Job Description

Sr. Associate, Liquidity Risk

Boston, United States of America

Liquidity risk is the independent review function responsible for identifying, quantifying and managing the Liquidity Risk of the firm. The team works closely with corporate treasury, operations, audit, etc. as well as the broader risk organization to provide independent risk assessment and oversight of the firm’s liquidity risk position and to ensure compliance to European and US regulations, supervisory notes, and industry standards.

The Liquidity Risk Sr. Associate will manage the review and challenge oversight functions of several key liquidity risk processes. Lead design of liquidity programs, including defining Policy and Procedure requirements. Excellent communication skills required to negotiate internally, often at senior levels. Communicate about risk levels and provide support to senior management, Audit, Treasury and Financial Risk at corporate and local level in the decision-making process.

Job Description

Three opportunities available in the Santander US Market Risk department, each opportunity focus will be on either: Governance & Initiative Management, Liquidity Stress Testing Oversight, or Regulatory Reporting, Cashflow Forecasting & Intraday Liquidity Management.

• Manage Risk Identification & Assessment (Risk ID) and Emerging Events process and reporting that is comprehensive, efficient, structured and integrated with key market risk processes such as Liquidity Stress Testing and Contingency Funding Planning.
• Risk Limit Governance: setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediation.
• Stress Testing: methodology development, assumption review and approval and risk measurement via sensitivity analysis.
• Analytics: measurement, analysis, and reporting of risk measures including US and European risk metrics, development of tools for risk calculation and alternative views; governance of data quality and completeness controls.
• Perform and enhance reporting to head office, governance committees, senior management, and maintain clear documentation of oversight processes.
• Review intraday and collateral management reporting performed by 1st line of defense to ensure appropriate levels and that regulatory and industry best practices are in place.
• Participate in the strategic planning and budget process to provide timely feedback/independent challenge; provide impact analysis (forward looking exposures and limits) on business outlook changes.
• Oversight of cashflow forecasting including review of assumptions, backtesting, and investigation cashflow breaches.
• Contribute to ongoing initiatives and regulatory examinations, internal audit reviews and other remediation efforts.
• Build and maintain a robust governance framework (policies & procedures) ensuring the banks adherence to regulations, supervisory notes, and best practices.
• Build and manage a market risk issue management framework.

Qualifications:

• 5+ years with previous experience in Liquidity Risk Management (Treasury), Liquidity Risk Oversight, or related areas at a banking organization.
• Bachelor’s degree in economics, finance, or related field, or equivalent relevant work experience required.
• Master’s degree in economics, finance, MBA, or related field, with quantitative background a plus.
• Analytical background and good knowledge of quantitative methods applied to finance.
• Experience in US and European liquidity risk standards a plus.
• Experience in Category I or II banks and/or regulatory practice a plus.

Skills and Abilities:

• Strong market risk management principles, methodologies and tools, governance principles and activity preferably in a financial services technology environment.
• Ability to independently operate in a complex, matrixed environment; adept at delivering and maintaining productive working relationships across business, functions and geographies.
• Ability to interact with and build relationships with people from different departments and levels of seniority
• Ability to adjust to new developments/changing circumstances.
• Strong verbal and written communication skills.
• QRM, Power BI, SQL experience a plus.

EEO Statement: At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply.

Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions: Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.

Employer Rights: This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.

Primary Location:  Boston, MA, Boston

Other Locations:  Massachusetts-Boston,New York-New York

Organization:  Santander Holdings USA, Inc.

Salary: $120,000 - $205,000/year

Job Tags

Contract work, Work experience placement, Local area,

Similar Jobs