Truist
Capital Adequacy Estimation Methodology Manager
Charlotte, NC
Oct 27, 2024
Full-time
Full Job Description

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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:

Oversee and lead all aspects of oversight for estimation methodology and data use in capital planning processes. This includes, but is not limited to, maintaining capital planning estimation methodology inventory, identifying gaps and limitations in estimation methodology use and partnering with model development to drive enhancements, overseeing model data input sources, establishing appropriate governance review routines, and communicating enhancements and gaps with key data oversight partners. Partner with internal model teams, including model development and model risk oversight, to ensure robust data governance and risk management for estimation methodologies used in stress testing exercises. Lead and support initiatives that will drive enhancement to Truist’s overall capital planning process.

This position will sit in-office 4 days a week at one of the locations below:

214 N Tryon, Charlotte, North Carolina

303 Peachtree Street, Atlanta, Georgia

(No other locations will be considered. No remote options available)

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 a comprehensive inventory of estimation methodologies used in capital planning processes. Evaluate model development focus areas based on model performance information and material portfolio gap analyses.
2. Partner with Model Risk Oversight to develop estimation methodology use, performance, and risk reporting to deliver to capital governance committees.
3. Develop and implement communication strategies with Model Risk Oversight and various Model Development teams to manage estimation methodology risk and improve estimation methodology robustness and use cases.
4. Lead the CCAR Model Development Working Group and coordinate with subject matter experts across model development, model risk oversight, and capital adequacy to prioritize model development to improve forecast accuracy and mitigate stress testing execution risk (e.g., data challenges, reducing repeat overlays or key challenges).
5. Develop a comprehensive mapping and understanding of data use throughout Capital Adequacy processes. Identify data risks, gaps, and enhancement opportunities to ensure continuous improvement for data usage.
6. Design and lead governance routines to provide effective review and challenge of data use for Capital Adequacy processes. Ensure the appropriate stakeholders are involved in discussions related to data usage and known limitations or fixes are appropriately compensated for in results.
7. Partner with key data oversight partners and the Enterprise Data Office to identify data use best practices and ensure effective communication regarding expectations with all impacted Capital Adequacy stakeholders.
8. Prepare presentations and responses for internal committee and external regulatory requests to address estimation methodology and data use risk throughout Capital Adequacy. Present responses and recommendations during regulatory meetings and with internal second-and third-line of defense partners.
9. Serve as the primary liaison between estimation methodology and data oversight teams for Capital Adequacy. Provide effective review and challenge for estimation methodology and data use, limitations, and gaps so appropriate compensating controls can be considered and applied.
10. Lead and support enhancement initiatives aimed at improving Truist’s overall capital planning process, and prepare progress updates to be shared with governance committees, including but not limited to, the Capital Adequacy Process Committee


QUALIFICATIONS
Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


1. Bachelor’s degree in business, accounting, economics, finance or equivalent education and related training
2. Ten years of banking or equivalent relevant experience
3. Significant experience with stress testing, including but not limited to, process design, model development, and forecast production
4. Experience with model development complex data lineage and data transfer implementation projects
5. Ability to lead complex projects involving multiple stakeholders and complex model use requirements
6. Strong knowledge of regulatory stress test guidance and impact to capital planning
7. Understanding of bank regulation and guidance related to stress testing and capital planning best practices as well as demonstrated ability to affect process and reporting change to comply with regulatory guidance
8. Ability to effectively communicate with multiple stakeholders, including peers throughout Finance and Risk, and executive management
9. In-depth knowledge of principles, practices, theories, and/or methodologies associated with model development. Understands foundational concepts of other related professional disciplines
10. Advanced competency in Excel and PowerPoint
11. Ability to travel as needed, occasionally overnight

Preferred Qualifications:
1. Master’s degree, MBA or relevant professional designation (e.g., CFA, FRM)
2. Seven years of analytical experience in the Corporate Treasury function
3. Experience with model development and interpretation of model results
4. G-SIB stress testing experience

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify

PDN-9d57a47e-6f1f-49f4-82d7-895cf4aa2d60
Job Information
Job Category:
Accounting
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Capital Adequacy Estimation Methodology Manager
Truist
Charlotte, NC
Oct 27, 2024
Full-time
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