Liquidity Management Specialist, AVP

State Street.
Boston, Massachusetts
Not disclosed
23 Sep 2020
14 Oct 2020
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. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As a Liquidity Management Specialist, AVP 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
  • 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)
  • 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 areas within GT
  • 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
  • Familiarity with banking or business intelligence tools a plus (e.g., Spotfire, Python)
  • 3-5+ years of experience in the financial services industry

About State Street

What we do. 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.

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

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