental and company policies, procedures, and practices WHAT KNOWLEDGE AND SKILLS ARE NEEDED TO BE SUCCESSFUL IN THIS POSITION? Draws upon broad experiences in unit or operational management (multiple roles, assignments, exposure to business partners and/or vendors) and demonstrates proven success in managing multiple/complex units, efforts and assignmentsProblem solving/decisionmaking is complex and may involve complicated variables and significant financial impactMay be assigned to lead units or special projects that have strategic implications or bank-wide/enterprise-wide impact ITEMS OF NOTE May require passing additional background checksMay work irregular hours based on workload and job requirementsMay be required to travel via commercial air or ground transportation and/or drive motor vehiclesExpected to maintain consistent product and procedure knowledge in assigned area and to understand practices and trends within the banking industry ADDITIONAL INFORMATION Desired Qualifications: -------- Advanced degree in economics, finance, or another quantitative discipline. -------- 5-10 years-------- experience with SAS or other modeling / statistical software, including building and implementing statistical models in a financial services organization. -------- 5-10 years-------- Financial Services experience desired. -------- 5-10 years-------- experience in managing and analyzing large amounts of data in a timely and effective manner. -------- Detailed understanding of bank lending and portfolio management processes and business dynamics. -------- Advanced research and business expertise required. Research and design experience in addition to statistical training required. Prefer experience with multiple Bank product lines and business areas. -------- Complete familiarity with techniques to ensure model validity and reliability as well as to ensure models are fair lending compliant. Must be able to appropriately document to meet regulatory requirements. -------- Ability to translate models into recommendations to help satisfy risk and financial objectives. -------- Extensive qualitative and quantitative methodological and statistical expertise required. -------- Strong background and experience in the creation of risk-based application and behavioral models and scorecards for use in pricing, underwriting, collections, and fraud detection within the Banking industry. -------- Predictive modeling; metrics and scorecard development; forecasting expertise -------- Experience with all forms of banking models (contact to recovery) within Finance and all product types (Treasury/Finance, Auto, Mortgage, Home Equity, Financial Cards, Deposits, Business/Commercial) is a significant plus -------- Stress Testing experience required -------- Strong understanding and application of OCC/Fed/FDIC/Basel regulations and guidance for Model Risk Management and Stress Testing. -------- Must be comfortable interacting with internal examiners and external regulators, compiling regulatory responses and processing exam requests. -------- Position requires a strong ability to build and maintain relationships. -------- Must have a passion for employee development. Must also be able to transfer knowledge/teach employees on the job. -------- Excellent presentation and writing skills required. Must be comfortable speaking to and writing for audiences ranging from executives to employees to professional groups. BENEFITS: TOTAL REWARDS Our Total Rewards benefits package includes: Competitive starting salary Annual merit reviews Annual bonus potential You may also be eligible to participate in Medical, Dental, Life and Disability Insurance, Vision, 401(k) Plan (Savings & Thrift in Canada), Credit Union, a fully funded retirement pension plan, and more. To search for more information on careers in the U.S., visit statefarm.com/careers. To search for more information on careers in Canada, visit statefarm.ca/careers. State Farm Insurance is an equal opportunity employer |
