Liquidity Risk Manager, Vice President, Hybrid (m/f/d)

Who we are looking for

Global Treasury Risk Management (GTRM), a team within State Street’s Enterprise Risk Management (ERM) department, is looking for an experienced treasury risk professional. The primary focus for the position will be the independent risk oversight and assessment of liquidity risk within State Street European subsidiary, State Street Bank International.

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

GTRM acts as the business-aligned risk function focused on risk oversight, support, and coordination to ensure consistent identification, measurement and management of risks in the scope of the activities of the Global Treasury (GT) department. GT core functions include managing liquidity risk, the investment portfolio, asset-liability risk, funding and liability pricing, capital structure, and rating agency relationships.

GTRM plays a critical role in the overall success of the organization. State Street investors and clients rely on State Street to ensure the risks of State Street are appropriately managed.

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 Liquidity Risk Manager, VP within GTRM, you will drive the continued enhancement of the Liquidity Risk and Treasury Risk governance framework including policies and standards, internal and contingency funding plans and liquidity stress testing, ensuring compliance with national, European and US liquidity regulations and industry best practices. You will help us build resilience and execute day to day deliverables at our best.

• Lead and organize key internal liquidity assessments including the preparation of the ILAAP for State Street Bank International GmbH.
• Continuously develop/enhance internal and external enterprise-wide stress testing (ECB Stress test and SREP) from a Second Line of Defense perspective, including methodology design, modeling and analysis related to treasury risks and suitability for State Street Bank International GmbH.
• Ensure appropriate monitoring and reporting of existing key risks and communicate relevant risk information to senior management including the Chief Risk Officer, Head of GTRM, and the Treasurer.
• Manage the calibration of liquidity risk limits and the independent review of the liquidity risk management framework.
• Continuously develop/enhance the assessment, monitoring and reporting of liquidity risks including underlying quantitative models applied, and compliance with liquidity and data governance requirements.
• Actively support special projects, including review and analysis to support key strategic Global Treasury business initiatives/new products (e.g., issuance of new liabilities, investment in new asset types or in new geographies).
• Collaborate with GTRM colleagues globally and business leaders across the bank to incorporate the risk view in investment strategies and balance sheet allocation decisions.
• Actively participate in regulatory exams and represent second line of defense in regular meetings with regulators, developing a relationship of mutual trust and confidence and be a central point of contact to track, manage, and respond to both internal and external regulatory inquiries.
• Have experience in preparing presentations for executive management and regulators.
• Lead and coordinate the Second line of defense around the enhancement of the bank’s intraday liquidity risk framework.

What we value

These skills will help you succeed in this role:

• Have a solid understanding of liquidity risk management techniques as well as product knowledge including: operational deposits, FX Derivatives, Investment Portfolio (HQLA/ non-HQLA), Fund finance, Secured/unsecured borrowing etc.
• Excellent analytical and problem solving skills with ability to master and communicate concepts quickly.
• Independent and critical thinking skills and high attention to details.
• Effective verbal and written communication skills.
• Strong organizational skills and willingness to work in a fast-paced, high-energy level environment.
• Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high level of initiative.
• Experience with an international financial institution is a plus.

Education & Preferred Qualifications

• Bachelor’s degree in economics, finance, or other related field is required. Master’s degree with quantitative background or other advanced qualifications such as FRM or CFA is a plus.
• At least 10 years of experience within banking, consulting, or similar financial fields, ideally in Liquidity Risk or Asset Liability Management (ALM) related roles.
• Knowledge in Liquidity Risk related regulatory reporting requirements within the EU or other regulatory regimes.
• Experience with ILAAP and stress testing.
• Fluency in English is required. Good knowledge of German is a plus.
• Proficiency in Excel and other MS applications and strong financial modelling skills.

We offer

• Flexible working time.
• Work from home days might be possible depending on the role.
• 37.5 working hours per week.
• Pension plan offering.
• Wellbeing & health programs (anonymous Employee Assistance Program, PME Family Service, trainings).
• Group accident insurance.
• Mentoring program.
• Regular performance reviews and structured performance management.
• Personal development possibilities and extensive web based training catalogue.
• Free German and English language classes.
• Global Inclusion, Global Outreach and Corporate Citizenship programs.
• Dynamic, diverse, international, and multicultural working environment with English company language.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs 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 perspectives 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 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 programs 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.

Discover more at StateStreet.com/careers