Major international bank in midtown Manhattan seeks experienced LIQUIDITY RISK CONSULTANT/HYBRID for long term role:
The Liquidity Risk Management provides oversight over liquidity and funding risks within US Operations . It is responsible for ensuring compliance with Enhanced Prudential Standards (EPS) liquidity requirements for Foreign Bank Organizations . Scope covers the US Branches and a US bank holding company, including subsidiaries such as the broker dealer and derivative trading entities
You will work within Liquidity Risk Management, a 2nd line function. You will oversee liquidity stress testing in key entities, in addition to maintaining reporting tools to monitor overall liquidity risk. You will act as liquidity risk liaison with front office functions and overseas Head Office. You should be comfortable interacting with senior management across various legal entities, business lines, and functions
ROLE:
Compile a suite of daily and monthly liquidity risk related reports for US Operations, with a key focus on banking entities as well as broker dealer and derivative swap dealer entities
Monitor liquidity risk and ensure adherence to the liquidity reporting framework and Risk Appetite Statement for all entities in US Operations by measuring daily activity vs. established liquidity risk limits
Consolidate subsidiary and branch liquidity data into cohesive presentations for senior management committees, governing bodies, and working groups
Assist with other team initiatives such as automation/enhancement of current reporting suite, refresh of Liquidity Stress Testing assumptions, etc.
Assess liquidity impacts of prospective products and businesses as part of the New Product Approval Process
Liaise with senior management in the US and Head Office on Liquidity Risk matters
REQUIREMENTS:
4 to 6 years in an analytical role in a Treasury department or Liquidity Risk function
Understanding of Liquidity risk management concepts, including cash flow forecasting, liquidity stress testing, and analysis of funding sources and uses for both bank and broker dealer entities
Knowledge of key liquidity risk regulations such as Regulation YY - Enhanced Prudential Standards for Foreign Banking Organizations (FBOs). Familiarity with LCR, NSFR, and FR2052a reporting
High degree of comfort working with data and spreadsheets such as pivot tables and vlookups including VBA and macros
Bachelor's degree required
Job Types: Contract, Temporary
Pay: $49.00 - $50.00 per hour
Benefits:
Experience level:
Schedule:
Education:
Experience:
Ability to Commute:
Work Location: Hybrid remote in New York, NY 10018
Hourly Wage Estimation for Risk Consultant in New York, NY
$40.70 - $58.21
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