VP - Risk Analysis Analyst
Company: Disability Solutions
Location: Chicago
Posted on: October 4, 2024
Job Description:
Job Description:BackgroundCounterparty Credit Risk Analytics
(Data Controls & Integrity) is a function within GBAM Risk. The
group's primary function is to ensure adequate controls and
processes exist to validate the firm's Traded Products activity for
the purposes of Credit and Capital (Basel) calculations.CCRA ARCTIC
Data Management is responsible for data validation of the Traded
Products repository (ARCTIC) utilized in Basel RWA capital
calculations. The Basel control framework requires accurate
representation of the bank's Books and Records in all RWA capital
calculations performed. In addition, given that ARCTIC is also the
data source for a number of Credit and Collateral Management
processes, the team is also involved in managing these related
work-streams.Roles & Responsibilities
- Challenge existing processes to develop synergies, ensure
alignment, and stronger controls.
- View the Credit and Capital environment from a holistic
stand-point, and be able to identify inter-connecting issues.
- Leverage knowledge of Balance Sheet management and be able to
challenge certain Accounting or GL entries (as appropriate).
- Oversee the reconciliation results across specific GL
Asset/Liability classes and be able to handle all day-to-day
inquiries from numerous downstream stakeholders.
- Address data gaps, execution of tactical and strategic
solutions
- Work to ensure certain trade and indicative data is complete,
accurate and received on a timely basis.
- Liaise with Middle Office and Legal Entity Controllers on
reconciliation, with the view to resolving all outstanding
breaks
- Work with Technology groups and establish controls to ensure
all critical dependencies and batches processing are identified,
understood and manage
- Provide business specifications for technology
enhancements
- Coordinate with Middle Office and technology to ensure accuracy
of the resolution implementation
- Perform User Acceptance Testing
- Assist in preparation of monthly reporting presentations for
senior management and Enterprise Capital ReportingCandidate Skills:
- Bachelors degree or equivalent years of experience
- Preferred candidate will have Accounting qualifications
(CPA/Chartered)
- Experience in Finance, Credit Risk, Data Reporting
- Strong Traded Products knowledge, with exposure to Credit Risk
and Basel rules,
- 3+ years experience in reporting metrics to management and 2+
years experience in data analysis
- Ideally basic knowledge of the overall ARCTIC vs. GL
Reconciliation process
- Advanced proficiency in MS Excel and Power Point is
required
- Knowledge of Chart of Accounts hierarchy, with preferred
knowledge of Oracle, SAP or Insight General Ledger.Other
Requirements:
- Must be proactive, highly motivated and be able to inspire
confidence and results with the wider team
- Strong analytical skills combined with problem solving
capabilities
- Excellent verbal and written communication skills
required.
- Ability to multitask and see the issues holistically in a fast
paced environment
- Candidate must be able to manage time sensitive issues,
prioritize multiple processes and projects and articulate thought
process for decision-making.
- Ability to work well in a team environment, Confidence and
ability to work with all level of management,
- Highly detail oriented and organized - Candidate can identify
and resolve issues quickly and accuratelyMajors Considered:
Accounting, Business Administration, Finance, Economics,
Mathematics, Financial Engineering, and Information Systems with a
Business concentration.Shift:1st shift (United States of
America)Hours Per Week: 40
Keywords: Disability Solutions, Racine , VP - Risk Analysis Analyst, Executive , Chicago, Wisconsin
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