CFA Institute
Head of Internal Liquidity Stress Testing, Managing Director
CFA Institute, Boston, Massachusetts, us, 02298
Who we are looking forAs part of Global Treasury, the candidate will assume a leadership role over the Liquidity Stress Testing team within State Street's Liquidity Management function, driving development of liquidity stress testing methodologies under various stress scenarios. This includes articulating the key vulnerabilities of the firm to be assessed, collaboration with subject matter experts in the business lines, defining scenario narratives and macroeconomic factors, and developing a methodology that tests the liquidity risks associated with each business. Moreover, the candidate will regularly collaborate with State Street's senior leaders across corporate and business functions to make recommendations on the liquidity methodology to management. She or he is expected to work closely with all internal stakeholders and team members to expand and improve upon coordination, communication, methodology, and reporting across Global Liquidity Management.
What you will be responsible forLeading the development of liquidity methodologies for products in select business lines, while effectively collaborating with senior leadership, central quantitative analytics, and other key stakeholders.Oversee the maintenance and enhancements to the liquidity stress test methodologies, including documentation for Model Validation, Audit, and Resolution and Recovery Plan submissions.Articulate the drivers of the liquidity stress test drivers to senior stakeholders in management and at regulatory bodies; proactively identify future enhancements to liquidity methodology.Manage coordination of corporate-wide assumptions rollout to international colleagues, while demonstrating proficiency in the corporate model.Lead coordination of methodology for implementation into Resolution and Recovery Planning exercises and serve as centralized coordination contact for Liquidity function.Lead presentations of liquidity methodology and results to relevant working groups and senior management.Provide high-level guidance and oversight to colleagues in the Bangalore office responsible for daily production of liquidity results.Lead ad hoc assignments in support of liquidity management.
What we valueThese skills will help you succeed in this role:Effective communicator with a consultative style. Being a trusted advisor.Ability to deliver compelling rationale, convince stakeholders and achieve consensus.Strong critical thinker with the ability to take complex information and clearly articulate it to management.Independent worker that takes ownership of responsibilities and holds their work to a higher standard.Team management skills, delegation and motivational attitude are essential to success.Ability to proactively resolve issues by working with other teams.Experience in preparing presentations for executive management and regulators.
Education & Preferred QualificationsBA/BS degree in a related field (Finance, Economics, Business Administration, Accounting, Information Systems).10+ years of relevant experience in the financial services industry, with specific experience in Internal Liquidity Stress Testing within a large bank.Knowledge of financial markets and the banking regulatory environment.Extensive experience working with US regulators, particularly in the liquidity space.Demonstrated track record of financial analytics, modelling and quantitatively supporting management decision-making.Strong written, verbal communication and time management skills.Ability to multi-task, manage priorities, delegate team tasks while maintaining focus on priorities and meet deadlines in a demanding and deadline-oriented environment.Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high level of initiative.
Are you the right candidate? Yes!We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data-driven decisions and are a good team player, you could be a great fit.
About State StreetWhat we do.
State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow.
We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility.
We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:$170,000 - $267,500 AnnualThe 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.#J-18808-Ljbffr
What you will be responsible forLeading the development of liquidity methodologies for products in select business lines, while effectively collaborating with senior leadership, central quantitative analytics, and other key stakeholders.Oversee the maintenance and enhancements to the liquidity stress test methodologies, including documentation for Model Validation, Audit, and Resolution and Recovery Plan submissions.Articulate the drivers of the liquidity stress test drivers to senior stakeholders in management and at regulatory bodies; proactively identify future enhancements to liquidity methodology.Manage coordination of corporate-wide assumptions rollout to international colleagues, while demonstrating proficiency in the corporate model.Lead coordination of methodology for implementation into Resolution and Recovery Planning exercises and serve as centralized coordination contact for Liquidity function.Lead presentations of liquidity methodology and results to relevant working groups and senior management.Provide high-level guidance and oversight to colleagues in the Bangalore office responsible for daily production of liquidity results.Lead ad hoc assignments in support of liquidity management.
What we valueThese skills will help you succeed in this role:Effective communicator with a consultative style. Being a trusted advisor.Ability to deliver compelling rationale, convince stakeholders and achieve consensus.Strong critical thinker with the ability to take complex information and clearly articulate it to management.Independent worker that takes ownership of responsibilities and holds their work to a higher standard.Team management skills, delegation and motivational attitude are essential to success.Ability to proactively resolve issues by working with other teams.Experience in preparing presentations for executive management and regulators.
Education & Preferred QualificationsBA/BS degree in a related field (Finance, Economics, Business Administration, Accounting, Information Systems).10+ years of relevant experience in the financial services industry, with specific experience in Internal Liquidity Stress Testing within a large bank.Knowledge of financial markets and the banking regulatory environment.Extensive experience working with US regulators, particularly in the liquidity space.Demonstrated track record of financial analytics, modelling and quantitatively supporting management decision-making.Strong written, verbal communication and time management skills.Ability to multi-task, manage priorities, delegate team tasks while maintaining focus on priorities and meet deadlines in a demanding and deadline-oriented environment.Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high level of initiative.
Are you the right candidate? Yes!We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data-driven decisions and are a good team player, you could be a great fit.
About State StreetWhat we do.
State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow.
We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility.
We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:$170,000 - $267,500 AnnualThe 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.#J-18808-Ljbffr