Liquidity Risk

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 independent risk oversight and assessment of State Street’s liquidity risk. GLOBAL TREASURY RISK MANAGEMENT OVERSIGHT Banking is a risk-taking business. The goal of ERM is to ensure that State Street’s risks are proactively identified, well-understood, and prudently managed in support of our business strategy. As such, ERM provides risk oversight, support, and coordination to ensure consistent identification, measurement and management of all risks arising from the provision of products and services to our clients. GTRM acts as the business-aligned risk function focused on these responsibilities for the activities of the Global Treasury (GT) department. GT core functions include managing the investment portfolio, asset-liability risk, liquidity 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. Our team is responsible for identify, analyzing, monitoring key financial risks of State Street including liquidity risk, interest rate risk, and mark-to-market risk. POSITION PRIMARY DUTIES AND RESPONSIBILITIES The Treasury Risk Manager, Vice President within GTRM will focus on liquidity risk management. This individual should have experience within a banking organization and possess good verbal and written communication skills for interactions within GTRM as well as with internal and external stakeholders including global business partners and regulators. The primary responsibility of the liquidity risk management team is the independent oversight of the bank’s liquidity risk. The ideal candidate will have the ability to influence and engage senior stakeholders, as well as to adapt to changing market events with a liquidity risk implication. The candidate will need the ability to organize both qualitative and quantitative information in a meaningful way to develop effective review and challenge framework in the liquidity risk area. This position requires the ability to grasp complex concepts coupled with a solid understanding risk measurement and analytics, quantitative modeling, and risk management techniques as well as product knowledge. The role involves interactions with teams globally and interaction with senior management, which requires ability to effectively communicate, in both written and verbal form. The individual will be expected to undertake unsupervised research on areas of liquidity risk. The individual will also be responsible for the maintenance and enhancement of current risk management processes and policies for the liquidity risk program. The ideal candidate will: • Lead or support 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 • Support senior management and communications with regulators; have experience in preparing presentations for executive management and regulators • Have strong writing abilities and comfort drafting and reviewing procedures and policies • Support and enhance the assessment, monitoring and reporting of liquidity risks, and compliance with liquidity requirements • 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. • Perform and document analyses and processes for the enhancement of the team’s overall framework QUALIFICATIONS, SKILLS, AND EXPERIENCE • 4-8 years of experience in a banking organization, with specific experience in Treasury and Liquidity Management within a large bank. • Bachelor’s degree in economics, finance, or other related field required; M. Sc. preferred • Knowledge of financial markets and the banking regulatory environment • Analytical background and good knowledge of quantitative methods applied to finance • Ability to manage large amounts of data to perform complex quantitative and qualitative analyses • Excellent understanding of financial instruments and the balance sheet of a global bank • Ability to multi-task, manage priorities, delegate team tasks while maintaining focus on priorities and meet deadlines in a demanding and deadline-oriented environment • Independent and critical thinking skills and strong financial acumen • Team player with unquestionable integrity and ethical standards • Strong work ethic and highly organized to manage multiple deliverables • Effective verbal and written communication skills • Proficiency in MS applications About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. 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