Global investment bank seeks an AVP level Liquidity risk manager as part of their expanding Funding and Liquidity Treasury risk division.
Liquidity Risk team act as the second line of defence against the bank's liquidity risk. The team is responsible for the definition, measurement and monitoring of liquidity risk profile, as well as oversight of the first line's adherence to the Board's Liquidity Risk Appetite.
The team is responsible for providing subject matter expertise on liquidity risk drivers, defining stress testing scenarios and guiding subsequent calibration, the review of liquidity stress models for all relevant businesses, defining liquidity risk limits, monitoring the limit framework on a daily basis, escalating limit breaches, stakeholder engagement and ad hoc analytics. The team also provides challenge to first line on interpretion of the evolving regulatory landscape and review business funding plans.
The team's work is a mixture of longer-term project-based, requiring collaboration across multiple departments, with shorter dated deliverables related to daily risk management responsibilities. The team is split into a matrix structure, with VPs and Directors owning particular risk stripes and having oversight responsibilities for designated legal entities.
Overall purpose of role
The team operates in a "pyramid" structure, headed by a Director who manages multiple sub-teams, with each sub-team run by a VP. Within each sub-team, each AVP/Analyst is responsible for independently driving forward one or multiple projects, being supported by the respective VP as required.
In addition to projects the team is responsible for providing advice to businesses on the liquidity risk of individual transactions, reviewing and challenging new products from a liquidity risk point of view, and approving / rejecting transactions that could lead to liquidity risk being taken by the firm which is outside of risk appetite.
Decision-making and Problem Solving
A successful candidate is expected to show keen evaluative judgement and analytical skills. The role requires combining detailed economic, product and business knowledge within a dynamically shifting environment of regulation, risk and opportunity.
This person will work within a global team and must be experienced at effectively managing multiple competing deliverables.
Desirable skills/Preferred Qualifications:
Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.