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VP of Asset & Liability Management

Company: Consumer Banking & Financial Services, New York, N
Location: New York
Posted on: March 13, 2018

Job Description:

Company is a global financial services leader providing wholesale, rural and retail banking, leasing, payments, and real estate services in more than 40 countries worldwide. Founded over a century ago, Company today is one of the world’s largest banks with over $750 billion in assets. In North America, Company is a premier bank to the food, beverage and agribusiness industries and a leading renewable energy financier, providing sector expertise, strategic counsel and tailored financial solutions to clients across the entire food value chain. Company’s Wholesale Banking business in North America is headquartered in New York and serves corporate and institutional clients across the United States, Canada, and Mexico with a tailored suite of advisory services, product offerings, and sector specialized research. The bank’s wholesale advisory services and products focus on these areas: Lending: Corporate lending, Trade & Commodity Finance, Renewable Energy Financing, Acquisition Finance, Renewable Energy Financing, Acquisition Finance Structured Solutions: Global Client Solutions, Asset-Based Finance Advisory: Mergers & Acquisitions, Capital Structuring Advisory, RaboResearch, Innovation Markets: Capital Markets, Risk Management Your Function: Finance is responsible for the financial, management, and regulatory reporting for North America. The group ensures proper policies and procedures are in place governing the entire reporting process, including budget, profit & loss, balance sheet, economic capital, MT packages, and other reporting requirements. This position also plays an integral role with the businesses and support areas as an advisor, liaison and process innovator in a business control function. The purpose of the role is to: Report on Company North America’s balance sheet to ensure the best management of Assets & Liabilities, working closely with Treasury and other reporting teams. Align balance sheet management with the strategic direction of the Group. Providing appropriate and timely analysis to assist the Asset & Liability Committee (“ALCO”) as well as Pricing Committees (PC) in making decisions. Prepare liquidity reports for submission to regulatory bodies (i.e. 2052a, etc.) as well as internal governance bodies (i.e. ALCO, etc.) Prepare monthly Balance Sheet reports and Treasury P&L for discussion in ALCO Provide a consistent forward looking financial view on Balance Sheet positions. This role provides all stakeholders the key information in managing their business. Prepare Balance Sheet Forecasts for discussion in the ALCO Act as a centre of excellence on treasury & liquidity impact on product and system developments. Perform Treasury Control related tasks (e.g. in the area of FTP). This position coordinates and aligns business unit presentations and head office data to present a clear regional viewpoint. This role / position is to support the FP&A function and the CFO in Asset and Liability Management. Balance Sheet and Capital are key resources that need to be carefully managed. The Finance organization is critically positioned to ensure the Bank manages its Balance Sheet, Funding and Liquidity in the right way. Your Profile: Key Responsibilities and Accountabilities: The VP of ALM is a direct report to the Regional Head of FP&A and is responsible & accountable for the following: Balance Sheet reporting: Development of Asset & Liability Management reports and provide analysis on an ad-hoc basis for ALCO Funds Transfer Pricing (FTPs): Control, development and reporting of liquidity premiums to Centre of Competence Reports and management. Control LPs applied by the Treasury function. Quarterly Forecasting and Annual Budget: is responsible for implementing a regional rolling forecast process and delivery of the regional forecast to Head of FP&A and ALCO. Provides input in the annual budget process for Balance Sheet. Balance Sheet and Liquidity Forecasting: Identifies balance sheet constraints including capital, funding and liquidity. Responsible for the Balance Sheet (business line and legal entity) forecasts for UAH, NYBR and CAN BR. Provides scenario inputs (where required) for, and is a key participant in, the Dodd Frank Act Stress Testing (“DFAST”). Business Analysis: provides forward looking analysis and business insights to the Regional Head of FP&A and the CFO – for the purpose of informing key stakeholders (such as the North America Executive Team, Head Office and other stakeholders) on Balance Sheet trends by business lines. Act as partner and advisor to the businesses and support areas across the North American Region. Regulatory Reporting (Liquidity): Responsible for 2052a reporting to Regulatory Bodies. Treasury Control: Perform Treasury control related tasks including but not limited to adherence to FTP and Liquidity Stress Testing policies. Process Improvement: improve effectiveness and timeliness of process through automation, where possible. Continuous review and improvement of procedures to enhance efficiencies for preparation of planning to ALCO Ad-hoc: Any other relevant tasks as role and business are evolving. Internal Control and Compliance: is control focused and performs duties with highest level of integrity Core Competencies: Market/Customer focus: Asks open and targets questions, Analyses the customer’s needs, Makes proposals for improvements to the customer, Explains limits to the customer Synergize across group: Comes up with ideas, Exchanges knowledge and ideas, Consults others and shares knowledge, Seeks complementary knowledge, Promotes teamwork between units Output/Result-driven: Actively achieves results and goals, Tackles challenging goals, Links activities to results, Works on results improvements Inspirer/Enthusiast: Communication skills, Positive “can do” attitude Strategic Vision: Forward looking view, anticipates, Good judgment Job Skills and Knowledge: Excellent business and technical analysis capability Advanced knowledge of financial products and related business process Excellent written and verbal communication skills Strong interpersonal relationship and listening skills Must work with minimal supervision, managing time, projects, and responsibilities effectively and economically Must be able to analyze problems, evaluate alternatives and anticipate consequences Utilize strong project management skills to organize and structure planning Lateral thinking.

Keywords: Consumer Banking & Financial Services, New York, N, New York, VP of Asset & Liability Management, Executive, New York, New York

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