Regulatory Capital & Basel Reporting, Assistant Vice President

State Street • Boston, MA

89d • $90,000 - $142,500

About The Position

We are looking for a motivated individual who has familiarity with US Basel rules / reporting and is ready to dive into technical capital regulations, execute complex financial calculations, troubleshoot with data mining skills and technology solutions, work with cross functional business partners, and manage tight reporting submission timelines under a well-controlled environment to ensure accuracy and regulatory compliance. As a member of the Regulatory Capital team, your initial focus will be on monthly, quarterly and annual deliverables related to capital and risk-weighted assets (RWA) calculations and reporting. However, the scope of work can go as far beyond as a self-driven talent is willing to go.

Requirements

• Knowledge in GAAP, US Capital Rules (Basel III and Basel III Endgame), bank financial products, and regulatory capital reporting, or the ability to proactively acquire such knowledge independently or with minimal supervision/guidance
• Strong critical thinking, problem solving, and project management skills
• Ability to interpret client needs and key issues in moderately complex situations, takes a broad perspective to problems and identifies solutions
• Ability to interpret internal and/or external business issues and implements best practice
• Ability to adapt information/style to the audience, explains difficult issues clearly with strong communication skills
• Strong teamwork and relationship-building skills

Nice To Haves

• Undergraduate degree, preferably in Accounting or Finance
• 5-8 years of relevant Finance experience, ideally in a complex global Financial institution
• Basel knowledge / capital regulatory reporting experience preferred
• Experience managing multiple tasks in multiple locations

Responsibilities

• Monthly, validate critical data elements used for exposure and RWA calculations on selected products (product selection will rotate over time for knowledge expansion and cross training)
• Monthly, compute and analyze capital ratios, which will be used by business partners and senior leadership for internal analysis, monitoring, and reporting
• Quarterly, prepare capital analysis presentation and earnings materials for senior Finance leaderships, including the CFO, Head of Investor Relations, and others
• Quarterly, prepare (on a rotational basis) FFIEC 101, FFIEC 102, FR-Y 14Q, FR-Y 9C, FFIEC 031, and FR-Y 15 regulatory filings, as well as regulatory capital disclosures in SEC filings (10-K & 10-Q)
• Stay abreast of regulatory and reporting updates, execute approved changes as needed
• Maintain procedure documents to reflect up-to-date processes and controls, especially in light of potential Basel III Endgame regulatory and reporting changes
• Support user acceptance testing (UAT) of the Risk Data Lake logic updates, including implementation of new product on-boarding
• Support both internal and external assurance and audit requests, as well as regulatory inquiries
• Participate in special enhancement projects
• Coach, mentor, and develop talents on the team

Benefits

• Generous medical care
• Insurance and savings plans
• Flexible Work Programs
• Development programs and educational support
• Paid volunteer days
• Matching gift programs
• Access to employee networks

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees