Director of Capital Planning, Chelmsford MA, Hybrid, Full-Time

Schedule

Mon - Fri: 8 AM - 5 PM (40 Hours)

What You'll Do

Summary/Objective:

Responsible for the development, enhancement, execution, and documentation of all aspects of capital analysis, forecasting, and planning, providing programmatic leadership for the credit union's capital ratios, including our annual capital plan and stress testing program. This position is expected to work closely with various business areas to ensure capital measures are compliant with NCUA and other regulatory guidelines, forecasts are reliable and actionable, capital is utilized efficiently, and the regulatory plans that are outputs of these activities demonstrate the strength of our capital planning framework and associated governance policies.

Essential Functions:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Develop capital planning framework consistent with the credit union's unique exposures, activities, and risks that is consistent with strategic, credit, and capital plans.
• Responsible for estimating projected capital measures in both business-as-usual and stress environments, used in business strategy, which includes but is not limited to, capital return actions and extension of credit or the amount of exposures that can be accommodated.
• Coordinate end-to-end Comprehensive Capital Analysis and Review and Dodd-Frank Act Stress Tests (CCAR/DFAST) execution, including capital adequacy assessment, ongoing remediation, and off-cycle capital adequacy assessments with CCAR/DFAST workstreams.
• Develop stress testing program and collaborate with functions across the credit union in order to ensure timely receipt of stress testing deliverables, document processes and procedures involved in regular stress testing, interact on a regular basis with other areas regarding scenario development and deliverables, analyze stress test results and complete required templates and reporting.
• Develop, execute, and document strategic capital initiatives, including driving regulatory advocacy on capital related matters and providing strategic insight into our capital policy.
• Responsible for developing and enhancing capital governance processes to improve efficiency, transparency, and control, as well as ensure alignment with credit union policies, procedures, and compliance with key regulatory requirements.
• Partnering with key stakeholders throughout the credit union to oversee the submission of our capital planning and stressing testing annual plans as well as the successful execution of regulatory changes.
• Engaging with various groups across the credit union to drive risk reduction efforts and report on a comprehensive inventory of issues impacting capital planning.
• Partnering with internal capital planning stakeholders to ensure the appropriate risk and controls are governed across our various functions.
• Develop and execute ad hoc stress tests as requested by Senior Management.
• Perform a deep dive and monitoring of credit policies and procedures in place to drive credit risk optimization and mitigation strategies. Propose credit union credit risk strategic directions to enable better member experience and improve efficiencies.
• Prepare reports of examination for distribution and present a strong, well-communicated executive summary.
• Remain current on credit union policies, regulatory requirements, current trends, and specific industry issues.
• Serve as mentor to analysts by training and assisting in the development of skills.
• Support the credit union's Success Sharing Goals and Strategic Objectives.
• Perform other job-related duties as assigned by Managers(s).

What You'll Need

Education and Experience Requirements:

• Minimum 5+ years of strong capital planning processes CCAR/DFAST.
• 4-year college degree (Business, Finance, Accounting, Mathematics, Economics or other related field of study).
• Minimum 5+ years of managerial experience.

Additional Eligibility Requirements:

• Capable of analyzing information/processes to determine overall trends and make appropriate conclusions.
• Ability to identify and quantify subtle business risks and the ability to identify key drivers of risk and focus discussions accordingly.
• Ability to manage multiple priorities and work independently.
• Excellent communication skills, including well-developed verbal, written and presentation skills. Must be able to create concise, informative summaries that convey a well-developed "story" and advocate for a well-reasoned point of view.
• Aptitude for translating strategy into execution in a complex and cross-functional organization.
• Strong attention to detail with proven ability to distil complex ideas into simple stories.
• Developed computer application skills (including MS Word/Excel)

What We Do

DCU is the largest credit union headquartered in New England - serving more than one million members in all 50 states. With over 1,900 team members, we strive to make DCU a great place to work with an excellent work-life balance, and a community that cares.

DCU is an equal opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

If you're applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to careers@dcu.org and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address.