Head of Liquidity & Funding – Treasury Risk Control recruitment
Firm-wide Treasury Risk Control is responsible for independent risk control and oversight across all Treasury activities within the bank.
The team is responsible for independent oversight over Group Treasury activities in managing liquidity and funding risk control team, Asset Liability Management activities and the Fund Transfer Pricing (FTP) framework. In addition, the role will face-off to EMEA Regional Treasury in a matrix organisation.
The responsibilities include:
- Establish strong working relationships with the Treasury, Asset Liability Management, Risk Control and Finance functions.
- Contribute to the design and implementation of industry leading funding and liquidity risk management methodologies and infrastructure.
- Play a lead role in the implementation of the Basel III liquidity risk framework
- Provide independent oversight over liquidity risk appetite policy and limit framework.
- Provide independent control / oversight over: Funding gaps by tenor and currency, Long term funding profile, Contingency funding plan Structural and operational funding gaps
- Lead design efforts for liquidity risk scenario parameterization, stress testing design and analysis. Enhance existing scenarios to address changes in liquidity risk profile and evolving regulatory and financial disclosure requirements and evolving best practice.
- Be the primary contact and provide independent oversight over Regional Treasury activities in EMEA, leveraging competencies within the Firm-wide Treasury Risk Control function as required): Local liquidity and funding, Face-off to the local regulators, Fulfil and legal entity specific requirements, Local resolution / recovery plans
- Contribute to efforts linking liquidity risk framework with Funds Transfer Pricing
- Review and recommend approval for liquidity portfolio investment guidelines.
- Drive improvements in analysis and reporting of legal, geographical, regulatory and operational constraints on free movement of funds. Support establishment of reports to reflect cross border and cross-entity funding dependencies.
- Drive improvements in liquidity risk reporting to effectively highlight critical and ''hidden'' risks leading to more actionable reports. Articulate and advocate for systems enhancements necessary to improve liquidity risk reporting.
- Ensure that liquidity risk governance processes are effective and efficient. Lead formal review and approval process for liquidity risk model and assumption changes.
- Lead a geographically distributed team of senior specialists effectively
Requirements
- Masters or higher in Finance or a quantitative discipline, CFA a plus
- Significant risk management or related experience with a focus on funding and liquidity in capital markets or Treasury at a major financial institution.
- Specific liquidity risk management experience at or with major international regulators
- Experienced in assessment of contingency funding plans
- Experienced with calculation and attribution of liquidity premiums
- Able to evaluate systems infrastructure constraints and identify opportunities to address systems constraints affecting liquidity risk measurement and reporting.
- Familiarity with liquidity risk ratios and models
- Experienced in implementation and use of liquidity risk measurement methods and management reporting tools.
- Able to work with Treasury and ALM and other business units to establish an effective, ongoing partnership with the risk team concerning liquidity risk
- Extensive familiarity with liquidity and market risk characteristics for broad range of fixed-income investments across market environments, including market practices and liquidity implications of using securities as collateral.
- Strong interest in developing best practices in funding and liquidity risk management
- Strong experience with risk management techniques such as VaR, simulation, sensitivity analysis and stress testing.
- Knowledge of fixed income quantitative and statistical packages (e.g., Bloomberg, QRM, POINT, BondEdge, MatLab)
- Collaborate for results, and possess strong communication, presentation, influencing and negotiation skills demonstrated across boundaries, locations and multiple layers of the organization
- Demonstrated ability to win trust and respect of business partners
- Strong results orientation and ability to work in a matrixed reporting structure
- Flexibility to travel as required
UBS
UBS can offer you an environment geared towards performance, attractive career opportunities, and an open corporate culture that values and rewards the contribution of every individual. Together we will shape and strengthen the UBS brand. UBS is an equal opportunity employer. We respect and seek to empower each individual and the diverse cultures, perspectives, skills and experiences within our workforce.
February 24, 2012
• Tags: Accounting & Finance careers in the UK, Head of Liquidity & Funding, Treasury Risk Control recruitment • Posted in: Financial