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
*
*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
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