The Head of Liquidity, Treasury and Market Risk is a senior risk team member with reporting lines to both Market Risk and Treasury/Liquidity Risk. Independent from the Front Office the role supports the banks legal entity, liquidity, treasury and market risk governance responsibilities. The role has overall responsibility for the performance of the local management functions as a whole, including strategic and daily risk management effectiveness and efficiency, effective line and management controls, effective management and escalating of compliance and operational risks arising within the department.
A strategic opportunity to support the Board of Directors and management and the CRO in discharging their risk governance responsibilities.
You will have the opportunity to own the development of liquidity, appetite and strategy. .
You will lead the implementation of strategy with respect to risk incurred in the entity. Participates in legal entity (LE) Risk Management Committees.
You will ensure that risk limits and risk exposures are consistent with the risk appetite and strategy and take into account the relevant operational risks.
Responsibility for engagement with the Front Office to risk taking activities and limit excesses, advises on excess remediation and implements the timely remediation and sign-off of limit excesses.
A key position ensuring that unauthorized trading risks are understood and that observations of potentially unauthorized activity are raised and shared as and when encountered.
Interaction with regulators and for meeting regulatory dedications and requests within required time frames.
Responsible for ensuring that members of the team understand their compliance responsibilities, including management of and that issue mechanisms exist in the department for compliance incidents and misconduct. Discharge assigned regulatory obligations.
Overall responsibility for the function's interaction with external partners.
You will be completing the annual review and write-up of the Internal Liquidity Assessment and Measurement Process (ILAAP), describing the various models and methodologies.
You will have the opportunity to approve any models or model changes developed by the global Models and Risk Methodology team for use in the membership in the committees responsible for approving model changes.
Responsible for ensuring the team participates effectively in Risk Factor Identification (RFI) procedures so that all material risks are identified, analyzed, mapped, quantified, documented and reported in a timely, effective and clear fashion and included in the relevant risk measures (e.g. VaR, SVaR, IRC, Risk not in VaR (RNIV), Scenarios).
Responsible for expense management and accountable for meeting assigned Run-the-Bank and Change the-Bank budget targets
You will be responsible for timely identification and reporting of operational risk incidents in areas of responsibility and for Risk and Control Self-Assessment (RCSA).
You will drive adequate staffing of the function and for staff development, engagement, training and compensation.
Relevant experience in liquidity risk working either in Treasury or in the second line of defense in a liquidity related role is desired.
Experience in Market Risk is a significant benefit, as is investment banking experience.
Ability to communicate complex or difficult concepts and negotiate and influence others, including clients, to adopt different points of view.
Ability to prioritize activities and those of colleagues. Ability to lead multiple work streams to achieve departmental goals.
Ability to understand complex problems and apply non-routine analytical quantitative processes and tools to draw conclusions. Ability to evaluate qualitative information and synthesize analysis to make recommendations. Dedicated and solution orientated.
Challenges status quo and supplies to change. Is eager to grow and learn for their area and as an individual.
Fully aligns with the bank's code of conduct and all applicable laws, regulations and policies. Shows true concern for compliance and control standards, protects the bank´s reputation and earns our clients' trust. Is diligent, focused and organized in their work: meets deadlines, strives for high quality, has complete documentation.
Communicates effectively; moves easily from discussion to agreement. Builds sustainable relationships with colleagues.
Contributes to a positive and versatile team environment, inspires others.
Morgan McKinley is acting as an Employment Agency in relation to this vacancy.
Please note that any references to salary or pay rates in this advertisement and in the salary refinement section are indicative only and should only be used as a guide.
Internal Number: 4998627
About Morgan McKinley
eFinancialCareers is a career site specializing in financial services.