Job Summary The Capital Planning Risk Manager is responsible for evaluating all material risks as noted within the Capital Plan for the Bank and measuring how those risks affect the Bank's overall capital adequacy. In addition, the Capital Planning Risk Manager is responsible for producing management reports that are forward-looking in identifying the Bank's projected risk levels as compared to Board approved risk tolerances, strategic goals and the budget that may affect targeted capital adequacy and/or key risk metrics. Must also be able to produce ad-hoc quantitative and qualitative assessments to support management requests. Lastly, will be responsible in developing a structured capital planning process that will require to continually keep current the ICAA framework document and support the preparation of the Capital Plan.
Assists and supports the Director of CPST in developing, implementing and coordinating the risk management functions of the Capital Adequacy Process.
Ensures policy alignment within the Capital Plan, Capital Policy, RAS, Strategic Plan and Stress Test Policy and other areas that have second order impact.
Coordinates, tracks and reports from a risk perspective the regulatory findings and other efforts relating to Capital Planning & Adequacy.
Monitors and reports all relevant regulatory requirements and changes.
Evaluates internal controls testing results as it relates to Capital Planning & Finance procedures, processes and controls.
Assists in the establishment and administration of the enterprise-wide limit setting and methodologies (within the RAS) and related monitoring, tracking and reporting.
Works in coordination with the Director of CPST on the Bank's direction for SIFI readiness including Enhanced Prudential Standards Gap Assessment.
Primary authority of Risk Identification and Qualifications.
Produces and prepares required reports to be utilized for Capital Assessment Committee.
Aggregates on behalf of Finance findings and issues from ERM, MRM, IA and Regulators creating a synergy across the organization relating to capital.
Assists the Director of CPST with the development of a forward-looking capital planning process which includes incorporating changes from the Strategic Plan, Risk Tolerance Levels, Budget, and Stress Testing Process and any other factors (i.e. economic and financial) that materially affect capital adequacy.
Works with the CPST Directory to identify and evaluate material risks in the capital planning process by considering both quantitative and qualitative factors.
Incorporates the results of stress testing into capital planning in quantifying potential impact of identified risks on earnings and capital adequacy.
Produces reporting that considers important factors to the Bank's capital risk profile such as; concentration levels, composition and sources of capital, asset quality, allowance adequacy, balance sheet structure, liquidity needs and interest rate risk, dividend practices and supervisory requirements for corrective action.
Ensures capital policy reflects the regulatory guidelines and expectations of the Board which includes capital goals, targets, and contingency plan commensurate with the Bank's risk profile and business model.
Ensures integrity, objectivity and consistency through the capital planning and stress testing process by maintaining an Internal Capital Adequacy and Assessment Program (ICAAP).
Reviews key performance indicators/metrics and assists CFO in the early identification of risk trends.
Employs governance and management processes surrounding ICAAP.
Ensures existing and new capital and stress testing related regulatory rules that have been proposed and enacted (i.e. Dodd-Frank Act) are reviewed and adopted.
Utilizes excellent communication skills, both written and verbal, to communicate complex issues in a simple manner to management, executives, and respective committees.
Integrates NYCB's capital (economic & regulatory) related analytics into one centralized unit.
Provides oversight control on internal reporting processes that drive capital results.
Serves as a liaison with Capital Modeling Team.
Establishes and drives process rigor for capital related reporting.
Ensures appropriateness of models and analytics tools used for capital.
Develops and manages "best-in-class" capital adequacy system.
Provides and drives capital perspective in all various decision-making processes.
Follows risk management approach; responsible for analyzing capital needs and usage (sources/uses) from all types of risks associated with the Bank.
Provides thought leadership in various capital analytics/modeling functions.
Drives full infusion of the capital elements into the ICAAP process.
Serves as a liaison between CPST Manager and Modeling Team.
Collaborates with ALLM, BSM Teams.
Establishes and maintains on-going transparent communications with the Director of CPST to achieve in-depth full understanding of RWA process, capital allocation (limit setting) methodology, the Strategic Plan, Stress Test Policy and RAS.
Provides oversight of the B--- RWA and Capital Reporting processes.
Provides oversight of the development and production of ICAAP reporting for the Director of CPST and CAC.
Ensures timely and accurate reporting and communication of Capital and Risk Appetite limits.
Performs trend analysis on RWA and capital drivers.
Provides analysis/explanation of the changes and impacts going forward.
Provides a pro-forma based capital metrics and analyses of any potential data quality issues and potential overlays and buffers.
Participates in driving accurate RWA projections for DFAST.
Supports DFAST Team in developing RWA and capital projections along with the explanation for the changes and impact to capital.
Drives process rigor ensuring robust controls.
Produces variance analysis reports.
Develops and applies the capital framework to assist in decision-making.
Performs analytics to understand efficiency of capital usage of existing products and customer segments and providing insights.
Performs peer benchmarking.
Continuously seeks and presents opportunities to improve capital process.
Determines the most impacted risk partner impacting risk profile.
Utilizes excellent communication/influence skills to clearly communicate complex information both written and verbally, including reports; presentations; group facilitation skills; ability to develop strong professional relationships; and networking internally/externally.
Uses interpersonal skills with an ability to partner effectively across all levels, including the CFO/CAO and other key executives of the organization and develops positive and strong working relationships.
Provides conceptual thinking and analytical skills with the ability to analyze complex problems that include interrelationships and dependencies in order to identify common themes and solutions.
Performs special projects, and additional duties and responsibilities as required.
Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.
ADDITIONAL ACCOUNTABILITIES
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
Required Qualifications:
Education level required: Undergraduate Degree (4 years or equivalent) in Business Administration, Accounting, Finance or related field or equivalent relevant experience in risk analysis.
Minimum experience required: 7+ Years of professional experience in financial institution capital planning and stress testing.
Extensive knowledge of capital, stress testing-assumptions-methodologies, dynamic forecasting, predictive risk measurement-monitoring-and-reporting, deposit stability assessment, contingency, funding plans, early warning indicators, peer trend analysis and multiple entity reporting.
Minimum of five (5) years of analytical experience.
Minimum of two (2) years of experience in economic capital analytics and reporting.
Hands-on experience with SAS, SQL, and Excel programming.
Preferred Qualifications:
Education level preferred: Master's Degree (or Postgraduate equivalent) in Finance, Economics or Finance Engineering preferred.
Job Competencies:
Working knowledge of statistical modeling.
Strong presentation skills.
Strong technical writing skills and experience in preparing documentation for regulatory review.
Able to work effectively in a collaborative working environment.
Strong people-management skills.
Extensive knowledge of capital, stress testing-assumptions-methodologies, dynamic forecasting, predictive risk measurement-monitoring-and-reporting, deposit stability assessment, contingency funding plans, early warning indicators, peer trend analysis and multiple entity reporting.
Strong knowledge of banking including but not limited to; capital, compliance/ regulatory, market, liquidity, interest rate, and strategic risks.
Comprehensive knowledge of industry, market, economic and regulatory developments as they relate to the overall impact to the Bank.
Thorough knowledge of capital planning.
Computer literate with proficiency in word processing, spreadsheet and database applications.
Strong verbal, written and interpersonal communication skills.
Strong analytical skills.
Strong problem resolution skills.
Ability to handle multiple tasks simultaneously and meet established deadlines.
Ability to develop and maintain strong working relationships with all levels of management.
Ability to train, delegate, motivate and review the work of staff.
Ability to prioritize and organize work assignments for a work group.
Travel Requirements: Less than 10%
Physical demands (ADA): No unusual physical exertion is involved.
