Global Treasury (GT) is responsible for overall balance sheet management including credit, interest rate, and liquidity risk. Global Liquidity Management (GLM) team is part of the Global Treasury organization. GLM’s purpose is to detect, understand, measure, analyze, monitor, communicate and influence liquidity across the corporation in order to ensure that State Street and its subsidiaries can meet all contractual and contingent financial obligations through typical market cycles as well as periods of stress. This is completed while balancing the most efficient inventory of excess liquidity in order to maximize shareholder value and maintain compliance with all regulatory requirements.

With a functional reporting line to the International Head of Liquidity Management orgnanisation the key task for the role is to support the execution of the liquidity risk frameworks across EMEA and APAC. This will be achieved by playing a pivotal coordinating role with local functionally aligned staff such as reporting & data governance, stress testing, intraday management and liquidity optimization. Close coordination will also be required with the wider Treasury organisation such as capital planning of non-banking entities to ensure alignment of liquidity management frameworks to the relevant capital stress scenarios and also RRP assumptions. Providing value added analytics is a fundamental expectation of the role as is the ability to provide strategic input into critical initiatives such as stress testing scenarios, liquidity optimization, governance materials and regulatory engagement. The role would ideally suit an individual that can work independently, has strong organizational skills and has some knowledge of the UKEMEA and APAC liquidity regimes.

Responsibilities & Tasks Include:

• Daily execution and oversight of the liquidity risk frameworks across multiple legal entities and regulatory regimes
• Proven experience of navigating EU prudential regulations through the producton of ILAAP and ICAAP including stress test scenario generation
• Liaison with functional pillars of liquidity management i.e. reporting and stress testing, to ensure timely and accurate output of key metrics, appropriate analytical narrative and application of timely risk based approach escalation
• Some ad hoc reporting and stress testing production will be required where processes have not yet migrated to centralized team
• Coordination with RRP and Capital Management teams, deriving aligned methodology for recovery options and stress testing
• Provide material input and ownership of key framework documentation, managing periodic updates and regulatory expectation
• Strong written and verbal presentation skills are required given the numerous internal governance forums associated with multiple legal entities. Production of timely and concise governance materials in PowerPoint will be a material part of the role
• Working alongside the International GLM team proactively understand and support the implementation of any regulatory changes in a timely manner
• Assist in the completion of ad hoc tasks such as the liquidity impact assessment of new business proposals or structural balance sheet changes
• Support the management of effective collateral deployment
• Collaborate with technology on the advancement of a production environment for reporting, stress testing and harmonized tools
• Management of Model Validation Group interaction for UK Investment Firm stress testing models; some further ad hoc tasks may be required for other banking entities

Education and Experience:

Minimum of undergraduate degree, preferably in Finance /Accounting or related field, 10-12 Years of experience in banking, financial services with some exposure to liquidity risk management in either a first or second line role.

Skills/ Knowledge:

• Sound UK and EMEA prudential rule experience with a strong focus on liquidity
• High proficiency in MS Excel and MS PowerPoint. Python™ or another programming language a plus
• Ability to multi-task, manage priorities, work independently while maintaining attention to detail and meet deliverables in a demanding and deadline-oriented environment
• Excellent written and verbal communication skills with the ability to construct compelling arguments
• Knowledge of financial markets and an interest in keeping abreast of current economic and regulatory themes
• Self-motivated, self-assured, and self-managed
• Results oriented ownership mindset