VP, LCR/Basel regulatory framework
LEADING GLOBAL INVESTMANT BANK
The main focus will be to drive the global effort to maintain LCR compliance, involving developing LCR mitigation strategies with businesses, managing interpretation discussions and partnering with finance to ensure the LCR ratio is accurately reported.
LCR role:
This will include understanding of liquidity risks across all balance sheet and off-balance sheet items and treatment of those liquidity risks under Basel and CRR. Partnering with finance colleagues to achieve an accurate LCR. Leading the internal discussion on interpretation issues and feeding back into industry forums/regulatory discussions where required. The success of this effort will be dependent upon the incumbent's ability to develop working relationships with all key stakeholders and have an understanding of the overall bank’s balance sheet.
A particular emphasis within the role will be on partnering with business areas to drive mitigation for LCR. In addition, the impact of Basel on other areas of treasury will need to be understood – for example the impact on transfer pricing of differences in treatment of particular products from an internal and external perspective.
Treasury is a corporate function whose ‘customers’ are the businesses of the bank, i.e. Global Markets, Global Banking, Private Banking, Private-/Asset Wealth Management.
Treasury manages the capital, funding, liquidity and transfer pricing of the group of companies.
Treasury operates a ‘hub and spokes’ model, with staff concentrated mainly in the major hubs of Frankfurt, London, New York and Singapore, but with a small presence also in Tokyo, Sydney, Brazil, Shanghai and Berlin.
The candidate taking this important role will be responsible for ensuring LCR compliance on an ongoing basis. Delivery of management information around the expected LCR ratio (involvement in the projection process and contingency/scenario planning). Management updates need to be given to detail the progress made on mitigation strategies.
The position requires an experienced and confident individual with management and leadership potential. The incumbent will be expected to have a detailed understanding of industry practices and ideally have previous hands-on experience of 5+ years in managing liquidity risks across all product and business lines. Specific knowledge of regulatory regimes (Basel/CRR) are a must, with FSA 047/048 a positive.
The role will involve liaising with finance, regulatory, IT and other risk management areas, as well as front office business areas. In addition, the role will be required to liaise with industry forums and external regulators
The position requires the successful applicant to be able to work independently without micro-management and deliver results in a timely manner.
- University graduate or equivalent degree in finance, economics or mathematics would be beneficial.
- Must have a minimum of 5 years in a Treasury department or a business unit of an investment bank.
- Must have active experience in liaison with business managers within an investment banks
- Must have knowledge of Basel/CRR regulatory frameworks.
- Must have strong liquidity management experience across all investment banking/non-investment banking products.
- Ability and experience to organise and lead across multiple stakeholder groups.
- Strong communication and coordination skills
- Ability to deal with people coming from different backgrounds and countries
- Ability to interface with business units and line management
- Show initiative and react quickly to changes in priorities
- Strong analytical and problem-solving skills and demonstrated ability to work independently
- Ability to work in a highly organised manner
- Flexible, resilient, confident and determined
Leave a Reply
You must be logged in to post a comment.