Basel III RWA Remediation - Vice President

Our client operates in the Financial sector, with its headquarters rooted strongly in the United States. It has its branches spread to more than 160 countries, providing employment to more than 200k people all over the world. They fall in the Top 15 largest Banks in the United States. Its core business is to provide various Banking and Financial services to its clients. It is known to have one of the biggest balance sheet banks in the world (among others) aiding it to offer 360-degree financial services to its clients.

Job role:

• The role will be part of the Capital Controllers Transformation team (CCT), which is accountable to ensure timely delivery of regulatory commitments under the consent order milestones related to Credit and Market risks. 
• This role will be responsible for leading day-to-day execution of the remediation work required to meet commitments established in the OCC and FRB Consent Orders relating to Spot RWA, as well the remediation required for business as usual and other Supervisory issues related to RWA. 

Responsibilities:

• Accountable for successful and timely delivery of RWA milestones and deliverables per consent order and BAU remediation across relevant RWA exposures covering modeled and non-modeled components. 
• This may include market risk, wholesale, retail, counterparty credit risk and securitization.
• Document and execute processes and controls, identify related gaps for calculation, aggregation and reporting (from authorized redistributors to reporting systems), including Standardized and Advanced Approaches, to demonstrate compliance with US Basel regulation and related supervisory guidance; and remediate any identified gaps through the ongoing issue management process
• Define, develop, and establish robust control processes that can effectively demonstrate US Basel III regulatory capital requirements are applied in an accurate and appropriate manner.
• Drive the diagnostics and remediation activities of a broad range of regulatory capital calculations that encompass governance, data and non-data controls, processes, system implementation and regulatory reporting.
• Manage the project and coordination with relevant stakeholders to ensure adherence to consent order milestones and deliverables.

Requirements:

Experience with transformation roles in Financial Institutions and reasonable understanding of Advanced and Standardized US regulatory capital rules for any of the following:

• Counterparty Credit Risk (Derivatives/Secured Financing Transactions)
• Retail and Wholesale Exposures
• Market Risk
• Securitization and Equity exposures
• Ability to define, articulate and re-engineer complex processes and procedures, with appropriate controls, and think both strategically and tactically while driving meticulous execution
• Exceptional oral communication and writing skills, with ability to synthesize complex concepts, and translate into "user-friendly" language for multiple audiences, including senior management, multiple internal constituents, and regulators
• Solid data analysis skill including advanced knowledge of Microsoft Excel and Access (or other database front-end query applications).
• Minimum 3-5 years’ experience in related field.
• Education Level: Bachelor’s Degree