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State Street · 17 hours ago

Finance Regulatory Basel Policy & Capital Analysis, Vice President

Boston, MA

Full-time

Onsite

Senior Level, Lead/Staff

$120K/yr - $202K/yr

8+ years exp

State Street is one of the largest custodian banks and asset managers in the world, focusing on investment servicing and data analytics. The Basel Policy function is critical for ensuring compliance with U.S. Basel III rules, and the role involves leading policy-driven projects, interpreting regulations, and collaborating with various stakeholders to optimize capital treatment and enhance the Basel policy framework.

BankingFinanceFinancial Services

Responsibilities

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

Qualification

U.S. Basel III rulesBasel IV frameworkCapital optimizationRisk managementBanking industry experienceProficient in PowerPointProficient in ExcelProficient in WordLeadership skillsProject managementCommunication skillsCritical thinking

Required

Expertise in the U.S. Basel III rules and the upcoming Basel III endgame framework

Leadership and project management skills

Ability to collaborate with various stakeholders across the organization

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

Collaborative professional with strong work ethics

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

Bachelor's in Finance, Economics or a related field

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