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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
The position is a senior leadership role within Truist's Capital Adequacy and Resolution Planning division, focusing on programmatic enhancements to Truist's capital and resolution planning processes. The position will lead cross-functional efforts to enhance Truist's enterprise-wide Capital Planning efforts, including identifying and implementing opportunities to align with industry best practices and evolving supervisory expectations.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
Lead the development, organization, planning, and implementation of strategic change and transformational initiatives related to Truist's enterprise-wide Capital Planning program, including the annual Comprehensive Capital Analysis and Review (-CCAR-) and related Capital Plan submission and related stress testing activities.
Represent the Capital and Resolution Planning team, as needed, on Truist enterprise-wide strategic projects within Truist Enterprise Change & Transformation operating model (i.e., governance, cadences, and processes); provide leadership as a subject matter expert to serve as single point of contact for the Capital and Resolution Planning team .
Leverage proven understanding of regulatory requirements and expectations to build robust, sustainable practices and methodologies for Truist's Capital Planning and related areas (including risk identification and scenario design, estimation methodology governance, forecast review and governance and results aggregation and summarization).
Advise senior management on prioritization and effective implementation through clear guidance on objectives and project priorities, execution of project plan, analysis of downstream impacts and risks, escalation and effective challenge of project issues, and mitigation recommendations.
Lead key elements of Truist's capital stress-testing activities, including CCAR / Dodd-Frank Act Stress Test (DFAST) stress testing; activities include stress test coordination, overarching controls and governance, development of the Annual Capital Plan and regulatory submission of all required elements. Responsible for leading the Horizontal Regulatory examinations including CCAR and the related Horizontal Capital Exam (HCE).
Manage capital planning program requirements in line with enterprise risk governance standards, including committee reporting standards, policy and procedure requirements and other governance requires as necessary.
Manage and coordinate engagements with risk partners in the First, Second, and Third lines of defense for exams and reviews, to more efficiently provide documentation and responses to findings on behalf of process owners.
Support ongoing assessment of Truist's practices relative to regulatory guidelines (e.g., SR 15-18) and other industry practices, and identify and oversee implementation of initiatives to enhance Truist's practices and capabilities.
Active speaker and participant in key Executive-level Committee meetings, while also leading the compilation of presentation materials for the Board Risk Committee and supporting management-level committee meetings, and/or Executive Leadership meetings. The creation and delivery of effective and concise presentations to executive management covering complex and detailed analysis on various capital-related topics and/or strategies.
Engage business partners and Executive Leadership to develop relationships, meet business needs, and lead the integration of financial and strategic planning to support robust and cohesive financial risk decisions.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor's Degree in Finance, Engineering, Science, Mathematics, or related fields
At least twelve years of senior level management experience that includes progressive supervisory responsibilities with experience leading high performing teams
Excellent leadership and management skills, with experience building relationships across a complex, diverse organization
Comprehensive knowledge of regulatory capital requirements, stress testing methodologies and financial forecasting techniques
Proven success with managing high-impact transformative initiatives that involve multiple stakeholders across different organizational structures
An in-depth understanding of mechanics and dynamic of bank balance sheets and associated exposures. Demonstrated understanding of impacts to regulatory capital under severe macroeconomic stress scenarios
In depth knowledge of large bank regulatory framework and key constraints that drive balance sheet optimization. Proven understanding of, and experience with, capital planning requirements under SR 15-18
Experience with developing forecasting approaches (models, EUCs) that meet regulatory and other stakeholder expectations
Ability to build consensus across the organization through effective communication of complex subject matter
Proven track record of leading change management initiatives while developing innovative solutions to large complex issues
Extensive knowledge of banking products and lines of business
Strong presentation skills and experience interacting with key internal and external stakeholders
Experience with incorporating automation and data science to improve efficiency across various functions
Preferred Qualifications:
Advanced degree (e.g., masters) in Finance, Engineering, Science, Mathematics, or related fields
Leadership in capital and / or resolution planning functions at a global systemically important bank (GSIB)
Industry designations such as Chartered Financial Analyst (CFA), Financial Risk Manager (FRM)
Leadership in capital planning functions at a global systemically important bank (GSIB)
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no
. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.
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