CCAR PPNR Finance
Main Function of the Job
The CCAR framework will be multi-year project, impacting multiple entities within, ultimately resulting in full CCAR for the IHC. Significant effort will be required to conduct the stress test and comply with other requirements around the following:
- Company run stress testing including policies and procedures
- Estimates of projected revenues, losses, reserves and pro forma capital levels
- Supporting documentation for analyses used in capital plan
- Regulatory Reporting of results and supporting documentation
- Effective governance – Board and Senior Management Oversight
- Internal Audit review o Model validation and model risk governance
- Effective challenge framework
- Base and stress projection capabilities will need to be built/enhanced, considerations including:
- Leveraging of Group versus new local processes
- Tactical analyses versus strategic solutions
Main Duties and Responsibilities
- Assist in the development of the business architecture required to support the CCAR process across the IHC
- Assist in performing the detailed data gap assessment to support PPNR Forecasting
- Work as part of the PPNR team consisting of: the business, Product Control and the modeling team to assess and challenge the assumptions and approach used in forecasting.
- Assist in developing the BRD and FRD for the PPNR model development and execution
- Perform execution of the models, Coordinate the data aggregation within various infrastructure areas within the IHC (i.e. Front Office,
- Regulatory Control, Product Control, Risk, and Treasury) to complete the forecasting and cross function hand-offs.
- Assist in the development of a CCAR data quality process and monitoring framework
- Assist in developing a data governance and attestation framework for the CCAR program
- Assist in the development of robust internal controls including policies and procedures; change control; comprehensive documentation; model validation; and review by IA
Basic Qualifications
Bachelor of Science/Business Administration degree in Economics, Finance or Accounting
- Preferred Qualifications
- Product Control experience
- Knowledge of investment banking product and market
- Strong communications skills
- Strong analytical and problem solving skills
- Strong focus on internal controls
- Commitment to meeting deadlines
- Knowledge of CCAR/DFAST