Lead Business Line/Financial Analysis Specialist, Investment Bank, Sales & Trading - Supervision Group
- New York, NY, USA
- Permanent, Full time
- Federal Reserve Bank of New York
- 25 Sep 16
See job description for details
This firm is a leading global private bank and wealth manager with investment banking capabilities. It has a global reach with operations in over 50 countries and 48,200 employees. The firm serves its clients through three regionally focused divisions: the Bank, International Wealth Management and Asia Pacific, while their presence in the U.S. is dominated by divisions specializing in investment banking capabilities to support the firm’s strategy: Global Markets and Investment Banking & Capital Markets. The size of the US footprint is about $325 billion, which makes it a systemically important firm and requires that it form an intermediate holding company (IHC) and comply with relevant provisions the Enhanced Prudential Standards for Bank Holding Companies and Foreign Banking Organizations.
Job Responsibilities :
The Lead Business Line Specialist (BLS) and Financial Analyst (FA) is responsible for managing a small team of BLS and FA examiners in evaluating the strategic direction of the firm’s sales and trading businesses, focusing on front office and finance activities and identifying: (1) any gaps between a firm’s strategic goals and its existing capabilities and (2) vulnerabilities to which these strategies may expose the firm.
In the case of an FBO such as this firm, the introduction of the IHC and the related requirements (such as CCAR) will be an important focus of the entire onsite team, including the BLS.
Specifically, this would include engaging in and managing a team focused on the following:
- Developing and maintaining relationships with key business heads for relevant businesses and, through a regular dialogue, with a focus on the following:
- Governance and control environment
- Business line’s strategy and growth initiatives
- Products and services
- Current/expected future client base and key counterparties
- Competitive environment
- Financial/business line performance metrics (i.e., revenue drivers, balance sheet usage, risk weighed assets, economic risk capital, earnings, margins, etc.)
- Risk profile/funding &liquidity profiles
- Developing and monitoring metrics that measure the performance of the targeted businesses against stated goals.
- Maintaining a current understanding of industry developments, including trends, new products, significant regulatory changes, and the implications of changes in the macroeconomic environment for their area.
- Analyzing the drivers of the firm’s revenues/earnings and the sensitivity of earnings to changes in the macroeconomic and competitive environments.
- Monitoring trends in new transactions and/or product offerings at the firm, as well as the material changes in overall strategies and inherent risks and controls.
- Identifying shifts in or deviations from the business line’s stated strategy (whether such shifts or deviations are articulated or not) and the associated potential risk implications.
- Maintaining a regular dialogue with Business Line Specialists at other firms to maintain a cross-institutional perspective.
- Working closely with all of the relevant Risk Specialists to develop an understanding of the risks presented by the business they are tracking both at their assigned firm and from a cross-institutional perspective.
- Working closely with the relevant Risk Specialists to design and implement an appropriate plan to monitor, investigate, and evaluate the efficiency of the controls in place to manage the material risks.
- Synthesizing team’s own work with the work of the relevant Risk Specialists to develop an overall view of the safety and soundness of their assigned business, and how well it is being run.
- Strong technical knowledge of Investment Banking Sales and Trading products, services and businesses.
- Audit background preferred.
- Ability to analyze financial results and draw connections between the execution of strategy and reported results.
- Strong and persuasive presentation skills.
- Leadership ability.
- Significant relevant industry and/or supervisory experience.
- Ability to engage productively with senior leaders at the firm in both a technical and supervisory capacity.
- Strong collaboration skills and the ability to work with and draw upon a wide range of technical experts to develop a holistic view of their assigned business.
- Vision to collaborate on the design - and the execution skills to implement - the supervisory program at their assigned firm.
- Strong analytical and communication skills to synthesize a view of the business line in efforts to appropriately communicate the supervisory perspective within the Bank, Federal Reserve System and at the firm.
- Critical reasoning and comfort dealing with unfamiliar or new concepts—ability to reach a supervisory conclusion with less than perfect information.
- achelor’s Degree; CFA and/or Masters in Business preferred.
This position requires access to confidential supervisory information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
All interested candidates should submit a cover letter and resume through the Bank’s FedCareers website and apply to requisition # 248004
Cover Letters must reflect individual's understanding of Financial Products.