Capital Special Projects Manager - Basel Lead

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Regular or Temporary:

Regular

Language Fluency:
English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Assess implications of revised capital rules (including Basel III Endgame) on Truist's capital management strategy and engage with appropriate stakeholders to effectively implement these strategies. Identify and execute process improvement initiatives, including improvements to controls and automation for data capture and flow, integration of off-the-shelf software (e.g., Axiom) to improve regulatory reporting processes, and effectively manage change initiatives arising from changing regulatory requirements.

Identify and lead special project initiatives for Capital Management, including managing changes to processes, systems, and controls to comply with capital regulatory rule changes (Basel III endgame), implementing automation and data enhancements, and establishing governance processes to monitor trends within key input reports (i.e., FR Y-14Q/A) that impact stress test results and capital distribution capacity.

LOCATION:

Truist 'in office' requirement is 5 days per week

Please note:

candidate must be located in the below location:

* Charlotte, NC

No remote or telecommute option

ESSENTIAL DUTIES AND RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Develop and maintain processes and controls to accurately report starting actuals and forecast projections for the FR Y-14A and DFAST-14A during CCAR stress test events. Ensure that up- and down-stream data is accurately adjusted to meet all regulatory reporting requirements.

2. Lead initiatives to identify data requirements and data lineage for regulatory reporting and develop plans to implement improvements. Execute on detailed project plans to identify necessary enhancements and ensure effective communication with all stakeholders.

3. Oversee and lead teammates that support FR Y-14A reporting. Establish goals and clear expectations for analysts supporting regulatory reporting activities as well as initiatives to overhaul key management reporting processes.

4. Develop comprehensive understanding of requirements for upcoming Basel III endgame rule. Establish goals and requirements necessary to fully implement Basel III endgame requirements for FR Y-14A reporting and capital forecasting. Lead initiatives to meet full compliance with Basel III rule requirements and design data requirements for new rules and reporting.

5. Evaluate and recommend vendor solutions to improve automation, controls, and accuracy for the capital planning and stress testing regulatory reporting environment. Once selected by management, fully implement vendor solutions, partnering with IT, data analytics, and other regulatory reporting groups across enterprise. as needed.

6. Establish reporting and data requirements and communicate expectations with CCAR forecast owners during the stress testing reporting cycle to effectively and accurately capture forecast results. Ensure tie-in with forecast results throughout the process to understand and be able to identify possible report discrepancies. Establish processes with CCAR forecast owners to evaluate and attest to the accuracy of the data transformation from managed to 14A view.

7. Own the relationship with regulatory agencies (FRB, FDIC, NCCOB), external data management consultants, and internal second- and third-line of defense partners related to…