EY FS-RC - FSRM CSTC SENIOR 

India, Karnataka, Bengaluru 

637530166

Description

Within FSRM, the Business Solutions team assists across end-to-end aspects of Capital management, CECL, IFRS9, SCCL, BASEL, Credit risk and ICAAP related activities:

• Key role involves producing critical deliverables to the senior management and regulators including EMEIA, US and APAC entities’ capital projections, Individual Capital Adequacy Assessment Process (ICAAP), capital aspects of Recovery & Resolution planning (RRP), as well as owning the ICAAP framework and standards, and having oversight of various regulatory requirements.
• Consulting and solutions delivery such as impact assessments, defining the target operating model, and integrated risk and finance reporting framework
• Understanding of counterparty credit exposure measurement for various products, mapping source data to internal monitoring reporting, e.g. Counterparty concentration Report; external regulatory reporting i.e. Large Exposure Frame (LEF) and Single Counterparty Credit Limit (SCCL); and supporting production related items.
• Quality assurance such as assessment of controls of the Banking industry and similar business lines covering regulatory reporting involving Basel/CRR/CECL/COREP/FINREP regulations or Pillar 2 / ICAAP framework
• Early identification and accurate analysis of prudential developments and influence on changes to the capital framework.
• Regulatory capital impact assessment in legal entity simplification initiatives, business re-organizations, new business initiatives and external commitments to regulators (especially with the PRA and ECB).

Key Responsibilities

• Develop proficiency in interpreting regulatory pronouncements related to SCCL, Y9C, 14A/14Q/14M and make compliance recommendations.
• Coordinate with various departments on recovery and resolution initiatives, analyze regulatory impacts on capital, and maintain documentation for capital forecasting.
• Support a complex reporting process to ensure accurate and timely documentation of RRP plans for various business lines, legal entities, and critical operations.
• Prepare and enhance playbooks for recovery, restructuring, and wind-down plans to operationalize strategies for Executive Management.
• Exposure to gap assessments, impact analysis and business readiness assessments for regulatory change management
• Ability to work with MS SQL Server based reporting tool to generate reports, decode any abnormalities observed in the results, and implement change requests based on requirements gathered from the clients in UK/ US / India
• Demonstrate deep technical capabilities and industry knowledge of financial products
• Lead components of large-scale client engagements and/or smaller client engagements while consistently delivering quality client services
• Review work products to ensure that the team consistently delivers high quality work
• Understand market trends and demands in the financial services sector and issues faced by clients by staying abreast of current business and industry trends relevant to the client's business
• Monitor progress, manage risk, and effectively communicate with key stakeholders regarding status, issues and key priorities to achieve expected outcomes
• Play an active role in mentoring junior consultants within the organization

Must-have:

• Master’s degree in business administration (finance, economics) with at least 8-10 years of relevant work experience of which 3-5 years IT Business Analyst experience
• Basic understanding of regulatory stress testing scenarios including Recovery and Resolution Planning framework and resolution capital metrics such as RCEN.
• Prior regulatory (enforcement and surveillance) experience with Federal Reserve Bank, Federal Reserve Board, CFPB, OCC, FDIC, SEC, NASD, NYSE, CFTC preferred
• Experience with written Supervisory Policies and Procedures as required by Banking and Securities regulators
• Knowledge of Risk Management, Regulatory Compliance and Financial Reporting
• Ability to liaise with business and technical teams of all levels including senior management
• Understanding/experience of databases and SQL
• Good knowledge of MS Visio, MS Project, JIRA and workflow tools
• Automation/innovation mindset
• Professional English language written and verbal skills
• Excellent communication skills

Good-to-have:

• Certifications such as FRM, CFA, PRM
• Regulatory knowledge/experience in areas such as Basel, CCAR, FRTB
• Risk management system knowledge/experience
• Willingness to travel to meet client needs
• Previous project management experience

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