Basel Capital-Stack Recalibration Authority — Cross-Border Bank

The mandate

A supervisory review found that business forecasts, regulatory submissions and recovery options use different risk-weighted asset, deduction, minority-interest and distributable-resource assumptions. Entity teams reconcile after decisions rather than before them, and management actions are counted without proving legal, operational or timing feasibility. The capital director left during remediation, leaving a time-critical accountability gap before the resubmission cycle.

The fourteen-month assignment begins within three weeks and covers capital-definition governance, risk-weight reconciliation, buffer hierarchy, legal-entity fungibility, forecast control, stress translation and management-action evidence. The authority must deliver two credible planning cycles and one supervisory resubmission. Permanent recruitment starts in month six, with an eight-week protected overlap once the appointee is cleared.

Handover requires a reconciled opening capital stack, traceable movement schedule, entity constraints, model and data limitations, approved action inventory and two completed adverse scenarios. The successor must chair an unseen credit-migration and market-loss exercise, reject an infeasible capital action and present the resulting group-and-entity bridge to the board without the interim leader’s intervention.

The role may freeze unsupported capital forecasts, require entity attestations, set reconciliation standards, redirect the authorised USD 240 million remediation budget and approve delegated submissions before executive sign-off. It may remove temporary workstream leads within policy. The board retains risk appetite, distributions, issuance, recovery-plan activation, regulatory certification, legal-entity restructuring and any action beyond delegated thresholds.

Deal execution, model redevelopment, credit underwriting, treasury trading, legal opinions and permanent organisation redesign sit outside the assignment. The leader can challenge inputs and demand evidence but cannot alter prudential rules, approve a transaction or represent a management option as executable without owner confirmation. The fixed term closes after resubmission, second planning cycle and tested succession.

Why this seat is open

Supervisory findings made inconsistent entity assumptions a board issue, and the previous director’s departure removed the person expected to arbitrate Finance, Risk and Treasury positions. Those teams remain accountable for their measures but cannot independently certify the integrated stack. Temporary executive authority is needed through remediation, resubmission and a credible permanent handover.

What you will own

• Reconcile capital instruments, prudential deductions, risk-weighted assets, buffers, minority interests and distributable constraints by legal entity.
• Establish one movement taxonomy connecting actuals, business forecast, regulatory plan, stress result and recovery option.
• Challenge management actions for legal authority, operational readiness, market capacity, timing, dependency and entity-level benefit.
• Govern data lineage, model overlays, expert adjustments, late changes, attestations and unresolved supervisory interpretations.
• Direct downside exercises spanning credit migration, market shock, operational loss, earnings pressure, currency movement and trapped capital.
• Maintain remediation decisions, evidence, issue ageing, expenditure, regulator responses and board escalation within delegated authority.
• Transfer two controlled planning cycles, the resubmission record and unseen adverse exercise to the permanent leader.

Candidate qualifications

• Held group capital-management or prudential-risk authority at a systemically important cross-border bank through supervisory remediation.
• Reconciled regulatory capital definitions, risk-weighted assets, buffers and legal-entity constraints across Finance, Risk and Treasury.
• Tested capital actions for fungibility, execution time, market capacity, governance and stress credibility rather than nominal value.
• Presented contested capital bridges to boards and supervisors while preserving accountable model, legal and business judgements.
• Led multi-entity remediation with disciplined data lineage, attestation, issue closure and evidence-based forecast challenge.
• Completed executive succession during an active capital cycle and proved the successor through an unseen downside scenario.

Non-negotiables

• Can start within three weeks and remain onsite through the resubmission and two complete capital-planning cycles.
• Will disclose regulator, audit firm, capital adviser, ratings, investor and competing-bank relationships before appointment.
• Brings cross-border prudential capital accountability under supervisory challenge; treasury or modelling experience alone is insufficient.
• Accepts no authority over distributions, issuance, risk appetite, recovery activation, legal restructuring or regulatory certification.

1. 49 words maximum. Describe a capital action you removed after testing entity fungibility and execution timing.
2. 49 words maximum. Which risk-weight or deduction bridge would you rebuild first after a supervisory challenge?
3. 49 words maximum. What unseen downside should a permanent capital leader resolve before your handover?