Risk Management - Capital Risk Senior Associate

Job Responsibilities

• Leverage expertise in applicable regulatory rules and supervisory guidance to draw key requirements for use in assessments.
• Demonstrate experience in one or more of the core regulatory capital Pillar I frameworks: Retail Credit Risk, Wholesale Credit Risk, Counterparty Credit Risk, Market Risk, and Credit Valuation Adjustment (CVA).
• Exhibit expertise in regulatory policies, particularly with respect to the US Basel III final rule and upcoming Basel III Endgame rules, and capital processes.
• Evaluate and challenge the first line's (1LOD) proposals regarding product-specific rule interpretations, ensuring conceptual soundness and adherence to regulatory requirements along with analyzing the impact from a capital perspective.
• Conduct review of Basel capital models to ensure compliance with the applicable rule requirements and coordinate with different stakeholders to assess action plans designed to address any gaps.
• Liaise with different stakeholders from business, model developers, risk, finance, and reporting teams as an SME on Basel rule requirements to perform exhaustive assessments.
• Review the firm's advanced systems and RWA calculation engines to assess compliance with applicable rules and regulations.
• Engage in comprehensive deep-dive analyses on topical and impactful themes for presentation to senior management.
• Drive process improvements and automations and develop new analytical capacities leveraging AI, LLM, etc.

Required Skills, Experience, And Qualifications

• Strong quantitative and analytical skills: The role requires a strong quantitative background based on a Bachelor's or Master's degree in a quantitativediscipline such as Math, Statistics, Economics, Finance, Engineering, or related fields.
• In-depth understanding of the Basel rule requirements applicable for regulatory capital models, estimation of RWA, capital, etc.
• 5+ years of experience working in a financial services institution or a management consulting firm focusing on regulatory frameworks like Basel, CCAR, DFAST, CECL for large banks.
• Strong analytical skills with the ability to develop thesis, clearly present ideas and draw appropriate conclusions.
• Background in risk management with a good understanding of identifying relevant risk drivers to focus on for different asset classes.
• Excellent oral and written communication skills with ability to explain technical concepts in practical terms.
• Strong analytical skills with the ability to develop thesis, clearly present ideas and draw appropriate conclusions.
• Demonstrate high ownership, self-starter attitude, ability to work independently and prioritize key tasks effectively.
• Strong capability to navigate complex financial systems and processes.

Preferred Skills, Experience, And Qualifications

• Competence in developing or reviewing Retail and Wholesale credit risk models.
• Knowledge of the Basel III Endgame proposal.
• Experience in one or more of the following areas: capital policy, risk management, risk analytics, and audit.