Liquidity Risk

Global Treasury Risk Management (GTRM), a team within State Street's Enterprise Risk Management (ERM) department, is looking for an experienced treasury risk professional. The primary focus for the position will be the independent risk oversight and assessment of State Street's liquidity risk.

• Must have Liquidity Risk experience

GLOBAL TREASURY RISK MANAGEMENT OVERSIGHT

Banking is a risk-taking business. The goal of ERM is to ensure that State Street's risks are proactively identified, well-understood, and prudently managed in support of our business strategy. As such, ERM provides risk oversight, support, and coordination to ensure consistent identification, measurement and management of all risks arising from the provision of products and services to our clients. GTRM acts as the business-aligned risk function focused on these responsibilities for the activities of the Global Treasury (GT) department. GT core functions include managing the investment portfolio, asset-liability risk, liquidity risk, funding and liability pricing, capital structure, and rating agency relationships.

GTRM plays a critical role in the overall success of the organization. State Street investors and clients rely on State Street to ensure the risks of State Street are appropriately managed. Our team is responsible for identify, analysing, monitoring key financial risks of State Street including liquidity risk, interest rate risk, and mark-to-market risk.

POSITION PRIMARY DUTIES AND RESPONSIBILITIES

The Treasury Risk Director, Vice President within GTRM will focus on Liquidity risk management. This individual should have experience within a banking organization and possess good verbal and written communication skills for interactions within GTRM as well as with internal and external stakeholders including global business partners and regulators.

The ideal candidate will have the ability to influence and engage senior stakeholders, as well as to adapt to changing market events with a liquidity risk implication. The candidate will need the ability to organize both qualitative and quantitative information in a meaningful way to develop effective review and challenge framework in liquidity risk area as per Reg YY requirements:

• liquidity risk metrics/methodologies/models review and challenge, including stress testing (ILST/RLAP/LCR),
• Liquidity data framework and reporting oversight, data and reporting change management, raising and managing issues related to Liquidity Risk data governance and reporting, Risk appetite Statement, Limits management and escalation, Limits framework and calibration).

This position requires the ability to grasp complex concepts coupled with a solid understanding risk measurement and analytics, quantitative modelling, and risk management techniques as well as product knowledge: Operational depsosits, Enhanced Custody, FICC program, FX Derivatives, Investment Portfolio (HQLA/non-HQLA), Fund finance, Muni Finance, Secured/unsecured borrowing etc.

The role involves interactions with teams globally and interaction with senior management, which requires ability to effectively communicate, in both written and verbal form.

The individual will be expected to undertake unsupervised research on areas of liquidity risk. The individual will also be responsible for the maintenance and enhancement of current risk management processes and policies for the liquidity risk program.

Additional duties and responsibilities include:

• Lead critical projects with high-impact on company results
• Support senior management and communications with regulators
• Lead the calibration of liquidity risk limits and independent reviews of the liquidity risk management framework,
• Enhance the assessment, monitoring and reporting of liquidity risks, and compliance with liquidity requirements

QUALIFICATIONS, SKILLS, AND EXPERIENCE

• 8-10 years of experience in a banking organization, ideally within a major bank
• Master's degree in economics, finance, or other related field, with quantitative background a plus
• Experience in Liquidity data framework and reporting oversight, reporting change management
• Analytical background and good knowledge of quantitative methods applied to finance
• Ability to manage large amounts of data to perform complex quantitative and qualitative analyses
• Excellent understanding of financial instruments and the balance sheet of a global bank
• Experience with liquidity risk at a banking organization
• Effective verbal and written communication skills
• Strong work ethic and highly organized to manage multiple deliverables
• Bachelor's degree in economics, finance, or other related field required
• Independent and critical thinking skills and strong financial acumen
• Team player with unquestionable integrity and ethical standards
• Self-starter with willingness to work in a fast-paced, high-energy level environment
• Proficiency in Excel and other MS applications

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