Add your resume and apply to jobs with your Glassdoor profile. Create Profile. Job. First Vice President, Head of Liquidity Risk New York, NY. General Description. Reporting to the EVP, Chief Risk Officer, the Head of Liquidity/Market and Interest Rate Risk will collaborate with and provide Line of Defense (\"LOD\") oversight, and challenge for Apple Bank's Asset Liability Management and Investment teams. The incumbent will provide guidance on funding risk mitigation, as well as provide support for the enhancement of the Bank's liquidity risk framework, including risk assessment, measurement, assumption derivation and limit methodology. Additionally, this position will develop controls, reports, and systems to project intraday, near-term, and long-term liquidity needs and funding, as well manage the Bank's interest rate and liquidity risk, including oversight of the Bank's investment portfolio.. Essential Duties and Responsibilities. Oversee liquidity risk management, including independent reviews of liquidity stress testing methodology and assumptions, contingency funding plan, and liquidity risk management framework and policy.. Design and implement liquidity risk appetite and optimization of available liquidity for Bank and promote a culture of risk consciousness through clear accountabilities and supportive response to escalation of concerns.. Design and implement risk policies, procedures and internal controls to ensure that risks are identified and controls are in place and operating effectively.. Develop controls and systems to project intraday, near-term, and long-term liquidity needs and funding solutions.. Provide insights and recommendations to the Chief Risk Officer, Chairman & CEO and the Board regarding risk exposures and limits for the Bank's investment program.. Develop stress testing methodology, model creation and governance.. Monitor and analyze risks relating to investment portfolio, trading, funding approach, and operational activities developed by the Investment department.. Design risk metrics and respective thresholds for the Bank's liquidity and interest rate risk exposures.. Monitor developments in regulatory guidelines, assess requirements and implement compliant solutions; engage with regulators to communicate and justify approaches developed for utilization in liquidity risk framework, governance and operations.. Support the monitoring of liquidity and funding risks, including the risk mitigation provided by liquidity portfolios, to identify trends in assumptions and negative trends in relation to trigger events.. Analyze new business initiatives to assess the liquidity risk implications and funding requirements. Skills Education and Experience. Bachelor's degree in Business, Finance, Economics, or Accounting required; Master's degree a plus.. 10-12 years of experience in market or liquidity risk at a bank or in financial services industry.. Well versed in various aspects of risk management, including risk appetite, governance, and regulatory landscape.. Deep understanding of financial markets especially funding markets and management of liquidity.. Knowledge of interest rate, FX, and equity risk, including models and key assumptions for both retail (mortgage) and wholesale banking and investment products. Excellent analytical and problem solving skills, with ability to identify and analyze multiple data points.. Superior project management skills required.. Strong communication (verbal & written) and presentation skills.. Excellent interpersonal skills, with ability to be a \"team player\" and build relationships.. Proficient in Microsoft Office Suite of products: Excel, PowerPoint, and Word.. Must have exceptional spreadsheet, database, and model development expertise.. Demonstrated ability to analyze, interpret, and synthesize financial and non-financial data into coherent reports and narrative. Apple Bank offers Medical/Dental, Vision, 401k and Tuition Reimbursement to full time employees.. We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes. Associated topics: bank, credit, director finance, equity trading, finance director, financial, financial services, fiscal, invest, kpmg
* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.