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Capital Management, AVP
State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $32.9 trillion in assets under custody and administration and $2.95 trillion in assets under management as of September 30, 2019, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.
Job Description
The Capital Management group within Global Treasury is responsible for the following functional areas: Capital Policy, Capital Planning, Capital Structure, Rating Agency relationships, Stress Testing and end-to-end program management for the Federal Reserve’s annual Comprehensive Capital Analysis and Review (CCAR). Besides that the Capital Management team is responsible for coordinating and managing internal capital adequacy assessments (e.g. ICAAP) for various entities of State Street.
This position is within the Financial Modeling and Analytics Team in Capital Management and will be a key contributor to State Street’s CCAR and Recovery and Resolution Planning (RRP) submissions.
Primary duties and responsibilities:
- Design, own and maintain complex excel-based financial models for State Street’s RRP and CCAR executions
- Coordinate and support production process including collection of data inputs across work streams and staging for inclusion in CCAR and RRP models
- Produce and analyze stress results, encompassing preparation of meeting materials and presentation to working groups & management committees
- Collaborate with CCAR IT infrastructure to automate data collection, modeling and reporting processes
- Support requests from Audit, Model Validation Group, and other oversight teams to drive effective risk management
- Initiate process improvements across existing CCAR and RRP framework
- Prepare ad-hoc analyses as requested by senior management, with the ability to translate detailed information into concise, actionable items
Qualifications, skills and experience:
- Bachelor’s degree with a concentration in business, finance, economics or accounting
- Experience in financial services with exposure to PPNR, RRP, capital management, and capital forecasting, finance, or risk management
- Strong financial modeling and analytical skills with comfort building models and performing ad-hoc analyses
- High degree of attention to detail and focus on error-free execution
- Strong oral and written communication skills with the ability to convey complex concepts through presentations to diverse groups across the organization
- Proficient in MS Office, particularly Excel and PowerPoint
Job Description
The Basel Measurement and Analytics (BM&A) Team within the CIO Treasury function is responsible for partnering with JPMC functions, including Capital Management, Risk Management, Quantitative Risk, Risk Reporting, and the LOBs to establish control and govern best practices and accountability for the Regulatory Capital process. BM&A is responsible for producing firm-wide capital results on a monthly basis and oversees the implementation and reporting infrastructure for Basel 3 and other Capital-related requirements such as CCAR, Supplementary Leverage Ratio (SLR), Numerator, TLAC, etc. Furthermore, the team manages the Quantitative Impact Studies (QIS) for regulators and responds to senior management inquiries on capital-related matters.
The BM&A Associate position interfaces with LOB controllers to support the computation and analysis of risk-weighted assets (RWA) for the Available-for-sale (AFS) portfolio, Resolution & Recovery, and potentially other Wholesale Credit Risk products. The candidate will be responsible for producing RWA under Basel 3 rules, analyzing quarter-over-quarter changes in RWA, working with LOB controllers and Credit Officers to determine variance drivers such as portfolio changes, policy updates and capital treatment. The candidate will manage the adjustment process and be owner of data issue identification, tracking and resolution.
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Bachelor Degree required; Finance, Economics major preferred; advanced degree a plus
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- 3-5 years of treasury, financial or regulatory reporting experience at a large financial institution
- Experience in credit risk management and reporting
- Experience in a production or operations environment preferred
- Experience in project management preferred
- Experience with Basel regulatory capital rules preferred
- Experience driving large initiatives across multiple functional groups
- Strong problem solving and analytical skills, able to work independently
- Self-motivated individual who seeks a challenging role and can work independently
- Strong communication skills and relationship-building skills
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Excellent organizational skills and control focus
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Ability to work well under pressure
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Superior attention to detail and process-orientation
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Expert in Microsoft Access and Excel required
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Knowledge of Basel III rules a plus
Your role
- help manage and execute the end-to-end capital management (CCAR, DFAST, ICAAP) production process with the help of SME/ stakeholders across regions and functions
- manage production runbooks across all capital management initiatives
- ensure process efficiency and effectiveness
- drive process design and re-engineering
- facilitate collaboration between various functions and regions
Your team
Your expertise
- worked in a similar position before (project and/ or process management)
- an understanding of what it takes to run successful large-scale projects in financial services
- certificate in project management (e.g. PMP) and/ or process management (e.g. Six Sigma) are an advantage
- knowledge in CCAR is beneficial
- experience in an environment where no two days are the same
You are:
- goal oriented and with a strong commitment to accomplishing team and organization objectives
- a strong communicator (written and verbal), comfortable interacting with colleagues at all levels
- an expert at building networks and connections
- known for hitting deadlines
- able to deal with changing requirements and challenges
- creative and pragmatic in finding solutions
- able to facilitate and drive issue resolution and act responsibly and analytically in the event of stress and pressure
- knowledgeable in MS project
About us
We are about 60,000 employees in all major financial centers, in more than 50 countries. Do you want to be one of us?
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