Treasury-Balance Sheet Management VP

Introduction

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

This role is responsible for leading team on Liquidity Stress Testing (LST), liquidity Key Risk Indicators (KRIs) forecast, monitoring and management, and Head Office (HO) reporting; in charge of the LST design, implementation, and maintenance of the liquidity risk stress-testing framework under EPS tailoring rules, as well as data collecting, mapping, and coordinating of liquidity buffer forecasts; responsible for forecast, monitoring and management of various liquidity risk KRIs; also responsible of HO reporting on BOCNY balance sheet management, KRIs and KPI monitoring and reporting, and ad-hoc analysis. This role communicates and works with business units to provide guidance and ensure safe & sound liquidity.

Responsibilities

Include but are not limited to:

Liquidity Risk management

• Understand and keep current on the liquidity risk stress testing regulations and requirement, particularly EPS tailoring rules
• Maintain liquidity risk stress testing models, templates, process and procedures, improve and refine existing assumptions, methodology, automation, and documentation
• Recalibrate LST all assumptions and process back-testing annually
• Responsible for the timeliness and accuracy of the daily LST
• Monitor liquidity buffer, promptly analyze the change and recommend the actions on Liquidity KRIs improvement
• Coordinate with FLUs on liquidity weekly forecasts.
• Prepare month-end liquidity risk stress testing results and timely report to business units and senior management
• Perform scenario analysis and buffer forecast for the future period to assist senior management make strategic decision and capital planning, Remediate regulatory concerns or issues or audit findings (if any)

HO reporting

• Produce weekly/monthly liquidity risk 3-in-1 report, business forecast report, etc. timely and ensure the accuracy. Analyze the change and key factors. Report the conclusion to senior management
• Automate production process and maintain report templates based on the DBMS
• Communicate with HO for inquires of businesses in NYB

Regulatory exams; internal /external audits, and model review

• Respond to requests and questions from internal/external auditing, model validation, and U.S. regulatory supervise teams
• Prepare and response internal and external audit materials
• Work closely with 2nd line and 3rd line for annual liquidity model and assumption review

Liquidity KRIs

• Responsible for the weekly and monthly forecast, monitoring, analysis and reporting of 13 liquidity KRIs
• Communicate with FLUs and provide guidance on loan and deposit growth

Ad-hoc reporting and analysis

• Coordinate cash flow projection in CFP testing
• Perform quantitative analysis on variance and forecasting on balance sheet
• Assist other team members regarding data source tracking, and reconciliation
• Provide data analysis and summarization for different spreadsheet reporting

Team Management and Talent Development

• ALCO meeting material preparation and presentation
• Train and guide new hires about routine tasks

Qualifications

• Bachelor’s degree is required, Master's Degree is preferred
• 10 years of work experience in financial data analysis and/or modelling
• 3 years of work experience in liquidity risk management and/or asset liability management
• Knowledge of financial products and regulatory requirements on EPS, LCR rules, NSFR, etc. is required
• Skills in statistical tools such as VBA or SQL is required
• Bilingual capability in Mandarin is highly preferred
• CFA certification is preferred

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

Salary : $230,000