Model Development Role - Investment Banking - CCAR

Hiring for leading investment banking firm | CCAR - Model Development

About the Role :

Primary Responsibilities :

- This position is a Quant profile to support the activities of the global Securities Services Planning & Analysis Group, sitting out of CIB P&A in Mumbai.

- The incumbent will be working in a team and be responsible for the design, engineering, industrialization and support of the Securities Services Quantitative Framework for the CCAR/ICAAP regulatory process, while also exploring opportunities to further leverage it into other activities such as the planning and forecast processes, ad hoc analysis for senior management and other strategic initiatives to support the businesses.

- At times, the individual will also be engaged in ongoing strategic projects which improve the firm's efficient utilization of liquidity, LCR and other Firmwide resources.

Job responsibilities will include :

CCAR/Risk Appetite:

a. CCAR Revenue Projections - Making revenue projections for Securities Services and submission to Central team for consolidation

b. CCAR Expenses Calculation (ex IC) - Ownership for the projection of the Expenses ex IC for the CCAR stress scenarios

c. CCAR Consolidated P&L - Consolidation of the CCAR financials to create the PnL view for the internal analysis as well as for the senior management reviews

d. Macros Economic Variables (MEVs) analysis for the current cycle vs the prior cycle and to understand its impact on the LOBs projection

e. Preparing the FRY - 14A PLBS schedule based on the Firmwide CCAR requirement and submission of the same

f. Performing the Variance Analysis, PQ0 - PQ1 analysis and providing the answers to the questions to the Central Teams post the submission

g. Preparing the CFO review presentation, Risk Appetite presentation, RC presentation

h. Analytical analysis of the data and provide the drivers and reasons for the variances

- Ensure hierarchy analysis to identify scenario nuances for CCAR and implications of hierarchy changes on team's processes

- Manage change management Eg. FRB reporting instruction changes and its implications, Corporate expense guidance changes etc.

- Active support in the CCAP audits, Internal audits for the CCAR and other processes

- Provide inputs on process re-engineering whereas possible in the BAU deliverables

- Up to Date control mechanism in the form of SOP's, UT management, control checks and audit trails

- Ensure identification and communication of possible bottlenecks, issues and at risk timelines and items

Desired Candidate Profile:

Qualifications:

- Bachelor's degree or equivalent in Accounting, Finance, Business Administration or related field. 5 -10 years of relevant experience in Stress Reporting, Liquidity Management, Treasury, Risk Management, Planning & Analysis, Reporting or Controller roles.

- Understanding of Investment Bank and its core lines of business is a plus

Key Skills:

- Experience of working on R/Python statistical, analytical and machine learning libraries.

- Integrated stress testing in CCAR FRY-14A projections and reporting and Strategic Planning

- Strong quantitative and analytical skills

- Inclination to adapt to technology initiatives. Knowledge of reporting tools (i.e. Xceptor, Qlikview and/or Alteryx) is a plus

- Ability to work with large databases

- Strong stakeholder management and excellent communication skills

- Results-orientated without compromising control and detail

- Strong Excel and PowerPoint skills are required

- Ability to handle multiple tasks simultaneously and efficiently

- Thrives on challenges in a fluid working environment

- Actively listens and assimilates broad ranging information quickly

Shift Timing : EMEA (2.30pm IST to 11.30pm IST