The individual will be part of the Liquidity Methodology and Analytics team within the Global Liquidity Management (GLM) function, which is part of State Street's Global Treasury (GT) department.
The GLM team is responsible for establishing and maintaining effective liquidity management and liquidity risk management frameworks and processes globally across all lines of business and legal entities within State Street. The GLM team ensures proper measurement, reporting and monitoring of liquidity risks across the firm in line with regulatory expectations and established internal risk appetite. The GLM team partners with stakeholders from business, risk, data, and technology teams as well as the firm's Asset and Liability Committee (ALCO) to drive initiatives that improves State Street's liquidity position and liquidity risk management practices. The GLM team also interfaces with regulators and industry groups on liquidity matters.
What you will be responsible for In this role, the individual will be responsible for:
- Assisting in the development, maintenance, and documentation of scenario narratives as well as methodologies and assumptions related to specific products within:
- Firm-wide Internal Liquidity Stress Tests (ILSTs)
- Firm-wide Resolution Liquidity Adequacy and Positioning (RLAP) and Resolution Liquidity Execution Need (RLEN)
- Firm-wide Regulatory Liquidity Stress Tests (RLSTs), namely U.S. LCR and U.S. NSFR, such as Operational Deposits methodology.
- Assisting in the development, maintenance and documentation of interpretations related FRB's reporting instructions for FR2052a and Regulation WW (U.S. LCR and U.S. NSFR).
- Assisting in the development and maintenance of firm's comprehensive liquidity risk inventory and its interlinkages with RLSTs, ILSTs, RLAP, RLEN and other liquidity risk framework.
- Engaging with stakeholders in business, data, and technology teams actively and in partnership with firm's Central Modeling Analytics (CMA) team to collect and analyze internal and external data and formulate calibration proposals.
- Facilitating an iterative review and challenge of the interpretations and assumptions by Global Treasury Risk Management (GTRM) and validation of models by Model Validation Group (MVG)
- Assisting in the development of recommendations for new or changes to liquidity methodologies and assumptions to senior management and senior governance forums.
- Partnering with the data, technology, and operations team in implementing the approved interpretations, methodologies, and assumptions within firm's enterprise infrastructure
- Actively syndicating the impact of the changes to all impacted stakeholders across business, legal entity, and risk.
- Assisting in the formulation and presentation of responses related to scheduled or ad-hoc regulatory meetings or exams and requests from senior management and the board of directors.
- Assisting the re-design of firm's reporting and analytical capabilities related to daily FR2052a, RLSTs and ILSTs to improve explainability of the firm's liquidity metrics.
- Assisting in the maintenance and re-design of the processes related to firm's short-term and long-term cash flow forecasting.
- Supporting businesses in the liquidity risk assessment of new products and evaluate recommendations for liquidity optimization.
Qualifications and Specialized Skills - A bachelor's degree in finance, economics, business administration, accounting, computer science or information systems. Advanced degree is a plus.
- 4-5 years of relevant experience in the treasury, risk, analytics, or model development groups within a bank, with demonstrated track record of financial analytics, modeling and quantitatively supporting management decision-making.
- Experience within a G-SIB or an FBO is a plus.
- Working knowledge of the liquidity regulatory landscape (e.g., Reg WW, Reg YY, RRP Guidance)
- Prior involvement in ILST or cashflow forecasting re-design and regulatory exams is a plus.
- Advanced MS Office skills
- Working knowledge of one or more of these tools - SQL, PL/SQL, VBA, R, SAS, Python, Spotfire, PowerBI, Tableau are a plus.
- Basic knowledge in programming or experience with collaborating with programmers - especially experience with clear definition of implementation requirements is a plus.
- Strong written, verbal communication and time management skills
- Ability to multi-task and manage priorities while maintaining focus on priorities and meet deadlines in a demanding and deadline-oriented environment.
- Ability to proactively resolve issues by collaborating with other teams.
- Experience in preparing presentations for executive management and regulators.
- Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high-level of initiative.
What we offer as development opportunity - Unique opportunity to be part of the growing team that is leading a front-to-back transformation of a U.S G-SIB's liquidity risk management processes, while gaining exposure to the firm's entire line of business and products globally
- Exposure to interact with and present to senior management, industry peers and key regulators.
- Become a subject matter expert (SME) in liquidity risk management, liquidity stress testing and liquidity regulations, preparing the individual for a future leadership role in Treasury/ Finance.
Salary Range: $100,000 - $167,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
