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|Title:||Lead Director - CCAR/DFAST|
|Job Location:||Pine Bluff, Arkansas - United States|
|Salary:||$140,000.00 - $205,000.00 - US Dollars - Yearly|
|Employer Will Recruit From:||Nationwide|
The Lead Director - CCAR/DFAST will be part of the Capital Management and Stress Testing team and will play a critical role in expansion of the client’s CCAR/DFAST program and managing deliverables. This role will involve expansion of processes, frameworks, governance, documentation, controls, and reporting to meet the stress testing requirements. This position will require the individual to learn and understand the CCAR/DFAST requirements, perform a gap assessment against the existing processes, and systematically build the various building blocks required to have a robust, sustainable, and effective CCAR/DFAST process.
The role would involve but not be limited to creating economic scenarios for stress testing, establishing governance framework for management and board oversight, establishing effective internal controls, overseeing the development of more sophisticated modeling and forecasting techniques, integrating the outputs from different teams to create an integrated forecast, reporting and socializing the results with Senior Management, Partnering with the Capital Teams to determine capital actions, and quarterbacking the management of the CCAR/DFAST program.
The team and the role have high visibility to Executive Management. The role provides an opportunity to get exposure to a wide range of areas – Treasury, Portfolio Management, Accounting, Regulatory Reporting, Stress Testing, Interest Risk Management, Credit, etc.
The ideal candidate should have robust teambuilding skills, be able to think quickly on their feet, and work in a structured manner within a sometimes ambiguous and sometimes time constrained environment. The candidate should be able to work effectively and collaboratively with other teams. The candidate should be able to function with a high degree of autonomy and ownership.
- Take ownership of the current DFAST submission process, identify improvements, and create and execute on a plan to deliver a comprehensive, accurate, effective, and timely submission
- Determine the structure, flow, and organization of the Capital Plan narrative and supporting documentation. Assemble the capital plan and supporting documents, and review the documents for accuracy, flow, and internal consistency. Assist in getting Board approval of Capital Plan
- Implement validation checks to ensure accuracy and consistency within/across DFAST templates
- Partner with the modeling team to identify gaps in existing models
- Generate, socialize, review, and get approval of the framework for designing scenarios for CCAR/DFAST
- Determine and document approach for and governance of incorporation of additional material risks beyond the economic scenarios into the CCAR/DFAST forecast
- Determine and document the approach for and governance of determination of management actions under stress
- Determine and document the approach for and governance of incorporation of first and second line challenges and judgement overlays into the final results
- Work with the Capital Teams to determine the baseline capital actions and stress capital actions, and get board approval of the capital actions
- Integrate and compile the P&L, Balance Sheet and Capital results
- Create materials that summarize and socialize the results and assist in getting board approval of methodology, assumption, weaknesses, and results
- Assist in determining the management oversight structure for stress testing
- Generate effective internal controls for stress testing
- Assist in managing the calendar for stress testing
- Identify gaps and create project plan to remediate gaps and make improvements to future CCAR/DFAST programs
- Analyze the impact of new proposals and new rules that change the stress testing regulatory environment
- Should preferably have CCAR/DFAST experience
- Should have at least 6 years professional experience in Finance related roles focused on forecasting and financial planning
- Must have robust writing, verbal and interpersonal skills, with the ability to translate broad financial concepts into understandable messages for senior management
- Must have very strong excel skills
- Must be able to create word documents that are structured and convey a cohesive story, and meet regulatory requirements
- Ability to independently manage large aspects of the CCAR/DFAST program
- Must have teambuilding skills
- Must be able to work in a structured manner within a sometimes ambiguous and sometimes time constrained environment. Must be able to adjust to new, different, or changing requirements
- Work effectively and collaboratively with other teams
- Function with a high degree of autonomy and ownership
- Bachelor degree in Finance, Accounting, Economics or another business-related field. MBA preferred.
University - Bachelor's Degree/3-4 Year Degree