Start Date
Immediate
Expiry Date
02 Nov, 25
Salary
0.0
Posted On
03 Aug, 25
Experience
0 year(s) or above
Remote Job
Yes
Telecommute
Yes
Sponsor Visa
No
Skills
Mathematics, Disabilities, Models, Leadership, Eligibility, Life Insurance, Accounting Software, Mechanics, Presentation Skills, Savings Accounts, Connections, Management Skills, Financial Management Experience, Finance, Regulatory Capital, Market Analysis
Industry
Financial Services
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PLEASE REVIEW THE FOLLOWING JOB DESCRIPTION:
The position is a senior leadership role within Truist’s Capital Adequacy and Resolution Planning division, focusing on financial management and analysis of Truist’s capital stress testing and internal capital adequacy assessment processes. The position will lead cross-functional efforts to assess and report on Truist’s financial performance under a range of macroeconomic conditions, and will own the management and execution of the FR Y-14A templates that are submitted to regulators as a part of the annual Capital Plan submission.
REQUIRED QUALIFICATIONS:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor’s Degree in Finance, Engineering, Science, Mathematics, or related fields
2. At least twelve years of senior level financial management experience that includes progressive supervisory responsibilities with experience leading high performing teams
3. Excellent leadership and management skills, with experience building relationships across a complex, diverse organization
4. Significant experience with key regulatory reports and requirements, including but not limited to FR Y-9C, FR Y-14A, FR Y-14Q, and FR Y-14M
5. Comprehensive knowledge of regulatory capital requirements, stress testing methodologies and financial forecasting techniques, and related information aggregation and reporting processes
6. Proficient in Essbase/Hyperion, EPM/BPC, or other enterprise accounting software
7. An in-depth understanding of mechanics and dynamic of bank balance sheets and associated exposures. Demonstrated understanding of impacts to regulatory capital under severe macroeconomic stress scenarios
8. Deep financial analysis experience, including assessments of profitability and performance under different macroeconomic scenarios
9. Experience with developing forecasting approaches (models, EUCs) that meet regulatory and other stakeholder expectations
10. Proven track record of leading change management initiatives while developing innovative solutions to large complex issues
11. Extensive knowledge of banking products and lines of business
12. Strong presentation skills and experience interacting with key internal and external stakeholders
PREFERRED QUALIFICATIONS:
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Perform comprehensive financial analysis for consolidated- and product-level financial projections under different macroeconomic scenarios; ensure key elements of macroeconomic scenarios are incorporated into forecast results across different forecast workstream areas
2. Develop and maintain financial management tools for accurate and timely reporting and analysis of stress test results, including presentations for senior and executive management during the review and challenge process as well as summary information included in Truist’s Capital Plan
3. Support the implementation of a robust sensitivity analysis framework and associated range of outcomes to assess Truist’s financial performance and capital adequacy under a range of macroeconomic scenarios
4. Develop and maintain processes and controls to accurately report starting actuals and forecast projections for the FR Y-14A and DFAST-14A during CCAR stress test events. Manage information capture process and maintain centralized financial projections and related information related to stress test forecast results. Ensure that up- and down-stream data is accurately adjusted to meet all regulatory reporting requirements.
5. Oversee and lead teammates that support FR Y-14A reporting. Establish goals and clear expectations for analysts supporting regulatory reporting activities as well as initiatives to overhaul key management reporting processes.
6. Establish reporting and data requirements and communicate expectations with CCAR forecast owners during the stress testing reporting cycle to effectively and accurately capture forecast results. Ensure tie-in with forecast results throughout the process to understand and be able to identify possible report discrepancies. Establish processes with CCAR forecast owners to evaluate and attest to the accuracy of the data transformation from managed to 14A view.
7. Institute effective controls and review processes to develop accurate regulatory reports and summary reporting to improve management reliance on the reports submitted. Develop appropriate reporting and presentations to notify management of results, assumptions, and limitations in the production of FR Y-14A and DFAST-14A reports
8. Lead engagement with cross-functional stakeholders such as Enterprise Risk Management, Strategic Finance, Client Profitability, Corporate Strategy and other areas to ensure capital adequacy and stressed capital is incorporated into enterprise-wide risk assessments, profitability measurement and management frameworks and other planning functions as necessary
9. Engage business partners and Executive Leadership to develop relationships, meet business needs, and lead the integration of financial and strategic planning to support robust and cohesive financial risk decisions.