Capital Special Projects Manager - Basel Lead

Truist Bank • Charlotte, NC

1d • Onsite

About The Position

Assess implications of revised capital rules (including Basel III Endgame) on Truist’s capital management strategy and engage with appropriate stakeholders to effectively implement these strategies. Identify and execute process improvement initiatives, including improvements to controls and automation for data capture and flow, integration of off-the-shelf software (e.g., Axiom) to improve regulatory reporting processes, and effectively manage change initiatives arising from changing regulatory requirements. Identify and lead special project initiatives for Capital Management, including managing changes to processes, systems, and controls to comply with capital regulatory rule changes (Basel III endgame), implementing automation and data enhancements, and establishing governance processes to monitor trends within key input reports (i.e., FR Y-14Q/A) that impact stress test results and capital distribution capacity.

Requirements

• Bachelor’s degree in business, accounting, economics, finance or equivalent education and related training
• Ten years of banking or equivalent relevant experience
• Significant experience with key regulatory reports and requirements, including but not limited to FR Y-9C, FR Y-14A, FR Y-14Q, and FR Y-14M
• Experience with complex data lineage and data transfer implementation projects
• Ability to lead complex projects involving multiple stakeholders and complex data and implementation requirements
• Strong knowledge of regulatory reporting and impact to capital
• Understanding of bank regulation related to regulatory reporting and regulatory capital requirements as well as demonstrated ability to affect process and reporting change to comply with regulatory requirements
• Ability to effectively communicate with multiple stakeholders, including peers throughout Finance and Risk, and executive management
• In-depth knowledge of principles, practices, theories, and/or methodologies associated with regulatory capital and reporting. Understands foundational concepts of other related professional disciplines
• Advanced competency in Excel and PowerPoint
• Ability to travel as needed, occasionally overnight

Nice To Haves

• Master’s degree, MBA or relevant professional designation (e.g., CFA, FRM)
• Seven years of analytical experience in the Corporate Treasury function
• Experience with implementation of off-the-shelf regulatory reporting software solutions (e.g., Axiom)

Responsibilities

• Develop and maintain processes and controls to accurately report starting actuals and forecast projections for the FR Y-14A and DFAST-14A during CCAR stress test events. Ensure that up- and down-stream data is accurately adjusted to meet all regulatory reporting requirements.
• Lead initiatives to identify data requirements and data lineage for regulatory reporting and develop plans to implement improvements. Execute on detailed project plans to identify necessary enhancements and ensure effective communication with all stakeholders.
• Oversee and lead teammates that support FR Y-14A reporting. Establish goals and clear expectations for analysts supporting regulatory reporting activities as well as initiatives to overhaul key management reporting processes.
• Develop comprehensive understanding of requirements for upcoming Basel III endgame rule. Establish goals and requirements necessary to fully implement Basel III endgame requirements for FR Y-14A reporting and capital forecasting. Lead initiatives to meet full compliance with Basel III rule requirements and design data requirements for new rules and reporting.
• Evaluate and recommend vendor solutions to improve automation, controls, and accuracy for the capital planning and stress testing regulatory reporting environment. Once selected by management, fully implement vendor solutions, partnering with IT, data analytics, and other regulatory reporting groups across enterprise. as needed.
• Establish reporting and data requirements and communicate expectations with CCAR forecast owners during the stress testing reporting cycle to effectively and accurately capture forecast results. Ensure tie-in with forecast results throughout the process to understand and be able to identify possible report discrepancies. Establish processes with CCAR forecast owners to evaluate and attest to the accuracy of the data transformation from managed to 14A view.
• Own the relationship with regulatory agencies (FRB, FDIC, NCCOB), external data management consultants, and internal second- and third-line of defense partners related to all matters concerning FR Y-14A reporting and data lineage. Provide timely and comprehensive responses to all inquiries. As needed, submit FAQs to regulatory agencies for clarification on reporting requirements and communicate FRB published FAQs to CCAR participants.
• Institute effective controls and review processes to develop accurate regulatory reports and summary reporting to improve management reliance on the reports submitted. Develop appropriate reporting and presentations to notify management of results, assumptions, and limitations in the production of FR Y-14A and DFAST-14A reports
• Institute effective processes to evaluate and implement changes for announced FR Y-14A reporting and instruction changes. Adhere to all change management requirements and ensure effective communication with key stakeholders regarding changes.
• Represent Truist as subject matter expert in industry discussions (e.g., BPI) regarding FR Y-14A regulatory reporting matters. Develop and cultivate industry and peer contacts to discuss common challenges.
• Ensure appropriate governance and challenge of the FR Y-14A results including challenge sessions and regulatory reporting.
• Develop complex and significant project initiatives to improve efficiency and accuracy for capital forecasting activities. This includes developing requirements for key stakeholders across Corporate Treasury, Finance, Risk, Data, and IT to ensure effective and accurate data transfer and calculation of capital ratios in the system of record.
• Lead initiatives in Capital Management to identify enhancements needed to process, controls, reporting, etc. related to upcoming regulatory capital rules, including monthly forecasting and capital stress testing. As needed, partner with stakeholders throughout Truist to implement required enhancements.
• Institute monitoring and reporting processes to evaluate key inputs (i.e., FR Y-14Q) that impact FRB model results for CCAR stress testing.
• Develop and chair a governance framework to report out on Capital Management project initiatives as well as escalate and/or correct key input trends that may negatively impact Truist stress test results.
• Serve as the owner of FR Y-14A reporting and liaise with other regulatory reporting groups throughout Truist, especially for regulatory reports that impact FR Y-14A results.

Benefits

• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level