Sr. Associate – Liquidity Risk
| Company | Santander |
|---|---|
| Location | Boston, MA, USA, New York, NY, USA |
| Salary | $120000 – $205000 |
| Type | Full-Time |
| Degrees | Bachelor’s, Master’s, MBA |
| Experience Level | Senior |
Requirements
- 5+ years with previous experience in Liquidity Risk Management (Treasury), Liquidity Risk Oversight, or related areas at a banking organization.
- Bachelor’s degree in economics, finance, or related field, or equivalent relevant work experience required.
- Master’s degree in economics, finance, MBA, or related field, with quantitative background a plus.
- Analytical background and good knowledge of quantitative methods applied to finance.
- Experience in US and European liquidity risk standards a plus.
- Experience in Category I or II banks and/or regulatory practice a plus.
Responsibilities
- Manage Risk Identification & Assessment (Risk ID) and Emerging Events process and reporting that is comprehensive, efficient, structured and integrated with key market risk processes such as Liquidity Stress Testing and Contingency Funding Planning.
- Risk Limit Governance: setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation.
- Stress Testing: methodology development, assumption review and approval and risk measurement via sensitivity analysis.
- Analytics: measurement, analysis, and reporting of risk measures including US and European risk metrics, development of tools for risk calculation and alternative views; governance of data quality and completeness controls.
- Perform and enhance reporting to head office, governance committees, senior management, and maintain clear documentation of oversight processes.
- Review intraday and collateral management reporting performed by 1st line of defense to ensure appropriate levels and that regulatory and industry best practices are in place.
- Participate in the strategic planning and budget process to provide timely feedback/independent challenge; provide impact analysis (forward looking exposures and limits) on business outlook changes.
- Oversight of cashflow forecasting including review of assumptions, Backtesting, and investigation cashflow breaches.
- Contribute to ongoing initiatives and regulatory examinations, internal audit reviews and other remediation efforts.
- Build and maintain a robust governance framework (policies & procedures) ensuring the banks adherence to regulations, supervisory notes, and best practices.
- Build and manage a market risk issue management framework.
Preferred Qualifications
- Strong market risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment.
- Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions and geographies.
- Ability to interact with and build relationships with people from different departments and levels of seniority.
- Ability to adjust to new developments/changing circumstances.
- Strong verbal and written communication skills.
- QRM, Power BI, SQL experience a plus.