Funding & Liquidity Risk Specialist - Supervision Group more...
Location:New York, NY
Company:Federal Reserve Bank of New York
First posted:September 01, 2017

Primary Location: NY-New York City

Full-time / Part-time: Full-time

Employee Status: Regular

Overtime Status: Exempt

Job Type: Experienced

Travel: Yes, 5 % of the Time

Shift: Day Job

Institutional Overview

The Funding, Liquidity and Interest Rate Risk department's primary mission is to monitor and assess the funding, liquidity and interest rate risk (IRR) management practices and risk levels at complex financial institutions operating in the Second Federal Reserve District. Responsibilities include oversight of US financial organizations, as well as foreign entities operating in the New York region. A key objective of the department is to ensure that financial institutions have robust procedures and controls in place to properly identify, measure, manage and control existing and emerging risks related to funding, liquidity and interest rate risk management. In order to achieve that key objective, the team members are engaged in continuous data collection, analysis, and special projects to complement on site supervisory initiatives.


In this role, the candidate will serve as a funding and liquidity risk specialist covering institutions in the Large and Foreign Banking Organization (LFBO) portfolio.  The Second District's LFBO portfolio includes both domestic and foreign-owned institutions with US operations over $50 billion in assets.


The candidate is expected to be a thought leader, possess exceptional analytical and problem solving skills and bring best in class funding, liquidity and interest rate risk management knowledge to the team. The ability to analyze off balance sheet structures and balance sheet asset and liability components and evaluate risk concerns and vulnerabilities emanating from business line activities is critical. This experience would have been developed through prior roles at a complex financial institution. Familiarity and understanding of complex financial instruments such as structured products, securitization vehicles, hybrid securities, and derivatives would be expected. Prior experience in a Corporate Treasury and/or risk management function involved in the management of the firm's funding, liquidity and interest rate risk activities is also expected. Candidates must possess superior communication skills and financial expertise to engage Treasurer and CFO level management at supervised financial institutions.

The incumbent's day-to-day responsibilities will include:


1. Risk Assessment, Evaluation and Control
-  Understanding the firm's Treasury, ALM and business activities to identify direct and indirect risks emanating from funding and business activities that warrant close supervisory monitoring. This includes contributing to cross functional financial stability initiatives in collaboration with colleagues around the Reserve Bank, to assess domestic and global financial system risks, influence risk management practices and ensure such efforts are integrated with the department's ongoing supervisory work to identify idiosyncratic and systemic risk issues.
- Ensuring the firm's compliance with current liquidity regulations (i.e. Reg YY).
- Evaluating effectiveness of assigned institution(s) governance and risk management processes.
- Confirming that the liquidity position of assigned institution(s) complies with applicable regulatory requirements and sound business practices. 
- Leading examinations of the funding, liquidity and interest rate risk management practices at assigned financial institution(s), as well as participate on reviews at other complex institutions to facilitate peer group perspective. Candidate would have responsibility for presenting supervisory issues to various levels of management at FRBNY and supervised institutions. Candidate would foster relationships and information sharing with other supervisory agencies and foreign regulators as appropriate.


2. Projects
- Assisting and/or leading (as required) the execution of System wide horizontal review of liquidity risk management practices and other projects in order to identify issues related to systemic financial stability.
- Collaborating with subject matter experts across the Federal Reserve System to better understand complex issues and takes a leadership role in determining the appropriate supervisory response. 


  •  The successful candidate should possess an MBA or MS in Finance, Economics, or similarly relevant degree
  •  8+ years overall experience, minimum 4 years related experience in Treasury, ALM, or a related risk management function covering asset liability and/or funding management, ideally in a large, complex financial institution or foreign financial institution;
  •  Consideration will be given to candidates with an appropriate combination of a Bachelor's degree in a quantitative discipline (e.g., finance, economics, mathematics etc.) and work experience in   funding, liquidity and interest rate risk at complex organizations.
  •  Product knowledge of unsecured funding markets, fixed income, structured products, and financial derivatives is highly desirable. Knowledge of investment banking and/or prime brokerage business lines, or deposit rate and balance modeling, is highly desirable.
  •  Knowledge of Enhanced Prudential Standards in accordance with Regulation YY (Dodd Frank Act) as it relates to supervised firms highly desirable

  •  Candidates should have:
    o Proven record of strong quantitative and analytical thinking skills demonstrated by the ability to understand complex and technical topics and arrive at sound supervisory judgments
    o Superior problem solving skills combined with excellent written communication skills and well-developed presentation skills
    o Ability to multi-task and deliver on concurrent assignments on a timely basis
    o Strong competence utilizing spreadsheets, databases and market data tools including Bloomberg
    o Familiarity with finance theory, quantitative methods and statistical analysis



    This position requires access to confidential supervisory information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.



    The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.



    All interested candidates should submit a cover letter and resume through the Bank's FedCareers website and apply to req 251875.

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