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Liquidity and Market Analyst/Core Business Line Analyst - Supervision Group more...
Location:New York, NY
Company:Federal Reserve Bank of New York
First posted:June 09, 2017
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Primary Location: NY-New York City

Full-time / Part-time: Full-time

Employee Status: Regular

Overtime Status: Exempt

Job Type: Experienced

Travel: Yes, 10 % of the Time

Shift: Day Job

Overview:

The Supervision Group at the Federal Reserve Bank of New York (FRBNY) supervises financial institutions in the Second District of the Federal Reserve System. Its primary objective is to maintain a safe U.S. and global banking system by moving the firms it supervises to become better managed, less complex and more resilient.

 

Responsibilities:

  • Evaluate stability and mix of funding sources for changes in strategy or pricing with intent of developing strong understanding of firm's sensitivities to various internal and external factors.
  • Analyze firm's reporting to identify risks and/or changes in strategy.
  • Monitor and assess changes in the firm's key market risk exposures (centered primarily in FX risk from overseas earnings) and potential risk posed from its investment portfolio activities.
  • Monitor the composition of the firm's liquidity buffer and broader investment portfolios.  Understand the purpose and strategies for each investment portfolio.
  • Meet regularly with senior management of treasury, business line management, internal audit and independent risk to assess and develop comprehensive views on firm's management of market and liquidity risk relative to current and planned strategies.
  • Ensure firm's compliance with current liquidity regulations (i.e. Reg WW and Reg YY).
  • Build and maintain communication channels with firm's treasury and risk function to facilitate timely flow of information and responses to inquiries. 
  • Assist (as required) in execution of system wide horizontal review of liquidity risk management practices and other projects.
  • Participate in other onsite team exams and activities as needed (i.e. CCAR, Resolution Planning, Annual Roll up, target exams, etc.).
  • Developing and maintaining relationships with key business heads for relevant businesses, through a regular dialogue, with a focus on the following:
    • Governance:  Ensure the firm remains in compliance with internal policies, procedures and limits, in addition to applicable laws and regulations.  Ensure that business line objectives align with those approved by the board of directors.
    • Strategy and Risk Appetite:  Confirm that activities are consistent with the firm's strategy and risk appetite. Understand current/expected future client base and key counterparties.
    • Risk Identification and Risk Management: Evaluate whether the firm is identifying and assessing risk associated with its business activities, is managing risk-taking under a broad range of conditions and proactively addresses risk arising from growth, innovation or other material changes.
    • Resources and Business Controls:  Evaluate whether the firm has sufficient resources and infrastructure to manage its activities in a safe and sound manner.  Confirm whether the firm has an effective system of controls over operations.
    • Business Line Accountability:  Evaluate whether the firm ensures that employees operate within established policies, act in compliance with applicable laws, regulations, supervisory expectations and conduct guidelines.
    • Develop and monitor metrics (i.e., revenue drivers, balance sheet usage, risk weighed assets, economic risk capital, earnings, margins, etc.) that measure the performance of the targeted businesses against stated goals in tandem with financial analyst.
    • Maintain a current understanding of industry developments, including the competitive environment, trends, new products, significant regulatory changes, and the implications of changes in the macroeconomic environment on each business line.

Requirements:

  • Bachelor's degree required; a minimum of 3-5 years relevant experience.
  • Strong analytical skills, including proficiency in Excel.
  • Solid written and oral communication skills, ability to present to executive level management and large audiences, and confidence to respond to questions about content being presented.
  • Ability to work independently and deliver quality work products within desired time frames and demonstrate sound judgment in balancing competing priorities.
  • General understanding of the funding and liquidity sensitivities unique to a mono-line credit card issuer as compared to those of credit card issuers which operate as one business line of a large diversified financial institution.
  • Familiarity with bank balance sheet management concepts for measuring funding inflows/outflows over time.
  • Knowledgeable in banking book related interest rate risk concepts such as Earnings at Risk and Economic Value of Equity.
  • Basic understanding of FX risk and related hedging/derivative activities to minimize earnings volatility.
  • Previous experience in liquidity and market risk is preferred.

 

 

This position requires access to confidential supervisory information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.

 

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service", as this was not included on the body of the descriptions.

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