Risk Officer (Liquidity and ALM)- Ford Credit Bank

Ford Motor • Salt Lake, UT

8d • $112,680 - $212,760 • Hybrid

About The Position

We are the movers of the world and the makers of the future. We get up every day, roll up our sleeves and build a better world -- together. At Ford, we’re all a part of something bigger than ourselves. Are you ready to change the way the world moves? Ford Motor Credit Company ("Ford Credit”), has received regulatory conditional approval to form Ford Credit Bank (the "Bank") to be headquartered in Salt Lake City, Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (“Ford Credit”), an indirect wholly owned subsidiary of Ford Motor Company (“Ford”). The successful candidate will be a member of an exciting and dynamic team of banking professionals who would have the opportunity to stand-up and begin the operations of the de novo Bank. New employees hired by the bank will initially be Ford Credit employees. Once the bank is formally established, these employees may be transferred to the new bank Come help build a better world, where every person is free to move and pursue their dreams. Ford was built on the belief that freedom of movement drives human progress. It’s a belief that has fueled our passion to create great cars and trucks. And today, it drives our commitment to become the world’s most trusted mobility company, designing vehicles for a smart world that helps people move more safely, confidently, and freely. Ford is experiencing significant business transformation in an ever-changing digital world. We are dedicated to delivering distinctive products and solutions, having an “always on” relationship with customers and continuously improving our user experience. In this Position: The Risk Officer will report directly to the Bank’s Chief Risk Officer and will be responsible for developing, implementing, and managing all aspects of the Bank’s liquidity risk, and asset, liability risk management programs. The Risk Officer will ensure the programs function with a high level of compliance with internal policies, and federal and state regulatory expectations. The Officer is required to be knowledgeable and skilled in the areas of interest rate risk, liquidity risk, capital risk, and investment portfolio risk management, among others and be able to independently assess associated risk and develop effective risk management programs.

Requirements

• Bachelor’s degree preferred
• 10 years of banking experience (e.g., risk management or finance)
• A minimum of 2 years' experience as a Liquidity Risk or Asset, Liability Risk Management Professional
• Proven experience in developing and implementing liquidity and funding risk management frameworks and policies
• Advanced knowledge of risk assessment techniques and tools
• Strong communication and presentation skills and proven customer service experience
• Exceptional analytical skills and the ability to work with complicated financial data
• Excellent organizational skills and the ability to work well under pressure both independently and collaboratively within a team environment
• Strong ethical behavior and the ability to work with sensitive information
• Excellent leadership skills and the ability to train and develop employees, and align them to specific objectives

Responsibilities

• Direct the development and execution of the Bank’s liquidity risk, and asset, liability risk management programs to align with the Bank’s governance framework and risk appetite, and comply with Bank policy and federal/state law and regulation
• Develop a framework to provide independent oversight of the Bank’s capital plan and limits to ensure the Bank is adhering to its plan and meeting both its capital adequacy objectives and regulatory capital requirements
• Independently evaluate funding availability and diversification and develop and implement a framework to monitor associated concentration limits
• Collaborate with the finance department and other department heads on the development and execution of capital stress tests and sensitivity analyses, interest rate scenario simulations, and liquidity crisis events
• Provide guidance and support development of controls to assist the Bank finance department manage risks associated with their capital and liquidity plans
• Identify and monitor key risk indicators and analyze industry-wide liquidity and funding risk trends and emerging risks to provide insights and develop comprehensive independent risk reports for senior management, the board of directors, and relevant committees
• Independently monitor and oversee the Bank’s investment portfolio to ensure compliance with internal policy, laws and regulations
• Support regulatory examinations, internal audits, and external audits as required. Provide response support to exams and audit concerns and assist in the coordination of corrective actions of any related findings
• Oversee activities provided by the Bank’s Parent organization, develop personnel, and collaborate with other Bank department heads to deliver on specific objectives and initiatives
• Provide guidance and training to business lines to promote awareness of liquidity risk and asset, liability risks and promote a strong risk culture, throughout the Bank
• Represent the Bank in civic and community reinvestment functions

Benefits

• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
• Paid time off and the option to purchase additional vacation time

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level