Provided Subject Matter Expert (SME) support for a Bank’s migration to the next generation of Capital Calculators (Capital Calculators). This included support in 1) the development, documentation and implementation of sustainable processes and procedures and governance, including effective controls, around the Regulatory Capital (B2 & B3), Economic Capital and Line of Business (LOB) Capital calculations and reporting.
Large banking institutions are mandated under Basel rules to report capital results within the various BASEL compliant FFIEC schedules. Additionally, they calculate Economic Capital and LOB Capital. The financial institution must be able to demonstrate that they have adequate policies and procedures , and related controls, in place to ensure the accuracy of these capital calculations and compliance with the rules and regulations that govern such calculations. This also requires maintaining a reasonable and sufficient level of evidence to demonstrate their sustainable and compliant process, including adequate documentation related to the processes and procedures and related controls.
Assisted in the design and implementation of the processes, procedures and controls for the BASEL 2 & 3 Regulatory Capital, Economic Capital and LOB Capital calculations and reporting process. This project was initiated as a result the Bank migrating to the next generation of Capital Calculators capable of calculating and reporting Basel 2 and 3 Regulatory Capital, Economic Capital and LOB Capital.
Managed and executed the following: