Assistant Vice President, Liquidity Risk Manager

Job information:

• Functional title - AVP, Liquidity Risk Manager
• Department - Risk Management
• Corporate level - AVP
• Location - NYC or London

Job Purpose

Manage the assessment of risk impact and benefits in offering CLS new initiatives and on-boarding new members and currencies. Perform liquidity risk analysis for market events affecting CLSSettlement. Conduct stress testing for enhanced risk monitoring and mitigation.

Essential Function - major duties and responsibilities of the job

Strategic

1. Ensure CLS meets increasing internal and regulatory demand for liquidity risk analysis for offering new products and services; and onboarding new members and currencies as part of CLSSettlement participation expansion.
2. Ensure daily CLSSettlement stress testing is performed to assess the impact of potential member pay-in failures for heightened settlement monitoring and mitigation, and regulatory reporting as part of RegHH requirement.
3. Ensure adequate liquidity and market risk assessment if performed in response to market events that may affect CLSSettlement.
4. Ensure model risk management governance is followed for LMR models in mitigating liquidity and market risks.

Operational

1. Perform liquidity analysis to assess the risk and benefits as part of CLSSettlement participation expansion and offering new products and services.
2. Perform risk impact analysis in response to market and geopolitical events that may affect CLSSettlement.
3. Perform daily CLSSettlement stress testing as part of rotation with team members as needed.
4. Perform monthly stress scenarios update.
5. Perform activities related to model risk management governance for LMR models.

Leadership

1. Effectively communicate one's ideas in a group setting and be able to influence others.
2. Clearly explain complex concepts in simple and direct terms.
3. Effectively present analysis and findings to senior management and regulators.

Experience - essential / desired for successful job performance

Five years' work experience in banking, consulting, or other financial institutions.

Qualifications / certifications - essential / desired for successful job performance

MS/MBA degree in finance, economics or quantitative discipline is required.

Knowledge, skills and abilities - competencies required for successful job performance

1. Strong quantitative skills and experience in financial analytics and risk methodology.
2. Strong discipline of vetting own work to deliver high quality work products.
3. Possess excellent critical thinking capabilities and problem-solving skills.
4. Strong intellectual curiosity.
5. Exceptionally detail oriented.
6. Advanced SQL, Excel, PowerPoint, Access skills. Knowledge of programming is preferred (R, Python).
7. Proficient in interpreting, manipulating and performing analysis with large amounts of data.

Success factors / 'How' - personal characteristics contributing to an individual's ability to excel in the position

1. Solid technical writing skill and strong communication skill.
2. Demonstrate ability to quickly learn new skills/ new concepts.
3. Motivated, self-starter, energetic; strive for excellence.
4. Be able to act on constructive feedback and in turn provide constructive feedback.
5. Ability to work effectively with team members across functional areas.
6. Dependable and reliable.
7. Ability to work in teams or independently.
8. Able to critically analyse and improve current processes.
9. Conducts oneself in a professional and courteous manner.
10. Build and develop working networks across the organisations.