Who we are looking for
The Global Liquidity Management (GLM) Group, within the Global Treasury organization, oversees State Street's liquidity planning, monitoring, analytics, and regulatory reporting globally. The group manages regulatory ratios such as the LCR, NSFR as well as the liquidity buffer requirements resulting from its Internal Liquidity Stress testing (ILST) and Recovery and Resolution planning (RRP) framework (RLAP/RLEN). The group is also responsible for ensuring compliance with all regulatory reporting requirement such as the daily FR2052a and associated public disclosures. We work collaboratively with the Global Treasury Risk Management (GTRM) function to ensure we are managing liquidity within firm policies, limits and risk tolerance while meeting regulatory expectations promulgated by the Federal Reserve, the FDIC and other regulators globally.
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We are looking for a Managing Director - Head of Liquidity Governance to join GLM reporting to the Senior Vice President, Global Head of Liquidity Management.
What you will be responsible for
- Envision, establish and lead GLM's comprehensive governance, communication, and response strategy for regulatory, supervisory and internal oversight matters
- Use sound judgement and collaboration to ensure processes and responsibilities are assigned to and owned by the appropriate groups within GLM
- Employ strong knowledge, understanding and awareness of compliance and regulation, to advise, develop and evolve internal policies, procedures and processes to meet regulatory requirements
- Own the contingency funding plan and its administration as well as liquidity sections of the resolution and recovery plans.
- Own the groups control design, implementation and continuous monitoring framework
- Own the groups New Products Review and Approval process
- Central point of contact to track, manage, and respond to both internal and external regulatory, compliance, Risk and Audit inquiries
- Frame formal responses with detailed documentation and evidence to close out any open issues
- Ensure all policies, controls and procedures are adhered to and evidence is documented
- Monitor liquidity limits and early warning indicators as well as any escalation required by policies and procedures
- Facilitate, manage and own liquidity committees secretarial activities
- Foster an environment that promotes compliance, continuous improvement, appropriate and effective controls, self-detection and remediation
What we value
- Thoughtful leader capable of setting priorities for the team
- Team management skills, delegation and motivational attitude are essential to success
- Analytical thinker capable of breaking down complex problems into measurable parts
- Ability to proactively resolve issues by working with other teams
- Strong writing abilities and comfort drafting and reviewing procedures and policies
- Experience in preparing presentations for executive management and regulators
- Independent worker that takes ownership of responsibilities and holds their work to a higher standard
Education & Preferred Qualifications
- BA/BS degree in finance or related field. M.Sc. preferred
- CFA and/or FRM preferred
- 15 + years of relevant experience in the financial services industry, with specific experience in Liquidity Management within a large bank
- Knowledge of financial markets and the banking regulatory environment
- Extensive experience working with US and European regulators, particularly in the liquidity space
- Strong written, verbal communication and time management skills
- Ability to multi-task, manage priorities, delegate team tasks while maintaining focus on priorities and meet deadlines in a demanding and deadline-oriented environment
- Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high level of initiative
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
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:
$170,000 - $267,500 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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