Regulatory Capital Management Office (RCMO) oversees the end-to-end capital measurement, implementation, calculation and attribution process across the Firm. RCMO is an arm of the Corporate Finance function and partners with functional groups across the Firm including Market Risk, Model Risk & Review, and line-of-business finance to establish control and governance around best practices and accountability for the Regulatory Capital process. RCMO is also responsible for interfacing directly with the regulators on capital-related issues and guiding the business on decisions related to capital efficiency.
The Basel Measurement& Analytics (BM&A) group within RCMO is responsible for calculating, analyzing and reporting firm wide risk-weighted assets (RWA). RWA measures feed into corporate functions to quantify and determine regulatory capital requirements and support external regulatory filings and disclosures. The team oversees the implementation of Basel 3 requirements and enhancements to the Basel reporting infrastructure in compliance with internal capital policy and guidance. In addition, RCMO BM&A supports impact analysis on methodology changes driven by new rule proposals, the RWA component of CCAR, resolution & recovery, Pillar 2 ICAAP and Pillar 3 disclosures and quantitative impact studies (QIS) for regulatory agencies.
The Retail Credit RWA member is responsible for production and analysis of risk weighted assets for traditional credit products. The candidate will work closely with Lines of Business, Regulatory Reporting & Analysis, Technology, Regulatory Policy and Capital Middle Office to advance the Firm’s capital agenda.
Specific responsibilities include:
Perform deliverables related to the monthly production cycle for RWA calculation and reporting
Analyse RWA trends and forecast-to-actual variances
Prepare submissions to external regulatory filing deliverables including the FR Y-9C, FFIEC 101 and Pillar 3.
Perform impact analysis for methodology, rule and other production changes.
Work on technology release testing to onboard production to target state platform.
Partner with risk management, lines of business and technology teams to identify and remediate data quality issues.
Perform quarterly stress testing to support CCAR, ICAAP and Risk Appetite deliverables.
Perform quantitative impact studies (QIS) for regulatory agencies.
Meet Sarbanes-Oxley (SOX) compliance and audit requirements.
4-6 years of relevant experience, background in financial institution or accounting firm preferred.
Qualified accountant or student preferred (CPA/CFA/FRM/ACA)
Working knowledge of banking products and/or Basel rules would be a bonus
Prior experience of SAS or SQL for modelling would be a bonus though not necessary
Strong analytical and problem solving skills, with focus on controls
Ability to multi-task and work under pressure, both independently and as a team player
Good interpersonal skills to collaborate effectively with cross-functional groups
Good oral and written communication skills
Proficiency in MS Office product suite (Excel, Word, Access, and PowerPoint) required.
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