Digital Federal Credit Union - Chelmsford, MA

posted 18 days ago

Full-time - Senior
Hybrid - Chelmsford, MA
1,001-5,000 employees
Credit Intermediation and Related Activities

About the position

Responsible for the development, enhancement, execution, and documentation of all aspects of capital analysis, forecasting, and planning, providing programmatic leadership for the credit union's capital ratios, including our annual capital plan and stress testing program. This position is expected to work closely with various business areas to ensure capital measures are compliant with NCUA and other regulatory guidelines, forecasts are reliable and actionable, capital is utilized efficiently, and the regulatory plans that are outputs of these activities demonstrate the strength of our capital planning framework and associated governance policies.

Responsibilities

  • Develop capital planning framework consistent with the credit union's unique exposures, activities, and risks that is consistent with strategic, credit, and capital plans.
  • Responsible for estimating projected capital measures in both business-as-usual and stress environments, used in business strategy.
  • Coordinate end-to-end Comprehensive Capital Analysis and Review and Dodd-Frank Act Stress Tests (CCAR/DFAST) execution.
  • Develop stress testing program and collaborate with functions across the credit union.
  • Develop, execute, and document strategic capital initiatives.
  • Responsible for developing and enhancing capital governance processes.
  • Partnering with key stakeholders throughout the credit union to oversee the submission of our capital planning and stressing testing annual plans.
  • Engaging with various groups across the credit union to drive risk reduction efforts.
  • Partnering with internal capital planning stakeholders to ensure the appropriate risk and controls are governed.
  • Develop and execute ad hoc stress tests as requested by Senior Management.
  • Perform a deep dive and monitoring of credit policies and procedures.
  • Prepare reports of examination for distribution and present a strong, well-communicated executive summary.
  • Remain current on credit union policies, regulatory requirements, current trends, and specific industry issues.
  • Serve as mentor to analysts by training and assisting in the development of skills.
  • Support the credit union's Success Sharing Goals and Strategic Objectives.
  • Perform other job-related duties as assigned by Managers(s).

Requirements

  • Minimum 5+ years of strong capital planning processes CCAR/DFAST.
  • 4-year college degree (Business, Finance, Accounting, Mathematics, Economics or other related field of study).
  • Minimum 5+ years of managerial experience.
  • Capable of analyzing information/processes to determine overall trends and make appropriate conclusions.
  • Ability to identify and quantify subtle business risks and the ability to identify key drivers of risk.
  • Ability to manage multiple priorities and work independently.
  • Excellent communication skills, including well-developed verbal, written and presentation skills.
  • Aptitude for translating strategy into execution in a complex and cross-functional organization.
  • Strong attention to detail with proven ability to distil complex ideas into simple stories.
  • Developed computer application skills (including MS Word/Excel).
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service