Join the fast-paced Commercial and Investment Bank (CIB) Treasury Banking, a unit within Commercial and Investment Bank (CIB) Treasury. We are responsible for evaluating all aspects of the banking and custody balance sheet across all legal entities, in order to optimize the Banking businesses strategy. The group partners with Corporate Treasury and Chief Investment Office (CIO) to develop efficient and effective policies and procedures for deployment of the (CIB) balance sheet. The primary responsibility of the team is interest rate risk policy and strategy, liquidity stress testing for the banking boo, effective Funds Transfer Pricing and Liquidity Premium, legal entity Asset Liability Management (ALM), Shareholder Value Analysis, and Balance sheet and Net Interest Income (NII) modeling.
As a Stress Testing Associate, you will manage a broad array of initiatives for the (CIB) Treasury Banking Analytics Group. You should be skilled at performing complex and quantitative analyses, pay close attention to detail, take ownership over projects and proactively move them forward, feel comfortable operating in a fast-paced and dynamic environment, be able to work on multiple complex projects simultaneously, and have a keen interest in capital markets and economics. Working knowledge of financial analysis, interest rate risk, liquidity risk, balance sheet analysis, regulatory requirements (US/Basel); and accounting concepts are required. Strong interpersonal, organizational, and communications skills are essential.
Job Responsibilities:
Produce timely and accurate analysis for Comprehensive Capital Analysis and Review (CCAR), Risk Appetite, Current Expected Credit Loss (CECL) reporting on the banking balance sheet and deposit liquidity positions. Also provide insights and conclusions for senior management based on solid product/market knowledge and expertise. Assist in the production and strategic projects/initiatives relating to deposit Funds Transfer Pricing (FTP) and interest rate risk. Complete ad-hoc projects as needed by senior management or regulatory initiatives relating to Stress Testing. Work independently and collaboratively and establish close partnerships with peers across the greater Commercial and Investment Bank (CIB) organization and Global Treasury. Utilize knowledge of financial products, apply a deep understanding of regulatory guidelines such as Basel III, Dodd Frank Act and other regulatory proposals to determine their potential impact on the line of business. Collaborate on ongoing process improvements, optimization and rationalization efforts related to Balance Sheet and Liquidity. Own routine processes, complete ad-hoc requests, and provide support as needed to senior analytics team members.
Required Qualifications, Capabilities, and Skills:
Bachelor degree is required. 2+ years of working experience in Finance with emphasis in analytical work. Ability to think critically and grasp new concepts with a desire to learn. Strong analytical, creative thinking and problem solving skills. Comfortable in working with and interpreting large amounts of data. Sound understanding of finance and financial markets. Strong interpersonal and communication (verbal and written) skills. Ability to present information in a clear, concise and effective manner. Ability to work effectively both independently and as part of a team. Organized and able to execute responsibilities with limited supervision and taking ownership of tasks at hand. Solid work ethic, good business sense, and demonstrated initiative. Ability to work under pressure, prioritize multiple tasks and bring them to completion. Strong computer skills, particularly in Excel, PowerPoint, Word, Access. Basic Python programming experience required along with a strong determination to learn.
Preferred Qualifications, Capabilities, and Skills:
Mathematics, Statistical or Engineering background is a plus.