Capital Adequacy-strategic Initiatives Associate jobs at Truist in United States, Charlotte

Regular or Temporary:

English (Required)

1st shift (United States of America)

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. Working with the LOB leader to develop business strategy and drive performance
2. Serving as a trusted advisor and extension of leadership in providing vision, direction, and expertise to identify, prioritize, and execute initiatives and key deliverables
3. Leading meetings, advisory councils, and steering committees to facilitate decision-making and support implementation of recommendations aligned with LOB objectives
4. Driving the agenda and approach for operating routines including LOB leadership meetings and business reviews
5. Preparing presentations for LOB leader, including regular town halls, leadership meetings, and leadership offsites
6. Executing on “run the business” activities including meetings, events & client engagement, business overviews, headcount tracking and management, HR initiatives, etc.
7. Partnering with functional partners including finance, HR, credit & risk management, legal & compliance, marketing & communications, events, and technology
8. Partner with leadership, HR, and sales enablement teams to ensure compensation & incentive structures are aligned to business strategies
9. Creating a culture of collaboration and trust through frequent and transparent communication, professionalism, and respect

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. 12+ years overall experience and background in strategic planning, consulting, and investment banking preferred
2. Prior experience and/or understanding of Wholesale Banking fundamentals, including product and service capabilities, organizational structure and alignment, and internal process/systems/data
3. 4+ years of credit, portfolio, and/or relationship management experience
4. Strong knowledge and experience in strategic planning and execution, including creating and executing comprehensive plans associated with business mergers, conversions, product changes, technology releases, policy changes, and line of business strategic plans
5. Strong critical thinking skills combined with strategic business focus
6. Proven ability to cultivate strong relationships and execute growth initiatives across lines of business including commercial banking, commercial real estate, corporate & investment banking, and wealth management
7. Ability to influence, partner, and negotiate with senior business leaders to resolve conflicts and gain commitment to accomplish business goals
8. Demonstrated experience fostering strong partnership, promoting teamwork, and building an inclusive culture
9. Ability to articulate issues, risks, and proposed solutions to various levels of staff and management
10. Sense of urgency and ability to multi-task and manage competing projects in a deadline-driven environment
11. Excellent verbal, written, and interpersonal communication skills
12. Passion for results and personal accountability for achievement
13. Ability to translate and present complex data in a manner that educates, enhances understanding, and influences decisions
14. Advanced skills in data visualization and storytelling
15. Ability to successfully operate in a complex and matrixed environment

Regular or Temporary:

English (Required)

1st shift (United States of America)Please review the following job description:Technical accounting subject matter expert responsible for effectively communicating and ensuring the enterprise’s proper understanding and appropriate implementation of accounting policies and practices in accordance with the extremely complex and dynamic accounting principles generally accepted in the United States (GAAP) and subject to effective internal controls in connection with the SOX and FDICIA programs. Provide expert advice on a broad range of complex accounting and financial reporting issues to the Finance organization and other senior leaders.

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. Serve as an effective business partner and informed advisor in collaborating across the organization in achieving financial reporting that (i) complies with GAAP, (ii) is transparent, (iii) is representationally faithful to the business objective and economics of the underlying transaction or activity and (iv) is produced in a well-controlled, practical and operationally sustainable manner.
2. Research appropriate accounting treatment and provide well-informed advice for complex transactions or financial matters for Truist Financial Corporation and its subsidiaries to ensure compliance with GAAP, regulatory reporting and affiliate transaction requirements. Such complex issues include but are not limited to acquisitions, divestitures, credit losses, hedge accounting, transfers and variable interests.
3. Support the accounting and reporting for highly complex transactions. Responsibilities include accurate financial reporting and adequate internal controls, preventing or detecting financial reporting fraud and ensuring that Truist complies with applicable Accounting Policies and Standards.

4. Closely monitor the standard setting process of the Financial Accounting Standards Board ("FASB,") and United States Securities and Exchange Commission ("SEC,"), as well as the Federal Deposit Insurance Corporation ("FDIC") and the Federal Reserve Board ("FRB") as applicable to bank accounting and reporting, to ensure that all relevant proposed changes to GAAP and other reporting requirements are understood and the impacts communicated to senior leaders timely.
5. Oversee the implementation of new accounting or external reporting requirements, which includes development of accounting, regulatory reporting and affiliate transaction policies and standards, design of operational processes necessary to ensure full compliance with any new requirements, and the development of the related internal control framework related to these new processes.

6. Prepare and/or revise accounting policies and procedures to effectively manage the risk of GAAP non-compliance by reflecting new accounting pronouncements or guidance, improving clarity or responding to changing circumstances.

7. Proactively provide counsel to senior leaders and financial management on complex accounting and external reporting issues. Provide accounting guidance in response to inquiries from auditors, regulators and others regarding specific transactions, issues and other matters.

8. Ensure the design and implementation of adequate processes and controls to comply with relevant GAAP such as to prevent deficiencies in internal control over financial reporting. Support the Risk Management Organization through the effective identification, measurement, communication and mitigation of GAAP risk in adherence with requirements.

9. Prepare and review of relevant sections of the SEC Forms 10-K and 10-Q for compliance with GAAP, including disclosure checklists. Review drafts of the quarterly press release, Forms 10-K and 10-Q, and other regulatory reporting in compliance with GAAP and regulatory requirements.

10. Participate in various banking organizations via periodic meetings and committees. Use industry contacts to assess accounting standard and regulatory reporting implementation efforts. Participate in peer-bank accounting policy forums and industry professional organizations to discuss and influence significant accounting policy issues for the banking industry. Draft comments on proposed new accounting standards and regulatory reporting rulemaking, as applicable.

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 Accounting, Finance or equivalent education and related training
2. Certified Public Accountant (CPA) designation; strong technical accounting knowledge
3. Twelve years of relevant accounting or accounting policy experience
4. Intelligent, strong and decisive leadership within an organization because of high integrity, intellectual clarity, and a passion for excellence; strong leadership abilities including proactive thinking and teamwork to drive the best business decisions
5. Strong personal and professional ethics with impeccable integrity
6. High energy level and strong work ethic to meet the demands of a fast paced, goal driven environment; results orientation, which includes meeting commitments, performance metrics, and targeted and required delivery dates
7. Self-motivated with the ability to work without supervision; ability to work under difficult time constraints and manage multiple resources, priorities and projects
8. Strong team orientation: eagerness to pitch in and help larger teams meet goals and responsibilities
9. Excellent technical and research skills; excellent communication and presentation skills; excellent critical and conceptual thinking, problem solving ability and analytical skills; excellent interpersonal skills across internal and external organizational levels
10. Demonstrated proficiency in computer applications, such as Microsoft Office software products, with an emphasis on spreadsheet, word processing and database software

Preferred Qualifications:

1. Master's or advanced degree in Business or Accountancy
2. Prior experience working for a large, SEC-registered financial institution or senior manager-level public accountant with extensive bank experience

Regular or Temporary:

English (Required)

1st shift (United States of America)

Essential Duties and Responsibilities

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.

• Perform, review and identify calculation issues on escrow analyses on various escrow accounts.
• Facilitate disbursements of property tax payments and insurance/MIP premium payments on commercial loans.
• Communicate with borrowers and explain including shortages, payment issues, escrow analyses, surplus refunds and other loan servicing issues.
• Work in a fast paced environment and be willing to assist others on the team as well as other departments.
• Interact with other groups to accomplish various tasks.

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.

• Bachelor’s degree or equivalent education and related training
• Good written and verbal communication skills
• Ability to efficiently and consistently produce accurate work
• Good organizational and problem-solving skills
• Ability to multi-task in a high-paced environment with heavy interaction with borrowers
• Ability to work in both a team or individual environment
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
• Ability to travel, occasionally overnight

Preferred Qualifications:

• Mortgage Banking experience
• Knowledge of commercial loan servicing

Regular or Temporary:

English (Required)

1st shift (United States of America)

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.

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

1. Advanced degree (e.g., masters) in Finance, Engineering, Science, Mathematics, or related fields
2. Leadership in capital planning functions at a global systemically important bank (GSIB)
3. Industry designations such as Chartered Financial Analyst (CFA), Financial Risk Manager (FRM)
4. Experience developing financial methodologies that align with management reporting hierarchies
5. Broad network of external resources and connections to facilitate industry insight, peer comparisons, and market analysis

Regular or Temporary:

English (Required)

1st shift (United States of America)
Please review the following job description:Assist in the development and execution of capital and RWA forecasts for the monthly forecast process, annual plan, and stress testing forecasts. Assist in the development of the annual Capital Plan (and related capital actions) and periodically conduct analysis of enterprise-wide stress test results for Truist and peers, ensuring methodologies incorporate all applicable regulatory and policy requirements.

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. Execute the monthly capital planning process (or more frequent as needed) including generation of the capital and RWA forecasts, preparation of committee materials, preparation of internal and external (i.e., regulatory) reporting requirements, and preparation of quarterly corporate dividend and earnings package for capital

2. Assist in the execution of capital and RWA forecasting responsibilities for stress testing processes and submissions, including preparation of challenge and committee materials, generation and submission of the annual capital plan, and completion of the requisite submission templates.

3. Lead small projects and ad-hoc analysis as needed, while playing significant role in larger more complex initiatives

4. Monitor Notices of Proposed Rulemaking (NPRs) impacting capital planning and stay abreast of industry research and changing regulatory considerations.

5. Execute risk controls for the capital planning processes, ensuring appropriate documentation; make process improvements as needed to processes and controls.

6. Create, modify, and / or execute forecasting models to perform complex ad-hoc capital analysis within tight time windows; present findings to team members and make recommendations as applicable.

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 business, accounting, economics, finance or equivalent education and related training

2. Five years of banking or equivalent relevant experience

3. Working knowledge of statistics, financial forecasting techniques, finance theory and application, discounted cash flow analysis, economic value added (EVA) analysis, project analysis, capital budgeting theory, and cost of capital theory

4. Working knowledge of principles, practices, theories, and/or methodologies associated with the regulatory capital, stress testing or resolution planning disciplines. Familiar with foundational concepts of other related professional disciplines

5. Proven competency in Excel and PowerPoint

6. Ability to travel as needed, occasionally overnight

Preferred Qualifications:

1. Master's degree, MBA or professional designation (e.g., CFA, FRM)

2. Three years of analytical experience in the Corporate Treasury function

3. Working knowledge of bank financial statements and impact to capital

4. Understanding of bank regulation related to capital planning

5. Strong communication skills, both verbal and written

Regular or Temporary:

English (Required)

1st shift (United States of America)

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.

• Analyze and monitor interest rate risk exposure across the bank’s balance sheet, focusing on net interest income (NII) and economic value of equity (EVE)
• Support the development and execution of interest rate scenarios and assumption sensitivity tests to evaluate potential impacts
• Prepare and present regular and ad-hoc analysis to senior management and relevant committees
• Build, maintain, and enhance Excel-based tools used for risk analysis, scenario testing, and reporting
• Enhance existing ALM and risk reporting processes to improve automation, accuracy, and usability
• Develop and maintain data quality and model integrity for risk systems and reporting tools
• Ensure all documentation is updated and in compliance with company policies

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.

• 7+ years of experience in banking or a related field
• 5+ years in Asset Liability Management (ALM)
• Ability to interact at all levels of management.
• Excellent analytical skills and knowledge of bank's balance sheet.
• Demonstrated proficiency in basic computer applications, such as Microsoft Office.

Preferred Qualifications:

• A Masters of Business Administration (MBA), Chartered Financial Analyst (CFA), or Certified Public Accountant (CPA) Designation
• QRM experience
• General ledger experience
• VB (Visual Basic) experience
• Ability to work effectively, as well as independently, in a team environment
• Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
• Knowledge and understanding of asset liability or liquidity management software, especially QRM
• Strong analytical skills with high attention to detail and accuracy
• Hyperion Essbase experience
• Ability to successfully operate in a complex and matrixed environment

Regular or Temporary:

English (Required)

1st shift (United States of America)

Essential Duties and Responsibilities

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. Assist with the establishment of data risk policies, standards, guidelines and best practices for the Bank regarding design and structure of control frameworks.

2. Develop data testing procedures and templates for various Regulatory Reports.

3. Analyze data within assigned enterprise data entities compared to source information to assess the accuracy and correctness of data.

4. Provide subject matter expertise in the planning and execution of data risk management activities such as data risk prioritization, data quality and central data risk management.

5. Subject matter expert on accounting and regulatory reporting requirements, and reporting processes for assigned area of responsibility.

6. Make informed recommendations for remediation to the Data Assessment Director, as appropriate.

7. Identify, compare and escalate identified data quality issues.

8. Utilize tools to analyze data according to defined business rules and procedures.

9. Document and publish data quality errors.

10. Communicate data quality non-compliance to data stewards and business users.

11. Update reports, track and publish data quality assessments.

12. Research and review regulatory guidance and apply to framework.

13. Represent the Data Assessment Director at enterprise-level projects relating to data governance or quality assurance, as appropriate.

14. Complete second level review work of loan level data assessments for other team members.

15. Instruct, direct and mentor other members of the team.

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 Business Administration, Information Systems or related field, or equivalent education and related training.

2. Five to eight years of banking experience with an emphasis on second line of defense efforts.

3. Basic knowledge of balance sheet, income statement and cash flow information.

4. Ability to understand business rules and data lineage, work with varying data formats, and develop metrics to monitor data quality.

5. Previous experience in credit decisioning, managing credit risks, or portfolio management.

6. Ability to work independently or as a member of a team.

7. Ability to lead and direct team members in completion of complex projects.

8. Excellent verbal and written communication skills.

9. Strong analytical skills.

10. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.

11. Knowledge of relevant laws and regulations affecting data quality and governance.

12. Ability to travel, occasionally overnight.

Preferred Qualifications:

1. Four years of commercial lending experience.

2. Experience in Truist lending functions.

4. Broad knowledge of underwriting, documentation and servicing across all types of lending activities including commercial loans, small commercial loans, retail loans and other types of specialized lending (e.g. mortgages, leasing), in addition to similar knowledge of non-lending functions.

5. Proficiency in Truist standard software packages.

6. Knowledge of data tools and platforms used for managing, storing, querying, testing, loading, and transformation of data (SAS, Informatica, Oracle, Teradata, Alteryx, Tableau, SQL, etc.).

7. Understanding of GAAP and SEC/Regulatory Reporting.

8. CPA/RMA/FRM/CFA or equivalent advanced risk certification.

9. Graduate Degree in Business,Information Systems or related field