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.