Investment Portfolio Technology Director
Wells Fargo
Cloud
Vice President, Finance Regulatory Basel Policy and Capital Analysis
State Street
full-time
Posted on:
Location Type: Hybrid
Location: Boston • Connecticut, Massachusetts, New Jersey • 🇺🇸 United States
Visit company websiteSalary
💰 $130,000 - $205,000 per year
Job Level
Lead
About the role
- Monitor regulatory developments released by the U.S. banking agencies and the Basel Committee on Banking Supervision and proactively evaluate their impact on the Bank’s capital ratios
- Develop analyses in support of the Bank’s advocacy effort to the FRB, FDIC and OCC concerning regulatory changes that have substantial capital implications
- Collaborate with the Regulatory Affairs group and engage with industry forums to recommend enhancements to proposed regulations
- Provide rule interpretation and technical expertise to various functions across the organization, including with respect to the treatment of new products and of the restructuring of existing deals
- Collaborate with various functions to identify and execute capital optimization initiatives through enhanced interpretations, data improvements or contract amendments
- Assist business units with ad-hoc RWA modeling requests and provide meaningful inputs to assess the profitability of the Bank’s activities in the future
- Maintain and enhance the Basel policy framework as new product offerings are designed and new regulations are issued by the U.S. banking agencies
- Perform an ongoing assessment of the Bank’s RWA treatments; identify potential weaknesses, escalate and remediate them to strengthen the Basel program
- Guide team members in performing quantitative analyses to produce materials presented to the FRB/senior management
- Develop policy materials/memos addressing key interpretive matters
- Engage in strategic Basel related analytical projects pertaining to RWA and Leverage Ratios
- Lead team members in developing analytical frameworks to support the organization in analyzing and quantifying the impact of upcoming regulations
Requirements
- Bachelor’s in Finance, Economics or a related field
- Master’s in Finance or Business Administration, CFA/CPA preferred
- Eight or more years of experience in the banking/financial services industry with an advanced knowledge of banking industry products, services and capital markets activities
- Advanced knowledge of the U.S. capital rules and of the upcoming Basel IV framework, incl. an understanding of risk management aspects (e.g., credit market and operational risk)
- Proficient in PowerPoint, Word, Excel and other similar tools
Benefits
- Generous medical care
- Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
- Retirement savings plan (401K) with company match
- Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
- Access to our Employee Assistance Program
- Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
- Eligibility for certain tax advantaged savings plans
- Flexible Work Program to help you match your needs
- Development programs and educational support to help you reach your full potential
- Paid volunteer days
- Matching gift program
- Access to employee networks that help you stay connected
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
RWA modelingcapital optimizationquantitative analysisrule interpretationBasel policy frameworkrisk managementBasel IV frameworkdata improvementsanalytical frameworkscapital ratios
Soft skills
collaborationleadershipcommunicationstrategic thinkingproblem-solvingadvocacytechnical expertiseteam guidanceanalytical thinkingengagement
Certifications
CFACPA
