Who we are looking for
Global Liquidity Management (GLM) is part of the Global Treasury within the Finance organization with responsibility managing the firm's liquidity risk. A primary focus of GLM is to ensure that the calculation of non-cash collateral or in particular High Quality Liquid Assets is managed in an efficient way including the forecasting, testing, reporting and monitoring of the Bank's portfolio. GLM provides key stakeholders the necessary transparency and understanding of the liquidity position including it's buffer composition across liquidity metrics and availability in different scenarios and optimizing as such.
This will be accomplished by understanding the liquidity position under business as usual as well as stressed scenarios and ensuring the appropriate governance is followed during decision making and planning. This includes close contact with different areas of Global Treasury such as the CIO (Chief Investment Office) team, Capital, ALM (Asset Liability Management) as well as business areas.
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Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As an Assistant Vice President of Collateral Management you will
- Make certain that monetization paths are appropriately documented and capacities as well as haircuts are determined across stress scenarios (repo, FHLB, sale)
- Define and implement appropriate testing framework for different monetization paths, asset classes and locations drawing linkages between documents, data, existing portfolio composition and models
- Ensure testing of collateral is carried out for both Contingency Funding Plan and other monetization requirements such as Reg YY and other regulation and appropriate for size and risk profile of the portfolio
- Analyze the access to markets by currency and material legal entity
What we value
These skills will help you succeed in this role
- Knowledge of liquidity regulations and requirements
- Familiarity with markets including repo and sales
- Strong Microsoft Office (in particular excel) and key reporting tools knowledge (i.e. Spotfire)
- Strong written, verbal communication and time management skills
- Ability to proactively identify and resolve issues by working with other areas within Global Treasury and business lines
Education & Preferred Qualifications
- 5+ years of experience in treasury, strategy, consulting or related field
- Ability to multi-task, manage priorities, work independently while maintaining attention to detail and meet deadlines in a demanding and deadline-oriented environment
- Experience in preparing presentations for executive management and regulators
- Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high level of initiative
- Strong collaboration skills, working with business partners, risk functions, and corporate audit
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:
$90,000 - $142,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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