Global Head of Liquidity Risk Oversight – Managing Director
| Company | State Street |
|---|---|
| Location | Boston, MA, USA, Stamford, CT, USA, Paterson, NJ, USA |
| Salary | $170000 – $282500 |
| Type | Full-Time |
| Degrees | Bachelor’s, Master’s |
| Experience Level | Senior, Expert or higher |
Requirements
- BA/BS degree in finance or related field. M.Sc. preferred
- 15+ years of relevant experience in the financial services industry, with specific experience in Treasury and Liquidity Management within a large bank
- Knowledge of financial markets and the banking regulatory environment
- Excellent understanding of financial instruments and the balance sheet of a global bank
- Extensive experience working with US 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
Responsibilities
- Manage a global team responsible for independent oversight of the firm’s liquidity risk management practices
- Review and challenge adequacy and effectiveness of liquidity risk management processes
- Identification of risks, measurement and stress testing of risks
- Establishment of risk appetite limit and reporting framework to control and monitor risks
- Continuously develop/enhance and implement risk oversight frameworks compliant with relevant global regulations
- Utilize qualitative and quantitative information to provide review and challenge of liquidity risk practices and define the firm’s risk appetite
- Establish and maintain a robust limit and reporting framework that includes regulatory-driven ratios and internally defined metrics
- Review and challenge stress testing methodologies and scenario design and other key liquidity processes
- Lead critical projects with high-impact on company results
- Have the ability to influence and engage senior stakeholders
- Assess new products and business line expansions for potential liquidity risk impacts
- Actively participate in regulatory exams and represent second line of defense in regular meetings with regulators
- Be a central point of contact to track, manage, and respond to both internal and external regulatory inquiries
- Have strong writing abilities and comfort drafting and reviewing procedures and policies
- Have experience in preparing presentations for executive management and regulators
Preferred Qualifications
- Ability to influence and engage senior stakeholders
- Adapt to changing market events with a liquidity risk implication
- Solid understanding of risk management techniques as well as product knowledge including: operational deposits, prime services, agency lending, FICC program, FX Derivatives, Investment Portfolio (HQLA/ non-HQLA), Fund finance, Muni Finance, Secured/unsecured borrowing etc.