What are the responsibilities and job description for the Balance Sheet Management Associate position at Bank of China?
The incumbent is responsible for the design, implementation, and maintenance of the liquidity risk stress-testing framework, as well as the data collection, mapping, and coordination of liquidity buffer forecasts. In addition, s/he will be responsible of reporting on balance sheet risk management, IBOR Transition, banking book currency risk management, and ad-hoc analysis. Furthermore, this role will communicate and collaborate with business units on liquidity management matters and fulfill various regulatory requirements.
Job Responsibilities
Include but are not limited to:
Liquidity Risk Management
- Understand and stay current on the liquidity risk management and stress testing regulations and requirement
- Maintain liquidity risk stress testing models, templates, process and procedures; improve and refine existing assumptions, methodology, automation, and documentation
- Monitor liquidity buffer daily
- Coordinate with business units on liquidity buffer forecasts
- Prepare month-end liquidity risk stress testing results and report timely to business units and senior management
- Perform scenario analysis and buffer forecast to assist senior management make strategic decision and capital planning
Risk reporting and analysis
- Conduct interest profit analysis
- Perform quantitative analysis on variance and forecast on balance sheet
- Assist other team members on data source tracking and reconciliation
- Provide data analysis and summary for different spreadsheet reporting
- System upgrades related to IBOR transition
- Create monthly reports including liquidity risk report, business forecast report, foreign exchange exposure report, etc.
- Automate production process and maintain report templates
Risk Governance and Regulatory Exams
- Respond to audit requests and questions from model validation, and regulatory supervising teams
- Prepare audit materials
- Collaborate with other departments on annual liquidity model and assumption review
- Prepare meeting materials and coordinate meetings with various risk committees
- Train and guide junior team members
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Job Requirements
- Bachelor’s degree is required, Master's Degree is preferred
- Minimum 1-3 years of work experience in liquidity risk management and/or asset liability management
- Knowledge of financial products and regulatory requirements on EPS, LCR rules, NSFR, etc. is required
- Skills in statistical tools such as VBA or SQL is required
- Bilingual capability in Mandarin is highly preferred
- CFA certification is preferred
The salary range for the Associate position is $42,000-$90,000. Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
Job Type: Full-time
Pay: $42,000.00 - $90,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- Monday to Friday
Education:
- Bachelor's (Required)
Ability to Commute:
- New York, NY 10018 (Required)
Ability to Relocate:
- New York, NY 10018: Relocate before starting work (Required)
Work Location: Hybrid remote in New York, NY 10018
Salary : $42,000 - $90,000
