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