What are the responsibilities and job description for the Management Consultant, Basel Regulatory Initiatives position at BIP?
Business Integration Partners (BIP) is Europe’s fastest growing digital consulting company and are on track to reach the Top 20 by 2025, with an expanding global footprint in the US (New York, Boston, Chicago, Tampa, Charlotte, Dallas, and Houston). Operating at the intersection of business and technology we design, develop, and deliver sustainable solutions at pace and scale creating greater value for our customers, employees, shareholders, and society.
With regulatory changes on the horizon, our clients have a growing need for experienced management consultants who hold expertise in this area.
The position is working with our Risk Weighted Assets (RWA) project team, responsible for ensuring RWA & Supplementary Leverage Exposure (SLE) is appropriately identified, calculated and reported with robust governance, transparency and controls, and adequately considering the Bank’s size, complexity, and overall risk profile.
Key Responsibilities:
- Performing end to end production, governance and controls of Wholesale and Retail Standardized and Advanced RWA, and SLE Actuals.
- Perform attribution and other analytics that can effectively demonstrate exposure, EAD (exposure at default) and RWA calculations.
- Research of Basel capital (RWA, SLE, GSIB) results for ensuring RWA integrity and regulatory compliance.
- Execute control processes that can effectively demonstrate US Basel III regulatory capital requirements are applied in an accurate and appropriate manner.
- Analysis of bank balance sheet by portfolio and asset type.
- Identify potential process improvements and capabilities to increase consistency, transparency, and reliability of RWA calculation, governance and controls process.
- Drive the diagnostics and remediation activities of a broad range of regulatory capital calculations that encompass governance, data and non-data controls, processes, system implementation and regulatory reporting.
- Creation of senior management presentation materials for appropriate capital decision making.
- Communication with other stakeholder groups for capital return improvement planning.
- Ability to read US Basel rules (as needed) and interpret expected impact on bank capital levels.
Qualifications:
- Strong familiarity with banking and capital market products (Derivatives, Repos, Equities, Fixed Income, etc.) and processes.
- Understanding of the different project methodologies: Agile Project Methodology, Six Sigma, or Software Development Life Cycle (SDLC) or Project Management (PMP) Certification.
- High intermediate to advanced Microsoft Excel, PowerPoint, and Access ability.
- Experience performing financial research and analysis.
- Ability to manage multiple and competing priorities and deliver timely results.
- Basel III and Basel III reforms.
- Ability to define, articulate and re-engineer complex processes and procedures, with appropriate controls, and think both strategically and tactically while driving meticulous execution.
- Ability to work autonomously to accomplish high pressure deliverables.
- Minimum 5 years’ experience in related field.
- Familiarity with SAS, Python, R Studio preferred, but not required.
- Bachelor’s Degree in Finance, Economics, Management (Master’s Degree / MBA preferred).
**The base salary range for this role is $90,000-$140,000**
Benefits:
- Choice of medical, dental, vision insurance.
- Voluntary benefits.
- Short- and long-term disability.
- HSA and FSAs.
- Matching 401k.
- Discretionary performance bonus.
- Employee referral bonus.
- Employee assistance program.
- 11 public holidays.
- 20 days PTO.
- PTO buy and sell program.
- Volunteer days.
- Paid parental leave.
- Remote/hybrid work environment support.
For more information about BIP US, visit https://www.bip-group.com/en-us/.
Equal Employment Opportunity:
It is BIP US Consulting policy to provide equal employment opportunities to all individuals based on job-related qualifications and ability to perform a job, without regard to age, gender, gender identity, sexual orientation, race, color, religion, creed, national origin, disability, genetic information, veteran status, citizenship, or marital status, and to maintain a non-discriminatory environment free from intimidation, harassment or bias based upon these grounds.
BIP US provides a reasonable range of compensation for our roles. Actual compensation is influenced by a wide array of factors including but not limited to skill set, education, level of experience, and knowledge.
Salary : $90,000 - $140,000