Liquidity and Interest Rate Risk Assistant Vice President

The responsibilities of this role include but are not limited to:

Oversee and Enhance Market and Liquidity Risk Management Key Activities

• Oversee and challenge the Front Line’s liquidity risk and interest rate risk management practice
• Identify, measure, monitor and mitigate liquidity risk and interest rate exposure, KRIs, limits, and analyze future risk trends
• Improve the Bank’s asset liability management; optimize the funding structure and strategy
• Maintain liquidity risk management (ILMS) application, and conducting the daily risk analysis and intraday liquidity monitoring

Market and Liquidity Risk Governance to satisfy EPS and HS regulatory requirements

• Develop and improve the policies and procedures on liquidity and interest rate risk management
• Prepare risk reports for market and liquidity risk committee, and report to related committees and senior management
• Perform effective challenge of front-line units reporting related to risk management

Build and improve the market and liquidity risk related analytics and capabilities

• Develop the analytics tools for the Bank’s liquidity and interest rate risk management such as intraday liquidity monitoring, ALCO report review, risk limits review and risk methodology enhancement
• Work with Front Line Units (FLUs) to enhance the Bank’s analytical capability and various scenario analyses
• Build MRD’s capabilities in risk data aggregation including risk exposure, key risk indicators and other risk metrics
• Conduct new products risk evaluation
• Seek training in the bank’s risk management software and third-party systems (e.g., Bloomberg)
• Perform research and presentations on various topics
• Maintain Intraday Liquidity Management System (ILMS) as owner

Implement and execute the regulatory required projects

• Execute various Heightened Standard requirement related projects such as enterprise risk assessment, wholesale payments risk assessment
• Review and challenge Front Line Units’ remediation proposals addressing regulatory issues and concerns
• Deliver analysis and tools to meet with OCC and the Fed ongoing monitoring requirement, and FDIC annual testing requirement
• Develop and update resolution plans (RP)
• Execute the projects addressing issues or concerns from regulators, internal and external auditors

Job Qualifications:

• Master's degree is required; Majors in Finance, Economics or Quantitative related fields is preferred
• At least 4 years of work experience in liquidity risk and interest rate risk management in banking or other financial institutions required
• Strong knowledge of quantitative analytics and financial/ banking industry required
• Quantitative knowledge, such as advanced probability, statistics, time series analysis, statistical modeling, etc. is required
• Liquidity risk and Interest rate risk management knowledge, such as banking book risks, asset liability management is required
• Chartered financial analyst (CFA) or Financial Risk Management (FRM) certification preferred

Salary Range:

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

USD $65,000.00 - USD $150,000.00 /Yr.