SVP - PPNR Forecasting & Budgeting - BFSI

This role will be part of Forecast Execution team established by Global FP&A head and Capital Planning head to:

- Provide oversight over execution of CCAR/DFAST, Quarterly Multi-Year Multi-Scenario Forecasting (QMMF) and Operating Plan

- Ensure delivery of all PPNR workstream deliverables including forecast analysis, governance, and controls requirements

- Drive target state process design for organization's planning processes working closely with FP&A, Treasury / Capital Planning, Risk, Tax, and business teams This role will be part of the FP&A Budgeting and Forecasting team within Forecast Execution. This role provides support, analysis, and insight for the CCAR-PPNR Stress Testing & Quarterly Multi-Year Multi-Scenario Forecast (QMMF) process. The role works in a team that interacts closely with each business unit to create and model financial results and projections for each line of business.

- Through this analysis, the team facilitates the stress testing projections, which are used for the regulatory Comprehensive Capital Analysis and Review process (CCAR) and QMMF.

- Deliverables include, but are not limited to, quarterly forecasts and downside scenario generation, analytics of P&L and balance sheet components, review of forecasting methodologies, Y14A Federal Reserve templates, ad-hoc analysis and presentations for regulators, Board of Directors, Operating Committee and senior stakeholders.

- The work involves a mix of analytics, forecasting governance, and project/process improvement work as part of the through quarterly cycles. A critical component of the role is to be able to understand data structures throughout the firm and help remediate such issues for the PPNR team.

Responsibilities:

- Manage the delivery of full range of services to one or more businesses/geographic regions and interact with peers internally/externally

- Coordinate and drive CCAR & QMMF production, development of review and analytics materials

- Escalate and anticipate critical issues, bottlenecks for timely resolution. Drive to meet CCAR & QMMF deadlines as per the official calendar

- Support MRIA/MRA (Matter requiring immediate attention) as applicable and addresses feedback from the regulators on modeling approaches, risk sensitivities

- Work with Ruby and modeling team to implement models online as much as possible. Reduce the use of EUC and manual model runs

- Coordinate technology BOW to facilitate efficiency in process and reduction of offline models

- Work on projects to ensure forecasting data granularity is at the right granularity

- Execute Review and Challenge of PPNR key assumptions and analysis of key sensitivities in preparation for submission to senior management and the Board

- Coordinate FP&A activities for CCAR & QMMF, including liaising with global Finance business units, Risk and Treasury; the ability to build partnerships is very important

- Develop analytics and analytical tools to help drive understanding of key results by the businesses and senior management, as well as to support the review and challenge execution

- Develop presentations and analysis of review and challenge activities/results to PPNR Senior Governance Group

- Support resolution of Fed questions/variance analysis, develop and review Fed materials

- Support external and internal audits of the PPNR process and results

- Change agent mentality and ability to work as part of a broader team are very important; identifying gaps and streamlining processes are primary elements of the role

- Execute rigorous Review and Challenge of all CCAR & QMMF activities, workstream adjustments, final model results and qualitative modeling approaches/expert judgment; review and challenge of overlays is a key focus given recent regulatory feedback

Qualifications:

- Minimum of 12+ years of relevant finance/business/accounting/MIS experience in financial services

- Degree in Economics, Finance, Accounting or related discipline

- Financial statement/product knowledge.

- Ability to translate complex financial schedules into meaningful analysis and presentations

- Demonstrated analytical skills, including the ability to synthesize quantitative and qualitative data to draw conclusions and assist with decision making

- Quick learner, ready to dive in to details, gain good business knowledge of all businesses, and become a PPNR expert/ go-to leader

- Strong interpersonal skills, with a balance of assertiveness and discretion to be a credible and sought after resource

- Flexibility to be effective and persuasive with all levels of management

- Ability to build key cross-functional and cross-business relationships

- Change agent mentality to drive for process enhancements and simplification; demonstrated ability to lead projects

- Good working knowledge of RUBY system is a plus