eFinancialCareers

• Company

  SunTrust Bank

• Location

  USA-GA-Atlanta

• Compensation

  Base Salary + Annual Bonus Potential

• Position Type

  Employee

• Employment type

  Full time

• Updated

  05 Jan 2009

• eFC Ref no

  422295

Risk Adjusted Performance Measurement (RAPM) Initiatives Manager is responsible for ensuring a comprehensive multi-year implementation plan is developed and approved by Executive Management. Coordinates specific initiatives and works to ensure that each project owner has clear timelines, action steps and meets, or exceeds, expectations.

Contribute to the development of the Bank’s risk adjusted performance measurement framework, in partnership with the Director of Performance Measurement. Solicit input from key stakeholders (Subject Matter Experts (SMEs), LOB Heads, Function Heads) as the game plan is being developed and throughout the process. Ensure that the game-plan is consistent with the Bank’s overall Basel II objectives. Develop a comprehensive implementation plan for the Bank’s risk adjusted performance measurement framework. The plan should define clear objectives, desired outcomes, and identify key dependencies and stakeholders. Ensure that key process owners understand their role in achieving an integrated approach towards enabling management to assess risk vs. return, etc. Provide appropriate guidance to key process owners regarding what they must achieve, without dictating specifically how they must get there. Clearly articulate high level non-negotiables, but allow function owners/SMEs to do their jobs. Ensure that an appropriate level of project management focus is in place for key initiatives – balance need to establish confidence that end results will be delivered vs. the desire not to bog the effort down in bureaucratic procedures. Facilitate working sessions to develop the best approach to fill certain gaps and/or enhance the current process. Provide project focus and support to existing initiatives on an as needed basis. For example, improve existing documentation for various loan pricing initiatives and develop a communications package that clearly relates each initiative to the broad objective.

The successful applicant will need to: Possess excellent communication skills to confidently communicate issues, key decisions and updates to direct and senior management within the Finance and LOB organization. Must also be able to efficiently capture, track, and escalate if required, risks, and issues that impede timely delivery of required tasks and deliverables. Manage documentation and feedback and manage presentation materials. Effective meeting facilitation that is focused on delivering the desired meeting outcome. Be able to quickly and effectively establish credibility with business partners, bank executives and executive committees. Assist in coordinating subject matter experts from Corporate Functions and LOB’s to ensure that all aspects of Performance Measurement are addressed.

Major challenges facing the candidate in this position: This is a broad role that will move interact with numerous functional experts and LOB contacts. It is essential that we maintain our focus on the ultimate performance measurement objectives, while incorporating feedback from multiple constituencies. SunTrust’s Risk and Finance organizations will need to provide their respective expertise and incorporate feedback, without losing perspective on performance objectives.

Typical day/week for the candidate in this position: No two days are the same. Participate and/or Facilitate many meetings both by telephone and in person. Assessing status of multiple initiatives and communicating issues effectively to management. Significant time dedicated to facilitating processes and communications within department and across functions.

The candidate will need exceptional skills in: Organizing and prioritizing work loads. Verbal communication. Written communication skills at a level that requires minimal re-writes post manager reviews. Knowledge and skill proficiency in using MS Office products. Ability to conduct independent research, analyze and assimilate results. Prior banking or financial services experience beneficial. Familiarity with finance and risk management processes and capital management/banking regulation (i.e. Regulatory and Economic Capital, risk ratings, etc) a strong plus. Strong record of self-initiative and people interaction skills. Attention to detail and follow-through a must.

Education and Certifications: Bachelors-level college education. MBA, or related degree a plus, but is not required.