Liquidity Risk Consultant in Charlotte, North Carolina
THE TEAM YOU WILL BE JOINING:
Fortune 500 financial services firm headquartered in Charlotte, NC with a significant investment in innovation
Recognized by Fortune as one of the worlds most admired companies in 2012 along with many other awards around social responsibility, diversity, equity and inclusion and client experience.
Purpose driven and team-oriented environment with focuses on leveraging employee talents, cutting edge technology, and best practices and processes
Organization that is recognized for being truly multicultural; diversity and feedback rich is in their DNA
WHAT THEY OFFER YOU:
Highly visible opportunity as it supports organization tax policy
Results driven organization that values accountability and continuous improvement
Opportunity to make an impact and add value - Forthcoming investment in tools and technology to improve current processes
Excellent Company Benefits to include medical, dental, 401k and generous PTO policy
WHY THIS ROLE IS IMPORTANT:
Responsible for managing the liquidity risk of the bank and its subsidiaries by maintaining compliance with liquidity risk appetite. Furthermore, the Liquidity Risk Management team works closely with business partners from Capital Management, the Investment Securities Portfolio, Corporate Funding, and Asset-Liability Management (ALM) to develop and execute strategies supporting the treasury function in meeting its objectives with consideration given to key liquidity metrics.
The Liquidity Risk Management Consultant supports the Liquidity Risk Management team by assisting with critical functions including calculating and monitoring key metrics (e.g. LCR, NSFR, Limit’s), governance of processes, assisting with the development and execution of strategy, and management reporting to Market Risk Liquidity and Capital Committee (MRLCC) meetings, MRLCC subcommittees meetings, Board of Director and Board Risk Committee meetings, and/or Executive Leadership meetings.
Support the calculation and monitoring of the Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), Liquid Asset. Buffer, Liquidity Risk Limits, Early Warning Indicators (EWI), Parent Company Stress Cash Coverage, and other similar liquidity metrics.
Assist with the monthly Internal Liquidity Stress Testing process as required by Regulation YY, including governance relating to assumption analysis, ad hoc scenario design, and related management reporting.
Support the governance and analysis for the bank’s daily Short-term Cash Flow projections.
Assist with the development of the Corporate Funding plan that achieves funding objectives, capital targets, compliance with regulatory and internal liquidity metrics, safeguards parent company stress coverage, and supports rating targets (e.g. Moody’s, S&P, Fitch).
Prepare for potential funding stress through the development of a Contingency Funding Plan, Early Warning Indicators; and coordinate the Liquidity Crisis Management Team in the event of a stress event.
Prepare reporting for Market Risk Liquidity and Capital Committee (MRLCC) meetings, MRLCC subcommittees meetings, Board of Director and Board Risk Committee meetings, or Executive Leadership meetings.
Create and deliver effective and concise presentations to executive management covering complex and detailed analysis on various liquidity risk related topics and/or strategies.
Develop and execute strategies that assist the treasury function in meeting its objectives, while considering key liquidity metrics and risk appetite.
Effectively identify and implement restructuring and optimization objectives.
Work with internal and external partners identifying and monitoring risk, including Risk Management Organization (RMO), Finance Business Unit Risk Manager (BURM), and Audit Services .
Assist with periodic Regulatory exams, including the Federal Reserve Board Horizontal Liquidity Review (HLR) and the FDIC Corporate Treasury Target Exam.
THE BACKGROUND THAT FITS:
6+ years of experience in one or a combination of the following: finance, accounting, analytics and reporting; or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, Business.
MBA or Chartered Financial Analyst designation preferred
Exposure to asset liability or liquidity management software preferred (i.e. QRM)
Exposure to General Ledger accounting a plus
Solid understanding of principles, practices, theories, and/or methodologies associated with a robust liquidity management framework, Treasury function, ALM, and Corporate Funding.
Proficiency in Microsoft Office suite including Word, PowerPoint, Excel, and Visio (Visual Basic a plus)
Strong ability to create and deliver effective and concise presentations to executive management covering complex and detailed analysis on various topics.