- The position will support key initiatives related to the planning and eventual transition to Basel III regulatory capital requirements
- This includes establishment of data requirements and sourcing, rule interpretation and supporting documentation, impact analysis and incorporation into the companies broader financial performance management framework
- Supports Basel III transition program, including program and project management and associated governance requirements and engagement with key stakeholders (including senior and executive leadership, regulatory agencies)
- Leads comprehensive assessment of Notice of Proposed Rulemaking, including the development of a rule interpretation database, creation of a current-state data assessment and gap analysis, and pro-forma financial assessment
- Develops business requirements to implement an effective reporting and calculation framework
- Engages with stakeholders to develop future-state operating model
- Bachelors Degree in Finance, Accounting, Mathematics, or related fields
- 7+ years of senior analyst level experience working with Basel 3
- In-depth knowledge of the U.S. 'Basel 3 Endgame rules and at least the current U.S. 'Basel 3 rules. It is sufficient to know the Credit Risk part.
- Deep experience with Corporate Treasury and Capital Management, as well as related disciplines impacting Capital Management and financial reporting frameworks, including data management and reporting controls
- Comprehensive knowledge of regulatory capital and risk-weighted asset requirements and related expectations regarding regulatory reporting; ability to develop and implement effective governance structures to ensure regulatory and internal stakeholder expectations are met
- Experience engaging with cross-functional teams to effectively implement a robust documentation, review and challenge framework across an integrated stress testing framework
- In depth knowledge of large bank regulatory framework
- Experience with supporting complex data management initiatives
- Ability to build consensus across the organization through effective communication of complex subject matter
- Proven track record of leading change management initiatives while developing innovative solutions to large complex issues
- Extensive knowledge of banking products and lines of business
- Strong presentation skills and experience interacting with key internal and external stakeholders
- Experience with incorporating automation and data science to improve efficiency across various functions
Basel III Consultant - New York, United States - Lenmar Consulting
Description
Overview
The resource would work intensively with Transaction Policy Group on the interpretation of the new U.S. 'Basel 3 Endgame regulation and writing policies. He/she would also engage in comparing the U.S. regulation with the current U.S. 'Basel 3 rules and with European equivalent regulation, CRR3 (Capital Requirements Regulation 3).
Responsibilities
Qualifications
If you believe you're a suitable fit for this position, please apply directly with your most updated resume. Our organization values effective communication, although it's important to understand that we may not always be able to provide application updates to every candidate. If, following a review of your profile, we identify you as a potential match, a recruiter will contact you directly to discuss your candidacy.