Date: Feb 7, 2014
Location: Stamford, CT, US
Financial Reporting Manager – Basel II/III-13017153
Description
The Financial Reporting Manager is part of the AXP Controllership Basel Regulatory Reporting team. The Basel Regulatory Reporting team is primarily responsible for FFIEC 101 filings and Pillar 3 Disclosures applicable for AXP.
Responsibilities Include:
1. Develop, document and implement Basel III requirements to ensure AXP is Basel III compliant as per timelines aligned with regulators. This will include the following activities:
- Develop Requirement documents related to Basel III Advanced and Standardized approach including RWA Calculation changes from Basel II rules, new data requirements, changes to Data Quality checks, implementation of Basel III FFIEC 101 schedules & Pillar 3 requirements.
- Participate in sourcing discussions for additional sourcing requirements related to Basel III and assist in source identification
- Perform User Acceptance Testing for Oracle Data Store (ODS) as well as RWA Calculator (OFSAA) for changes related to BIII as compared to Basel II
- Identify, develop, document and build changes to Analytical Reporting, Manual Adjustments and other related processes currently associated with Basel II
2. Develop, document and implement an E2E new exposure management process to ensure that impacts from new products, technology development, GAAP/IFRS changes and other process are fully incorporated into the Basel process in a timely and appropriate process. An E2E process of this nature is critical in ensuring that the Basel process is robust and up to date at each reporting date. This will give the impacted teams the needed time to comply with Basel reporting requirements (e.g. developing risk weights) and limit the use of the Non-Material category. This team will lead a bottoms up approach to ensure that new exposures are identified and on boarded appropriately and will cover the following discovery processes (current plan):
- New Product Launches – aligning and liaising with key contacts in Controllership, GBI, LFO, AET and Bank teams to ensure that Basel requirements are incorporated to project requirements as new products are developed and launched. The team will work closely with product teams to develop business requirements and ensure they are implemented correctly.
- Investments/Trades – work with Treasury and other contacts to ensure changes in investment portfolios are compliant with Basel requirements.
- M&A/Partnership/Divestiture – work closely with M&A GAPA and Enterprise Growth Controllership to ensure that Basal implications are incorporated into MAD processes.
- System Changes – partner with AET to ensure that Controllership is aligned with projects that are requiring system changes and that these changes do not have an impact on the Basel process.
- New CCID Setup – ensure that Basel impacts are covered as new CCIDs are established.
The last 2 items also serve as a stop-gap control for items that may have been missed in the first 3 processes.
Qualifications
- Deep knowledge of Basel II / III and/or prior implementation experience
- 5 plus years of significant financial reporting and accounting experience
- Undergraduate degree in Accounting or Finance required
- Graduate degree and/or CPA a plus
- Project management experience preferred
- Strong understanding of Regulatory, US GAAP, and SEC reporting and accounting guidelines with an emphasis in understanding the Capital Adequacy process
- Proven ability to effectively interact with all levels across the organization including leadership/officers and Board members as well as with external regulators and auditors
- Demonstrated strength in leading change, analyzing and resolving issues, driving results and managing performance
- Ability to manage multiple priorities, drive projects, improve processes, and work well under time-pressured deadlines
- Strong written and oral communication skills and executive presence
- Highly motivated and effectively works independently within a team construct, while supporting teamwork and achievement of team objectives
Job: Finance
Primary Location: US-Connecticut-Stamford
Other Locations
US-New York-New York
Schedule: Full-time
Nearest Major Market: Bridgeport
Nearest Secondary Market: Danbury
Job Segments: Financial, Accounting, Banking, Bank, Database, Finance, Technology
Description
The Financial Reporting Manager is part of the AXP Controllership Basel Regulatory Reporting team. The Basel Regulatory Reporting team is primarily responsible for FFIEC 101 filings and Pillar 3 Disclosures applicable for AXP.
Responsibilities Include:
1. Develop, document and implement Basel III requirements to ensure AXP is Basel III compliant as per timelines aligned with regulators. This will include the following activities:
- Develop Requirement documents related to Basel III Advanced and Standardized approach including RWA Calculation changes from Basel II rules, new data requirements, changes to Data Quality checks, implementation of Basel III FFIEC 101 schedules & Pillar 3 requirements.
- Participate in sourcing discussions for additional sourcing requirements related to Basel III and assist in source identification
- Perform User Acceptance Testing for Oracle Data Store (ODS) as well as RWA Calculator (OFSAA) for changes related to BIII as compared to Basel II
- Identify, develop, document and build changes to Analytical Reporting, Manual Adjustments and other related processes currently associated with Basel II
2. Develop, document and implement an E2E new exposure management process to ensure that impacts from new products, technology development, GAAP/IFRS changes and other process are fully incorporated into the Basel process in a timely and appropriate process. An E2E process of this nature is critical in ensuring that the Basel process is robust and up to date at each reporting date. This will give the impacted teams the needed time to comply with Basel reporting requirements (e.g. developing risk weights) and limit the use of the Non-Material category. This team will lead a bottoms up approach to ensure that new exposures are identified and on boarded appropriately and will cover the following discovery processes (current plan):
- New Product Launches – aligning and liaising with key contacts in Controllership, GBI, LFO, AET and Bank teams to ensure that Basel requirements are incorporated to project requirements as new products are developed and launched. The team will work closely with product teams to develop business requirements and ensure they are implemented correctly.
- Investments/Trades – work with Treasury and other contacts to ensure changes in investment portfolios are compliant with Basel requirements.
- M&A/Partnership/Divestiture – work closely with M&A GAPA and Enterprise Growth Controllership to ensure that Basal implications are incorporated into MAD processes.
- System Changes – partner with AET to ensure that Controllership is aligned with projects that are requiring system changes and that these changes do not have an impact on the Basel process.
- New CCID Setup – ensure that Basel impacts are covered as new CCIDs are established.
The last 2 items also serve as a stop-gap control for items that may have been missed in the first 3 processes.
Qualifications
- Deep knowledge of Basel II / III and/or prior implementation experience
- 5 plus years of significant financial reporting and accounting experience
- Undergraduate degree in Accounting or Finance required
- Graduate degree and/or CPA a plus
- Project management experience preferred
- Strong understanding of Regulatory, US GAAP, and SEC reporting and accounting guidelines with an emphasis in understanding the Capital Adequacy process
- Proven ability to effectively interact with all levels across the organization including leadership/officers and Board members as well as with external regulators and auditors
- Demonstrated strength in leading change, analyzing and resolving issues, driving results and managing performance
- Ability to manage multiple priorities, drive projects, improve processes, and work well under time-pressured deadlines
- Strong written and oral communication skills and executive presence
- Highly motivated and effectively works independently within a team construct, while supporting teamwork and achievement of team objectives
Job: Finance
Primary Location: US-Connecticut-Stamford
Other Locations
US-New York-New York
Schedule: Full-time
Nearest Major Market: Bridgeport
Nearest Secondary Market: Danbury
Job Segments: Financial, Accounting, Banking, Bank, Database, Finance, Technology
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