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Happiest Minds - CCAR Stress Testing Consultant - Risk & Capital Planning

Happiest Minds - CCAR Stress Testing Consultant - Risk & Capital Planning

Happiest Minds Technologies LimitedNoida, India
1 day ago
Job type
  • Remote
Job description

Job Title :

CCAR Stress Testing Consultant BFSI (Risk & Capital Bangalore

Open to : Pan-India (Hybrid / Remote based on business IT & Consulting services organization with a strong focus on BFSI , risk management, and regulatory compliance for large global banks.

Role Overview :

We are looking for an experienced CCAR / Regulatory Stress Testing Consultant to work closely with our BFSI leadership team and our global banking clients (primarily US-based large banks and BHCs).

The role will focus on regulatory stress testing (CCAR / DFAST), capital planning, risk & finance data integration, and model governance helping clients design, implement, and enhance their end-to-end CCAR frameworks, including FR Y-14 reporting, loss estimation models, and capital adequacy assessments, as expected by the US Federal Reserve and Basel II / III / ICAAP guidelines.

Looking for : Immediate joiners / candidates with 30 days notice.

Key Responsibilities

1. CCAR & Regulatory Stress Testing Advisory

  • Lead / participate in engagements for CCAR, DFAST and internal capital adequacy assessments (ICAAP) for large US and global banks.
  • Interpret and apply regulatory guidance (e.g., CCAR Capital Plan Rule, SR 11-7, SR 12-7, Basel II / III Pillar 2, Enhanced Prudential Standards ) to client environments.
  • Support clients in aligning stress testing, capital planning and risk appetite frameworks with supervisory expectations.

2. Stress Test Design & Methodology

  • Design and review end-to-end stress-test methodologies across PPNR, credit risk, market risk, and operational risk, ensuring alignment with macroeconomic scenarios (Baseline, Adverse, Severely Adverse).
  • Work with client teams to translate macro-economic variables (unemployment, GDP, HPI, interest rates, spreads, etc.) into portfolio-level loss and capital impact.
  • Assist in building / reviewing segment-level loss models (C&I, CRE, Retail, Cards, Mortgages, etc.) and validating their suitability, conservatism and performance.
  • 3. Data, FR Y-14 Reporting & Process Integration

  • Support clients in designing data sourcing, aggregation and reporting processes for CCAR (FR Y-14A / Q / M schedules retail, wholesale, securities, PPNR, regulatory capital instruments, Basel III / DFA).
  • Coordinate with technology, finance and risk teams to ensure data quality, reconciliation and lineage across stress testing, Basel, and finance systems.
  • Identify and help remediate data and IT infrastructure gaps , manual adjustments and process inefficiencies.
  • 4. Governance, Documentation & Model Risk

  • Contribute to model risk management activities (per SR 11-7) : documentation, validation support, model performance monitoring and remediation plans.
  • Draft and review policies, procedures, and governance artefacts related to stress testing, capital planning and ICAAP (e.g., capital policy, CCAR methodology documents, control frameworks).
  • Prepare board-level and senior management presentations, narratives and supporting analysis for CCAR submission, supervisory reviews and internal challenge forums.
  • 5. Stakeholder Management & Consulting

  • Work closely with onsite client SMEs, risk & finance leaders, and technology teams to deliver CCAR programs and enhancements.
  • Participate in workshops, requirement-gathering sessions, and solution walkthroughs with clients CRO, CFO and risk strategy teams.
  • Support internal pre-sales / solutioning for CCAR and regulatory risk offerings PoVs, proposals, effort estimation, and responding to RFPs.
  • Required Experience & Total experience : 7 to 12 years in Banking / Capital Markets / Risk .

  • CCAR / DFAST / Regulatory Stress Testing : Minimum 3 to 5 years hands-on experience with large banks, consulting firms, or captive GCCs.
  • Domain & Technical Skills :

    Strong understanding of :

  • CCAR objectives, timeline and processes (capital plans, supervisory & company-run stress tests, mid-cycle tests).
  • Capital planning & ICAAP , including capital ratio projections (Tier 1 Common, Tier 1 Leverage, Total Capital, RWA dynamics).
  • FR Y-14A / Q / M reporting , especially credit loss, PPNR and capital schedules.
  • Basel II / III concepts PD, LGD, EAD, RWA, economic capital.
  • Good exposure to stress-testing modeling frameworks (PPNR, credit loss models, scenario design, idiosyncratic scenarios, integration across risks), as illustrated by best-practice frameworks in industry.
  • Working knowledge of data and IT architectures used for CCAR data warehouses, risk engines, reporting tools, and reconciliations.
  • Comfort working with large datasets and tools such as SQL / Excel ; familiarity with SAS / R / Python for risk analytics or model implementation is an advantage.
  • Consulting & Soft Skills :

  • Strong business consulting orientation able to translate regulatory expectations into scalable processes and systems for clients.
  • Excellent stakeholder communication , documentation and presentation skills; ability to interact with senior client executives.
  • Ability to work in global delivery models with onsiteoffshore collaboration, overlapping US time zones when required.
  • Education & Certifications :

  • Bachelors / Masters degree in Finance, Economics, Statistics, Mathematics, Engineering, or related quantitative discipline .
  • Preferred qualifications (nice-to-have) :
  • Professional certifications such as FRM, PRM, CFA or equivalent.
  • Any certification / training in risk management, Basel, stress testing or model risk .
  • Behavioral Traits :

  • Strong ownership mindset and ability to operate in an evolving regulatory and technology landscape.
  • High attention to detail with a focus on data quality, controls and governance .
  • Collaborative, proactive, and able to work under tight regulatory timelines (e.g., CCAR annual cycle deadlines).
  • Other Details :

  • Employment Type : Full-time, Consulting / Permanent.
  • Notice Period : Preferably Immediate joiners ; candidates with 30 days notice will be given priority.
  • Travel : Short international travel to client locations may be required (US / EMEA) based on project needs.
  • (ref : iimjobs.com)

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