Financial Risk - Capital Management, Senior Manager at PwC
Florham Park, NJ 07932
About the Job
Industry/SectorBanking and Capital MarketsSpecialismFinancial RiskManagement LevelSenior ManagerJob Description & SummaryA career in our Balance Sheet Management practice, within Financial Risk and Regulatory services, will provide you with the opportunity to help business leaders embed a proactive and dynamic risk management capability and mind set into their corporate business practices
From strategy through to implementation, we help put in place people, processes and technology so they can leverage financial risk management to identify new opportunities and pursue success as smoothly, systematically and sustainably as possible in the face of changing markets, technologies and competition
Our team provides our clients with gap assessments as well as design and implement processes to facilitate asset and liability management, funding and liquidity planning and stress testing, and capital management
You’ll help build tools that enable our clients to efficiently utilise capital and liquidity resources, consistent with regulatory expectations.To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level
To help us achieve this we have the PwC Professional; our global leadership development framework
It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.As a Senior Manager, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution
PwC Professional skills and responsibilities for this management level include but are not limited to:Encourage everyone to have a voice and invite opinion from all, including quieter members of the team.Deal effectively with ambiguous and unstructured problems and situations.Initiate open and candid coaching conversations at all levels.Move easily between big picture thinking and managing relevant detail.Anticipate stakeholder needs, and develop and discuss potential solutions, even before the stakeholder realises they are required.Contribute technical knowledge in area of specialism.Contribute to an environment where people and technology thrive together to accomplish more than they could apart.Navigate the complexities of cross-border and/or diverse teams and engagements.Initiate and lead open conversations with teams, clients and stakeholders to build trust.Uphold the firm's code of ethics and business conduct.A career in Capital Management, within Financial Services Advisory Risk & Regulatory, will allow you to advise financial institutions on continuing to enhance their stress testing capabilities and responding to regulatory feedback
As clients continue to enhance their capabilities, you will help clients to utilize stress testing as an integral tool for risk and capital management and as a driver of core business insights, rather than simply a regulatory requirement. Job Requirements and Preferences:Basic Qualifications:Minimum Degree Required:Bachelor DegreeMinimum Years of Experience:7 year(s)Preferred Qualifications:Degree Preferred:Master DegreePreferred Fields of Study:Business Administration/Management, Accounting, Finance, EconomicsPreferred Knowledge/Skills:Demonstrates intimate-level abilities and/or proven record of success with one or more of the following: Banking products and services; Macroeconomic and regulatory environment as they relate to financial institutions; and, Business process design, modeling, and automation as well as related tools (e.g., visualization, bots). Demonstrates intimate-level abilities and/or a proven record of success in how to lead or facilitate relevant project management or client consultations in the areas of risk management, emphasizing a combination of some of the following areas by: Understanding of risk-weighted assets (RWA) and capital guidelines in the Basel framework; Supporting the following as it relates to on- and off-balance sheet exposures: ALM modeling, RWA modeling, reviewing and challenging of balance sheet and RWA model projections under various macroeconomic scenarios; Having the ability to develop and document narratives for management and regulatory purposes including capital plan write up, support for model and assumption methodology and results; Demonstrating knowledge in capital stress testing processes, other stress testing process or regulatory reporting processes; Assessing regulatory requirements for regulatory capital and compliance issues in the banking industry (FRTB, CCAR, ICAAP, PRA, Volker, Basel III etc.); Demonstrating familiarity with the application and limitations of risk and reporting metrics used by banks; Demonstrating proactive risk management strategies and tools, including risk identification, market risk reporting, limit monitoring/escalation and excess resolution; Demonstrating experience with front office systems and market data and understanding of data flow between multiple systems including reporting tools; and, Having the ability to obtain, process, and analyze large data sets, including through the usage of SQL, SAS, Teradata and other data analysis tools and understand technical and business requirements in those tools. Demonstrates intimate-level abilities and success with identifying and addressing client needs by: Participating in client discussions and meetings actively; Building, maintaining, and utilizing networks of client relationships and community involvement, communicating value propositions, managing resource requirements, project workflow, budgets, billing and collections, and preparing and/or coordinating complex written and verbal materials using extensive technical skills in MS Office; Communicating complex messages clearly and concisely in verbal and written form; Managing client feedback and navigating ambiguous situations to deliver on client requests; and, Building relationships with internal and client stakeholders. Demonstrates intimate-level abilities and success as a team leader and individual contributor by: Creating a positive environment by monitoring workloads of the team while meeting client expectations and respecting the work-life quality of team members; Demonstrating thorough ability to communicate project goals and objectives, project status and deliverables, build consensus and present standard industry practices/point of view effectively; Providing candid, meaningful feedback in a timely manner; Keeping leadership informed of progress and issues; and, Considering cross-cultural differences, seeking diverse views to encourage improvement and innovation, and fostering a global mindset for the team. Travel RequirementsUp to 60%Job Posting End DateLearn more about how we work:
PwC is proud to be an affirmative action and equal opportunity employer.The salary range for this position is: $130,000 - $256,000, plus individuals may be eligible for an annual discretionary bonus
Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws
PwC offers a wide range of benefits, including medical, dental, vision, 401k, holiday pay, vacation and more
To view our benefits at a glance, please visit the following link:
From strategy through to implementation, we help put in place people, processes and technology so they can leverage financial risk management to identify new opportunities and pursue success as smoothly, systematically and sustainably as possible in the face of changing markets, technologies and competition
Our team provides our clients with gap assessments as well as design and implement processes to facilitate asset and liability management, funding and liquidity planning and stress testing, and capital management
You’ll help build tools that enable our clients to efficiently utilise capital and liquidity resources, consistent with regulatory expectations.To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level
To help us achieve this we have the PwC Professional; our global leadership development framework
It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.As a Senior Manager, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution
PwC Professional skills and responsibilities for this management level include but are not limited to:Encourage everyone to have a voice and invite opinion from all, including quieter members of the team.Deal effectively with ambiguous and unstructured problems and situations.Initiate open and candid coaching conversations at all levels.Move easily between big picture thinking and managing relevant detail.Anticipate stakeholder needs, and develop and discuss potential solutions, even before the stakeholder realises they are required.Contribute technical knowledge in area of specialism.Contribute to an environment where people and technology thrive together to accomplish more than they could apart.Navigate the complexities of cross-border and/or diverse teams and engagements.Initiate and lead open conversations with teams, clients and stakeholders to build trust.Uphold the firm's code of ethics and business conduct.A career in Capital Management, within Financial Services Advisory Risk & Regulatory, will allow you to advise financial institutions on continuing to enhance their stress testing capabilities and responding to regulatory feedback
As clients continue to enhance their capabilities, you will help clients to utilize stress testing as an integral tool for risk and capital management and as a driver of core business insights, rather than simply a regulatory requirement. Job Requirements and Preferences:Basic Qualifications:Minimum Degree Required:Bachelor DegreeMinimum Years of Experience:7 year(s)Preferred Qualifications:Degree Preferred:Master DegreePreferred Fields of Study:Business Administration/Management, Accounting, Finance, EconomicsPreferred Knowledge/Skills:Demonstrates intimate-level abilities and/or proven record of success with one or more of the following: Banking products and services; Macroeconomic and regulatory environment as they relate to financial institutions; and, Business process design, modeling, and automation as well as related tools (e.g., visualization, bots). Demonstrates intimate-level abilities and/or a proven record of success in how to lead or facilitate relevant project management or client consultations in the areas of risk management, emphasizing a combination of some of the following areas by: Understanding of risk-weighted assets (RWA) and capital guidelines in the Basel framework; Supporting the following as it relates to on- and off-balance sheet exposures: ALM modeling, RWA modeling, reviewing and challenging of balance sheet and RWA model projections under various macroeconomic scenarios; Having the ability to develop and document narratives for management and regulatory purposes including capital plan write up, support for model and assumption methodology and results; Demonstrating knowledge in capital stress testing processes, other stress testing process or regulatory reporting processes; Assessing regulatory requirements for regulatory capital and compliance issues in the banking industry (FRTB, CCAR, ICAAP, PRA, Volker, Basel III etc.); Demonstrating familiarity with the application and limitations of risk and reporting metrics used by banks; Demonstrating proactive risk management strategies and tools, including risk identification, market risk reporting, limit monitoring/escalation and excess resolution; Demonstrating experience with front office systems and market data and understanding of data flow between multiple systems including reporting tools; and, Having the ability to obtain, process, and analyze large data sets, including through the usage of SQL, SAS, Teradata and other data analysis tools and understand technical and business requirements in those tools. Demonstrates intimate-level abilities and success with identifying and addressing client needs by: Participating in client discussions and meetings actively; Building, maintaining, and utilizing networks of client relationships and community involvement, communicating value propositions, managing resource requirements, project workflow, budgets, billing and collections, and preparing and/or coordinating complex written and verbal materials using extensive technical skills in MS Office; Communicating complex messages clearly and concisely in verbal and written form; Managing client feedback and navigating ambiguous situations to deliver on client requests; and, Building relationships with internal and client stakeholders. Demonstrates intimate-level abilities and success as a team leader and individual contributor by: Creating a positive environment by monitoring workloads of the team while meeting client expectations and respecting the work-life quality of team members; Demonstrating thorough ability to communicate project goals and objectives, project status and deliverables, build consensus and present standard industry practices/point of view effectively; Providing candid, meaningful feedback in a timely manner; Keeping leadership informed of progress and issues; and, Considering cross-cultural differences, seeking diverse views to encourage improvement and innovation, and fostering a global mindset for the team. Travel RequirementsUp to 60%Job Posting End DateLearn more about how we work:
https://pwc.to/how-we-workPwC
does not intend to hire experienced or entry level job seekers who will need, now or in the future, PwC sponsorship through the H-1B lottery, except as set forth within the following policy: https://pwc.to/H-1B-Lottery-Policy.All
qualified applicants will receive consideration for employment at PwC without regard to race; creed; color; religion; national origin; sex; age; disability; sexual orientation; gender identity or expression; genetic predisposition or carrier status; veteran, marital, or citizenship status; or any other status protected by lawPwC is proud to be an affirmative action and equal opportunity employer.The salary range for this position is: $130,000 - $256,000, plus individuals may be eligible for an annual discretionary bonus
Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws
PwC offers a wide range of benefits, including medical, dental, vision, 401k, holiday pay, vacation and more
To view our benefits at a glance, please visit the following link:
https://pwc.to/benefits-at-a-glanceSummaryLocation:
NY-New York; NJ-Florham ParkType: Full time 