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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:
The position will support key initiatives related to the planning and eventual transition to Basel III regulatory capital requirements. This includes establishment of data requirements and sourcing, rule interpretation and supporting documentation, impact analysis and incorporation into Truist’s broader financial performance management framework.
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. Supports Truist’s Basel III transition program, including program and project management and associated governance requirements and engagement with key stakeholders (including senior and executive leadership, regulatory agencies).
2. Leads comprehensive assessment of Notice of Proposed Rulemaking, including the development of a rule interpretation database, creation of a current-state data assessment and gap analysis, and pro-forma financial assessment.
3. Develops business requirements to implement an effective reporting and calculation framework. Engages with stakeholders to develop future-state operating model.
4. Supports program leadership with technology infrastructure assessments that clearly identify capabilities required for future-state reporting; collaborates with internal IT / external vendors (if applicable) to document future-state requirements, and oversee documentation and testing as necessary.
5. Assesses implications of revised capital rules on Truist’s management reporting and internal profitability management framework, and engages with appropriate stakeholders to effectively implement new requirements across Truist’s management reporting process.
6. Identify second-order implications (e.g., stress testing, forecasting, etc.) and engage with Truist leadership to ensure future-state requirements are incorporated into appropriate processes and governance frameworks.
7. Supports broader regulatory and financial reporting team to ensure seamless transition from current state to future state reporting requirements.
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. Bachelors Degree in Finance, Accounting, Mathematics, or related fields
2. Ten years of senior analyst level experience that includes progressive responsibilities with experience engaging with high performing teams
3. Excellent leadership and cross-functional management and engagement skills, with experience building relationships across a complex, diverse organization
4. Deep experience with Corporate Treasury and Capital Management, as well as related disciplines impacting Capital Management and financial reporting frameworks, including data management and reporting controls
5. Comprehensive knowledge of regulatory capital and risk-weighted asset requirements and related expectations regarding regulatory reporting; ability to develop and implement effective governance structures to ensure regulatory and internal stakeholder expectations are met.
6. Experience engaging with cross-functional teams to effectively implement a robust documentation, review and challenge framework across an integrated stress testing framework
7. In depth knowledge of large bank regulatory framework
8. Experience with supporting complex data management initiatives
9. Ability to build consensus across the organization through effective communication of complex subject matter
10. Proven track record of leading change management initiatives while developing innovative solutions to large complex issues
11. Extensive knowledge of banking products and lines of business
12. Strong presentation skills and experience interacting with key internal and external stakeholders
13. Experience with incorporating automation and data science to improve efficiency across various functions
Preferred Qualifications:
1. Advanced degree (e.g., masters) in Finance, Accounting, Mathematics, or related fields
2. Industry designations such as Chartered Financial Analyst (CFA), Financial Risk Manager (FRM)
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.
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