Position Title
Liquidity Risk Mgmt Oversight Manager
Location
Hicksville/102 Duffy Avenue/3797
Job Summary
The Liquidity Risk Management Oversight Manager is responsible for overseeing and managing the Second Line of Defense liquidity and funding risk management oversight processes, ensuring compliance with regulatory requirements, risk appetite, and providing independent oversight of the first line of defense liquidity and funding activities. This role involves implementing risk management frameworks, monitoring and analyzing short-term and long-term liquidity risk, and ensuring the organization's financial stability and resilience.
Salary Range: $117,184 - $232,025
Job Responsibilities
- Risk Management and Oversight:
- Establish and maintain robust governance frameworks for liquidity and funding risk management, ensuring clear roles, responsibilities, and accountability.
- Oversee, implement, and maintain comprehensive liquidity and funding risk management frameworks, policies, and procedures.
- Conduct independent assessments of liquidity and funding risk exposures, identifying potential vulnerabilities and areas for improvement.
- Monitor and analyze the organization's liquidity positions and funding strategies, ensuring alignment with risk appetite and regulatory requirements.
- Monitor intraday liquidity positions and ensure sufficient collateral is available to meet the organization's obligations.
- Review and challenge the first line of defense's risk management activities, providing independent oversight and guidance.
- Conduct regular reviews and testing of liquidity and funding risk management practices, identifying areas for improvement and ensuring adherence to internal policies and regulatory standards.
- Regulatory Compliance:
- Ensure compliance with relevant regulatory requirements, guidelines, and industry best practices related to liquidity and funding risk.
- Prepare and submit regulatory reports and disclosures, ensuring accuracy and timeliness.
- Stay abreast of changes in the regulatory landscape and assess their impact on the organization's liquidity and funding risk management practices.
- Reporting and Analysis:
- Ensure effective control mechanisms to monitor and manage liquidity and funding risks, including risk limits, thresholds, and escalation processes.
- Prepare detailed risk reports and presentations for senior management, risk committees, and regulatory bodies.
- Review and challenge stress testing and scenario analysis to evaluate the organization's resilience to liquidity shocks and funding pressures.
- Oversee and redevelop as necessary key risk indicators (KRIs) compliance and escalation on an ongoing basis.
- Stakeholder Collaboration:
- Collaborate with the first line of defense, including treasury, finance, and business units, to enhance liquidity and funding risk management practices.
- Provide training and guidance to stakeholders on liquidity and funding risk management principles and practices.
- Engage with auditors, regulators, and industry bodies to ensure alignment with best practices and regulatory expectations.
- Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.
Additional Accountabilities
- Performs special projects, and additional duties and responsibilities as required.
- Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
Job Requirements
Required Qualifications:
- Education level required: Undergraduate Degree (4 years or equivalent) in Finance, Economics, Risk Management, or a related field.
- Minimum experience required: 7+ Years in liquidity and funding risk management, preferably within an OCC-regulated large banking organization or within a regulatory environment.
Preferred Qualifications:
- Education level preferred: Master's Degree (or Postgraduate equivalent) in Finance, Economics, Risk Management, or a related field.
- An advanced degree and/or supervisory/professional certifications are preferred.
Job Competencies:
- Strong understanding of liquidity and funding risk management frameworks, inter-agency regulatory requirements, and industry best practices (e.g., Basel III, LCR, NSFR).
- Proficient in financial modeling, stress testing, scenario analysis, and in risk management software and tools.
- Proven ability to analyze complex financial data, conduct and/or direct independent pro-forma stress testing, and prepare detailed risk reports.
- Excellent communication and interpersonal skills with the ability to effectively interact with senior management, regulators, and other stakeholders.
- Strong analytical and problem-solving skills, with a keen attention to detail.
- Strong critical thinking and decision-making skills, with the ability to navigate complex and dynamic risk landscapes.
- Highly organized and detail-oriented, with the ability to manage multiple priorities and deadlines.
- Proactive and self-motivated, with a strong sense of accountability and integrity.
- Uses independent judgement and discretion to make decisions.
- Ability to work independently and as part of a team, fostering a collaborative and inclusive work environment.
- Occasional travel.
- Physical demands (ADA): No unusual physical exertion is involved.
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