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Financial Solutions Lead

  • Location: New York, 10013
  • Job Type:Contract

Posted about 1 month ago

Grow your career as a Financial Solutions Lead with an innovative global bank in New York, NY. Long-term contract with excellent growth potential. Will be required to work onsite 2-3 days per week. Will be charged to execute upon the organization’s most important process improvements and technology-led strategic and regulatory initiatives. Will focus on, ensuring process & data correctness, building efficiencies in reporting, and streamlining processes within Risk Weighted Assets (RWA) Reporting. Will manage all aspects of multiple projects including end-to-end planning across Capital Planning framework, identifying and structuring the problem being remediated, analysis and synthesis of its root causes, creation of new options/solutions, organizing the programs and prioritizing, executing and obtaining necessary buy-ins. Will contribute to overall design, roll-out and in formulating/setting direction for newer processes and business architecture transformations including the strategic and regulatory funded projects on RWA. Will act as a Lead, RWA SME (subject matter expert) or key driving agent for positive change on multiple projects and initiatives at the same time.
 
Responsibilities:
  • Drive regulatory deliverables and remediation efforts to systemically automate and/or into production across the Capital Continuum with specific focus on RWA. Act as the Business Lead on the regulatory projects with responsibility for all the phases of SDLC, from requirement gathering, business analysis, design of solutions/operating models to overseeing the Technology partners doing development, UAT teams as required, and to go-live in production.
  • Research the business problem, related issues and then develop and socialize solutions and improvements with all the relevant partners and seniors (including all key requirements and constraints).
  • Provide support RWA calculations using Basel rules for wholesale Banking Book including exposure types such as securitization and other exposure types.
  • Understand the current state, design and create the lead business view of the new target states and operating models (people, process, systems) for the most critical Capital Planning processes.
  • Drive process, control, and technology improvements for Capital Planning processes, with the goal of reducing manual processes and improving the control environment.
  • Accountable for credible evaluation of methodologies, results, governance, and processes and contributes to future strategy of the overall approach accepting and conducting review and challenge.
  • Use business proof of concepts (e.g., utilizing Excel, diagrams, etc.) to analyze and identify deficiencies and to design enhancements and proposals.
  • Present outcome of proof of concepts, in partnership with others, to senior leaders to get sponsorship for solutions.
  • Act as an end-to-end expert on individually owned initiatives and work streams. Is a fast learner on new initiatives and projects by reaching out and gathering all the facts.
  • Plan and execute upon the agreed upon tactical as well as strategic road map of each initiative to drive improvements, innovations and transformations.
  • Own and drive new solutions, designs and build (the manual and automated portions) with partners, for the ultimate development of new capabilities and the aggregation, reporting and visualization of the results.
  • Emphasize improvements, with a business lens, that ultimately help solve big problems, streamline global processes, reuse existing infrastructure, improve timeliness, automate information flows, leverage latest technologies, eliminate large redundant steps, reconciliations and multiple manual touch points.
  • Maintain written documentation of projects for senior management communications and/or in case of an audit requirement.
  • Continuously improve own expertise of the capital planning domain to be a trusted advisor in the area.
  • Participate in assessing and incorporating changing business, regulatory and market information needs into finance processes and applications.
 
Qualifications:
  • BS/BA in Business, Finance, Computer Science/Information Systems, Engineering or related field. Master’s Degree in related areas/MBA or CPA/CFA is a plus.
  • 6-10+ years of experience in Financial Services, Business Consulting/IT Sector, Engineering or related, preferably working on large solutions, remediation initiatives, technology-led improvements and/or transformations, and preferably within functions such as finance (e.g., FP&A), risk, product development, client solutions, technology, regulatory, process engineering or similar.
  • Knowledge of Capital Planning, Capital Adequacy, Banking Regulations or Risk Management from a global bank perspective or a subject matter expert in a related specific field.
  • Understanding of RWA production processes and/or systemic implementation across various asset classes including its business level capital attribution to assist in taking capital considerations into account when making decisions and/or to identify uncertainties or breaks and the required compensating measures.
  • Knowledge of securitization risk stripe a plus.
  • In-depth knowledge of banking products/systems highly preferred.
  • Knowledge of Capital Planning, Capital Adequacy, Banking Regulations, Financials or Risk Management from a global bank perspective (e.g., Basel etc.) or otherwise a recognized subject matter expert in a related complex area/field.
  • Prefer work experience in Basel teams and have knowledge of Basel III, Basel III reforms (sometimes referred to as Basel IV).
  • Relevant industry certifications are a plus e.g., PMP (PMI), PRM (PRMIA), FRM (GARP), Scrum, etc.
  • Understanding of large bank/global company intricacies, and multi-dimensional processes and systems.
  • Proficiency in Microsoft Office applications (Excel & PowerPoint in particular).
  • Proven ability to lead/deep-dive into various areas across LOBs/Functions, adaptable in his/her role.
  • Presents regulatory, financial or technical intricacies in language and context that is easily understood by audience.
 
About our client
 
Our client stands as one of the worlds most renowned global banks and trusted brand with over 200 years of continuously evolving financial services. Its teams provide unique insights to more than 200 million clients and enable progress all over the world. While growing your career, you will work alongside some of the smartest minds in the industry who are excited to share their knowledge and to learn from you.

Candidates will be responsible for following the client's COVID-19 protocols. Please refer to your MATRIX representative for specifics.

About Us

At MATRIX, we expertly match talented professionals with job opportunities to elevate careers. Since 1983, we have placed thousands of professionals at innovative clients across every industry ranging from small startups to Fortune 50 companies. It’s why we’re consistently in the top 25 of all U.S. IT staffing firms and why our consultants rate us well above the industry average, earning us ClearlyRated's Best of Staffing awards year after year. People come to us for a job, and stay with us because of our top-notch consultant care.

MATRIX is and Equal Employment Opportunity employer and provides reasonable accommodations for qualified individuals.  Supporting medical or religious documentation will be required where applicable. If you are a qualified individual with a disability, you may request a reasonable accommodation under the American Disability Act (ADA) by emailing MATRIX_HR@MatrixRes.com. To ensure a quick response to your request, please use the words “Accommodation request” as the subject line of your email.