Strategic FP&A Senior Manager - Client Profitability Methodologies

Skills :     A&R Manager

Job Description:

The Client Profitability team is part of the enterprise's Corporate Strategy and Performance Management function. Within Client Profitability, the Financial Methodologies team defines, implements, and has oversight of enterprise standards for internal financial decisioning (e.g., pricing, client profitability, and planning, acquisition/divestitures) and works with other teams in Finance, Corporate Treasury, and Risk to influence key measurement systems (e.g., funds transfer pricing) that drive the company’s assessment of shareholder value creation across all of the firm’s Client portfolios. The team, and this role in particular, is uniquely positioned to help Truist as it continues to evolve its areas of strategic focus and mature its capabilities for efficient deployment of balance sheet and financial resources across our client base.

A successful candidate blends 8-12 years of core Corporate Treasury, FP&A and/or financial risk management background with proven experience at the intersection of prudential regulatory expectations (Basel RWA, LCR, NSFR, ILST) and integration/execution into key internal decision processes. This role reports to the Head of Client Profitability Methodologies and will be responsible for the development, implementation, and evolution of the firm's equity allocation and return hurdles frameworks. This incumbent will also partner closely with Corporate Treasury to ensure FTP framework adoption into key client profitability and pricing processes is coherent – and propose solutions when not – and will additionally ensure that proposed evolutions into FTP are programmatically addressed. This senior member of the team will operate in a highly collaborative, and often technical, environment of seasoned professionals with significant exposure to the Business Unit and other organizational leaders across all lines of business and support functions. The successful candidate will have proven experience interacting and influencing stakeholders on major financial management decisions and would be expected to operate with relative autonomy in driving work and consensus-building. The team structure requires a flexible predisposition to alternate between areas of coverage and technical expertise, blending at the same time capital markets understanding (e.g., rates, credit spreads) but also corporate finance concepts and risk modeling terminology.

ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job.  Other duties may be performed, both major and minor, which are not mentioned below.  Specific activities may change from time to time.  

• Partners with the Head of Profitability Methodologies, other COE teams and broader organizational stakeholders in elaborating, testing, analyzing, advancing and/or maintaining one or more financial methodology standards under their coverage. Provides on-going research, testing, industry benchmarking and continuous communication with the lines of business regarding upcoming changes and pro-forma impacts, as needed. 
• Works with the Head of Profitability Methodologies to execute against the team’s stated Roadmap towards best-in-class financial methodologies and proposed financial management target-state systems, including financial resource allocation targets across Lines of Business and other strategic initiatives as needed.
• Coordinates and communicates with key stakeholders across Risk, FP&A, Corporate Treasury, and Model Risk to stay abreast of regulatory, accounting, or modeling changes that may have broad enterprise implications and provides an independent perspective on Client Profitability implications to internal COE partners and Line of Business stakeholders as needed. 
• Leads governance and/or working group routines as the SME of enterprise methodologies for specific standards, adopting considerations and concerns by stakeholders. Demonstrates strategic thinking, collaborative demeanor, and proactive behavior and maintains stakeholders on-topic to drive decisions. 
• Gathers data and performs analysis to properly test and validate proposals, understand and summarize Business Unit and segment-level implications and communicate effectively with stakeholders. 
• Develops and updates documentation around financial methodologies and frameworks, and on-boards new stakeholders as needed.
• Prepares executive documents or recurring presentations for established routines or for inclusion in external ones as needed to include design, considerations, implications, key findings and recommendations.

QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• 10+ years of financial services, banking, and/or management consulting trajectory, or a combination thereof, with direct experience in Corporate Treasury, Financial Risk Management or relevant FP&A experience related to profitability measurement systems. Proven understanding of banking and/or trading book products and valuation considerations (e.g., exposures, collateral, discounting). 
• Demonstrated experience in one or more key topical financial areas (e.g., expected loss models, regulatory/economic capital, FTP, cost of equity methodologies) measurement systems and basic understanding of financial performance management theory and practice (e.g., RAROC, EVA, EVE). 
• Knowledge of theoretical and practical accounting and finance concepts and techniques (cash flow models, loan pricing, cost analysis, etc.), including the ability to perform mathematical calculations, and develop models, tools, and methods to replicate the financial mathematics of various financial instruments.
• Working knowledge of one or more Basel frameworks (e.g., RWA, TLAC, LCR, NSFR) and implications for enterprise-wide and instrument-level financial resource management considerations. Experience with wholesale or retail credit facilities in a credit, pricing or finance role is helpful but not mandated. 
• Mastery of Excel programming, formulas, and advanced data tools (VBA experience is a plus) is strongly desired. Understanding and basic experience implementing ad hoc scripts with Python, R, JavaScript or similar is a plus. 
• Master’s degree in business, mathematics, finance, or other quantitative field and/or completion, or demonstrated progress toward, a relevant certification (e.g., CFA, CPA, FRM, CTP) strongly preferred.
• Proven ability and experience in navigating complex negotiations and zero-sum situations are strongly valued. Previous experience in a review and challenge role is strongly preferred. 
• Previous experience presenting in formal forums (e.g., ALCO, Risk committees) and/or driving formal routines with senior stakeholders is also strongly favored. 

Trust stands for better.

Our relentless pursuit of better at Truist means we’re always looking forward. Pursuing what’s next. Boldly believing in the power of what we can achieve together. Our promise to stand for better means we’re creating smarter and easier experiences for clients. It means we’re connecting people and businesses to build confidence and create meaningful change in lives and communities. And it means we do the right thing, we speak up for those who may not be heard, and we challenge the status quo. Every decision we make starts with this belief in better.

Touch. Technology. Trust.

Trust is combining distinctive personal service with investments in innovation to create transformational client experiences. We believe the unique blend of human touch and innovative technology will set us apart, instill confidence, and build deeper levels of trust with our clients.

#Charlotte #Atlanta

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Trust offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on the date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.