Global Treausry - Vice President - Asset Liability Management

Recruiter
State Street.
Location
Bangalore, India
Salary
Not disclosed
Posted
04 Mar 2021
Closes
12 Mar 2021
Ref
R-660278
Contract type
Permanent
Hours
Full time
Experience level
Director

POSITION OVERVIEW:

State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $33.5 trillion in assets under custody and administration and $3.1 trillion in assets under investment management as of June 30th, 2020. State Street operates globally in more than 100 geographic markets and employs 39,000 worldwide.

Global Treasury is part of the Corporate Finance organization with approximately 170 teammates worldwide. Its focus includes managing the company’s investment portfolio and funding needs, optimizing the balance sheet and net interest income (NII) and driving risk/return frameworks to manage the company’s capital position and liquidity and interest rate risk profiles.

Asset Liability Management (ALM) is a function within Global Treasury with approximately 40 teammates worldwide. ALM is responsible for the company’s balance sheet strategy, forecasting NII and measuring interest rate risk sensitivities under different rate scenarios. It works closely with other Global Treasury, Finance and Line of Business units to provide analysis and recommendation for strategic changes to the company’s balance sheet.

PRIMARY DUTIES AND RESPONSIBLITLIES:

Successful candidates will have relevant experience at large financial institutions. They will be required to partner cross-functionally within the organization and across geographies. Candidates for this position are expected to:

  • Lead a team of 3-4 employees responsible for balance sheet and NII analytics and reporting
  • Review and enhance ALM’s NII backtesting process to support regulatory and accounting requirements
  • Maintain and enhance peer analytics and reporting to support the earnings prep process
  • Lead ALM’s ongoing monitoring requirements for the QRM, deposit and CCAR models; this group partners closely with CMA (Centralized Modeling Analytics) and MRM (Model Risk Management)
  • Partner closely with other functional teams in ALM, Global Treasury and business partners throughout the bank
  • Develop teammates by regularly delivering performance assessments, providing coaching and building and retaining talent
  • Promote a culture of risk excellence by challenging assumptions, escalating potential issues and executing required controls to support oversight and governance requirements
  • QUALIFICATIONS:

  • Bachelor’s Degree required; MBA or relevant graduate degree preferred
  • 15+ years of financial services experience required; exposure to Asset Liability Management or other Treasury disciplines preferred
  • Attention to detail
  • Ability to influence others and lead a team in a dynamic, fast-paced environment
  • Strong verbal and written communication skills; effective at presenting results to key stakeholders including senior management and external regulators
  • Proficiency in Microsoft Word, Excel and PowerPoint in addition to other reporting visualization tools; experience with QRM (Quantitative Risk Management) preferred
  • For further information, and to apply, please visit our website via the “Apply” button below.

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