Regulatory Reporting Analyst (Contract)

  • Negotiable
  • Manhattan, NY, USA Manhattan NY US
  • Contract, Full time
  • Barclays - US
  • 17 Jul 18 2018-07-17

Regulatory Reporting Analyst - Market Risk - Contract Assignment

Overall purpose of role

On 18 February 2014, the Federal Reserve proposed rules (Noticed of Proposed Rulemaking) for Foreign Banking Organizations (FBOs) to implement the requirements of sections 165 of the Dodd-Frank Act, namely:

  • Enhanced prudential standards (EPS) covering corporate governance, risk based capital and leverage requirements, and capital and liquidity planning
  • Early remediation actions, such as restrictions on distributions when an FBO exceeds certain pre-defined triggers specified by the Federal Reserve

The Federal Reserve Bank interpreted Basel III implementation effort on Barclays US Operations will be multi-year project, impacting multiple entities within Barclays, ultimately resulting in Regulatory Capital and Leverage Ratio requirement for the Intermediate Holding Company (IHC). Significant effort will be required to ensure that Barclays is fully compliant with the Fed interpreted Basel Capital Requirements which will require following to be put in place:

  • Implement defined Target Operating Model for Regulatory Capital Calculation
  • Ability to produce Standardized Basel III Regulatory Capital Charge for the Banking Book positions
  • Ability to produce Standardized Basel III Specific Market Risk charge for the Trading Book position, including SSFA approach for the securitized product
  • Ability to produce Modeled based General Market Risk Regulatory Capital Charge for the Trading Book positions
  • Ability to produce US GAAP and Supplemental Leverage ratios
  • Ability to produce projected Risk Weighted Assets to satisfy the Comprehensive Capital Adequacy and Review (CCAR) reporting requirements
  • Ability to produce pro-forma regulatory capital calculation during the implementation phase
  • Effective governance - Board and Senior Management Oversight
  • Internal Audit review
  • Model validation and model risk governance
  • Effective challenge framework

Key Accountabilities

  • Assist in implementing business architecture required to support the Regulatory Capital computation per the Federal Reserve Bank Basel III requirements across the IHC
  • Assist in implementing business architecture required to support the US GAAP and Supplementary Leverage Ratio computation per the Federal Reserve Bank Basel I/III requirements
  • Manage the detailed data gap assessment to support Regulatory Capital reporting requirement via FR Y9C and FR Y14Q, FR Y14A, FR Y15
  • Assist in understanding the impact and requirements of the evolving and complex regulatory requirements with respect to CCAR
  • Assist in implementation effort for all Regulatory Capital and Leverage Ratio requirements for the IHC with a focus on CCAR projections
  • Assist in coordinating the data aggregation within various infrastructure areas within the IHC (i.e. Front Office, Legal Entity Control, Product Control, Risk, Treasury) to complete the FRY9C and FRY14 reporting
  • Assist in the development of a Regulatory Capital data stress testing requirements for the CCAR FRY14 reporting
  • Assist in developing Regulatory Capital MI for the business and senior management reporting
  • Assist in developing a data governance and attestation framework for Regulatory Capital program and coordinate efforts with other areas feeding into regulatory capital process (i.e. Risk, Treasury)
  • Assist in develop robust internal controls governing Reg Cap including policies and procedures; change control; comprehensive documentation and review by Internal Audit

Stakeholder Management and Leadership

  • Extensive engagement with lines of business, Treasury, IHC Management, and Finance/Product Controllers.
  • Lead and engage all stakeholders to better understand RWA, Numerator, and CCAR methodology

Decision-making and Problem Solving

  • Role requires both qualitative and quantitative problem solving skills

Person Specification

Essential Skills/Basic Qualifications:

  • Bachelor of Science/Business Administration degree in Economics, Finance or Accounting
  • 1+ years of subject matter expertise in US Bank regulatory capital reporting (Call Report, FR Y-9C, FRY14)
  • 1+ years knowledge of Federal Reserve Bank Basel II.5/III regulatory Capital requirements
  • 1+ years of knowledge of Federal Reserve Bank leverage ratio requirements (Basel I and III)

Preferred Qualifications/Skills:

  • CPA preferred
  • MBA degree beneficial
  • Knowledge of US GAAP accounting
  • Knowledge of Regulatory Capital stress testing requirements for CCAR reporting
  • Experience in investment banking products including complex investments
  • Good communications skills
  • Good analytical and problem solving skills
  • Experience in financial and regulatory systems architecture
  • Good understanding of internal controls
  • Good understanding of internal controls
  • Commitment to meeting deadlines