Operational Risk Capital Analyst, Vice President

Who we are looking for

The Vice President, Operational Risk Capital Analyst, is a key contributor within the Operational Risk Capital, Stress Testing and Scenario Analysis team. This team has responsibility for executing the Comprehensive Capital Analysis and Review (CCAR) stress test for the operational risk workstream, executing internal stress testing and capital adequacy programs, producing operational risk capital estimates in support of the Advanced Measurement Approach (AMA), preparing for implementation of the Basel 3 Endgame requirements, and owns the models and related scenario analysis methodology that support execution of the operational risk component of the ICAAP/ICARA process globally.

The role reports to the Managing Director – Capital Analysis, Stress Testing & Scenario Analysis.

The role will require the incumbent to interface with a diverse group of stakeholders; including senior management, risk and control owners, Business Executives, Audit and regulators to achieve risk measurement and risk management objectives.

The role requires someone who has some prior exposure to global regulatory requirements, supervisory guidance and industry best practices related to capital planning and stress testing. The role requires some experience with designing and implementing capital estimation and stress testing programs. The role requires excellent communication and partnership skills in order to influence a wide variety of stakeholders.

Key Responsibilities include:

• Contribute to the quantitative assessment of operational risk including the maintenance and execution of the capital model
• Collaborate with model development/analytics teams to meet internal and regulatory review, validation and audit needs
• Contribute to the execution of various capital stress testing programs including CCAR, internal capital adequacy, stress testing
• Supports the model owner for models that contribute to the ICAAP/ICARA process, partner with model analytics team to develop and maintain these models, and develop and maintain the scenario analysis methodology that is leveraged globally to produce loss estimates that serve as key inputs to the ICAAP/ICARA models
• Facilitate scenario analysis workshops designed to derive both risk management and risk measurement value
• Provide reporting and insights on the Bank’s exposure to operational risk, including peer benchmarking
• Contribute to the preparation of regulatory reporting
• Enter and validate capital program data for downstream use in Archer, VENA, CME and other applications
• Ensure that key processes and controls are thoroughly documented and executed in line with Corporate standards

• Minimum of at least 8 years of experience in financial services; operational risk / Finance focus preferred
• Conceptual thinking skills must be complemented by a strong qualitative orientation
• Impeccable written and oral communication credentials,
• Prior exposure to scenario analysis, stress testing, regulatory reporting and operational risk capital
• Demonstrated experience driving consensus between competing opinions and objectives across a diverse group of stakeholders with varying levels of expertise
• Familiarity with SR 15-18 supervisory expectations for capital planning
• Detail oriented with a demonstrated ability to independently manage and prioritize a book of work spanning multiple strategic priorities
• Strategic thinker with a demonstrated ability to distill complex, ambiguous information to create effective solutions and insights for leaders
• Ability to quickly analyze the status quo and identify opportunities for continuous improvement or re-engineering
• Equivalent to a university degree in business, accounting, finance or related field. Additional academic degree (e.g., MBA, doctorate) beneficial but not required

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger…