Director – Capital Planning, Stress Testing

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Spearhead the design, implementation, and enhancement of the bank's capital planning framework and governance processes.

• Supervise the bank's stress testing program, which includes scenario design, modeling, and analysis.

• Ensure the timely and precise submission of regulatory capital plans, stress test results, and associated documentation to the Federal Reserve and other regulatory authorities.

• Collaborate with finance, risk management, and business units to refine capital forecasting methodologies and guarantee the accuracy and integration of capital projections.

• Formulate strategies for capital optimization while balancing regulatory expectations, risk exposure, and objectives for business growth.

• Monitor changing regulatory capital requirements, such as Basel III/IV, the Federal Reserve's tailoring framework for Category IV banks, and stress testing expectations.

• Engage with regulators concerning inquiries, examinations, and feedback.

• Ensure compliance with internal policies and governance frameworks.

• Lead both quantitative and qualitative assessments of capital adequacy and maintain adequate capital buffers in baseline and stressed situations.

• Provide senior leadership with insights on capital trends, risks, and opportunities.

• Advise on the development, validation, and continuous enhancement of stress testing and capital forecasting models.

• Manage a team of professionals specializing in capital planning and stress testing.

• Work collaboratively with senior management, Treasury, Finance, Risk, and Business teams.

• Present capital planning outcomes, stress test findings, and strategic recommendations to executive leadership and the Board of Directors.

• Oversee employment, performance evaluations, staff development and training, disciplinary actions, succession planning, and compliance requirements.

• Undertake special projects and additional duties as necessary.

• Comply with regulatory and compliance policies, standards, and applicable federal, state, and local laws and regulations.

• Complete requisite compliance training.

⛳️ Requirements

• Bachelor's Degree (4 years or equivalent) in Finance, Economics, Mathematics, Business, or a related discipline.

• At least 12+ years of relevant experience.

• Proficiency in financial modeling, scenario analysis, and forecasting methodologies.

• Experience interacting with regulators and managing regulatory examinations.

• Background working in a Category IV bank or a comparable regulatory setting.

• Extensive knowledge of regulatory capital requirements, including Basel III/IV, DFAST, and the Federal Reserve's tailoring framework for Category IV banks.

• In-depth understanding of industry, market, economic, and regulatory developments and their overall impact on the Bank.

• Familiarity with liquidity risk management and resolution planning.

• Strong grasp of macroeconomic trends and their implications for capital adequacy.

• Exceptional leadership and communication abilities, with the capacity to present complex financial concepts clearly to senior executives and regulators.

• Strong analytical and problem-solving skills.

• Capability to manage multiple tasks concurrently and meet established deadlines.

• Ability to cultivate and maintain strong working relationships across all levels of management.

• Proficiency in training, delegating, motivating, and reviewing staff work, as well as prioritizing team assignments.

• Travel requirements: 10% or less.

• No unusual physical exertion is required.

🏝️ Benefits

• Medical insurance.

• Dental insurance.

• Vision insurance.

• Life insurance.

• Disability insurance.

• Comprehensive leave program.

• Variable incentives, bonuses, commissions, or other awards may be included in total compensation.