Capital Stress Testing Manager
Apply NowCompany: Valley Bank
Location: Fairfield, NJ 07004
Description:
Responsibilities include but are not limited to:
Required Skills:
Required Experience:
Preferred Experience:
- Oversee and manage all aspects of the capital stress testing program including but not limited to governance, policies, procedures, execution, timeline management, modeling, documentation, review & challenge, cross-functional collaborations, process enhancements, model risk validation efforts, internal audit exams, as well as regulatory exams.
- Ensure appropriate documentation is in place to support all aspects of the capital stress testing program including but not limited to policies, procedures, process flow, summary of results, review & challenge packages, model management catalogue, as well as analytical reports as necessary.
- Develop and implement analytical content containing metrics to support scenario selection, material drivers of results, as well as assessment of results.
- Design and produce documentation and presentations to effectively communicate key information to senior management and regulators.
- Lead review & challenge discussions with key stakeholders regarding modeling assumptions, results, implications, potential overlays, as well as justification for overlays.
- Oversee the preparation and consolidation of capital stress test forecasts, key assumptions, exceptions, limitations, mitigants, analytics, and other reporting as necessary.
- Lead ongoing process improvements and optimization efforts including but not limited to the build-out of automated processes to analyze data, trends, and relationships as well as perform sensitivity analysis.
- Ensure appropriate staffing needs are commensurate with the complexity of the capital stress testing program requirements (regulatory or otherwise).
- Build and maintain collaborative relationships with partners in other areas of the bank (risk, accounting, treasury, etc.) to produce enterprise-level scenarios and forecasts.
Required Skills:
- Highly motivated, confident, proactive, and independent self-starter.
Knowledge of economic and accounting principles and practices, financial markets, banking and the analysis & reporting of financial data. - High degree of proficiency with Microsoft Office Suite with emphasis on PowerPoint and Excel.
- Strong analytic, writing and presentation skills, including ability to summarize complex business problems and detailed analysis with clarity and brevity.
- Familiarity with Regulatory Capital, Capital Planning, and Stress Testing rules.
- Organized and detail oriented to simultaneously manage numerous aspects of the capital stress tests.
- Strong intellectual curiosity and problem solving and/or analytical skills.
- Ability to work on multiple projects under compressed timeline.
- Strives for excellence in execution. Proactively seeks ways to improve effectiveness to meet current and future business needs.
- Ability to quickly understand business process tasks / dependencies, data flows, and user's roles/responsibilities.
- A wide degree of creativity and flexibility.
- Extensive experience in capital management and stress testing.
- Strong knowledge of regulatory requirements.
- Excellent analytical and problem-solving skills.
- Proficiency in financial modeling and risk assessment tools.
Required Experience:
- Bachelor's degree in Economics, Finance, Accounting, Mathematics, or related field.
- Minimum of 5 years of banking experience in treasury, finance, accounting, credit or other financial services areas.
Preferred Experience:
- MBA or Masters Degree in Finance or Mathematics field.
- Experience in treasury, capital planning and/or stress testing, financial reporting, regulatory reporting, accounting/internal controls, or consulting.