Raymond James Financial Incorporated
SVP, Liquidity Risk Management
Raymond James Financial Incorporated, New York, New York, us, 10261
Job Summary
The SVP of Liquidity Risk Management reports to the SVP, RJF Risk Management and is responsible for establishing an effective liquidity risk management program for RJF's unique balance sheet composition and business model consistent with regulatory expectations. This position provides effective challenge to the Treasury areas including aspects of internal liquidity stress testing (ILST), cash flow forecasts, contingency funding plan (CFP), and day-to-day liquidity monitoring and reporting.
Essential Duties and Responsibilities
•Provide effective challenge of Liquidity Policy, Contingent Funding Plans (CFP), and Liquidity Risk Management Frameworks, cash flow forecasts, limit frameworks, intraday and collateral management and other liquidity pillars and processes including liquidity and capital stress testing processe
•Balances quantitative and qualitative approaches in designing appropriate liquidity risk monitoring processes recognizes the liquidity risk management implications of the Bank's on-balance deposit products and off-balance investment products used by our clients.
•Recommend appropriate liquidity risk limits and guidelines in a comprehensive manner by addressing funding concentrations, minimum levels of borrowing capacity, the size and composition or the liquidity buffer portfolio, and liquidity allocations.
•Participate as a member of the Asset Liability Committee and other supporting sub-committees offering thoughtful perspectives on the macroeconomic environment, asset liability management strategies, and business trends.
•Develop impactful management and board level reports and communicate risk results and actively steer funding and liquidity risks.
•Identify, analyze and advise management on liquidity related issues inclusive of risks and liquid asset optimization strategies. Provide liquidity subject matter input for balance sheet management and to business line managers.
•Collaborate and work closely with internal and external stakeholders including Treasury, Finance, Regulatory reporting, Risk Management, Business Units, and Technology / Data teams.
•Attract, retain and develop top-caliber talent for the team.
•Proactively support the diversity strategies and goals for Treasury and the broader Finance & Strategy group.
Qualifications:
Knowledge, Skills, and Abilitie
Knowledge of
•Strong understanding of liquidity risk, balance sheet management, and data analytics.
•Liquidity risk management requirements from regulator
•Comprehensive knowledge of relevant regulatory policy and guidance.
Skill in
•Creation of a sustainable liquidity risk management program that meets regulatory liquidity risk management expectations while supporting the RJF's overall liquidity and funding strategy.
•Development of a Governance and Control framework ensuring completeness and accuracy in analysis and reporting including clear documentation of process/model assumptions, limitations and weaknesses.
•Execution of defined project deliverables related to meeting minimum liquidity risk management guidelines.
Ability to
•Ability for strategic problem solving, attention to detail, and the capability to manage effectively against deadlines.
•Strong communication, organization & interpersonal skills required to effectively communicate, collaborate, and lead cross functional initiatives at all levels across multiple areas of the organization.
•Excellent oral and written communication skills.
•Strong technical and analytical skills.
•Strong ability to influence and build consensus.
Educational/Previous Experience Requirement
Education/Previous Experience
•Bachelor's degree
•Liquidity risk reporting, driving enterprise-wide initiatives, and understanding of risk fundamentals to deliver upon necessary regulatory and good governance requirements.
•The ideal candidate will be strategic, analytical and a strong communicator with the ability to guide key decisions.
•15+ years of successively responsible leadership positions in large or growing Financial Institutions with specific experience in liquidity risk management.
•Fundamental understanding of bank balance sheet, liquidity and funding industry practices and supervisory requirements.
•Sound analytical skills and the ability to synthesize results into meaningful outcomes for key stakeholders.
•Experience interacting with Executive Management, Board, and Regulators to include experience presenting liquidity-related updates to key stakeholders, collaborating with executive management to align liquidity strategies with the long-term strategies of the firm, and possessing a proven track record of interacting with Board of Directors and presenting complex financial information.
Licenses/Certifications
•None required.
Raymond James Guiding Behaviors
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
•Grow professionally and inspire others to do the same
•Work with and through others to achieve desired outcome
•Make prompt, pragmatic choices and act with the client in mind
•Take ownership and hold themselves and others accountable for delivering results that matter
•Contribute to the continuous evolution of the firm
The SVP of Liquidity Risk Management reports to the SVP, RJF Risk Management and is responsible for establishing an effective liquidity risk management program for RJF's unique balance sheet composition and business model consistent with regulatory expectations. This position provides effective challenge to the Treasury areas including aspects of internal liquidity stress testing (ILST), cash flow forecasts, contingency funding plan (CFP), and day-to-day liquidity monitoring and reporting.
Essential Duties and Responsibilities
•Provide effective challenge of Liquidity Policy, Contingent Funding Plans (CFP), and Liquidity Risk Management Frameworks, cash flow forecasts, limit frameworks, intraday and collateral management and other liquidity pillars and processes including liquidity and capital stress testing processe
•Balances quantitative and qualitative approaches in designing appropriate liquidity risk monitoring processes recognizes the liquidity risk management implications of the Bank's on-balance deposit products and off-balance investment products used by our clients.
•Recommend appropriate liquidity risk limits and guidelines in a comprehensive manner by addressing funding concentrations, minimum levels of borrowing capacity, the size and composition or the liquidity buffer portfolio, and liquidity allocations.
•Participate as a member of the Asset Liability Committee and other supporting sub-committees offering thoughtful perspectives on the macroeconomic environment, asset liability management strategies, and business trends.
•Develop impactful management and board level reports and communicate risk results and actively steer funding and liquidity risks.
•Identify, analyze and advise management on liquidity related issues inclusive of risks and liquid asset optimization strategies. Provide liquidity subject matter input for balance sheet management and to business line managers.
•Collaborate and work closely with internal and external stakeholders including Treasury, Finance, Regulatory reporting, Risk Management, Business Units, and Technology / Data teams.
•Attract, retain and develop top-caliber talent for the team.
•Proactively support the diversity strategies and goals for Treasury and the broader Finance & Strategy group.
Qualifications:
Knowledge, Skills, and Abilitie
Knowledge of
•Strong understanding of liquidity risk, balance sheet management, and data analytics.
•Liquidity risk management requirements from regulator
•Comprehensive knowledge of relevant regulatory policy and guidance.
Skill in
•Creation of a sustainable liquidity risk management program that meets regulatory liquidity risk management expectations while supporting the RJF's overall liquidity and funding strategy.
•Development of a Governance and Control framework ensuring completeness and accuracy in analysis and reporting including clear documentation of process/model assumptions, limitations and weaknesses.
•Execution of defined project deliverables related to meeting minimum liquidity risk management guidelines.
Ability to
•Ability for strategic problem solving, attention to detail, and the capability to manage effectively against deadlines.
•Strong communication, organization & interpersonal skills required to effectively communicate, collaborate, and lead cross functional initiatives at all levels across multiple areas of the organization.
•Excellent oral and written communication skills.
•Strong technical and analytical skills.
•Strong ability to influence and build consensus.
Educational/Previous Experience Requirement
Education/Previous Experience
•Bachelor's degree
•Liquidity risk reporting, driving enterprise-wide initiatives, and understanding of risk fundamentals to deliver upon necessary regulatory and good governance requirements.
•The ideal candidate will be strategic, analytical and a strong communicator with the ability to guide key decisions.
•15+ years of successively responsible leadership positions in large or growing Financial Institutions with specific experience in liquidity risk management.
•Fundamental understanding of bank balance sheet, liquidity and funding industry practices and supervisory requirements.
•Sound analytical skills and the ability to synthesize results into meaningful outcomes for key stakeholders.
•Experience interacting with Executive Management, Board, and Regulators to include experience presenting liquidity-related updates to key stakeholders, collaborating with executive management to align liquidity strategies with the long-term strategies of the firm, and possessing a proven track record of interacting with Board of Directors and presenting complex financial information.
Licenses/Certifications
•None required.
Raymond James Guiding Behaviors
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
•Grow professionally and inspire others to do the same
•Work with and through others to achieve desired outcome
•Make prompt, pragmatic choices and act with the client in mind
•Take ownership and hold themselves and others accountable for delivering results that matter
•Contribute to the continuous evolution of the firm