FR Y-14A / CCAR Transformation Analyst Sr.

Description

The FR Y-14A Senior Analyst will be responsible for overseeing the transformation (designing and implementing) of the annual FR Y-14A regulatory reports as required by the Federal Reserve Board. This individual will play a key role in delivering the 14A transformation project to ensuring compliance with regulatory requirements, enhancing the accuracy of data submissions, and providing detailed analysis of capital planning and stress-testing results. The ideal candidate will have a strong understanding of banking regulations, capital stress testing frameworks, financial data analysis, and experience working with large financial institutions.

Key Responsibilities:

  • Take a leading role to oversee and implement the 14A transformation program improving exiting 14A processes, data flows and quality to ensure timely an accurate, complete and timely 14A submission.
  • Play a critical role in designing and implementing the 14A processes and tools. This will include requirements development.
  • Ensure compliance with Federal Reserve reporting guidelines and maintain up-to-date knowledge of changes to regulatory requirements
  • Provide insights and analysis on capital planning, stress-testing results, and forecasting, with a focus on identifying and explaining variances and developing Trend Analysis
  • Develop and implement process improvements to enhance the quality and efficiency of the reporting process including 14A control process design and implementation
  • Assist with the documentation of 14A desktop procedures
  • Collaborate with cross-functional teams (Risk Management, Finance, Treasury, and IT) to gather, validate, and analyze data inputs for regulatory submissions
  • Work with Treasury to Develop Capital Plan Exhibits
  • Provide and document business requirements utilizing Axiom for 14A filing
  • Monitor regulatory updates and trends that may impact reporting requirements and track necessary changes to processes or data gathering
  • Develop Methodology Mapping or Lineage (Model Data Mapping to 14A Schedules) & Non-Model Data Sourcing Assist in the maintenance of documentation related to procedures, controls, and governance processes associated with FR Y-14A reporting
  • Coordinate with 2nd line of defense, Internal Audit and external examiners to respond to inquiries and reviews related to FR Y-14A processes and submissions

Basic Qualifications:

  • Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field; Master’s degree, CPA, or relevant certifications is a plus
  • Minimum of 4 years of experience in regulatory reporting, financial analysis, capital planning, or stress testing in a large financial institution
  • In-depth knowledge of regulatory requirements, particularly related to FR Y-14A, CCAR (Comprehensive Capital Analysis and Review), and Dodd-Frank Act Stress Tests (DFAST)
  • Strong analytical skills with experience in data management, financial modeling, and forecasting
  • Proficient in Microsoft Excel, with advanced skills in data analysis and automation
  • Ability to work independently, prioritize tasks, and meet tight deadlines in a fast-paced environment
  • Excellent communication and presentation skills, with the ability to explain complex data and regulatory concepts to non-technical stakeholders
  • Strong attention to detail and ability to identify and resolve issues in financial and regulatory data
  • Have a good understanding of the CCAR process from end-to-end

Additional Qualifications:

  • Experience working with regulatory reporting tools and systems (e.g., Axiom, Workiva, etc.)
  • Experience with data governance, risk management, and control frameworks in financial institutions
  • Familiarity with financial risk management, including credit, market, and operational risk


Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Hybrid

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