Risk, Liquidity Risk, Regulatory, Associate - Dallas/SLC ID-5647

January 3, 2025

RISK

Our Risk division develops comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.

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LIQUIDITY RISK (LR)

Liquidity Risk is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk of the firm. We work closely with Corporate Treasury, Controllers, Operations, Global Markets Division, Investment Banking Division, Consumer and Wealth Management Division, Asset Management Division and the broader Risk organization to provide independent risk assessment and oversight of the firm’s liquidity risk taking. Key functions include:

Stress Testing: Methodology development, model creation and governance, assumption review and approval, and risk measurement
Regulatory Stress Metrics, Liaison, & Advocacy: Calculation and disclosure of key regulatory stress metrics, guidance and rule interpretation, engagement with global regulators, and policy advocacy
Risk Limit Governance: Setting liquidity risk appetite, calibration of risk limits, development of limits frameworks, and ongoing monitoring of limit utilization and remediation
Analytics: Measurement, analysis, and reporting of risk measures, development of platforms and tools for risk calculation and visualization, and governance of data quality and completeness controls
Governance & Reviews: Ongoing evaluation of compliance with key regulatory regimes, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key policies and procedures
Risk Oversight: Monitor, govern, and challenge various liquidity and funding execution activities, including cash & collateral management, funds transfer pricing, balance sheet usage, liquidity and funding projections, and liability management
Active and ongoing engagement with risk taking businesses to understand, monitor, and govern liquidity risk
Direct engagement with the Chief Risk Officer and global regulators regarding material risks, current risk exposures, and limits governance

Job Summary & Responsibilities

The Regulatory team oversees the firm’s liquidity regulatory policy interpretation and compliance with regulatory stress testing metrics, and manages regulatory relations.

Engage directly with US regulators on the firm’s liquidity risk posture through ongoing supervisory processes and manage responses to regulatory analysis, data requests and exams
Analyze the impact of new liquidity regulatory proposals and support advocacy discussions
Monitor and analyze the firm’s regulatory liquidity stress testing requirements
Calibrate liquidity risk limits related to regulatory stress testing requirements
Work closely with engineering teams to model liquidity risks under regulatory stress testing scenarios, including the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR)
Clarify the firm’s liquidity regulatory rule interpretation, and provide expertise and advice to Corporate Treasury, businesses and other stakeholders on regulatory rules
Engage directly with Corporate Treasury, businesses and other stakeholders to assess the impact of new business activities to the firm’s regulatory liquidity stress testing requirements

Skills / Expertise

3-5 years of experience in capital markets in Risk, Treasury, funding-related or regulatory functions. Experience engaging directly with regulatory agencies is preferred
A working knowledge of Regulation YY and Basel regulatory liquidity frameworks, as implemented by the US federal banking authorities, notably the LCR and NSFR, as well as broader financial services regulatory developments in the US
Interest in financial markets and risk management, motivated by learning and continuous improvement
Ability to work independently, form own judgment/opinions, provide insights and drive change
Proactive with strong analytical, interpersonal and communication skills and ability to build relationships remotely
Strong verbal and written communication skills
Ability to interact with and build relationships with people from different departments and levels of seniority