State Street

Liquidity Management, AVP

State Street
Boston, Massachusetts
Not disclosed
25 May 2023
02 Jun 2023
Approved employers
Approved employer
Contract type
Full time
Experience level

Who we are looking for

As part of Global Liquidity Management (GLM), the candidate will assume an important role within the Liquidity Stress Testing team, supporting development of liquidity stress testing methodologies under various stress scenarios. This includes collaboration with subject matter experts in the business lines, defining scenario narratives and macroeconomic factors, and developing a methodology that tests the liquidity risks associated with each business. Furthermore, the candidate will provide critical support for reporting liquidity position results to management and the regulators, as well as maintain technical documentation for various governance bodies. Moreover, the candidate will regularly collaborate with State Street’s senior leaders across corporate and business functions to make recommendations on the liquidity methodology to management. She or he is expected to work closely with all internal stakeholders and team members to expand and improve upon coordination, communication, methodology, and reporting across Global Liquidity Management.

More broadly, Global Liquidity Management is part of the Global Treasury organization with responsibility in managing the firm’s liquidity risk. A primary focus of GLM is to analyze, measure, and report on the liquidity position and liquidity risk profile in order to ensure that State Street and its international entities can meet all contractual and contingent financial obligations through typical market cycles as well as periods of stress. Through meaningful, timely, transparent, multidimensional and globally harmonized measures, GLM provides key stakeholders the necessary transparency and understanding of the liquidity position, its risks and how liquidity can be affected and influenced.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. The Liquidity Stress Testing team’s responsibility is to identify liquidity risks, thoroughly model potential stresses and advise management on business and Treasury strategy. Furthermore, the team is responsible for demonstrating our strong risk management practices to global regulators. Key stakeholders reliant upon the team’s work and guidance are the Global Treasurer, the Chief Financial Officer and heads of business lines. The team works on design and implementation of innovative and cutting-edge risk management practices and solutions in support of State Street’s business strategy. As an integral part of this close team, you will support every aspect of the team’s work with a deep focus on a select set of critical products and business lines.

What you will be responsible for

As a liquidity management specialist, you will:

  • Support the development of liquidity methodologies for products in the business lines while effectively collaborating with senior leadership, treasury quantitative analytics, and other key stakeholders
  • Maintain and enhance the liquidity stress test methodology, including documentation for Model Validation, Audit, and Resolution and Recovery Plan submissions
  • Articulate the drivers of the liquidity stress test drivers to management and proactively identify future enhancements in liquidity methodology
  • Manage coordination of corporate-wide assumptions rollout to international colleagues, while demonstrating proficiency in the corporate model
  • Lead coordination of methodology for implementation into Resolution and Recovery Planning exercises and serve as centralized coordination contact for Liquidity function
  • Prepare and present presentations of liquidity methodology and results to relevant working groups and senior management
  • Provide mentorship to colleagues in Bangalore in diagnosing daily liquidity results
  • Participate in the completion of ad hoc assignments in support of liquidity management

What we value

These skills will help you succeed in this role:

  • Effective communicator with a consultative style. Being a trusted advisor
  • Strong critical thinker with the ability to take complex information and clearly articulate it to management
  • Independent worker that takes ownership of responsibilities and holds their work to a higher standard
  • Team player with a great work ethic and positive attitude

Education & Preferred Qualifications

  • BA/BS degree in a related field (Finance, Economics, Business Administration, Accounting, Information Systems)
  • 3-5+ years of experience in the financial services industry
  • Knowledge of financial markets and the banking regulatory environment
  • Basic knowledge in programming or experience with collaborating with programmers – especially experience with clear definition of implementation requirements
  • Strong written, verbal communication and time management skills
  • Ability to multi-task, manage priorities, work independently while maintaining attention to detail and meet deadlines in a demanding and deadline-oriented environment
  • Ability to proactively resolve issues by working with other teams
  • Experience in preparing presentations for executive management and regulators
  • Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high level of initiative
  • Advanced Excel and Power Point skills
  • Familiarity with banking or business intelligence tools a plus (e.g., Spotfire, Python)

About State Street

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow.

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility.

We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Salary Range:

  • $80,000 - $132,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

For further information, and to apply, please visit our website via the “Apply” button below.

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