Basel III Senior Analyst

Truist Financial - Charlotte, NC

Part-time,Full-time - Mid Level

Charlotte, NC

Credit Intermediation and Related Activities

About the position

The Basel III Senior Analyst position at Truist is a critical role that supports key initiatives related to the planning and eventual transition to Basel III regulatory capital requirements. This position involves establishing data requirements and sourcing, interpreting rules, and providing supporting documentation. The analyst will conduct impact analysis and incorporate findings into Truist's broader financial performance management framework. The role requires collaboration with various stakeholders, including senior and executive leadership, regulatory agencies, and internal teams, to ensure a seamless transition to the new regulatory environment. The analyst will support Truist's Basel III transition program, which includes program and project management, governance requirements, and engagement with key stakeholders. A comprehensive assessment of the Notice of Proposed Rulemaking will be led by the analyst, which includes developing a rule interpretation database, conducting a current-state data assessment, and performing a gap analysis along with a pro-forma financial assessment. The role also involves developing business requirements to implement an effective reporting and calculation framework, engaging with stakeholders to create a future-state operating model. Additionally, the analyst will support program leadership with technology infrastructure assessments, identifying capabilities required for future-state reporting. This includes collaborating with internal IT and external vendors to document future-state requirements and oversee necessary documentation and testing. The analyst will assess the implications of revised capital rules on Truist's management reporting and internal profitability management framework, ensuring that new requirements are effectively implemented across the management reporting process. The role also requires identifying second-order implications, such as stress testing and forecasting, and engaging with Truist leadership to incorporate these into appropriate processes and governance frameworks. Overall, the analyst will support the broader regulatory and financial reporting team to ensure a smooth transition from current to future state reporting requirements.

Responsibilities

• Supports Truist's Basel III transition program, including program and project management and associated governance requirements and engagement with key stakeholders.
• 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.
• Develops business requirements to implement an effective reporting and calculation framework. Engages with stakeholders to develop future-state operating model.
• Supports program leadership with technology infrastructure assessments that clearly identify capabilities required for future-state reporting; collaborates with internal IT / external vendors to document future-state requirements, and oversee documentation and testing as necessary.
• 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.
• Identifies second-order implications (e.g., stress testing, forecasting, etc.) and engages with Truist leadership to ensure future-state requirements are incorporated into appropriate processes and governance frameworks.
• Supports broader regulatory and financial reporting team to ensure seamless transition from current state to future state reporting requirements.

Requirements

• Bachelors Degree in Finance, Accounting, Mathematics, or related fields
• Ten years of senior analyst level experience that includes progressive responsibilities with experience engaging with high performing teams
• Excellent leadership and cross-functional management and engagement skills, with experience building relationships across a complex, diverse organization
• 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
• 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
• Experience engaging with cross-functional teams to effectively implement a robust documentation, review and challenge framework across an integrated stress testing framework
• In depth knowledge of large bank regulatory framework
• Experience with supporting complex data management initiatives
• Ability to build consensus across the organization through effective communication of complex subject matter
• Proven track record of leading change management initiatives while developing innovative solutions to large complex issues
• Extensive knowledge of banking products and lines of business
• Strong presentation skills and experience interacting with key internal and external stakeholders
• Experience with incorporating automation and data science to improve efficiency across various functions

Nice-to-haves

• Advanced degree (e.g., masters) in Finance, Accounting, Mathematics, or related fields
• Industry designations such as Chartered Financial Analyst (CFA), Financial Risk Manager (FRM)

Benefits

• Medical, dental, vision, life insurance
• Disability insurance
• Accidental death and dismemberment insurance
• Tax-preferred savings accounts
• 401k plan
• Vacation days (minimum of 10 days, prorated based on date of hire)
• Sick days (10 days, prorated)
• Paid holidays
• Defined benefit pension plan (depending on position and division)
• Restricted stock units (depending on position and division)
• Deferred compensation plan (depending on position and division)