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Corporate - Capital Management - Market Risk - Capital Reporting & Analysis - Associate

Job Description

The Market Risk Capital Management team within the Treasury/Chief Investment Office Group is responsible for producing, analyzing and explaining the market risk related regulatory capital requirements under the Basel III rules. The team ensures that controls and processes for capital calculations, reporting, and disclosure adhere to the Basel Rules. The core responsibilities are 1) Production of Market Risk RWA (Risk weighted Assets) 2) Analyzing and explaining the changes in the capital results 3) Partnering with other functions such as Risk Management, Firmwide Regulatory Reporting & Analysis, Market Risk Basel Group, Middle Office and the Businesses to establish a sound control, governance and accountability framework for the Regulatory Capital process.
Market Risk Capital relies heavily on risk models developed by Market Risk Quantitative Research (MRQR) and Model Risk and Development (MRaD).  The team works closely with MRQR & MRaD to understand model methodology and model results in order to analyze and explain the capital changes to the regulators and the businesses. The team also works closely with Regulatory Policy Group on rule interpretation and interfaces monthly with the Regulatory Agencies and LOB business partners.  Additionally, the team liaises with LOB Controllers, Middle Office and Technology to continuously improve the data quality and integrity of the inputs into the models.
The candidate will be a key contributor working on technology initiatives and projects to centralize capital calculations as well as working with the various Market Risk Functions to increase operational efficiency and implement regulatory changes.
The candidate’s responsibilities will include but are not limited to:
  • Oversee the calculation, consolidation, reporting and explain of Market Risk RWA
  • Calculation of Market Risk RWA using the standardized measurement approach
  • Key Contribution in ad hoc quantitative impact analysis studies supporting business partners, senior management and regulatory requests. 
  • Lead projects supporting market risk RWA objectives across capital calculation, process/control improvement, and regulatory rule implementations
  • Ensuring completeness of process workflows, governance, controls & procedures
  • Identifying opportunities to streamline and improve process efficiency and/or controls.
  • Ability to self-manage, prioritize  and work independently
  • Strong understand of data quality controls and metrics
  • Excellent communication skills (both verbal and written)
  • Knowledge of financial products, financial markets, market risk and credit risk methodologies such as VaR, economic capital, regulatory capital, etc.
  • Strong organizational skills and process orientation
  • Ability to work well under pressure, tight deadlines and balance multiple priorities
  • Strong problem solving and analytical skills


  • Degree in a Finance, Economics, Statistics, Engineering or related field; advanced degree a plus;
  • 3+ years’ experience in regulatory capital reporting, finance, risk management, or related field
  • Experience in a product control or capital calculation role
  • Experience with credit and equity products
  • Experience managing data quality remediation program
  • Experience partnering with technology and business to drive issue resolution
  • Experience identifying, performing, and documenting key controls 
  • Experience supporting large initiatives across multiple functional groups
Req #: 180040669
Location: Brooklyn, NY US
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: 3000 US Dollar (USD)

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