The CCAR Analyst assists with analytical processes involved in developing scenarios, producing capital forecasts, and preparing presentations, memorandums, and regulatory forms as part of the bi-annual stress tests (i.e., Comprehensive Capital Analysis and Review (CCAR) and mid-cycle Dodd-Frank Act Stress Test (DFAST)).
- Perform detailed, interpretative financial analyses utilizing complex modeling scenarios. Review model inputs and outcomes to ensure accuracy of results.
- Assist in developing presentations, scenario narratives, memorandums and regulatory forms that analyze and summarize M&T’s capital projections for senior management, internal risk governance committees and regulators.
- Use forecasting models and work in collaboration with Sr. Analysts and other departments (Credit Risk, Treasury, Finance etc.,) and business lines
- to provide insightful analysis of risk and resource estimates developed
- to generate forecast for CCAR submissions and other organizational initiatives.
- Assist in the completion and submission of all required FR Y-14 templates, capital plan submission document, and M&T’s public disclosures related to stress test results.
- Develop strong partnerships with business managers to gain an understanding of underlying business drivers and issues that may affect scenario development and capital forecasting.
- Perform analyses to identify and resolve errors and inconsistencies in data reporting and usage from financial reporting systems and across departments.
- Conduct research and analyses of industry and peer bank data; keep appraised of regulatory developments affecting the bi-annual stress tests requirements and best practices.
- Document scenario development and forecasting processes; identify and implement improvements to reporting and forecasting capabilities in order to generate meaningful financial data to better serve senior management and facilitate decision-making.
- Assist in training Associate Analysts, as required.
- Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.
- Promote an environment that supports diversity and reflects the M&T Bank brand.
- Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
- Complete other related duties as assigned.
NATURE AND SCOPE:
- The CCAR Team plays a critical role in conducting the bi-annual stress tests for M&T. The stress tests were developed by the Federal Reserve to assess the capital adequacy of financial institutions, under different economic stress scenarios. Loss estimates from credit, market, interest rate, operations, reputational and other identified risks are determined based on the Bank’s existing portfolio and new originations over the forecast horizon, using a combination of quantitative models and expert judgment. The loss estimates are matched against capital sources and the required capital adequacy measures are evaluated for estimated losses under different economic scenarios.
- The CCAR Analyst works under limited supervision and may be required to exercise independent judgment and discretion. This position has regular contact with the internal departments within the Bank, including middle, senior and executive level management.
MINIMUM QUALIFICATIONS REQUIRED:
- Bachelor’s degree in quantitative/analytical discipline (e.g., Finance, Accounting or Economics, Engineering or Business) or relevant field of study and minimum of three years’ relevant experience including a minimum of one year’s experience in the finance or risk related industry, OR in lieu of degree, a combined seven years’ higher education and/or work experience within a relevant field, including a minimum of one year’s experience in the finance or risk related industry.
- Proven experience at an intermediate level with spreadsheet, word processing and presentation software.
Strong communication skills, verbal and written.
IDEAL QUALIFICATIONS PREFERRED:
- MBA or advanced degree preferred.
- Knowledge of financial principles and regulatory and compliance agencies/issues related to the banking industry.
- Previous exposure to capital forecasting and/or regulatory capital reporting.
- Previous experience with CCAR/DFAST and regulatory reporting templates.
- Advanced financial modeling skills.