Job Description

Reference # : 21-01026Title : Managing Director - Balance Sheet
Location : New York, NY
Position Type : Right to Hire
Experience Level : Start Date / End Date : 07/26/2021 / 07/25/2022
Job Description

Job Title: Balance Sheet Mgmt. Ld. Grp Mgr. – GCB Treasury

Group Description

Major Global Bank Treasury manages the balance sheet, capital, and liquidity of Major Global Bankgroup; manages and provides corporate oversight of liquidity, interest rate and currency translation risks; and supports businesses with risk identification/management, product innovation and funding strategy.

GCB Business Treasury focuses on asset/liability management, balance sheet planning, liquidity/capital optimization, and interest rate and liquidity risk management for the GCB. This unit serves as the principal point of contact into Treasury for the GCB CFO and the business and finance teams, ensuring that balance sheet priorities are taken into account in business decision-making processes. Additionally, this function works with the segment Finance team in implementing balance sheet allocation, optimization and costing processes. Business Treasury also has first line responsibility for Interest Rate Risk (IRR) management of the consumer business segments.

While focused on NAM, the GCB Treasury team works with the deposit and lending businesses globally within GCB. Individual business units include US Consumer Bank consisting of Branded Cards, Retail Banking, and Mortgages, and Retail Services. GCB Treasury also supports Client Holdings.
This role reports to the GCB Treasurer

Key Responsibilities
  • Oversee the Balance Sheet for the Consumer Bank with respect to liquidity requirements, asset/deposit composition and targets, interest rate risk, capital and return metrics.
  • Provide treasury support to all product lines within the Consumer Bank and partner in developing the business strategy and activities in order to help drive balance sheet objectives and support business goals
  • Evolve Capital Allocation framework within the GCB considering Risk Appetite requirements
  • Stakeholder liaison for Treasury related topics which includes Consumer Bank management team and our regulators
  • Key activities include Balance Sheet oversight and use and cost of firm resources across liquidity, capital, and the interest rate risk profile
  • Business support including informing strategic direction
  • Work with Consumer businesses to understand their objectives and activities to support their balance sheet needs
  • Partner across Treasury, broader Finance and the businesses to support the firm's operating plan and stress testing requirements
  • Incudes loan and deposit levels, deposit beta planning, and returns across multiple metrics
  • Ensure expertise in business product offering to understand associated capital, liquidity, and interest rate risks and balance sheet costs to help facilitate appropriate Treasury policies including transfer pricing and liquidity incentives
  • Support business in meeting return targets in evaluating strategy and product mix and partner across Treasury in evolving a capital allocation process which consider various requirements and constraints including risk appetite
  • Work with businesses and liquidity management function to ensure appropriate modelling of liquidity across products and liquidity stress utilization
  • Drive business balance sheet composition, consistent with operating plan and ALCO objectives
  • Engagement with partners across Client as well as with regulators
  • Drive need for enhanced capabilities in a constant improvement culture

Preferred Skills
  • Knowledge of FX, Money Markets and interest rates risks
  • Understanding of regulatory framework within liquidity, capital and resolution
  • Understanding of legal vehicle structure
  • Negotiation & influencing skills
  • Motivation and team leadership skills
  • Strategic and Analytical thinker
  • Execution skills

  • 10 - 14 years of relevant experience interacting with Capital Markets and or Treasury
  • Consulting / Management / Financial Services / Investment Banking Experience is a plus
  • Knowledge of the financial services industry and technology
  • Demonstrated ability to manage large teams, complex initiatives and issues and processes at the executive level
  • Proven ability to work in high-pressure environments
  • Sound analytical skills to capture and model complex balance sheet issues
  • Seasoned interpersonal skills and excellent communication and writing skills
  • Broad understanding of regulatory and policies, specifically capital and liquidity regulations
  • Undergraduate/Master's/ Postgraduate degree in Finance or Economics or related fields preferred
  • Proven leadership skills and intellectual capacity to manage multiple work streams
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