As a Treasury - Capital Management in the Commercial & Investment Bank Treasury team, you will focus on capital management and support the development and execution of related strategies to influence, optimize, measure, and report on business performance. You will have exposure across the firm’s Treasury teams and work with partners who manage the businesses’ balance sheet, funding, and liquidity strategies. You will collaborate with various stakeholders across the firm to drive business results while adhering to regulatory constraints and internal controls.
In addition, you will assist the department and other team members with special projects or components of other projects as needed.
Job responsibilities:
Focus on capital allocation frameworks and methodology for Commercial Investment Bank including the following:
- Help drive consistency in financial resource allocations and business incentives across the firm, product segment, regional, and client levels - considering the interaction of regulatory and economic risk constraints at various levels.
- Help in the development, implementation, and ongoing monitoring of CIB capital framework - including aggregation of data for pro forma analyses, preparation of materials for Lines of Business (LOB) syndication related to new initiatives, and real-time review of new business/trade opportunities
- Assist in routine and ad-hoc reviews of business-level returns on capital-consuming activities – as measured through Return of Equity (ROE) and returns on other individual resource constraints (e.g. GSIB, liquidity, etc.)
- Develop understanding of current and future regulatory rule changes (e.g. Basel 3 Endgame globally, capital reform advocacy in the U.S., Federal Reserve stress testing regime and related effects on firmwide capitalization decisions, etc.) - understand the potential impacts on CIB, evaluate mitigation strategies, and serve as a subject matter expert for reporting inquiries (quarterly earnings prep, Investor Day, executive reviews, etc.).
- Partner with internal stakeholders (Planning & Analysis, Lines of Business, Finance, Risk, and Technology) to support and improve business tools - providing real time insight on total client value and business returns, and socializing impacts on performance measurement to end users and senior leadership
- Develop partnerships with key stakeholders and increase foundational knowledge of CIB businesses and operating environment as responsibilities progressively increase
- Oversee operational forecasting and budgeting tasks for certain CIB financial elements on a monthly and quarterly basis, including collection of stakeholder inputs, processing, management reporting, and routine variance analytics for items within scope of expertise (e.g. common and preferred equity allocations, associated funds transfer pricing and dividends, etc.)
- Enhancing controls and streamlining processes, introducing automation where possible
Required Qualifications, Capabilities, and Skills:
- Bachelor’s degree in Accounting, Finance or a subject of a technical nature
- 5+ years of work experience, in Financial Services, and/or accounting/controller background
- Proficient in Microsoft applications, specifically Excel and PowerPoint.
- Experience with Alteryx, Tableau, and AI tools - and other Data reporting/visualization tools. Proficiency with data mining/gathering and manipulation of data sets
- Strong verbal and written communication skills, with the ability to articulate complex issues clearly
- Highly motivated, self-starter, and able to thrive and think clearly under pressure and tight deadlines - with excellent time management/prioritization skills
- Team player with the ability to be respected as a trusted partner for the Business, Finance, and FP&A Teams
Preferred Qualifications, Capabilities, and Skills:
- Professional accounting or financial qualification a plus (e.g. CFA, CPA, CA, ACCA)
- Experience in analytical reviews and presentation of business performance
- Previous experience in a finance or planning role in banking or financial services
- Strong fundamental understanding of bank profitability, key drivers of risk and return, and the impact of external trends or industry regulation
- Experience with financial resource management in a bank treasury environment, supporting different CIB products (Banking and Markets)
- Knowledge of U.S. implementations of Basel regulatory capital rules a plus (e.g. leverage requirements, Risk- weighted assets, Global Systemically Important Bank surcharge (GSIB), Stress Capital Buffer (SCB), Comprehensive Capital Analysis & Review (CCAR), etc.)