Liquidity Governance, VP

State Street • Boston, MA

1d • $115,000 - $190,000

About The Position

The Global Liquidity Management (GLM) Group, within the Global Treasury organization, oversees State Street’s liquidity planning, monitoring, analytics, and regulatory reporting globally. The group manages regulatory ratios such as the LCR, NSFR as well as the liquidity buffer requirements resulting from its Internal Liquidity Stress testing (ILST) and Recovery and Resolution planning (RRP) framework. The group is also responsible for ensuring compliance with all regulatory reporting requirement such as the daily FR2052a and associated public disclosures. We work collaboratively with the Global Treasury Risk Management (GTRM) function to ensure we are managing liquidity within firm policies, limits and risk tolerance while meeting regulatory expectations promulgated by the Federal Reserve, the FDIC and other regulators globally. We are looking for a Vice President – Lead Liquidity Governance, overseeing the groups regulatory, risk and controls. Why this role is important to us The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Requirements

• Thoughtful Team lead capable of setting priorities for the team
• Team management skills, delegation and motivational attitude are essential to success
• Ability to proactively resolve issues by working with other teams
• Independent worker that takes ownership of responsibilities and holds their work to a higher standard
• BA/BS degree in a related field (Finance, Economics, accounting etc.)
• 8+ years of relevant experience in the financial services industry, with specific experience in Liquidity Management
• Strong Knowledge of the banking regulatory environment (Reg YY, Reg WW, SR 10-6, SR 12-7 etc.)
• Extensive experience working with US regulators, particularly in the liquidity space
• Strong written, verbal communication and time management skills
• Ability to multi-task, manage priorities, delegate team tasks while maintaining focus on priorities and meet deadlines in a demanding and deadline-oriented environment
• Strong organizational and project management skills
• Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high level of initiative

Nice To Haves

• M.Sc. preferred
• CFA and/or FRM preferred

Responsibilities

• Establish the groups comprehensive governance, communication, and response strategy for regulatory, supervisory and internal oversight matters
• Lead gap assessments against regulatory expectations (Reg YY, Reg WW, SR 10-6, SR 12-7 etc.)
• Employ strong knowledge, understanding and awareness of compliance and regulation, to advise, develop and evolve internal policies, procedures and processes to meet regulatory requirements
• Apply appropriate analysis and use sound judgement to make strategic and operational recommendations to meet regulatory compliance goals and objectives
• Track, Manage, and respond to both internal and external regulatory, compliance, Risk and Audit inquiries
• Frame formal responses with detailed documentation and evidence to close out any open issues
• Ensure all policies, controls and procedures are adhered to and evidence is documented
• Support the execution of the Material Liquidity Risk Identification process
• Foster an environment that promotes compliance, continuous improvement, appropriate and effective controls, self-detection and remediation
• Develop deep understanding of liquidity management and its dependencies and partnership with groups across treasury, finance and risk

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees