The Firm’s Corporate Treasury function and the Chief Investment Office (together referred to as “CTC”) manage the Firm’s balance sheet. This includes activities such as: Deploying excess liquidity, Managing funding and liabilities, Overseeing structural interest rate and foreign exchange risk, Managing liquidity risk and its regulatory compliance and Managing capital risk and its regulatory compliance.
CTC Risk manages the risk of the retained portfolio generated from the Chief Investment Office, Global Treasury, and “other” Corporate businesses (Firm-wide Pension Plan, Insurance programs, and Mortgage Servicing Rights) including Market Risk, Credit Risk, Reputational Risk, Country Risk, Principal Risk, and Model Risk. CTC Risk is also responsible for the end to end management of the firm’s Liquidity Risk, Interest Rate Risk, and Capital Risk. The CTC Chief Risk Officer (CRO) reports to the Firm-wide CRO.Capital Risk Management, which reports to the CTC Chief Risk Officer, is a risk team focuses on providing oversight of the firm’s capital risk, ensuring that the firm has sufficient level and appropriate composition of capital in normal and stressed economic conditions.
Job responsibilities
- Monitor regulatory capital metrics against capital risk limits and indicators; ensure accuracy of capital metrics being reported; analyze and escalate breaches as needed
- Drive process improvements and automations and develop new analytical capacities leveraging AI, LLM, etc.
- Analyze variances in capital metrics (such as Risk Weighted Assets, Leverage Exposure, CET1, Tier 1, Total Capital, TLAC and LTD capital)
- Independently assess, review, and challenge the firm’s capital management activities such as capital forecasts, capital actions, RWA / SCB / GSIB optimizations, internal targets, allocations, stress-test (CCAR) scenarios and results
- Conduct deep dives impacting firm’s capital such as changes in regulatory requirements, firms risk and/or balance sheet, market dynamics and present findings to senior management
- Prepare board-level analysis and supporting presentations for senior / executive management forums
- Monitor current and emerging risks across asset classes under coverage; stay up-to-date with market news, regulations and peer bank activity
- Frequent interactions with the key members of capital management, capital P&A, line of businesses, controllers and various support functions
Required qualifications, capabilities, and skills
- 4+years experience in capital, liquidity, market risk and / or other Risk areas; Treasury / Finance background will be considered
- Demonstrated proficiency in one or more of the following areas: LLM, Python, Tableau, Snowflake, Databricks, SQL, dashboard building
- Ability to quickly grasp new / unfamiliar concepts and assess potential risks to the firm’s capital position
- Knowledge of financial markets and various asset classes (retail and wholesale loans, repos, margin loans, OTC derivatives, trading securities etc.)
- Understanding of balance sheet and income statement fundamentals
- Experienced in data-driven and fluent storytelling via PowerPoint and adept at using Excel
- Excellent oral and written communication skills with ability to explain technical concepts in practical terms
- Strong analytical skills with the ability to develop thesis, clearly present ideas and draw appropriate conclusions
- Demonstrate high ownership, self-starter attitude, ability to work independently and prioritize key tasks effectively
- Superior attention to detail and process management
- An undergraduate degree is required
Preferred qualifications, capabilities, and skills
- Post-graduate degree / MBA is preferred
- Certifications or enrollment in CFA / FRM programs would be a plus