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Funding and Liquidity Risk Specialist - Supervision Group

Company: Federal Reserve Bank of New York
Location: New York
Posted on: July 11, 2018

Job Description:

Primary Location: NY-New York CityFull-time / Part-time: Full-timeEmployee Status: RegularOvertime Status: ExemptJob Type: ExperiencedTravel: Yes, 10 % of the TimeShift: Day JobInstitutional Overview:Large and Foreign Banking Organizations (LFBOs) are non-LISCC domestic banking organizations with $50 billion or more in total assets and foreign banking organizations with U.S. assets over $50 billion.---- LFBOs are subject to the Consolidated Supervision Framework (SR 12-17 / CA 12-14). -- The Risk and Analysis Department, within the Large and Foreign Banking Organizations Supervision Group, partners with on-site teams to promote the safety and soundness of and to assess risk management of LFBOs.-- A key objective of the department is to ensure that financial institutions have robust procedures and controls in place to properly identify, measure, manage and control existing and emerging risks related to funding and liquidity. Funding & Liquidity Risk Specialist contribute to the LFBO management's objectives by engaging in continuous data collection, analysis, and special projects related to liquidity position and liquidity risk management in a manner that complements on-site supervisory initiatives. -- Responsibilities:In this role, the candidate will serve as a Funding and Liquidity Risk Specialist covering institutions in the Large and Foreign Banking Organizations (LFBO) Supervision Group.-- The Second District's LFBO portfolio includes both domestic and foreign-owned institutions with US operations over $50 billion in assets. The candidate is expected to possess exceptional analytical and problem solving skills and bring strong funding, liquidity and interest rate risk management knowledge to the team. The ability to analyze off balance sheet structures, balance sheet asset and liability components, as well as identify risk concerns and vulnerabilities emanating from business line activities is critical. Prior experience in a regulatory agency, Corporate Treasury and/or risk management function involved in the execution and/or evaluation of funding, liquidity and interest rate risk activities is also expected.-- Candidates must possess superior communication skills and financial expertise to engage Treasurer, CFO and CRO level management at supervised financial institutions. -- The incumbent's day-to-day responsibilities will include:Risk Assessment, Evaluation and Control--Reviewing financial institution(s) MIS and regulatory reports in order to maintain an ongoing view of the institutions' liquidity position. --Leading meetings with Treasury, Independent Liquidity Risk, Internal Audit, and the Chief Risk Officer to evaluate the effectiveness of governance and risk management processes. --Reviewing Risk Committee, ALCO and other committee packages to ascertain how the liquidity and funding strategies align with the institutions' strategy on consolidated and business entity levels.--Ensuring the firm's compliance with current liquidity regulations and guidance (i.e. LCR, Reg YY-Enhanced Prudential Standards, SR 10-6, etc.). --Preparing quarterly and annual assessments/ratings of the liquidity risk management practices and liquidity position at assigned financial institution(s). --Participating in examinations of the funding, liquidity and interest rate risk management practices at assigned financial institution(s), and assist on reviews at other complex institutions to facilitate peer group perspective. --Presenting supervisory issues to various levels of management at FRBNY and supervised institutions. --Fostering relationships and information sharing with other supervisory agencies and foreign regulators as appropriate. -- Projects--Assisting in the execution of System-wide horizontal review of liquidity risk management practices and other projects in order to identify issues related to systemic financial stability.--Collaborating with subject matter experts across the Federal Reserve System to better understand complex issues and takes a leadership role in determining the appropriate supervisory response.-- Qualifications Bachelor's in Finance, Economics, or similarly relevant degree.-- MBA or MS in similar fields of study are a plus. 5+ years overall experience, with a minimum 2 years related experience in Treasury, ALM, or a related risk management function covering asset liability and/or funding management, ideally in a large financial institution. Similar experience developed another regulatory agency would also be considered. Knowledge of unsecured funding markets, fixed income, structured products, and financial derivatives. Knowledge of Enhanced Prudential Standards in accordance with Regulation YY (Dodd Frank Act) as it relates to supervised firms is expected. Familiarity with finance theory, quantitative methods and statistical analysis Knowledge of investment banking and/or prime brokerage business lines, or deposit rate and balance sheet modeling is a plus. Candidates should have: Strong quantitative and analytical thinking skills demonstrated by the ability to understand complex and technical topics and arrive at sound supervisory judgments. Proficiency in utilizing spreadsheets, databases and market data tools including Bloomberg. Excellent written communication skills and well-developed presentation skills. Ability to multi-task and deliver on concurrent assignments on a timely basis. This position requires access to confidential supervisory information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so. The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

Keywords: Federal Reserve Bank of New York, New York, Funding and Liquidity Risk Specialist - Supervision Group, Accounting, Auditing, New York, New York

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