Basel ii is becoming more important month after month.

It is good to feel and understand better the demands of the marketplace. We will discuss 16 Basel ii related jobs, posted in May 2009 around the world.

I believe that you must do your own research. Don't believe me, search! Look at the compensation packages that are offered. In this newsletter we will not discuss the compensation, but rather the job description and the tasks required.

The results will amaze you.

Try to answer the questions:

1. Is there a crisis for Basel ii professionals?
2. How can I gain a personal competitive advantage in today's marketplace?
3. Can I offer to the employers what they need? What should I add to my CV?
4. How much money other professionals make - persons with my knowledge and experience?
5. Are there hidden opportunities? Some great opportunities?
6. Do we do in our organization what others seem to do?

I always enjoy reading creative and unique job titles and descriptions. We will share some of them.

Lets start!

1. Basel II Project & Data Architect
Location: Walnut Creek, CA

Responsible for providing administrative and project support to the National Finance Group Risk Manager in implementing Basel II system process.

Develop business requirements to support Basel data infrastructure. Provide input and guidance to technology, system or data architecture.

Coordinate meetings and interact with Project Management Office, consultants, and vendors engaged in BASEL II implementation.

Document meeting minutes, status reports, and project timelines and milestones.

Assist with planning, execution, control, and closing processes related to the BASEL projects.

In addition, this position will be responsible for preparing reports for management regarding status of projects.

Job Specifications
1. Create business requirements to develop data infrastructure that meets Basel II guidelines

2. Will be assigned specific projects and will be asked to provide recommendations to support Risk Manager and project managers.

3. Will interact with Basel II Project Managers and Business Heads on a frequent basis in order to understand project progress, compile issues identified for escalation purposes and obtain any other requests made from the Project Management Office by the work-stream teams.

4. Track the Project expenditures against approved budgets, ensuring costs are contained.

5. Responsible for making sure approved projects are submitted to the appropriate groups within the Bank for inclusion to the respective financial systems.

6. Conduct quantitative and qualitative analysis in order to adapt credit processes and credit documentation in compliance with Basel II regulatory requirements.

7. Performs other duties as assigned.

Required Education or Equivalent Experience
· A Bachelor's Degree in finance, accounting or business administration.
· A certification or training in project management is highly desirable (PMP certificate or Sig-Sigma certification)

Required Experience
· 6-10 years of project management experience.
· 6-8 experience in the financial industry supporting risk management functions is highly desirable.

Field of Experience
· An ideal candidate will have a prior knowledge and expertise in Basel II implementation
· Model development and implementation experience or exposure.
· Demonstrated project management effectiveness and has made contributions on previous completed projects.

Administrative/Technical Skills
· Working knowledge of SAS or other analytics software
· Demonstrate attention to detail.
· Demonstrate management and inter-personal skills
· Possess effective communication, presentation skills and organizational skills and be able to handle multiple tasks at the same time.
· Demonstrated experience and proficiency in the use of project management information systems and planning tools such as MS Projects.

2. Head of Market Risk for a Financial Institution

Salary:£110000 - £150000 per annum + Bonus and Benefits
Location:London

The role is broad and varied, and encompasses everything from hands on Market Risk Management in the front office, to dealing with the regulators for Capital Adequacy and Basel accreditation and approval.


The chosen individual will drive the relationship forward between market risk and the traders, with a focus on improving the presence market risk hold in the business.

The team is currently acting as a reporting group, rather than a market risk management group and so, there is an opportunity to drive a new culture in the bank for a greater appreciation of risk management.


This person will be part of all the relevant committees and will be expected to lead the Market Risk Committee, presenting to the CEO, Board Members and Heads of the Trading desks.

3. Basel II Data Quality Business Analyst

Location: Netherlands
Duration: 4.5 months +
Rate: 500-600/Day

A Basel II Data Quality Business Analyst to help set up a new ODS (operational data store) universe and reporting for their Basel II Data Quality workstream.

The right candidate must have excellent business analysis skills and in-depth Basel II experience including good knowledge of "Data Quality" in a Basel II context.

Some experience of Business Objects and SQL is also required. Immediate interview and start.

4. Basel II Compliance Analyst

Location: Manchester, England

An experienced Basel II Analyst to join the growing Credit Risk team.

The main purpose of the role is to ensure the business deliverables of the Credit Risk Control Unit are compliant with Basel II.

Other key duties and responsibilities will include:

Maintaining up to date knowledge of Basel II regulations

Understanding and interpreting regulations to the Business

Determining gaps that exist in meeting regulatory requirements and communicate the requirements to fill these gaps

Providing training and communication on regulations to different levels of the organisation including Senior Management

Communicating agreed processes to relevant managers/Business areas
Ensuring required review and validation activities are carried out.
Assist manager in preparing information packs for the FSA

The strong candidates will be considered with the following skills and experience:

Good understanding of Banking or Insurance regulatory capital and other relevant regulatory requirements

Good understanding of finance, capital and risk business operations, models and processes

Good experience of risk management or compliance or audit

Experience of setting up and agreeing standards for end-to-end monitoring processes
 

5. Basel Compliance Adviser

Location: Manchester England
Rate 42k + Benefits + Bonus

The purpose of the role is to provide specialist technical advice and guidance and ensure Business deliverables and Basel compliance are met.

To support and maintain standards, reporting requirements, actions, regulatory and non-regulatory audit logs and support the Governance, Reporting and Basel Compliance Manager to ensure compliance with Basel II and FSA requirements.

To plan and deliver Basel II training to client and other governing bodies and committees, enabling further embedding of Basel II, improved performance, best practice, and planning of risk v reward opportunities.

Essential Requirements:
Sound knowledge of Basel II regulations
Good communication skills and experience of influencing a network
Experience of interpreting and communicating changes in financial regulations
Experience of preparing and undertaking training to Senior personnel
Risk management/audit/compliance experience (preferably within Financial Services)
Experience of end-to-end governance processes

Nice to have
Project management skills
Intranet/Web design
Board/senior management reporting
Experience of dealing with third-party suppliers
Interview for the right candidates to be held ASAP.

6. Technical Specialist (Basel II Program; Supporting Applications Running)

Location: Toronto, Ontario, Canada

The Technical Specialist is a technical subject matter expert for one or more applications or platforms.

The Technical Specialist is accountable for providing technical guidance and specialized support for development and implementation of applications.

Specific Accountabilities:
Provides technical and application expertise and support of a third party vendor application.
Analyzes technical problems for the Basel Program teams, and business partners.
Provides application design and development work effort and costing estimates to management that are used in determining business initiative feasibility and priorities.
Ensures proper on-going security management across multiple applications within Basel environment.
Is a centre point of contact with other technical groups and vendors.
Carries a pager on a rotation basis.
Flexible with overtime, especially during month-end processing.

Knowledge:
Possesses a university degree/college diploma.
Must have working experience in supporting applications running on AIX.
Must have a minimum 2-3 years of working experience of DB2 (writing and supporting SQL queries, stored procedures and triggers).
Prior exposure with Basel II will be an added asset.
Prior exposure with CMMI or equivalent process will be an added asset.

7. Manager, Risk Management, Basel Compliance

Location: Toronto, Ontario, Canada

As part of the central Basel governance team in Corporate Risk Management, this position is accountable to coordinate and oversee Bank deliverables to OSFI with respect to adherence to Basel II requirements, in particular, the Advanced Internal Ratings-Based (AIRB) approach for credit risk.

KEY ACCOUNTABILITIES:
1. Accountable for the co-ordination of the Bank's annual AIRB Self-Assessment package (SAP) and attestation process, including:

a. Establish and document the annual process

b. Develop, communicate and monitor key milestones, timelines and accountabilities

c. Oversee the completion of the schedules/templates to support the compliance assessment against the CAR Guideline AIRB minimum requirements and OSFI's related Basel II Implementation Notes

d. Prepare attestation letters, process overview and listing of any exceptions to full compliance for annual submission to OSFI

2. Accountable for the co-ordination of the Bank's quarterly reporting to OSFI, including:

a. Establish and document the quarterly process

b. Develop, communicate and monitor key milestones, timelines and accountabilities

c. Consolidate and review submissions prepared by risk groups

d. Proactively identify issues and improvements

3. Monitor the Bank's Waivers and Exemptions, including:

a. Quarterly updates to balances and rationale

b. Monitor ongoing commitments to OSFI

4. Assist with and review the Harris Bankcorp Self-Assessments and AIRB Application package
Provide guidance and expertise to the Harris team

5. Provide support other self-assessment and compliance activities as needed including the Bank's ICAAP self-assessment

6. Play a key role in developing the ongoing compliance process including transitioning the current self-assessment process to steady state

7. Build strong relationships with the risk groups and other stakeholders:

a. Proactively identify and diligently address issues

b. Liaise with Corporate Audit and Independent Review, as required, to coordinate timelines and requirements

c. Respond to questions and resolve issues on a timely basis

Job Requirements:
Undergraduate degree in related discipline: business, finance, economics

5-8 years of experience in a Financial Institution, preferably with experience in Basel II, risk management or compliance

Strong understanding of Basel II requirements, in particular the AIRB approach

Excellent Microsoft skills

8. Senior Business Analyst - Basel II SME

Location: Sydney, Australia
Duration Long term contract

A very strong Senior Business Analyst and/or Basel II Subject Matter Expert is required for high profile project based in the CBD.

It is preferred that you also have strong Process Mapping skills, Stakeholder Management skills, with the ability to design and build roadmaps along the way.

Solid experience ensuring that systems and processes are Basel II compliant, with an understanding of the underlying exposure and compliance issues throughout a systems implementation or integration would be most advantageous.

Exposure to Credit Risk and/or Market Risk business units would also be favourable.
 

9. Basel II Data Governance Manager

Location: San Francisco, CA

Responsible for the creation and deployment of enterprise data standards and the design and implementation of data governance procedures to support risk management processes.

In addition, they will drive the efficiencies for data management and evaluation of how data flows for risk management purposes.

This individual is responsible for governance and policies, data standardization, establishing consistent data definitions, and monitoring/auditing the overall enterprise data quality.

Work closely with business and technology units so that the data management requirements are appropriately implemented within individual businesses in a consistent manner

10. Administrative Assistant I - Basel II group - Corp Performance Measurement

Location: Pittsburgh, PA

The successful candidate has the following qualifications:

4 to 6 years of related experience.

Certification from an accredited secretarial school

Excellent typing of meeting minutes, advanced PC and word processing skills (Microsoft Office: Word, Excel and Power Point) including Lotus Notes.

Excellent communication and organizational skills to build relationships within and outside of Basel II.

Must be able to work under tight deadlines.

11. Basel II Program Manager

Location: San Francisco, CA

A motivated and experienced team leader to provide key project management support and to facilitate coordination and communication across bank business units.

He/she will also manage, coordinate and complete Basel II Opt-in Implementation Program while maintaining the critical path to 2015 program completion.

12. Basel II Quantitative Analyst

Location: San Francisco, CA

Responsible for assisting in designing and implementing retail segmentation models as part of an organization wide Basel II Implementation Program.

Will also be involved in assessing available historical (default, loss given default and exposure at default) and risk factor data to support Basel II requirements and model development.

Job Specifications
1. Assist in the assessment of the number of retail segmentation models required.

2. Will participate in the execution of the following:
Scorecard development
Scorecard testing
Documenting model development process and associated methodologies employed

13. Basel II Rating Policy Manager

Location: San Francisco, CA

Responsible for serving as a key member of the Risk Governance, Policies, and Modeling department interfacing with risk model developers, credit managers, and lines of business on a regular basis and contributing to the overall risk management of the Bank.

Primary responsibility will be to formalize credit and rating policies defining the standards and process for documenting and evaluating credit risk within the Bank.

Successful person will be detail-oriented, with broad banking experience and a solid understanding of risk management, credit policy and underwriting guidelines.

Position Accountabilities
1. Assist in the design and formalize the implementation of appropriate risk rating policies and processes governing the evaluation of customer credit risk.

2. Contribute to the integration of quantitative risks models and expert judgment within the Bank's risk rating process primarily with respect the Bank's wholesale portfolios.

3. Maintain and update the Bank's credit and rating policies and procedures and coordinate training to effectively communicate these policies and procedures to appropriate business and risk management personnel.

4. Serve as a central point of contact for issues regarding credit or risk rating policies.

5. Assist with user acceptance testing of tools and other decision aides utilized within the risk rating process.

6. Draft change control policies and procedures and assist in creating and maintaining risk rating documentation e.g. process flow documents, FAQ's, etc.

7. Liaise directly and establish strong partnerships with business and credit managers, model developers and other risk management personnel.

8. Perform ad-hoc risk modeling and analysis

9. Perform other duties as assigned

14. Basel II/Economic Capital Quantitative Analyst (Finance Manager 5)

Location: Minneapolis, MN

Develop/implement economic capital model for multiple portfolios.

Research/build BASEL II credit stress models.

Requires a PhD in Finance, Math, Economics, Physics, Engineering or related field & 2 yrs exp.; or, Masters in Finance, Math, Economics, Physics, Engineering or related field & 5 yrs exp.

Must have work exp. w/ scientific programming & quantitative risk management.

15. Project Manager - BASEL II SME

Location: Chicago, IL

A large financial vertical, seeks to recruit and hire a business side Project Manager with significant BASEL II experience for a 12 month contract position in Chicago, IL.

The successful candidate will have excellent experience with the Pillar II / ICAAP.

This position is not IT related; we are looking for business experts with strong project management experience in Finance/Basel II.

The successful candidate will be a business expert with a proven track record working on BASEL II project from the business-side of the table.

This person will be a BASEL II SME with excellent knowledge and experience with Pillar II and ICAAP.

The required experience is as follows:

4 year degree (Advanced degree a plus)

Basel II expertise - specifically with respect to Pillar 2 / ICAAP

Understanding of Stress Testing and Scenario Analysis

Regulatory and Economic Capital processes & allocation methodology

Finance understanding: General Ledger, Financial Statements & Reporting Knowledge

Strong Project Management Skills

Strong PC Skills: Microsoft Project, Excel, Powerpoint, Word

Strong Communications Skills

Working experience across multiple business units/collaboration skills

16. Technical Architect

Location: London
Salary/Rate: £700 - £1000 per day

A leading global Financial Services Institution is currently seeking an experienced Technical Architect to define the IT architecture based upon an ambitious 3-year business strategy to consolidate an enterprise Risk Management function.

The successful applicant will provide Solutions and technical architecture expertise to define and develop a new target operating model from the joint Risk and IT Strategy perspective that will create a sustainable and robust platform for the future.

You must have strong technical architecture experience coupled with a good understanding of either Middle office, Risk or Regulatory reporting functions within a Bank.

Must be able to analyse processes and systems as well as providing "blueprinting" of current and future state architectures.

Previous experience as a Chief Architect or Enterprise Architect highly beneficial, strong solutions and technical architecture experience gained within Banking environments is mandatory.

Previous experience or re-architecting a Middle Office or Accounting function for a bank will be similarly key.

Experience of BASEL II programs highly desirable as is experience of operating at a head office banking / Group level.

NOTE 1: You can develop a checklist with important Basel ii related tasks from the above detailed job descriptions.

NOTE 2: It is good to start learning whatever you have read above and you do not know.

NOTE 3: Basel 3 is not far.  Basel ii knowledge and experience will be of paramount importance.

Dear members,

- Visit the website of our association: www.basel-ii-association.com

- Write in your CV, resume, websites etc. that you are members of the Basel ii Compliance Professionals Association (BCPA)

- Take advantage of the distance learning and online certification program of our Association - at a cost that is unheard of - www.basel-ii-association.com/Distance_Learning_Online_Certification.htm

Read more about our Certified Basel ii Professional (CBiiPro) program

Read more about our Certified Pillar 2 Expert (CP2E) program

Read more about our Certified Pillar 3 Expert (CP3E) program

Read more about our Certified Stress Testing Expert (CSTE) program