Vice President - CCAR Banking Activities Controller - Finance - IHC CCAR Controls - BNP Paribas - New York, NY

Vice President - CCAR Banking Activities Controller - Finance - IHC CCAR Controls - BNP Paribas - New York, NY -

Enterprise Overview
CIB is answerable for the company and investing actions of the BNP Paribas Group. CIB is split into a number of areas, together with: Asset Legal responsibility Administration/Treasury, Company Finance, International Equities and Commodity Derivatives, Fastened Revenue, Portfolio Administration, Company Banking, and Worth Preservation Group. These teams cowl a variety of merchandise, shoppers, and markets throughout the monetary providers business.

In accordance with part 165 of the Dodd-Frank Act (DFA), BNP Paribas is required to determine an Intermediate Holding Firm (IHC) over its US subsidiaries. Forward of the implementation of the IHC in 2016, an IHC Program has been established with a collection of labor streams to help danger-based mostly capital and leverage requirements, monetary regulatory reporting, enhanced governance necessities, liquidity danger management, and different pending necessities.

The Intermediate Holding Firm (“IHC”) program structured on the U.S. degree throughout poles of actions of BNP Paribas offers steerage, helps the evaluation, influence evaluation and drives changes of the U.S. platform’s working mannequin because of the drastic modifications launched by the Enhanced Prudential Requirements (“EPS”) for Overseas Banking Organizations (“FBOs”) finalized by the Federal Reserve in February 2014, implementing Part 165 of U.S. Dodd-Frank Act.

One of many program work stream pertains to the Complete Capital Evaluation and Assessment (CCAR) course of, with a devoted sub-work stream to take a look at management points of the totally different CCAR elements, resembling:

• CCAR Governance


• Danger urge for food and evaluation, together with identification, limits, marketing strategy…


• State of affairs-based mostly Forecasting, together with stress testing, state of affairs elaboration and projection


• Financial Capital and different Measures of Capital Adequacy, together with aggregation and analytics


• Capital Adequacy and Contingency, together with forecasting, adequacy evaluation and capital allocation


• Regulatory and management reporting and disclosures, together with attestation and stress check disclosures


• Knowledge structure and knowledge management, together with knowledge upkeep and knowledge high quality


• Documentation, together with coverage, procedures, finish to finish evaluation…

Scope
BNPP is in search of candidates to hitch the CCAR Finance Management staff, which is a part of the broader Finance Management group established to help the IHC Program. The CCAR Finance Management staff will probably be answerable for coordinating the top-to-finish CCAR management course of, equally to the interior management necessities specified by the FED for Monetary reporting course of.

The group will work intently with different enterprise and useful areas to safe compliance with numerous laws for inner management effectiveness for monetary info disclosure.

Interplay might be with native or regional groups, primarily based mostly in New York, which can run and help the CCAR course of but in addition probably with central Head Workplace groups if element of the CCAR course of are run or supported from there.

Obligations
The CCAR Finance Management workforce is accountable to design and implement the CCAR management framework on the IHC degree, through the undertaking part, by early 2016, then to run and oversee all CCAR associated management Gadgets. Persistently with anticipated IHC regulatory inner management necessities, inner management framework for CCAR shall be organized and pushed by COSO tips, based mostly on its 5 elements and 17 rules. Persistently, it’ll embrace controls design and implementation for: Governance and Oversight, Danger & Management evaluation, Unbiased evaluate and Monitoring, Management of actions, Remediation and reporting.
Operationally, for all of the areas of CCAR elements (see Enterprise Overview part), key duties /parts are:

• To determine key processes of the CCAR elements in line with COSO methodology,


• To carry out walkthrough and create narratives for the important thing processes


• To construct dangers/controls matrices and specify management gaps identification


• To coordinate and/or contribute to the management testing, and report management deficiencies

For this place, particular obligations can be to design, implement and monitor the group for inner management of the CCAR course of for banking actions besides Capital Markets ones.

For these areas, the place would be the one among a topic professional associated to inner management for CCAR course of.

Qualifications

Good information of COSO management framework is a should have. Similar for understanding about capital necessities

Candidates could have labored in exterior audit and/or advisory agency, reviewing Company and Retail Banking , actions, probably beneath CCAR requirement, performing course of walkthrough and unbiased testing

Wonderful verbal and written communication expertise (English language)

Rigorous, self-disciplined, taking note of element

Dedicated to take care of robust management surroundings

Capability to work together with individuals in several areas, constructing assured and dependable enterprise relationship

Means to stick to strict challenge and manufacturing deadlines, displaying robust planning and group expertise

Proficient in Microsoft Workplace Suite (Phrase, Excel, Entry, & PowerPoint)

Bachelor in finance or audit. MBA and/or CPA are a plus

SUBMIT YOUR CV HERE

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