FRTB Risk Policy SME - New York, United States - TSR Consulting Services, Inc.

Description

Our client, a leading financial company, is hiring a Risk Policy SME on a contract basis. Must be highly skilled in market risk, regulatory policies, and policy interpretation.

Job ID 78879

Deliver FRTB (Fundamental Review of Trading Book) outcomes, SME in brand new US market Risk Capital Rules. Ideal candidate will learn the FRTB rule text, interpret and then be able to answer questions regarding this. Someone who has an understanding of existing market risk rules would likely have the right mindset on how regulatory capital works.

• Location: Remote (NYC area preferred)
• Rate: $100-120/hour W2
• W2 ONLY

Summary:

This position provides an opportunity to join the US Global Regulatory Policy & Advisory team as a subject matter expert, with a focus on providing policy guidance on the Fundamental Review of the Trading Book ('FRTB') / new Market Risk capital requirements within the US Agencies' proposed adoption of the 'Basel III Endgame'.

• Specifically, the role will lead on the analysis and interpretation of FRTB in the US, with an expected emphasis on all aspects of the standardized measure, as well Trading Book / Banking boundary, and internal risk transfers.

Responsibilities:

• Track new policy developments and formulate Company's regulatory capital policies accordingly, providing detailed, actionable guidance, distributed to a wide range of stakeholders. The US GRPA team is responsible for monitoring new developments impacting the US prudential regulatory capital regime, as administered by the US Agencies - the Federal Reserve, OCC, and FDIC;
• Produce and review regulatory opinions on complex transactions and new products to ensure compliance with Group regulatory policies;
• Provide technical support and guidance to internal colleagues across all businesses and functions;
• Provide technical support on the implementation of new regulatory requirements;
• Drive Company's response to future regulatory developments and influence the external development of regulatory policy by writing public responses to new proposed standards and discussion papers;
• The Market Risk Regulatory Policy Manager will be responsible for leading on the development of a full library of policy interpretations which lay out Company's approach to aspects of the US FRTB rules which may be silent or ambiguous.

Required:

• Strong technical working knowledge of the prudential regulatory capital rules relating to the calculation of regulatory capital resources, RWAs, and the leverage ratio, with an emphasis on Market Risk RWAs and Market Risk Covered Positions;
• Excellent communication skills, both written and verbal, including the ability to diplomatically provide feedback on draft prudential regulation to both internal and external stakeholders;
• Strong problem solving skills;
• Strong Second Line of Defense / control mind-set with the ability to support other control functions that are responsible for ensuring the regulatory capital requirements are followed;
• Professional approach and presentation;
• Ability to work and thrive across a multi-location team of technical specialists;
• Professional approach and presentation, ability to manage a wide range of stakeholders including senior management across Finance, Risk, Front Office, and other areas
• In depth understanding of the regulatory treatment of a broad range of financial products, particular those within Company's Markets and Securities Services business lines
• Ability to act as an advisor and challenger to business lines and other control functions on all aspects of regulatory capital policy;
• Ability to formulate and articulate defensible interpretations of ambiguous rule text; and
• Ability to prioritize competing deliverables for a broad range of stakeholders.