Global Head of Liquidity Risk Oversight, Managing Director

Who we are looking for

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 oversight of State Street’s liquidity risk management practices globally.

GTRM acts as the business-aligned risk function focused on risk oversight, support, and coordination to ensure consistent identification, measurement and management of risks in the scope of  the activities of the Global Treasury (GT) department. GT core functions include managing liquidity risk, the investment portfolio, asset-liability 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.

We are looking for a Managing Director – Global Head of Liquidity Risk Oversight to join GTRM reporting to the Senior Vice President, Global Head of Treasury Risk.

What you will be responsible for

The Managing Director – Global Head of Liquidity Risk Oversight will manage a global team responsible for independent oversight of the firm’s liquidity risk management practices.  This includes review and challenge of 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, among other activities.  This individual should have extensive experience within a banking organization and possess excellent verbal and written communication skills for interactions with senior management, internal and external stakeholders including global business partners and regulators.

The ideal candidate will:

• Continuously develop/enhance and implement risk oversight frameworks compliant with relevant global regulations.
• Utilize qualitative and quantitative information in a meaningful way 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 (e.g., LCR, NSFR, RLAP) and internally defined metrics.
• Review and challenge stress testing methodologies and scenario design (e.g., ILST) and other key liquidity processes including Investment portfolio monetization; Cash flow projections; Intraday risk;  Collateral management;  Contingency Funding Plan; Funding/liquidity forecasting; Recovery and Resolution Planning;  Transfer Pricing frameworks; Liquidity data framework and reporting oversight.
• Lead critical projects with high-impact on company results.
• Have the ability to influence and engage senior stakeholders, as well as to adapt to changing market events with a liquidity risk implication.
• 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, developing  a relationship of mutual trust and confidence.
• 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.
• Have a 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.

Qualifications, Skills and experience

• 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