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Business Analyst (CCAR)

Maxnet Technologies LLC
New York, New York, United States
November 14, 2016

Posted By Premium Recruiter



Our Client is looking Finance IT is looking to staff a business analyst for support of the firm’s CCAR (Comprehensive Capital Analysis and Review) program. CCAR is a supervisory assessment by the Federal Reserve of the capital planning processes and capital adequacy of large, complex domestic bank holding companies (BHCs) and is a now a requirement of FBO (Foreign Bank Organizations).

Generally speaking, the business analyst responsibilities will include analyzing and documenting all Finance requirements for project or modifications to existing system/process, liaise with IT developers to communicate those requirements, plan/coordinate all user testing, coordinate implementation/migration as necessary and communicate to project leadership team and/or senior management on project status throughout the project lifecycle.

Location: Jersey City

Domain: Finance/Investment Banking

Experience: 8+


BA candidates should have representative experience in the following areas:

• Conduct in depth data sourcing exercise relating to CCAR FR Y-14Q reporting

• Construct end to end data flow models for relevant CCAR reporting

• Develop required project artifacts (BRD, FRD etc.) to supporting automation of data sourcing

• Gathering FPM’s business requirements-PPNR, regulatory capital, risk weighting, cross functional workflows, CCAR reporting, etc.

• Provide subject matter expertise related to technical CCAR/PPNR program knowledge, implementation, testing and certification for remediation projects

• Ensure GAP analysis is done on data and for all related changes to existing IT systems and/or interfaces where appropriate

• Ability to translate FPM’s requirements into IT functional specifications to facilitate reports development, modeling workflow, reconciliation answer questions and mitigate gaps

• Develop a reconciliation approach to validate all FR Y-14Q data against the golden source of financial data (GL)

• Liaise with external software vendor / IT developers to communicate data sourcing requirements and current/future state architecture

• Formulate project plans (where appropriate) including requirements gathering, testing and implementation

• Support the UAT with users and migration to production

• Contribute to process re-engineering and process improvement where applicable

• Support user’s training and documentation as needed

The ideal candidate should have a minimum of 8-10 years of experience in data sourcing, systems implementation, process improvements or systems re-engineering projects with a banking organization or consulting company with background in Regulatory or Financial Reporting.

Specific experience includes:

• CCAR specific data sourcing experience

• Experience in US or foreign banking organization (commercial bank or broker dealer), Bank Holding Company (preferred).

• In depth understanding of CCAR reporting requirements (In particular FR Y-14A, FR Y-14Q, FR Y-14M and FR Y-9C)

• Experience in managing the planning, documenting, testing, and executing, along with tasks, budgets, timelines, and project team members to successfully complete projects

• Develops documentation to support the project planning and implementation process.

• Capital Markets experience preferred with focus on subledger middle to back office data flows

• General Ledger experience required (PeopleSoft, Oracle Suite, SAP, etc.)

• Experience in process mapping / process flows / process modeling required

• Re-engineering experience good to have

• Business analysis experience good to have

• Data analysis and modeling experience good to have

• Prior experience with reporting and modeling tools good to have (QRM, Axiom, Reg-Reporter, etc.)

• Strong attention to detail

• Experience in representing complex issues based on comprehensive analysis in a holistic and understandable manner … funny to say it this way, perhaps Ability to synthesize complex information and present it to stakeholders in a straightforward and clear manner

• Very strong communication skills

Technical proficiencies

• Minimal requirements - MS Word, MS Project, MS PowerPoint and MS Excel (expert level), MS Access, Visio