Operational Risk Capital Lead Analyst, Vice President

The Vice President, Lead Operational Risk Capital Analyst, is a key contributor within the Operational Risk Capital, Stress Testing and Scenario Analysis team.

This team has responsibility for executing the Comprehensive Capital Analysis and Review (CCAR) stress test for the operational risk workstream, executing internal stress testing and capital adequacy programs, producing operational risk capital estimates in support of the Advanced Measurement Approach (AMA), preparing for implementation of the Basel 3 Endgame requirements, and owns the models and related scenario analysis methodology that support execution of the operational risk component of the ICAAP / ICARA process globally.

The role reports to the Managing Director Capital Analysis, Stress Testing & Scenario Analysis.

The role will require the incumbent to interface with a diverse group of stakeholders; including senior management, risk and control owners, Business Executives, Audit and regulators to achieve risk measurement and risk management objectives.

The role requires a leader who has knowledge of global regulatory requirements, supervisory guidance and industry best practices related to capital planning and stress testing.

The role requires some experience with designing and implementing capital estimation and stress testing programs.

The role requires excellent communication and partnership skills in order to influence a wide variety of stakeholders.

Key Responsibilities include :

Lead the quantitative assessment of operational risk including the maintenance and execution of the capital model

Collaborate with model development / analytics teams to meet internal and regulatory review, validation and audit needs

Lead the execution of various capital stress testing programs including CCAR, internal capital adequacy, stress testing

Act as model owner for models that contribute to the ICAAP / ICARA process, partner with model analytics team to develop and maintain these models, and develop and maintain the scenario analysis methodology that is leveraged globally to produce loss estimates that serve as key inputs to the ICAAP / ICARA models

Facilitate scenario analysis workshops designed to derive both risk management and risk measurement value

Provide reporting and insights on the Bank’s exposure to operational risk, including peer benchmarking

Contribute to the preparation of regulatory reporting

Enter and validate capital program data for downstream use in Archer, VENA, CME and other applications

Ensure that key processes and controls are thoroughly documented and executed in line with Corporate standards

Qualifications :

Minimum of least 15 years of management experience in financial services; operational risk / Finance focus preferred

Conceptual thinking skills must be complemented by a strong qualitative orientation

Impeccable written and oral communication credentials,

Advanced expertise with scenario analysis, stress testing, regulatory reporting and operational risk capital

Demonstrated experience driving consensus between competing opinions and objectives across a diverse group of stakeholders with varying levels of expertise

Advanced subject matter expertise in operational risk and related modeling concepts

Familiarity with SR 15-18 supervisory expectations for capital planning

Detail oriented with a demonstrated ability to independently manage and prioritize a book of work spanning multiple strategic priorities

Strategic thinker with a demonstrated ability to distill complex, ambiguous information to create effective solutions and insights for leaders

Ability to quickly analyze the status quo and identify opportunities for continuous improvement or re-engineering

Equivalent to a university degree in computer science, business, accounting or related field. Additional academic degree (e.

g., MBA, doctorate) preferred

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying.

If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world.

From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people.

We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive.

Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs.

And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients.

We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality.

Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader.

You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com / careers

Salary Range :

$110,000 - $185,000 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.