Basel Capital Analytics - Assistant Vice President

Who we are looking for

The Capital Analytics function within the Basel Office plays a key role in ensuring that the capital impacts of State Street’s activities and exposures are properly measured and reflected in the management decision making process. The ideal candidate will combine analytical experience, knowledge of the U.S. capital rules and of the upcoming Basel III Endgame framework, project management skills and an ability to collaborate with stakeholders across the organization. The individual will lead Capital Analytics projects including impact assessment of new businesses/new products, restructuring of existing deals, upcoming rules impact analyses, capital optimization efforts, Quantitative Impact Studies (QIS) and developments of business requirements associated with system upgrades.

Why this role is important to us

The team you will be joining plays an important 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 help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. 

What you will be responsible for

As Basel Capital Analytics AVP you will:

• Engage in strategic Basel related analytical projects pertaining to Risk-Weighted Assets (RWA) and Leverage Ratios
• Build analytical frameworks to support the organization in analyzing and quantifying the impact of upcoming regulations and deliver critical insight to management to inform their strategic decisions
• Develop business requirements for the implementation of new regulations or RWA calculation capabilities for new activities
• Evaluate State Street’s current regulatory capital position compared to its local and international peers including reviewing industry best practices, analyzing peers Pillar 3 disclosures etc.
• Support business units with regulatory inputs and capital dashboards to better integrate capital into their decision making process including providing technical expertise for new products and restructuring of existing deals
• Perform data manipulation and aggregation using SQL and Excel reports to support the completion of industry QISs
• Assist business units with their ad-hoc scenario analyses/RWA modeling requests and provide meaningful inputs with respect to the profitability of the Bank’s activities in the future
• Investigate data quality issues and identify areas where the Bank’s RWA calculations can be optimized through data enhancements

What we value

These skills will help you succeed in this role

• Advanced knowledge of the U.S. capital rules and of the upcoming Basel III Endgame  framework including an understanding of risk management (e.g. credit market and operational risk) aspects

• Project management skills including, particularly with respect to system maintenance and enhancement
• Excellent communication, organizational and presentation skills
• Ability to interact with all levels of management including crafting and positioning messaging for senior executives
• Excellent verbal communication skills and proven ability to present complex regulatory matters to management or industry forums
• Ability to identify key issues, associated solutions, and execute remediation
• Strong critical thinking and problem solving skills
• Must display an ability to drive and execute tasks through completion
• Capable of managing and analyzing large swathes of data
• Self-motivated, self-assured and self-managed. Results oriented mindset
• Proficient in Excel/SQL and other similar tools

Education & Preferred Qualifications

• Bachelors in Finance, Economics, or related field
• Masters in Finance or Business Administration preferred
• 5-8 years prior experience in the banking and/or financial services industry with an advanced knowledge of banking industry products and services and capital markets activities

About State Street

What 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.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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