Director of Recovery Planning

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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 Director of Recovery Planning will lead the development of Truist’s recovery plan. This individual will lead the development and performance of complex financial analysis (e.g., forecasting, valuation) and devise optimal strategies and analysis that supports Truist’s recovery actions. The Director of Recovery Planning will work with risk and finance partners to develop a cohesive contingency planning framework across the continuum of stress.

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.    Perform detailed financial and operational assessments of the legal entities, business lines, and products / services of Truist Financial Corporation and Truist Bank; ensures robust and accurate documentation of all research performed, and promotes effective challenge of observations and recommendations
2.    Manage the process of identifying and aggregating key financial and non-financial data as direct or indirect inputs into the recovery and resolution plans; ensure data quality standards and document key data aggregation dependencies, timelines and controls
3.    Lead the development and performance of complex financial analysis (forecasting, valuation) in support of recovery and resolution planning strategies and alternatives; perform sensitivity and scenario analysis to inform decision-making of potential recovery and resolution strategies, and leads efforts to identify the resolution strategy that results in the least cost to the FDIC deposit insurance fund
4.    Ensure comprehensive documentation of the financial management of different legal entities, including intercompany funding and capitalization (and related contingencies / dependencies); Implements ongoing monitoring and reporting of such intercompany arrangements
5.    Support efforts to build out different contingency and recovery actions through the continuum of stress; assess feasibility, financial impact, timeliness and other governance considerations of contingency and recovery actions
6.    Lead and support additional special projects as assigned; these may include financial and operational analysis, ad-hoc support for large-scale projects, and other one-time or recurring initiatives as needed

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.    Strong understanding of financial concepts and proven financial modeling and analysis ability; demonstrated understanding of financial statements, including drivers of results 
4.    Proven understanding of, and ability to navigate, complex data sourcing and aggregation processes; ability to engage with data management teams to ensure well-controlled and accurate data is provided and incorporated into recovery and resolution plans
5.    Experience developing and performing recovery and resolution planning-related financial projections, liquidity analysis, and / or asset valuation
6.    Proven ability to effectively manage complex projects and initiatives, including multiple business partners across different areas as well as large / complex data sets; demonstrated organizational skills 
7.    Deep knowledge of bank regulatory requirements, including IDI Resolution Plan and 165(d) Resolution Plan rules and regulatory requirements and guidance
8.    Ability to think strategically and understand cross-functional impacts of actions and decisions
9.    Excellent communication skills, including experience authoring regulatory submissions and responses, and ability to communicate with a wide range of audiences including Senior / Executive Leadership, line of business associates, peers, regulators and consultants

Preferred Qualifications:
1.    Master’s degree or professional designations (e.g., Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) 
2.    Ten or more years of experience performing complex financial analysis, including comprehensive financial projections and valuation analysis under a variety of macroeconomic scenarios
3.    Proven leadership experience in Corporate Treasury, Risk Management, or Accounting / Controller roles
4.    Experience developing and performing advanced resolution planning financial modeling measures (e.g., RLEN/RLAP, RCEN/RCAP) and/or liquidity stress testing and modeling
5.    Ability to communicate efficiently and effectively with various professionals (e.g., Senior Leadership / Executive Management, line of business associates, regulators, consultants)
6.    Proven ability to develop clear, concise presentations intended for broad audiences

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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