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Job Snapshot
-
Employee Type:
Full-Time -
Location:
New York, NY -
Experience:
Not Specified -
Date Posted:
12/18/2024
Job Description
Job Summary:
The VP of Liquidity Risk Management reports to the SVP, Liquidity Risk Management and is responsible for supporting an effective liquidity risk management program including interest rate risk in the banking book (IRRBB) for RJFs unique balance sheet composition and business model consistent with regulatory expectations. This position provides effective challenge to the Treasury and Finance areas including aspects of internal liquidity stress testing (ILST), cash flow forecasts, contingency funding plan (CFP), IRRBB and day-to-day liquidity monitoring and reporting.
Essential Duties and Responsibilities:
%26middot; Performs comprehensive and systematic review of key elements of the liquidity risk management framework including historical assumptions and limits established within the firms relevant Treasury and Finance processes.
%26middot; Supports the day-to-day operations of the liquidity risk management function; and executes on significant, cross-functional projects, as assigned.
%26middot; Reviews and follows up on routine reporting from treasury functions for liquidity risk management review and challenge.
%26middot; Coordinates with IT to define requirements for data analytics and technology solutions.
%26middot; Owns administration around committees, policies, and practices relevant to liquidity risk.
%26middot; Provides review and challenge in the context of new business initiatives and products from a liquidity risk perspective including to support the firms risk identification framework.
%26middot; Balances quantitative and qualitative approaches in designing appropriate liquidity risk monitoring processes recognizes the liquidity risk management implications of the Bank's on-balance deposit products and off-balance investment products used by our clients.
%26middot;
Job Requirements
Knowledge, Skills, and Abilities:
Knowledge of:
%26middotStrong understanding of liquidity risk, IRRBB, balance sheet management, and data analytics.
%26middotLiquidity risk management requirements from regulators for firms of similar size and complexity as Raymond James and Category IV bank holding companies.
%26middotComprehensive knowledge of relevant regulatory policy and guidance.
In depth knowledge of additional regulatory reporting requirements for large financial institutions preferred (e.g. 2052a, ILST).
Skill in:
%26middotSupport of a sustainable liquidity risk management program that meets regulatory liquidity risk management expectations while supporting the RJF%26rsquos overall liquidity and funding strategy.
%26middotExecution of defined project deliverables related to meeting minimum liquidity risk management guidelines.
Ability to:
%26middotAbility for strategic problem solving, attention to detail, and the capability to manage effectively against deadlines.
%26middotStrong communication, organization %26amp interpersonal skills required to effectively communicate, collaborate, and lead cross functional initiatives at all levels across multiple areas of the organization.
%26middotExcellent oral and written communication skills.
%26middotStrong technical and analytical skills.
%26middotStrong ability to influence and build consensus.
Educational/Previous Experience Requirements:
Bachelor%26rsquos Degree (B.A.) and a minimum of twelve (12) to fifteen (15) years of experience in a related field, including people management experience. Master of Finance, CFA, and / or FRM preferred.
Experience in 2nd line liquidity risk management with Category IV bank holding companies.
~or~
Any equivalent combination of experience, education, and/or training approved by Human Resources.
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
