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Associate CCAR Analyst

Company: M&T Bank
Location: Buffalo
Posted on: November 18, 2021

Job Description:

Overview:

The Associate CCAR Analyst assists with more tactical processes involved in data aggregation and reporting required for developing scenarios, producing capital forecasts, and preparing presentations, memorandums, and regulatory forms for the bi-annual stress tests (i.e., Comprehensive Capital Analysis and Review (CCAR) and mid-cycle Dodd-Frank Act Stress Test (DFAST)).

Primary Responsibilities:

Perform data aggregation, entry and reporting activities in furtherance of department goals. May also be called upon to perform interpretative financial analyses utilizing modeling scenarios/activities.
Under supervision of leadership and/or Sr. Analysts, provide information to be included in presentations and written materials that will be used to convey the results of analysis/research projects to business line leaders, senior management and various risk committees.
Use forecasting models and work in collaboration with Analysts/Sr. Analysts to provide insightful analysis of risks and resource estimates and to generate forecast for CCAR submissions and other organization initiatives.
Populate data in FR Y-14 templates for review by Sr. Analysts.
Identify and bring to the attention of management errors/inconsistencies in data reporting and usage from financial reporting systems across departments.
Assist in 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 processes.
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.

Scope of Responsibilities:

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 Associate CCAR Analyst works under the supervision of managers or senior analysts but exercises latitude over work assignments. - This position has occasional contact with the internal departments within the Bank, including middle, senior and executive level management.

Education and Experience Required:

Bachelor's degree in quantitative/analytical discipline (e.g., Finance, Accounting or Economics) or relevant field of study including a minimum of two years' experience in the finance industry, OR in lieu of a degree,
A minimum of six years' experience including a minimum of two years' experience in the finance industry.
Experience with spreadsheet, word processing, and presentation software.

Education and Experience Preferred:

Finance degree and/or experience preferred.
Understanding of financial principles and regulatory and compliance agencies/issues related to the banking industry.
Effective communication skills, both written and verbal.
Two years' experience in business, finance or relevant related analytical role.
Advanced financial modeling skills.

Location

Buffalo, New York, United States of America

Keywords: M&T Bank, Buffalo , Associate CCAR Analyst, Professions , Buffalo, New York

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