Finance Regulatory Basel Policy & Capital Analysis, Vice President

State Street • Boston, MA

1d

About The Position

Who we are looking for The Basel Policy function plays a key role in ensuring compliance of the Bank’s Risk-Weighted Assets (RWA) treatments with the U.S. Basel III rules and enabling senior management strategic decision making. The function assesses and interprets the application of Basel rules for State Street’s portfolio of current and potential future offerings, along with actively assessing the impact of upcoming regulations.. The ideal candidate will combine expertise in the U.S. Basel III rules and the upcoming Basel III endgame framework, leadership and project management skills, and an ability to collaborate with various stakeholders across the organization. The individual will lead policy driven projects including defining the capital treatment of new activities, assisting with the restructuring of existing deals, interpreting new regulations/assessing their impact on the Bank’s capital ratios, and identifying and executing capital optimizations. Why this role is important to us The team you will be joining plays a critical role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to assist in developing capital efficient products that meet client needs. In your role you will partner with the business and other functions in developing cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Requirements

• Collaborative professional with strong work ethics, leadership skills and ability to effectively manage junior team members
• Excellent verbal and written communication and organizational skills with a capacity to drive and execute tasks through completion
• Ability to interact with various levels of management, incl. crafting and positioning messaging for senior executives
• Strong critical thinking and capacity to identify key issues, associated solutions, and execute remediation
• Bachelor’s in Finance, Economics or a related field
• Eight or more years of experience in the banking/financial services industry with an advanced knowledge of banking industry products, services and capital markets activities
• Advanced knowledge of the U.S. capital rules and of the upcoming Basel IV framework, incl. an understanding of risk management aspects (e.g., credit market and operational risk)
• Proficient in PowerPoint, Word, Excel and other similar tools

Nice To Haves

• Master’s in Finance or Business Administration, CFA/CPA preferred

Responsibilities

• Monitor regulatory developments released by the U.S. banking agencies and the Basel Committee on Banking Supervision and proactively evaluate their impact on the Bank’s capital ratios
• Develop analyses in support of the Bank’s advocacy effort to the FRB, FDIC and OCC concerning regulatory changes that have substantial capital implications
• Collaborate with the Regulatory Affairs group and engage with industry forums to recommend enhancements to proposed regulations
• Provide rule interpretation and technical expertise to various functions across the organization, including with respect to the treatment of new products and of the restructuring of existing deals
• Collaborate with various functions to identify and execute capital optimization initiatives through enhanced interpretations, data improvements or contract amendments
• Assist business units with ad-hoc RWA modeling requests and provide meaningful inputs to assess the profitability of the Bank’s activities in the future
• Maintain and enhance the Basel policy framework as new product offerings are designed and new regulations are issued by the U.S. banking agencies
• Perform an ongoing assessment of the Bank’s RWA treatments; identify potential weaknesses, escalate and remediate them to strengthen the Basel program
• Guide team members in performing quantitative analyses to produce materials presented to the FRB/senior management
• Develop policy materials/memos addressing key interpretive matters
• Engage in strategic Basel related analytical projects pertaining to RWA and Leverage Ratios
• Lead team members in developing analytical frameworks to support the organization in analyzing and quantifying the impact of upcoming regulations

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
• You’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees