Director-Capital Planning & Stress Testing
Job Summary
The Director of Capital Planning and Stress Testing will lead the Bank’s capital management framework, ensuring compliance with regulatory requirements and alignment with strategic business objectives. This role is responsible for overseeing capital adequacy assessments, stress testing exercises, and regulatory submissions, including the Dodd-Frank Act Stress Test (DFAST) and Comprehensive Capital Analysis and Review (CCAR), as applicable. The Director will collaborate with senior management, risk, finance, and regulatory teams to enhance capital planning processes and optimize capital allocation. This is a high-impact role requiring a strategic mindset, regulatory expertise, and the ability to drive capital efficiency while ensuring regulatory compliance.
Job Responsibilities
Lead the development, execution, and enhancement of the bank’s capital planning framework and governance processes, ensuring alignment with regulatory requirements and internal risk appetite.
Oversee the bank’s stress testing program, including scenario design, modeling, and analysis to assess capital adequacy under various economic conditions.
Ensure timely and accurate submission of regulatory capital plans, stress test results, and related documentation to the Federal Reserve and other regulatory bodies.
Collaborate with finance, risk management, and business units to improve capital forecasting methodologies and ensure the accuracy and integrity of capital projections.
Develop strategies for capital optimization, balancing regulatory expectations, risk exposure, and business growth objectives.
Regulatory Compliance & Engagement
Stay up to date with evolving regulatory capital requirements, including Basel III/IV, the Federal Reserve’s tailoring framework for Category IV banks, and stress testing expectations.
Engage with regulators to address inquiries, examinations, and feedback related to capital planning and stress testing.
Ensure adherence to internal policies and governance frameworks governing capital planning and stress testing.
Risk & Financial Analysis
Lead the quantitative and qualitative assessment of capital adequacy, ensuring the bank maintains sufficient capital buffers under baseline and stressed conditions.
Provide senior leadership with insights on capital trends, risks, and opportunities, facilitating data-driven decision-making.
In coordination with the Head of Financial Modeling and Analysis, advise model development, validation, and ongoing enhancements for stress testing and capital forecasting models.
Leadership & Stakeholder Collaboration
Lead a team of capital planning and stress testing professionals, fostering a culture of excellence and continuous improvement.
Work closely with senior management, Treasury, Finance, Risk, and Business teams to ensure a holistic approach to capital management.
Present capital planning results, stress test findings, and strategic recommendations to executive leadership and the Board of Directors.
Additional Accountabilities
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.
Accountable to maintain compliance with applicable federal, state and local laws and regulations.
Required Qualifications
Education level required: Undergraduate Degree (4 years or equivalent) in Finance, Economics, Mathematics, Business, or a related field
Minimum experience required: 12+ Years
Expertise in financial modeling, scenario analysis, and forecasting methodologies
Experience engaging with regulators and managing regulatory examinations
Experience working in a Category IV bank or a similar regulatory environment
Preferred Qualifications
Education level preferred: Master's Degree (or Postgraduate equivalent) in Finance, Economics, Mathematics, Business, or a related field