Stress Testing Analyst Sr

Full-time
Westbury, NY, United States - Accounting & Finance - Posted Apr 18, 2018
Requisition Number: 180000CN

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Description

JOB SUMMARY

A Senior Stress Testing Analyst provides support for various aspects of stress testing, and regulatory reporting for the Stress Testing Organization. The Stress Testing Analyst Sr. may to collect and/or produce stress testing deliverables, document processes and procedures involved in regular stress testing and develop meaningful materials necessary for the annual DFAST submission. Responsible for the support of the development of the stress models that meet regulatory and bank requirements, including ICAAP. Completes assignments within various projects to enhance the stress methodology and analysis by applying a comprehensive knowledge of Capital, Liquidity and CRE Stress Testing concepts and principles ensuring the quality, timeliness and successful implementation of the Federal guidelines and Bank requirements.

 

ESSENTIAL FUNCTIONS

Prepares analyses and research related to Capital, CRE and Liquidity for DFAST and CRE stress testing. Summarizes trends and findings in a manner appropriate to the audience. Assist with the production of documentation and information critical to analyses. Interacts with other team members to obtain information and data. Prepares and tracks documentation relative to the DFAST submission and CRE Concentration stress testing. Remains current on regulations, procedures and practices pertinent to stress testing. Recommends process improvements to enhance documentation and data collection and improve reporting. Participates in the development and implementation of business policies, processes and procedures. Participates in continuous process improvement efforts in DFAST and CRE Concentration Stress Testing. Develops and maintains appropriate project documentation, including resolutions, communication, risk matrices, status reports and other relevant documents. Enhances knowledge and skills by attending workshops, reviewing publications and training materials, establishing professional networks, and participating in professional societies. Document scenario results: Understand and document the results of stress scenarios, Assist in completion of the stress scenario templates, Assist in the development and delivery of all reports regarding stress test methodologies and results, and Conduct high-impact analysis to support decision making. Reporting: Review and analyze stress test results; assist in the preparation of materials for presentation and approval with BPOs and Proof reads and redlines DFAST, CRE ST supporting documents as required. Process Improvements: Work to advance the overall stress testing documentation, procedures and process flows by initially capturing all for ERM, Audit and Regulator review and then refining same based on evaluation reports and continuous improvement methods, Identify issues and develop recommendations for improving the stress testing process, and Create standardize templates and reports that would improve efficiency as applicable. Areas of Responsibility for all Stress Testing: Under the direction of the Stress Testing Program Manager, complete relevant tasks as requested, Ensure quality standards and reliability in DFAST and CRE ST reporting, Assist in tracking task completions and timelines, and Assist in assembling all regulatory requirements associated to submissions. Performs special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.

 

EDUCATION AND EXPERIENCE

Bachelor degree in business or financial services. Minimum of five years of experience related to capital stress testing, concentration testing and capital planning. Business Analysis certification preferred. Minimum of five years of experience as a Business Analyst relative to the banking or financial services industry.

 

KNOWLEDGE, SKILLS AND ABILITIES

Knowledge of DFAST stress testing regulations and requirements. Knowledge of banking and credit risk including key risk drivers. Knowledge of basic risk management concepts and principles, valuation of basic instruments and basic accounting principles. Broad knowledge of and the ability to write and apply advanced business analysis concepts, practices and procedures related to assigned area. Strong quantitative and analytical skills. Computer literate with advanced proficiency in internet navigation, word processing, spreadsheet, presentation and database applications. Strong problem solving and analytical skills. Excellent verbal and written communication skills. Detail oriented. Displays initiative and courage. Comprehensive knowledge of and the ability to apply advanced concepts, practices and procedures used in the assigned line of business. Strong customer service and business focus with an excellent attention to detail. Effective research and analysis skills. Ability to work independently and follow through assignments to completion. Ability to meet established deadlines. Ability to exercise sound judgment. Ability to maintain confidentiality.

 

ABOUT NEW YORK COMMUNITY BANCORP, INC.

New York Community Bancorp, Inc. (NYSE: NYCB) is one of the 25 largest bank holding companies in the nation, with assets of $48.3 billion and a market cap of $6.4 billion at June 30, 2017. With deposits of $28.9 billion and 255 branches in Metro New York, New Jersey, Florida, Arizona, and Ohio, NYCB also rank among the largest depositories in the United States. NYCB operates through two banks with eight local divisions - New York Community Bank a savings bank with 225 branches throughout our five-state franchise; and New York Commercial Bank which has 30 branches. With a longstanding reputation for strength, stability and service, NYCB is proud to be committed to the communities it serves. To learn more about the NYCB Family of Banks visit us at www.mynycb.com

 

BRANCH OUT and help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

 

NYCB is an equal opportunity employer that prohibits discrimination in hiring or terms and conditions of employment on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information or any other classification protected by the federal, state, and local laws and ordinances.

 

This policy is applicable to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. When necessary, NYCB will reasonably accommodate employees and applicants with disabilities or with religious requirements necessitating accommodation.

 

In addition, NYCB complies with all applicable laws which govern nondiscrimination in employment in every location in which NYCB does business.

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