Stress Testing Cover Letter

Please consider me for the stress testing opportunity. I am including my resume that lists my qualifications and experience.

In my previous role, I was responsible for subject Matter Expert (SME) support on stress testing analytics (Credit, Equity, Market, Operation, Balance Sheet and PPNR) in other cross-matrix Internal Audit engagements.

Please consider my qualifications and experience:

• Strong knowledge of the external environment – regulatory, political, competitors
• A deep understanding of stress testing end-to-end cycles and experience working with regulators and /or knowledge of regulatory requirements
• Familiarity with annual financial reporting governance process
• Understanding of banking across the range of product types
• Understanding of risk metrics and experience in understanding risk dashboards
• Understanding of business inputs and outputs
• Experience in extracting key, salient points from large data flows and understanding the relationships in a banking context
• Deep understanding of regulatory requirements around stress testing and trends

In response to your job posting for stress testing, I am including this letter and my resume for your review.

In my previous role, I was responsible for oversight and support to functions on Capital Analytic related topics such as portfolio analytics, sensitivity analysis and stress buffer allocation.

I reviewed the requirements of the job opening and I believe my candidacy is an excellent fit for this position. Some of the key requirements that I have extensive experience with include:

• Knowledge of Financial accounting within Risk management / Risk reporting would be advantagous
• Strengthens the bank’s stress testing modeling by serving as an internal subject matter expert on all ALM modeling assumptions, developing capabilities within the Treasury group, and using the knowledge of the model and asset to test additional risk dimensions (partials, steepening/flattening, basis scenarios)
• Works as part of a team to manage the bank’s investment portfolio
• Attends and contributes to ALCO meetings
• To perform this job successfully, an individual should have advanced knowledge of MS Word, Excel, PowerPoint, and Visio
• Develops presentation materials for a range of audiences related to stress testing (CCAR/DFAST/Internal Stress Test) and business as usual Capital Management initiatives in support of subject matter experts
• Understands the stress-testing function and key regulatory agencies involved
• May provide financial, analytical, and planning, expertise to assist in the development and timely completion of projects

I would like to submit my application for the stress testing opening. Please accept this letter and the attached resume.

In the previous role, I was responsible for assurance over risk and controls impacting the end to end capital planning and stress testing coverage at USAA (bank and enterprise).

Please consider my experience and qualifications for this position:

• Controllership & workflow management experience
• Exceptional organizational skills, highly detail oriented
• External Regulators (PRA/BoE & EBA/SSM)
• Senior Risk, Finance and Treasury stakeholders
• Franchise businesses
• Detailed knowledge of wholesale credit risk and securitisation
• Extensive experience with data handling and analysis ( Excel, SAS, SQL etc)
• Stress Testing involves interactions across the Risk and Finance functions, and is currently going through a period of significant change driven by external / regulatory requirements, greater internal requirements to assess the Bank’s capital adequacy, and thereby the resilience of the Bank through improved risk and capital management

I am excited to be applying for the position of stress testing. Please accept this letter and the attached resume as my interest in this position.

Previously, I was responsible for value added advice and support to senior management and business partners related to stress testing activities.

Please consider my qualifications and experience:

• Excellent knowledge of CCAR instructions
• Hand-on CCAR/commercial loss forecasting and/or commercial stress testing experience
• Managing stress related projects, CCAR or FDSF would be advantageous
• Primary responsibilities will include leading a team to complete the Monthly Operating Results & Supplemental Package, Trading Related Revenue, Forecasting/ plan, Expense Analysis, Market Metrics & Analysis, Stress Testing, Daily P&L, and various other ad-hoc presentations
• Strong knowledge of MS office tools, and potentially data mining tools (Access, SQL, SAS)
• Advanced user of mainstream Microsoft tools, in Powerpoint
• Highly experienced Financial Accountant with extensive Financial services experience
• An understanding of Risk , Regulation and finance reporting requirements

I am excited to be applying for the position of stress testing. Please accept this letter and the attached resume as my interest in this position.

In my previous role, I was responsible for business and risk subject matter content and analysis for communication of stress testing related issues and information.

Please consider my experience and qualifications for this position:

• May develop specialized analytical tools for project or ongoing use (e.g., automation of reporting tools)
• Understanding of enterprise-wide oversight as it pertains to independent validation, Internal Audit, Governance and Regulatory reviews and remediation of findings
• Proven track record of managing / navigating wide-ranging organizations and processes
• In-depth knowledge of card business model and economics preferred
• Experience in data governance and documentation preferred
• Negotiation of agreements related to complex processes and interdependencies across functional groups and their supporting systems
• Coordination and interaction with BMO personnel from Information Technology, Risk Management, BMO lines-of-business and external contractors/consultants
• Close interaction with the Credit Methodology personnel in the US and in Canada