Finance Regulatory Basel Policy & Capital Analysis, Vice President

State Street

  • Boston, MA
  • $130,000-205,000 per year
  • Permanent
  • Full-time
  • 6 days ago
Who we are looking forThe Basel Policy function plays a key role in ensuring compliance of the Bank’s Risk-Weighted Assets (RWA) treatments with the U.S. Basel III rules and enabling senior management strategic decision making. The function assesses and interprets the application of Basel rules for State Street’s portfolio of current and potential future offerings, along with actively assessing the impact of upcoming regulations.. The ideal candidate will combine expertise in the U.S. Basel III rules and the upcoming Basel III endgame framework, leadership and project management skills, and an ability to collaborate with various stakeholders across the organization. The individual will lead policy driven projects including defining the capital treatment of new activities, assisting with the restructuring of existing deals, interpreting new regulations/assessing their impact on the Bank’s capital ratios, and identifying and executing capital optimizations.Why this role is important to usThe team you will be joining plays a critical role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to assist in developing capital efficient products that meet client needs. In your role you will partner with the business and other functions in developing cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.What you will be responsible forAs Basel Policy & Capital Analysis Manager you will
  • Monitor regulatory developments released by the U.S. banking agencies and the Basel Committee on Banking Supervision and proactively evaluate their impact on the Bank’s capital ratios
  • Develop analyses in support of the Bank’s advocacy effort to the FRB, FDIC and OCC concerning regulatory changes that have substantial capital implications
  • Collaborate with the Regulatory Affairs group and engage with industry forums to recommend enhancements to proposed regulations
  • Provide rule interpretation and technical expertise to various functions across the organization, including with respect to the treatment of new products and of the restructuring of existing deals
  • Collaborate with various functions to identify and execute capital optimization initiatives through enhanced interpretations, data improvements or contract amendments
  • Assist business units with ad-hoc RWA modeling requests and provide meaningful inputs to assess the profitability of the Bank’s activities in the future
  • Maintain and enhance the Basel policy framework as new product offerings are designed and new regulations are issued by the U.S. banking agencies
  • Perform an ongoing assessment of the Bank’s RWA treatments; identify potential weaknesses, escalate and remediate them to strengthen the Basel program
  • Guide team members in performing quantitative analyses to produce materials presented to the FRB/senior management
  • Develop policy materials/memos addressing key interpretive matters
  • Engage in strategic Basel related analytical projects pertaining to RWA and Leverage Ratios
  • Lead team members in developing analytical frameworks to support the organization in analyzing and quantifying the impact of upcoming regulations
What we valueThese skills will help you succeed in this role
  • Collaborative professional with strong work ethics, leadership skills and ability to effectively manage junior team members
  • Excellent verbal and written communication and organizational skills with a capacity to drive and execute tasks through completion
  • Ability to interact with various levels of management, incl. crafting and positioning messaging for senior executives
  • Strong critical thinking and capacity to identify key issues, associated solutions, and execute remediation
Education & Preferred Qualifications
  • Bachelor’s in Finance, Economics or a related field
  • Master’s in Finance or Business Administration, CFA/CPA preferred
  • Eight or more years of experience in the banking/financial services industry with an advanced knowledge of banking industry products, services and capital markets activities
  • Advanced knowledge of the U.S. capital rules and of the upcoming Basel IV framework, incl. an understanding of risk management aspects (e.g., credit market and operational risk)
  • Proficient in PowerPoint, Word, Excel and other similar tools
About State StreetWhat we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.State Street is an equal opportunity and affirmative action employer.Discover more at StateStreet.com/careersSalary Range: $130,000 - $205,000 AnnualThe 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.

State Street