A Y14A Forecast Reporting Senior Vice President (SVP) is a critical executive role within the financial regulatory and risk management landscape of large banking institutions. This high-level position sits at the nexus of finance, risk, and regulatory compliance, specifically focusing on the rigorous capital stress testing processes mandated by governing bodies like the Federal Reserve. Professionals in these jobs are entrusted with the end-to-end ownership of the Y-14A report, a cornerstone submission that details a bank's capital adequacy under hypothetical adverse economic scenarios. The core mission of a Y14A Forecast Reporting SVP is to ensure the accurate, complete, and timely production and submission of these complex regulatory reports. This involves managing the entire reporting lifecycle, from defining the process and establishing robust controls to coordinating data collection from various forecasting teams across the organization. A typical day involves overseeing the consolidation of vast amounts of financial data, executing stringent quality control checks, and resolving data discrepancies or methodological issues. These leaders are not merely reporters; they are strategic partners who work closely with technology teams to specify system enhancements, design and participate in user acceptance testing, and drive process automation to increase efficiency and accuracy. Common responsibilities for individuals in these senior jobs include developing and maintaining comprehensive policies and procedures for the reporting process, documenting key assumptions and reporting decisions, and serving as the primary point of contact during internal and external audits. A significant part of the role involves proactive remediation—identifying weaknesses in controls or processes, leading improvement initiatives, and owning the resolution of audit findings. Furthermore, they facilitate crucial cross-functional collaboration, translating complex regulatory requirements into actionable tasks for forecasting workstreams and presenting results and challenges to senior management and committees. Typical skills and requirements for Y14A Forecast Reporting SVP jobs are extensive. Candidates generally possess 15+ years of progressive experience in regulatory reporting, financial control, or capital stress testing within financial services. In-depth knowledge of CCAR/DFAST regulations and the specific Y-14A schedules is non-negotiable, coupled with a strong grasp of financial statements (Balance Sheet, P&L) and regulatory capital concepts. Technical proficiency is increasingly vital, including skills in data analytics tools (e.g., KNIME, Alteryx) and coding languages like SQL and Python for data manipulation and analysis. Beyond technical acumen, success demands exceptional project leadership, meticulous attention to detail, and superior communication and negotiation skills to influence stakeholders at all levels. A bachelor's degree in finance, accounting, or a related field is standard, with many professionals holding advanced degrees such as an MBA or Master's in Finance. For those seeking to shape a bank's regulatory strategy and ensure its resilience, these executive jobs represent a pinnacle of expertise in financial risk governance.
