The Global Head of Liquidity Management reports directly to the Global Treasurer and is a critical role in State Street's Treasury organization. The incumbent oversees the development, implementation and management of State Street's first line liquidity management, monitoring, analysis, and reporting globally. He/she is responsible for effectively and efficiently managing State Street's actual and projected liquidity position, in line with internal risk metrics as well as regulatory requirements and expectations. The incumbent also directly leads the bank's engagements with key external stakeholders such as the Federal Reserve, European Central Bank (ECB) and major rating agencies to provide appropriate governance and oversight of the banks' capital position and strategies.
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What you will be responsible for
Management of the Liquidity Management team requires extensive knowledge of all critical Treasury functions as well as a deep understanding of State Street's businesses and inherent risk profile. He/she is responsible for leading the development, implementation and management of State Street's liquidity assessment and management frameworks globally, including the design and build of the operational and analytical infrastructure needed to comply with the liquidity requirements promulgated by the Federal Reserve, FDIC and other regulators globally. These requirements include compliance with the Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), and Internal Liquidity Stress Testing (ILST), and liquidity data governance, both in the US and in all jurisdictions in which we have branches and material entities. The incumbent is also responsible for all liquidity related Recovery and Resolution Planning requirements, such as Resolution Liquidity Adequacy and Positioning (RLAP) and Resolution Liquidity Execution Need (RLEN).
The incumbent is responsible for leading senior relationships with Enterprise Risk Management to establish appropriate and representative limits, guidelines, and analytical measurements and processes, and to report exposures and limit compliance to all relevant internal committees, the Risk Committee of the Board and regulators in a timely manner. This person will closely collaborate with the other functional leaders in Global Treasury as well as lead interactions with Finance, Global Delivery, Global Operations, Investor Relations, and Regulatory and Industry Affairs. Externally, the incumbent will be the primary contact with senior policy making and supervisory officials of the Federal Reserve, FDIC and other regulators globally. Keen analytical skills and ability manage complex projects with specific deadlines and deliverable are required.
What we value
To ensure successful accomplishment of the role's responsibilities, the Global Head of Liquidity Management directs a global staff of Managing Directors and teams of professionals with expertise and accountabilities spanning the various aspects of measuring, reporting, and managing liquidity. He/she is responsible for setting the vision and direction of the function as well as ensuring alignment with the current and future goals of the organization, and for acquiring, developing, and directing the appropriate associate and technical resources to accomplish these objectives.
Education & Preferred Qualifications
- 15+ years of experience in bank Treasury or directly related risk management area with a minimum of 5 years in liquidity
- Thought leader with a track record of developing and implementing well-controlled business processes
- Strategic leader and influencer who can also work in the details; someone who can 'connect the dots'
- Change agent who will drive process improvements and build a best in class team
- Strong analytical skills, experience with performance analytics, reporting tools and methodologies
- Positive attitude and problem solver
- Demonstrated team player and leader
- Experience working in a regulated environment
- Ability to work across multiple domiciles
- Excellent verbal, written, interpersonal and organization skills with experience presenting to the C-suite and Board
Salary Range:
$225,000 - $337,500 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.