Associate – Liquidity Risk

Associate – Liquidity Risk

Requirements

• 5+ years with previous experience in Liquidity Risk Management (Treasury) or Liquidity Risk Oversight at a banking organization
• Bachelor’s degree in economics, finance, or another related field required or equivalent relevant work experience
• Master’s degree in economics, finance, MBA, or other related field, with quantitative background a plus
• Professional designation (ex: CFA, FRM) a plus
• Analytical background and good knowledge of quantitative methods applied to finance
• Experience in Category I or II banks and/or regulatory practice a plus

Responsibilities

• Independently review and challenge Liquidity Risk management processes and practices ensuring adherence to laws and regulations and to policies and procedures established by the company
• Control and monitor Liquidity Risk limit framework compliance and its ongoing maintenance and change management process
• Lead several workstreams of the Annual Independent review and Internal Liquidity stress testing challenge
• Participate in the liquidity risk limits calibration process and provide independent review of the liquidity risk management framework
• Refine FTP methodologies through a formal review and challenge process
• Lead the review and challenge process of monitoring limits for liquidity, inclusive or Risk Identification
• Oversee and communicate the limit exceptions (excess communication) to senior management and the business; analyze the excesses and risk levels for decision-making process of corporate and local senior management, internal audit and financial risk and the business
• Participate in the strategic planning and budget setting process providing timely feedback/independent challenge; provide impact analysis (forward looking exposures and limits) on business outlook changes
• Establish policies and procedures in accordance with regulations to ensure Liquidity is prudently managed
• Coordinating committee deliverables and effectively contributing to ERM led programs such as Material Risk Program “MRP” and New Product and Business Approval “NPBA”
• Identify emerging risks and to recommend actions to reduce risk exposure
• Report to governance groups and senior management and maintain clear documentation of oversight processes
• Participate and perform a post-mortem assessment on table-top and Contingency Funding Plan “CFP” tests (focusing on unattended risks)
• As applicable, contribute to regulatory examinations, internal audit reviews and other remediation efforts
• Oversight of Intraday Liquidity and Collateral Management including monitoring and ensuring compliance with regulatory standards and industry best practices
• Independent review and challenge of the cashflow forecasting production processes, methodologies, and assumptions
• US Liquidity Reporting Oversight including review and challenge of the FR 2052a production process
• European Regulatory Reporting including Daily and Weekly LCR while maintaining Head Office mandates and Corporate Projects

Preferred Qualifications

• Excellent problem solving, analytical, organizational, written, and oral communication skills
• Strong project management and planning skills
• Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions, and geographies
• Ability to handle conflict resolution with other groups to ensure appropriate accounting guidance is followed
• Ability to adjust to new developments/changing circumstances
• Ability to direct, train and guide peers, subordinates, and management