Finance Regulatory Capital & Basel, Officer

State Street • Boston, MA

7d

About The Position

In July 2013, U.S. banking regulators jointly issued a Final Rule implementing the Basel III regulatory capital framework (“Final Rule”). Under both frameworks, State Street Corporation must closely review its financial products and business units to enable the quantification of risk-weighted assets in a manner that will facilitate compliance with the regulations. As a member of the Regulatory Capital team, you will focus on monthly, quarterly and annual deliverables related to the above framework and related reporting requirements. You will play an integral part on the calculation of credit, market, and operational Risk-Weighted Asset (RWA) for a large and highly complex organization. Why this role is important to us The team you will be joining plays an important 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 help navigate employees and the organization as a whole. In your role you will strive for 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

• Completes own role independently or with minimal supervision and shares own expertise with others.
• Interprets client needs and key issues in moderately complex situations, takes a broad perspective to problems and identifies solutions
• Interprets internal and/or external business issues and implements best practice
• Adapts information/style to the audience, explains difficult issues clearly with strong communication skills
• Promotes teamwork and works collaboratively
• Undergraduate degree, preferably in Accounting or Finance
• 3-5 years of relevant Finance experience, ideally in a complex global Financial institution
• Experience managing multiple tasks in multiple locations

Nice To Haves

• CPA, MBA preferred

Responsibilities

• Process monthly workflows, adjustments and reconciliations for Basel III capital calculations and related internal reporting
• Serve as a subject matter expert on Basel III regulation, calculations and analysis
• Participate in the annual Advanced Systems Assessment across various functions to deliver a comprehensive assessment of the effectiveness of the Bank’s systems/processes
• Complete analytical package to interpret capital results and prepare presentation packages for senior management and Investor Relations
• Stay abreast of regulatory and reporting updates, review and interpret guidance and apply changes as needed
• Manage department policy and procedure documents, controls and self-assessments
• Develop and update complex financial models to review automated logic and generate flux analyses
• Participate in user acceptance testing (UAT) of the Risk Data Lake logic updates
• Participate in new product on-boarding
• Lead project work streams to enhancement processes
• Participate in ad-hoc projects from regulatory capital perspective to assist the Return-On-Capital team’s ongoing management reporting.
• Develop working relationships with State Street Finance teams to drive process improvement, automation and efficiency to improve the speed and quality of flow of business performance data to management stakeholders for their portfolio allocation decisions.

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.

What This Job Offers

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