Job Description
Position Purpose
The Basel III team focuses on US Basel III under standardized approach. The goal of this team is to define a target operating model and deploy the systems and processes of computation of Risk Based Capital ratio, in adherence to Group level standards and applicable E.U. regulations, to support the compliance of the U.S. platform (future IHC, applicable legal entities within its scope and U.S. branches and agencies with new U.S. Basel III requirements driven by the implementation of the EPS.
Responsibilities
Ensure awareness of US Basel III regulations and updates
Maintain a thorough understanding of US Basel III capital requirements and regulatory reporting requirements
Ensure preparation and execution of close process for RWA and Regulatory capital production and effective communication and coordination with other actors involved in the close process
Ensure consistency of exposures between the Accounting and the Risk or other source systems for calculation of RWA
Provide analyses of IHC spot RWA and RBC ratios
Support IHC Regulatory Reporting team for RWA and RBC related reporting such as FR Y-+C HC-R and FFIEC 102, as well as reconciliation with Regulatory Reports FR Y-+C (balance sheet, off balance sheet)
Support CCAR program for spot RWA and Regulatory Capital calculation and reporting
Ensure the proper audit trail and documentation on the Basel III RWA and RBC ratio for the IHC
Ensure that US Basel III policies are consistently applied across various businesses within the IHC (CIB, Asset Managements, BancWest)
Maintain the IHC US Basel III documentations including methodologies and procedures.
Contribute to the norms and operational committees established over the IHC RWA and Regulatory Capital
Contribute to maintenance of Moody’s Analytical (tool used for RWA and RBC calculation)
Contribute to enhancement of data quality and remediation for the IHC RWA and RBC capital calculation
In coordination with other stakeholders, establish effective reconciliations and controls process over RWA and RBC ratios
Analyze and synthesize movements in products and variations in reports
Coordinate with Bank of the West Finance for establishment of an integrated IHC RWA and RBC process
Assist the Basel III Lead with coordinating/managing internal and external resources, tracking status, key attention areas and risks, manage issues and escalate effectively
Other Job Duties
Participate in projects as required for new initiatives, process improvements or technology implementation and development
Participate in bank examinations and internal and external audits
Performs other duties as assigned
Required Experience
Requires 5years of relevant experience.
Strong Analytical and Organizational Skills
Effective Communication Skills and a professional style
Strong analytical skills and advanced technical skills (i.e. MS Word, Excel, PowerPoint, Access)
The candidate must be able to manage staff members in an environment with strict deadlines
Change management and analytical skills
Ability to build relationships across functional teams, detailed oriented, and strong leadership skills
Data Analysis and SQL experience
Technical & Behavioral Competencies
Previous financial services experience in Public Accounting (i.e., Audit or Consulting)
Strong regulatory & financial reporting knowledge prevalent in banking/financial institutions
Public Accounting and financial statement preparation experience
Strong Accounting background with solid general ledger experience
Solid knowledge on capital adequacy requirements (US Basel III) and hands-on experience
Intensive experience on RWA calculation, analysis and reporting
Accounting and reporting experiences (5 years and more) in banks or in Broker-dealers
SEC Reporting experience strongly preferred
U.S. GAAP including recent pronouncements
Knowledge of FBO and IHC requirements is preferred
Education
Bachelor’s degree in Accounting or Finance required
Master’s degree in Accounting or Finance preferred
The Basel III team focuses on US Basel III under standardized approach. The goal of this team is to define a target operating model and deploy the systems and processes of computation of Risk Based Capital ratio, in adherence to Group level standards and applicable E.U. regulations, to support the compliance of the U.S. platform (future IHC, applicable legal entities within its scope and U.S. branches and agencies with new U.S. Basel III requirements driven by the implementation of the EPS.
Responsibilities
Ensure awareness of US Basel III regulations and updates
Maintain a thorough understanding of US Basel III capital requirements and regulatory reporting requirements
Ensure preparation and execution of close process for RWA and Regulatory capital production and effective communication and coordination with other actors involved in the close process
Ensure consistency of exposures between the Accounting and the Risk or other source systems for calculation of RWA
Provide analyses of IHC spot RWA and RBC ratios
Support IHC Regulatory Reporting team for RWA and RBC related reporting such as FR Y-+C HC-R and FFIEC 102, as well as reconciliation with Regulatory Reports FR Y-+C (balance sheet, off balance sheet)
Support CCAR program for spot RWA and Regulatory Capital calculation and reporting
Ensure the proper audit trail and documentation on the Basel III RWA and RBC ratio for the IHC
Ensure that US Basel III policies are consistently applied across various businesses within the IHC (CIB, Asset Managements, BancWest)
Maintain the IHC US Basel III documentations including methodologies and procedures.
Contribute to the norms and operational committees established over the IHC RWA and Regulatory Capital
Contribute to maintenance of Moody’s Analytical (tool used for RWA and RBC calculation)
Contribute to enhancement of data quality and remediation for the IHC RWA and RBC capital calculation
In coordination with other stakeholders, establish effective reconciliations and controls process over RWA and RBC ratios
Analyze and synthesize movements in products and variations in reports
Coordinate with Bank of the West Finance for establishment of an integrated IHC RWA and RBC process
Assist the Basel III Lead with coordinating/managing internal and external resources, tracking status, key attention areas and risks, manage issues and escalate effectively
Other Job Duties
Participate in projects as required for new initiatives, process improvements or technology implementation and development
Participate in bank examinations and internal and external audits
Performs other duties as assigned
Required Experience
Requires 5years of relevant experience.
Strong Analytical and Organizational Skills
Effective Communication Skills and a professional style
Strong analytical skills and advanced technical skills (i.e. MS Word, Excel, PowerPoint, Access)
The candidate must be able to manage staff members in an environment with strict deadlines
Change management and analytical skills
Ability to build relationships across functional teams, detailed oriented, and strong leadership skills
Data Analysis and SQL experience
Technical & Behavioral Competencies
Previous financial services experience in Public Accounting (i.e., Audit or Consulting)
Strong regulatory & financial reporting knowledge prevalent in banking/financial institutions
Public Accounting and financial statement preparation experience
Strong Accounting background with solid general ledger experience
Solid knowledge on capital adequacy requirements (US Basel III) and hands-on experience
Intensive experience on RWA calculation, analysis and reporting
Accounting and reporting experiences (5 years and more) in banks or in Broker-dealers
SEC Reporting experience strongly preferred
U.S. GAAP including recent pronouncements
Knowledge of FBO and IHC requirements is preferred
Education
Bachelor’s degree in Accounting or Finance required
Master’s degree in Accounting or Finance preferred
💡 Quick Summary
Seeking a career-building opportunity? The AM | REGULATORY REPORTING| NORTH AMERICA|International Service Hub position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.