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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