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Enterprise Capital Management - Finance Manager

New York, New York;

Job Description:

The Finance Manager is part of the Enterprise Capital Management (ECM) team and drives the timely and accurate computation of the company’s regulatory capital; researches to determine causes of unanticipated capital changes; end-to-end review, analysis, and implementation of new capital regulations; and ad-hoc analytical reporting to senior management and regulatory agencies. Success requires understanding of regulatory capital and accounting rules and the ability to formulate means by which answers may be derived from large sets of data. Tools that the group manages calculate the amount of capital required to support the asset holdings of the Bank. In addition, the Finance Manager will play a key role, as part of a project team, in the implementation of the new Basel IV (B4) and Fundamental Review of the Trading Book (FRTB) regulatory requirements. The individual in this role will gain expertise in the new body of rules replacing the current capital regulations and have a unique opportunity to make a strategic impact on the company.

ECM is a global team of more than 100 professionals responsible for the efficient and prudent management of the Corporation's as well as its subsidiaries' capital across the enterprise globally. ECM implements the Board’s capital management strategy including issuance, redemption or repurchase of common stock and other capital instruments. ECM works closely with lines of business and guides them to efficiently and proactively manage the enterprise's capital including design and implementation of capital allocation methodologies. ECM also recommends capital related financial resource limits to senior management. In addition, ECM produces and monitors regulatory and internal economic capital metrics including capital adequacy ratios, leverage exposure and risk-weighted assets and oversees the end to end capital measurement process across the enterprise. Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings‎. ECM interfaces with banking regulators globally on all capital related matters.

Responsibilities:

  • Responsible for building out new daily Risk Weighted Assets calculations and capabilities under B4/FRTB

  • Conduct and document gap assessment of current data, calculations, and controls against new regulatory requirements

  • Document business requirements for technology applications and partner with technology organization on solution development

  • Serve as subject matter expert and educate business partners on new regulatory capital requirements and drive cross-team deliverables

  • Drive new and enhanced B4/FRTB data sourcing, and oversee delivery to meet tight timelines

  • Build and test of new/enhanced data controls, metadata, and lineage

  • Facilitate data issue resolution and documentation of compensating controls

  • Conduct capital-related analytics using SQL and Python

  • Design, source data, and develop new internal and management reporting packages

  • Design and conduct User Acceptance Testing (UAT) of new calculations against regulatory requirements

  • Document revisions to process, controls, and desktop procedures

  • Support project plans and project management deliverables

  • Manage with influence, remove roadblocks, work on a multi-layer, cross-functional high-visibility projects

Required Skills and Experience:

  • Advanced degree in engineering, computer science, math, or statistics - or related work experience

  • 8+ years of experience with quantitative methods applied to finance and banking

  • Proficient in advanced SQL, significant experience in working with large databases; data mining capability

  • Proficient in Python

  • Quantitative modeling experience a plus

  • Hands-on, in-depth experience with traded products, including derivatives, trading securities, securitizations, complex products and structures

  • Experience in regulatory capital and capital reporting

  • Experience as a team leader in translating complex, quantitative regulatory requirements into business requirements for technology applications; system development experience a plus

  • Demonstrated role as a subject-matter expert in field of expertise

  • Report analysis, design, and development

  • Proven leader who has already successfully managed large-scale technology solutions, and driven solutions across various groups and levels of an organization

  • Proven ability to lead and influence

  • Strong written communication skills, including presenting technical information, writing procedures and controls

​​

This role may be filled as a Capital Management - Finance Manager or a Capital Management - Senior Financial Analyst based on skills and experience.

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

2000

Job Description:

The Finance Manager is part of the Enterprise Capital Management (ECM) team and drives the timely and accurate computation of the company’s regulatory capital; researches to determine causes of unanticipated capital changes; end-to-end review, analysis, and implementation of new capital regulations; and ad-hoc analytical reporting to senior management and regulatory agencies. Success requires understanding of regulatory capital and accounting rules and the ability to formulate means by which answers may be derived from large sets of data. Tools that the group manages calculate the amount of capital required to support the asset holdings of the Bank. In addition, the Finance Manager will play a key role, as part of a project team, in the implementation of the new Basel IV (B4) and Fundamental Review of the Trading Book (FRTB) regulatory requirements. The individual in this role will gain expertise in the new body of rules replacing the current capital regulations and have a unique opportunity to make a strategic impact on the company.

ECM is a global team of more than 100 professionals responsible for the efficient and prudent management of the Corporation's as well as its subsidiaries' capital across the enterprise globally. ECM implements the Board’s capital management strategy including issuance, redemption or repurchase of common stock and other capital instruments. ECM works closely with lines of business and guides them to efficiently and proactively manage the enterprise's capital including design and implementation of capital allocation methodologies. ECM also recommends capital related financial resource limits to senior management. In addition, ECM produces and monitors regulatory and internal economic capital metrics including capital adequacy ratios, leverage exposure and risk-weighted assets and oversees the end to end capital measurement process across the enterprise. Partnering with other control functions, ECM manages external disclosures related to capital management including 10Q, 10K, Pillar 3 disclosures and other regulatory filings‎. ECM interfaces with banking regulators globally on all capital related matters.

Responsibilities:

  • Responsible for building out new daily Risk Weighted Assets calculations and capabilities under B4/FRTB

  • Conduct and document gap assessment of current data, calculations, and controls against new regulatory requirements

  • Document business requirements for technology applications and partner with technology organization on solution development

  • Serve as subject matter expert and educate business partners on new regulatory capital requirements and drive cross-team deliverables

  • Drive new and enhanced B4/FRTB data sourcing, and oversee delivery to meet tight timelines

  • Build and test of new/enhanced data controls, metadata, and lineage

  • Facilitate data issue resolution and documentation of compensating controls

  • Conduct capital-related analytics using SQL and Python

  • Design, source data, and develop new internal and management reporting packages

  • Design and conduct User Acceptance Testing (UAT) of new calculations against regulatory requirements

  • Document revisions to process, controls, and desktop procedures

  • Support project plans and project management deliverables

  • Manage with influence, remove roadblocks, work on a multi-layer, cross-functional high-visibility projects

Required Skills and Experience:

  • Advanced degree in engineering, computer science, math, or statistics - or related work experience

  • 8+ years of experience with quantitative methods applied to finance and banking

  • Proficient in advanced SQL, significant experience in working with large databases; data mining capability

  • Proficient in Python

  • Quantitative modeling experience a plus

  • Hands-on, in-depth experience with traded products, including derivatives, trading securities, securitizations, complex products and structures

  • Experience in regulatory capital and capital reporting

  • Experience as a team leader in translating complex, quantitative regulatory requirements into business requirements for technology applications; system development experience a plus

  • Demonstrated role as a subject-matter expert in field of expertise

  • Report analysis, design, and development

  • Proven leader who has already successfully managed large-scale technology solutions, and driven solutions across various groups and levels of an organization

  • Proven ability to lead and influence

  • Strong written communication skills, including presenting technical information, writing procedures and controls

​​

This role may be filled as a Capital Management - Finance Manager or a Capital Management - Senior Financial Analyst based on skills and experience.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21064873

Band: H4

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Joanna Blake

Referral Bonus:

2000