Capital Stress Testing Manager
#25-361
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Job Overview
The Capital Stress Testing Manager will oversee the execution of the organization's enterprise-wide capital stress program, collaborating closely with senior leaders across various department including Credit Risk, Model Risk, Accounting, Commercial Lending, Retail Banking, and Corporate Treasury. Job Description
Responsibilities include but are not limited to:
- Oversee and manage all aspects of the capital stress testing program including but not limited to governance, policies, procedures, execution, timeline management, modeling, documentation, review & challenge, cross-functional collaborations, process enhancements, model risk validation efforts, internal audit exams, as well as regulatory exams.
- Ensure appropriate documentation is in place to support all aspects of the capital stress testing program including but not limited to policies, procedures, process flow, summary of results, review & challenge packages, model management catalogue, as well as analytical reports as necessary.
- Develop and implement analytical content containing metrics to support scenario selection, material drivers of results, as well as assessment of results.
- Design and produce documentation and presentations to effectively communicate key information to senior management and regulators.
- Lead review & challenge discussions with key stakeholders regarding modeling assumptions, results, implications, potential overlays, as well as justification for overlays.
- Oversee the preparation and consolidation of capital stress test forecasts, key assumptions, exceptions, limitations, mitigants, analytics, and other reporting as necessary.
- Lead ongoing process improvements and optimization efforts including but not limited to the build-out of automated processes to analyze data, trends, and relationships as well as perform sensitivity analysis.
- Ensure appropriate staffing needs are commensurate with the complexity of the capital stress testing program requirements (regulatory or otherwise).
- Build and maintain collaborative relationships with partners in other areas of the bank (risk, accounting, treasury, etc.) to produce enterprise-level scenarios and forecasts.
Requirements
Required Skills:
- Highly motivated, confident, proactive, and independent self-starter.
Knowledge of economic and accounting principles and practices, financial markets, banking and the analysis & reporting of financial data. - High degree of proficiency with Microsoft Office Suite with emphasis on PowerPoint and Excel.
- Strong analytic, writing and presentation skills, including ability to summarize complex business problems and detailed analysis with clarity and brevity.
- Familiarity with Regulatory Capital, Capital Planning, and Stress Testing rules.
- Organized and detail oriented to simultaneously manage numerous aspects of the capital stress tests.
- Strong intellectual curiosity and problem solving and/or analytical skills.
- Ability to work on multiple projects under compressed timeline.
- Strives for excellence in execution. Proactively seeks ways to improve effectiveness to meet current and future business needs.
- Ability to quickly understand business process tasks / dependencies, data flows, and user's roles/responsibilities.
- A wide degree of creativity and flexibility.
- Extensive experience in capital management and stress testing.
- Strong knowledge of regulatory requirements.
- Excellent analytical and problem-solving skills.
- Proficiency in financial modeling and risk assessment tools.
Required Experience:
- Bachelor's degree in Economics, Finance, Accounting, Mathematics, or related field.
- Minimum of 5 years of banking experience in treasury, finance, accounting, credit or other financial services areas.
Preferred Experience:
- MBA or Masters Degree in Finance or Mathematics field.
- Experience in treasury, capital planning and/or stress testing, financial reporting, regulatory reporting, accounting/internal controls, or consulting.
Location(s)
New York
,
New York
,
United States
Morristown
,
New Jersey
,
United States Job Details
Pay Range Pay Range
The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay.
The actual pay rate will depend on the person's qualifications and experience.
$110,600.00 - $195,700.00 / year Pay Transparency
In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions. |
Valley National Bank
$110,600.00 - $195,700.00 / yr
Apr 30, 2025