Title: Vice President 

Location: New York 

Our Risk division develops comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may have an adverse impact on the firm. Risk professionals execute critical day-to-day risk management activities, lead projects and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments and technology is critical for success.

LIQUIDITY RISK (LR)

Liquidity Risk is the independent risk management function responsible for identifying, quantifying, and managing the liquidity risk of the firm. We work closely with Corporate Treasury, Controllers, Operations, Global Markets, Investment Banking, Consumer and Wealth Management and Asset Management Divisions, as well as the broader Risk organization to provide independent risk assessment and oversight of the firm s liquidity risk taking. Key functions include:

Stress Testing: Methodology development, model creation and governance, assumption review and approval, and risk measurementRegulatory Stress Metrics, Liaison, & Advocacy: Calculation and disclosure of key regulatory stress metrics, guidance and rule interpretation, engagement with global regulators, and policy advocacyRisk Limit Governance: Setting liquidity risk appetite, calibration of risk limits, sign-off on limits frameworks, and ongoing monitoring of limit utilization and remediationAnalytics: Measurement, analysis, and reporting of risk measures, development of platforms and tools for risk calculation and visualization, and governance of data quality and completeness controlsGovernance & Reviews: Ongoing evaluation of compliance with key regulatory regimes, new activity impact assessments and approvals, engagement with key committees and governing bodies, and maintenance of key policies and proceduresRisk Oversight: Monitor, govern, and challenge various liquidity and funding execution activities, including cash & collateral management, funds transfer pricing, balance sheet usage, liquidity and funding projections, and liability managementActive and ongoing engagement with risk taking businesses to understand, monitor, and govern liquidity riskDirect engagement with Risk Leadership and global regulators regarding material risks, current risk exposures, and limits governance

RESPONSIBILITIES AND QUALIFICATIONS

Responsibilities:

Work closely with LR leadership to develop and implement comprehensive liquidity risk governance frameworksMonitor limit utilization, breach remediation, and escalation workflowWork closely with engineering teams to model liquidity risks under various stress scenarios; propose, calibrate, and implement appropriate assumptionsEngage directly with the risk taking businesses to understand strategy, assess new activities, enforce limits, comply with regulatory requirements, and challenge proposalsEngage periodically with regional regulators to explain the firm s risk posture, clarify rule interpretations, respond to analysis and data requests, and support advocacy discussions

Qualifications:

8-12 years of experience in capital markets, preferably in Risk, Treasury, funding-related or regulatory functionsInterest in financial markets and risk management, motivated by learning and continuous improvementAbility to work independently, form own judgment/opinions, provide insights and drive changeProactive with strong analytical, interpersonal and communication skills and ability to build relationships remotelyStrong verbal and written communication skillsAbility to interact with and build relationships with people from different departments and levels of seniority
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