The CCAR Regulatory Manager will be responsible for preparing and reviewing Comprehensive Capital Analysis and Review (CCAR) schedules. CCAR is a process completed by the Federal Reserve to ensure institutions have robust, forward-looking capital planning processes that account for unique risks and sufficient capital to continue operations throughout times of economic and financial stress.This Regulatory Manager will oversee the production of CCAR reports and enhance the governance framework to achieve greater standardization, consistency, and sustainability.
This position will work closely with the Sr. Manager, ensuring CCAR processes (FR Y14A, 14Q, 14M schedules) are produced timely, accurately and are complete.  The position has responsibility for CCAR related processes being compliant with current regulations, supported by documentation standards and with effective preventive and detective controls.   The position will liaise closely with the CCAR GPO, Corporate Reporting, Country/Product Risk and/or Controllers, Technology and Finance and will coordinate with counterparts in FRSS Centers.
This position has responsibility for the preparation, reconciliation and review of financial (i.e. actual) CCAR schedules; the process includes review of control points, support change management, and support the implementation of RegInsight platform combined with legacy processes.  The production framework has embedded controls to ensure data is reconciled and properly mapped to according to CCAR requirements.  The supervision will escalate issues and discrepancies noted in the production process for root cause remediation.
Description/Duties:
• Team building and leadership: develop and motivate a team of reporting professionals leveraging the FRSS Global model.
• Evaluate the production framework for FR Y-14A, 14Q and 14M schedules and establish effective working relationships with GPO, FRSS Global Head of Risk and Control.
• Responsible for the interaction with global risk reporting ensuring, variance analysis, reconciliations are prepared optimally.
• Represent FRSS as global liaison among Finance, Risk, FRI and Corporate Regulatory Reporting. Prioritize material issues and interface with operations units ensuring appropriate corrective actions are taken.
• Produce metrics for senior management highlighting key issues and remediation status, progress on strategic initiatives, maintain and enhance related operational and analytical procedures.
• Align key controls with operational processes and validate with MCA testing; identify opportunity to optimize processes.
• Responsible to develop and implement the reconciliation among different reports, including FR Y-9c, 14A and other reports.
• Effective communication: presentations to Senior Management, issue resolution with Technology.
Qualifications:
Required:
• Bachelor's degree and 6+ years of related work experience.
• Advanced Microsoft Excel Skills required.
• Previous Leadership/Management Experience
• Excellent analytical background and skill set to comprehend CCAR products and processes , including system data flows.
• Able to work with large volumes of data from different sources.
• Self-motivated with ability to make decisions and maintain a controlled environment.
• Willingness to work flexible hours or on an Alternative Work Space (AWS) environment.
• Ability to multi-task, be proactive and goal-oriented.
• Strong interpersonal/communication skills (oral and written) and confidence to work with different levels of management.
Preferred but not required:
• Masters of Business, Accounting or Economics; Certified Public Accountant or International Equivalent; Certified Financial Analyst.
• Previous experience with Lean Methodology / Six Sigma.
• Previous experience with SQL , Python or other data mining software preferred.
• Previous exposure to Basel or Country/Business Risk.
• Previous banking products experience or exposure.
• Previous Exposure to global processes and teamwork across various locations and cultures.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Finance
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Job Family:
Financial Reporting
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Time Type:
Full time
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Job Type: Full time