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PwC Risk and Reg - Treasury Manager (CECL) in New York, New York

Specialty/Competency: Financial Risk

Industry/Sector: Banking and Capital Markets

Time Type: Full time

Travel Requirements: Up to 80%

A 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 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:

  • Develop new skills outside of comfort zone.

  • Act to resolve issues which prevent the team working effectively.

  • Coach others, recognise their strengths, and encourage them to take ownership of their personal development.

  • Analyse complex ideas or proposals and build a range of meaningful recommendations.

  • Use multiple sources of information including broader stakeholder views to develop solutions and recommendations.

  • Address sub-standard work or work that does not meet firm's/client's expectations.

  • Use data and insights to inform conclusions and support decision-making.

  • Develop a point of view on key global trends, and how they impact clients.

  • Manage a variety of viewpoints to build consensus and create positive outcomes for all parties.

  • Simplify complex messages, highlighting and summarising key points.

  • Uphold the firm's code of ethics and business conduct.

The Financial Services industry is operating in a challenging environment due to global economic pressure, new accounting standards (CECL), increasing regulatory demands and capital requirements, and significant operational and technology changes. Our growing Financial Services Advisory team provides strategy, management, technology and risk consulting services to help major financial institutions around the world respond to their most complex business challenges.

Job Requirements and Preferences :

Basic Qualifications :

Minimum Degree Required :

Bachelor Degree

Additional Educational Requirements :

Graduate degree; quantitative degree

Minimum Years of Experience :

6 year(s)

Preferred Qualifications :

Degree Preferred :

Master of Science

Preferred Fields of Study :

Business Administration/Management, Mathematical Statistics, Statistics, Applied Mathematics, Financial Mathematics, Mathematics, Accounting & Finance, Finance, Financial Markets, Economics and Finance, Quantitative Finance, Banking and Finance, Economics, Business Analytics

Preferred Knowledge/Skills :

Demonstrates extensive abilities and/or a proven record of success in credit risk management and analytic roles emphasizing the following areas:

  • Developing or applying credit loss forecasting models for use in CECL and stress testing estimates (experience with commercial and retail preferred, but emphasis on commercial);

  • Possessing experience with vendor models (e.g., Moody’s RiskCalc, Moody’s CMM, Trepp DM, Moody’s MPA / APA, etc.) and their application in deriving CECL estimates or CCAR estimates;

  • Possessing experience applying qualitative frameworks to adjust model outcomes in allowance estimation;

  • Possessing experience developing or applying credit analytics and reporting to facilitate portfolio management or provide support for allowance documentation;

  • Possessing experience with internally developed platforms, or vendor platforms used for executing CECL and/or stress testing estimates for loan portfolios;

  • Developing and/or monitoring performance of commercial risk rating scorecards; and,

  • Leading or playing a significant role in commercial lending and credit process redesign initiatives, such as streamlining credit approval processes, better aligning deal team execution and delivery to client segmentation schemes, implementing Basel II process redesign initiatives, redesigning risk management organization or functional responsibilities, enhancing loan review processes, and/or enhancing loss mitigation/recovery processes.

Demonstrates extensive abilities and/or a proven record of success as a team leader:

  • Supervising teams to create an atmosphere of trust and seeking diverse views to encourage improvement and innovation; and,

  • Answering questions and providing direction to less-experienced staff.

For positions in Colorado, visit the following link for information related to Colorado's Equal Pay for Equal Work Act: https://pwc.to/coloradoadvisorymanager .

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 law. PwC is proud to be an affirmative action and equal opportunity employer.

PwC 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

For positions based in San Francisco, consideration of qualified candidates with arrest and conviction records will be in a manner consistent with the San Francisco Fair Chance Ordinance.

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Please note that, at this time, to be in-person at a PwC office, client location or PwC-sponsored events, you must be fully vaccinated against COVID-19.

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