Job Summary & Responsibilities
Description of Corporate Treasury
Corporate Treasury works closely with the CFO, Treasurer and other members of senior management to manage the firm's funding, liquidity, capital and relationships with creditors and regulators. The department plays a key role in firmwide strategic and analytical projects, providing a unique insight into the firm's business activities and performance.
Description of Data and Commitments Governance Function
The department is establishing a new internal Data and Commitments Governance function to provide enhanced control over data used in preparation of internal metrics, regulatory returns, and model outputs, as well as the department's broader commitments to regulators and the firm's internal control functions. The new team will be responsible for establishing a global governance framework for both data and broader commitments to ensure that there is appropriate data risk aggregation and reporting, and visibility, monitoring and management across the department's commitments. Objectives are to ensure that all key measures produced by the department are materially complete and accurate, and that there is ongoing satisfactory fulfillment of commitments .
Responsibilities:
• Build and lead a team of 2-4 professionals across global offices
• Establish or enhance existing coverage models across product teams,key reports and commitments
• Ensure completeness and accuracy of the department's repository of commitments
• Develop and execute effective monitoring and escalation across the department to ensure satisfactory fulfillment of commitments
• Perform continuous testing to ensure data completeness and accuracy
o Transaction Testing: Validate transaction level data to the original source
o Substantive Testing: Confirm accuracy of inputs to regulatory reports and disclosures
o Governance Testing: Ensure compliance with and alignment to internal policies and external regulatory standards
o Control Testing: Assess the design and effectiveness of control frameworks
• Plan and execute a program for periodic self-assessments vs. industry standards such as BCBS 239 ("Principles for effective risk data aggregation and risk reporting")
• Define and produce a suite of metrics that can be used to measure progress and identify trends in data quality and governance
• Evaluate the effectiveness of reconciliation processes to firm financials
• Propose new data validation controls and diagnostics
• Author and maintain appropriate departmental policies and procedures for data governance
• Coordinate with the firm's independent liquidity risk management function (Liquidity Risk Management and Analysis) on risk control and governance matters
• Liaise with technology teams to ensure robust data architecture and governance controls
• Serve as the primary point of contact with Internal Audit for data-related audits
• Work with the firmwide Data Governance Office to ensure compliance with firmwide standards and adoption of enterprise tools and best practices M
Preferred Qualifications
• Strong quantitative skills and high attention to detail
• Ability to navigate, interpret, and scrutinize large and complex data sets
• Strong verbal and written communication skills
• Ability to analyze, evaluate and form independent judgments
• Critical thinking and problem solving skills
• Proficiency in Microsoft product suite and (preferably) data visualization tools like Tableau
Minimum Requirements
• 5+ years of experience
• VP-level preferred, though will consider strong senior Associates
• Familiarity with financial products and transaction types
• Experience in data governance, audit, project management, or testing
