Comprehensive Capital Analysis Review ( CCAR ) is a semi-annual US Federal Reserve regulatory submission. It is used to ensure that institutions have robust, forward-looking capital planning processes that account for their unique risks and sufficient capital to continue operations throughout times of economic and financial stress.
- As part of CCAR, the Federal Reserve evaluates institutions' capital adequacy, internal capital adequacy assessment processes, and their plans to make capital distributions, such as dividend payments or stock repurchases.
- CCAR includes a supervisory stress test to support the Federal Reserve's analysis of the adequacy of the firms' capital.
- Boards of directors of the institutions are required each year to review and approve capital plans before submitting them to the Federal Reserve.
- As a part of the CCAR Team, the Manager / AVP will support all CCAR initiatives and submissions through data capture, consolidation, transformation, reconciliation and analysis.
The responsibilities include :
- Manage modeling efforts to construct high-level driver based tool for scenario analysis and used for Comprehensive Capital Analysis & Review ( CCAR ) submissions
- Coordinate activities for CCAR, including liaising with business units, risk and treasury
- Work in conjunction with Corporate coverage teams to build models underlying scenario analysis tool and to drive model improvements
- Present stress test and other scenarios to corporate senior management
- Ability to build key relationships with finance and business teams
- Must be able to present technical matters in a way that is meaningful to the audience
- Broad and deep understanding of accounting principles ( both GAAP and RAP ), investment, accrual products and corporate finance concepts
- Highly motivated, participative team player with a change agent mentality that can provide leadership
- Ability to influence people and empower team members to be proactive and focused on partnerships and results
Qualifications :
- 4-7 years of relevant finance / business / accounting / statistical experience in financial services
- MBA/Masters in Economics, Finance, Accounting or related discipline
- Working knowledge of Statistics ( linear regressions ), SAS programming, Excel pivot tables, and Access database management
- Excellent presentation skills; the ability to translate complex financial schedules into meaningful presentations is critical; demonstrated analytical skills including the ability to synthesize quantitative and qualitative data to draw conclusions and assist on decision making
- Ability to build key cross functional and cross business relationships
- Must be able to present technical matters in a way that is meaningful to the audience
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