Who we are looking for

The Vice President, Operational Risk Capital Analyst, is a key contributor within the Operational Risk Capital, Stress Testing and Scenario Analysis team.  This team has responsibility for executing the Comprehensive Capital Analysis and Review (CCAR) stress test for the operational risk workstream, executing internal stress testing and capital adequacy programs, producing operational risk capital estimates in support of the Advanced Measurement Approach (AMA), preparing for implementation of the Basel 3 Endgame requirements, and owns the models and related scenario analysis methodology that support execution of the operational risk component of the ICAAP/ICARA process globally.  The role reports to the Managing Director – Capital Analysis, Stress Testing & Scenario Analysis.

Why this role is important to us

The role will require the incumbent to interface with a diverse group of stakeholders; including senior management, risk and control owners, Business Executives, Audit and regulators to achieve risk measurement and risk management objectives.

The role requires someone who has some prior exposure to global regulatory requirements, supervisory guidance and industry best practices related to capital planning and stress testing.  The role requires some experience with designing and implementing capital estimation and stress testing programs.  The role requires excellent communication and partnership skills in order to influence a wide variety of stakeholders.

What we value

Key Responsibilities include:

Contribute to the quantitative assessment of operational risk including the maintenance and execution of the capital modelCollaborate with model development/analytics teams to meet internal and regulatory review, validation and audit needsContribute to the execution of various capital stress testing programs including CCAR, internal capital adequacy, stress testingSupports the model owner for models that contribute to the ICAAP/ICARA process, partner with model analytics team to develop and maintain these models, and develop and maintain the scenario analysis methodology that is leveraged globally to produce loss estimates that serve as key inputs to the ICAAP/ICARA modelsFacilitate scenario analysis workshops designed to derive both risk management and risk measurement valueProvide reporting and insights on the Bank’s exposure to operational risk, including peer benchmarkingContribute to the preparation of regulatory reportingEnter and validate capital program data for downstream use in Archer, VENA, CME and other applicationsEnsure that key processes and controls are thoroughly documented and executed in line with Corporate standards

Qualifications

Minimum of at least 8 years of experience in financial services; operational risk / Finance focus preferredConceptual thinking skills must be complemented by a strong qualitative orientationImpeccable written and oral communication credentials,Prior exposure to scenario analysis, stress testing, regulatory reporting and operational risk capitalDemonstrated experience driving consensus between competing opinions and objectives across a diverse group of stakeholders with varying levels of expertiseFamiliarity with SR 15-18 supervisory expectations for capital planningDetail oriented with a demonstrated ability to independently manage and prioritize a book of work spanning multiple strategic prioritiesStrategic thinker with a demonstrated ability to distill complex, ambiguous information to create effective solutions and insights for leadersAbility to quickly analyze the status quo and identify opportunities for continuous improvement or re-engineeringEquivalent to a university degree in business, accounting, finance or related field. Additional academic degree (e.g., MBA, doctorate) beneficial but not required

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

Salary Range:

$110.000 - $185.000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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