CCAR Model Development

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CCAR Model Development

Elixir Consulting

Mumbai INR 11 - 34 LPA Experience : 4 - 11 YRS. Openings: 5

Details:

  • Comprehensive Capital Analysis Review (CCAR) is a semi-annual US Federal Reserve regulatory submission.
  • It is used to ensure that institutions have robust, forward-looking capital planning processes that account for their unique risks and sufficient capital to continue operations throughout times of economic and financial stress.
  • As part of CCAR, the Federal Reserve evaluates institutions' capital adequacy, internal capital adequacy assessment processes, and their plans to make capital distributions, such as dividend payments or stock repurchases.
  • CCAR includes a supervisory stress test to support the Federal Reserve's analysis of the adequacy of the firms' capital.
  • Boards of directors of the institutions are required each year to review and approve capital plans before submitting them to the Federal Reserve.

Min. Qualification:

  • Bachelor’s/University degree or equivalent experience

Skills Required:

SAS, Model Development, CCAR

Roles:

  • As a part of the CCAR Team, the Manager/AVP will support all CCAR initiatives and submissions through data capture, consolidation, transformation, reconciliation and analysis.
  • Manage modeling efforts to construct high-level driver based tool for scenario analysis and used for Comprehensive Capital Analysis and Review (CCAR) submissions.
  • Coordinate COE FPandA activities for CCAR, including liaising with business units, risk and treasury.
  • Work in conjunction with Corporate FPandA coverage teams to build models underlying scenario analysis tool and to drive model improvements.
  • Present stress test and other scenarios to corporate FPandA senior management.
  • Ability to build key relationships with finance and business teams.
  • Must be able to present technical matters in a way that is meaningful to the audience.
  • Broad and deep understanding of accounting principles (both GAAP and RAP), investment, accrual products and corporate finance concepts.
  • Highly motivated, participative team player with a change agent mentality that can provide leadership.
  • Ability to influence people and empower team members to be proactive and focused on partnerships and results.
  • 4-7 years of relevant finance/business/accounting/statistical experience in financial services.
  • MBA/Masters in Economics, Finance, Accounting or related discipline
  • Working knowledge of Statistics (linear regressions), SAS programming, Excel pivot tables, and Access database management.
  • Excellent presentation skills; the ability to translate complex financial schedules into meaningful presentations is critical; demonstrated analytical skills including the ability to synthesize quantitative and qualitative data to draw conclusions and assist on decision making.
  • Ability to build key cross functional and cross business relationships.

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