|Title||Financial Services Business-Data Analyst|
On June 14, the Federal Reserve Board (Fed) released its long-awaited final rule to establish single-counterparty credit limits (SCCL), following almost seven years of proposals and re-proposals. SCCL are intended to reduce systemic risk by limiting a bank’s credit exposure to any single counterparty as a percentage of that bank’s capital, but the most recent 2016 re-proposal presented numerous operational issues for implementing these limits. In the final rule, the Fed addressed a large number of industry concerns and comments, particularly with respect to certain key definitions, operational issues, and compliance requirements.
Our “Client” is a company that specializes in analyzing data, diagnosing and solving problems for banks, insurance, and other highly regulated institutions. Our “Client” provides their clients with strategic risk management and compliance software for industry specific issues.
At the request of our “Client”, we are looking for experienced Business/Data Analysts with strong Financial Services Industry background, who have experience accessing, validating and reconciling large data sets, working on Regulatory Reporting related projects and have a strong knowledge of Financial products. The ideal candidate is expected to provide expertise and underlying data for various regulatory reporting requirements.
This role will require client interaction and thus exceptional verbal and written communication skills are a must have. The candidate will play a key role in the company’s expansion. Our Client needs someone who is entrepreneurial, driven and can take on an agile role that aligns with its business development goals.
What They Are Looking For:
The ideal candidate is a talented individual with a Financial Services/Risk Management background. This individual must be a proven self-starter, capable of performing in the role of individual contributor as well as a contributing member of an existing team currently assigned to a major Client project.
In addition to business analysis skills such as requirements gathering, writing BRD’s, performing UAT testing, the candidate will need to be able to understand and lead the client to a solution that fits their needs, resulting in the successful adoption of SA-CCR and SCCL. This will require prototyping and presenting concepts that will pave the way for large scale development efforts.