Markets Financial Planning

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Location: Mumbai

Position Summary:

The role is within the Finance FP&A team supporting the Markets business. This group is specifically tasked with managing the stress testing processes on + $1TN of total assets under varying macro-economic and business conditions. The individual will be responsible for the efforts around Comprehensive Capital Analysis & Review (CCAR/DFAST), Quarterly Multi-Year Multi-Scenario Forecasting (QMMF), and Recovery Planning related to the Markets businesses (FX, Rates, Spread products, Commodities, Equities).

The individual should demonstrate strong leadership skills and is expected to leverage technical and business acumen to deliver high quality results. The individual will collaborate with Finance, Modeling, Risk Policy, Governance, and the Global CCAR office.

Responsibilities include but are not limited to understanding the key drivers of stress testing and forecasting scenarios, their relative importance and the current trends; analyze underlying model outputs relative to prior scenarios and business expectations, ensure that the models provide rational and logical output, Reconcile detailed financial data from disparate data sources, be able to present the findings to various key stake-holders and senior management across the Markets organization; hold meaningful discussions and present to various review and challenge teams, internal and external auditors and regulators; ensure best in class governance and documentation practices for these functions; drive process efficiencies through automation for the underlying data, forecasting and reporting processes.

Key Responsibilities:

• Reliably execute and demonstrate leadership on:

o Quarterly stress testing process (CCAR, QMMF, Recovery Plan) deliverables for the Markets business,

o Associated governance activities (Manager Control Assessment, End User Computing, Activity Risk Control Monitoring and its Assessment Units)

• Review and challenge existing models, and model outputs to identify areas of improvement relative to portfolio & macro-economic trends.
• Partner with Finance team to complete requests on financial planning & CCAR/DFAST results and increased integration of credit risk & PPNR results
• Collaborate with Risk Modeling, Portfolio and New Account Forecasting, Data and Reporting teams
• Create presentations with supportive analysis, storyboard results, and lead discussions with senior management, Lead Finance Officers, Independent Risk; required as part of the business review and effective challenge process
• Establish and continually evolve standardized business and submission documentation
• Coordinate with Global CCAR Office, drive centralized reporting requirements, and communicate with Auditors and Regulators
• Partner with Risk and Finance organization to understand sources of data and continue to improve the process of defining, extracting and utilizing data.
• Identify areas of improvement in BAU and drive process efficiency through process simplification and automation (VBA, SAS, etc.)
• Manage information controls (version control, central results summary) to meet business objectives with utmost clarity

Qualifications:

• Bachelor's degree in a quantitative discipline: Mathematics, Sciences, Economics, Management, and Statistics (Master's degree in an analytical field is a plus).
• 7-9 years of work experience in financial services or management consulting.
• Strong understanding of risk management. Knowledge of the Markets industry is a plus.
• Strong understanding and hands-on experience with econometric and empirical forecasting models
• Strong CCAR / DFAST/Stress Testing experience is preferred
• Broad understanding of overall business model and key drivers of P&L.
• 5+ years of experience in using analytical packages, datacube/Essbase,Tableau, MS Office (Excel, Powerpoint)
• Vision and ability to provide innovative solutions to core business practices.
• Ability to develop partnerships across multiple business and functional areas.
• Strong written and oral communication skills.

Leadership Competencies:

• Capability and experience to drive changes in order to achieve business targets
• Senior executive interactions - can present credibly to both large and small groups
• Strong interpersonal skills and ability to influence at all levels of management
• Displays flexibility to work well with varying personal styles
• Takes personal responsibility to lead by example. Understands and appreciates diverse backgrounds.
• Demonstrates strong ethics
• Develops strong cross-functional relationships within and outside Finance organization

• Contributes to a positive work environment; shares knowledge and supports diversity

• Most Relevant Skills
  
  Analytical Thinking, Business Acumen, Data Analysis, Escalation Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Statistics.

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Job Family Group:

Finance

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Job Family:

Financial Planning & Analysis

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Time Type:

Full time

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Most Relevant Skills

Budgeting, Business Acumen, Constructive Debate, Data Storytelling, Management Reporting, Problem Solving, Risk Management, Stakeholder Management.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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