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Global Liquidity Management (GLM)
GLM is part of the Global Treasury organization with responsibility managing the firm’s liquidity risk. A primary focus of GLM is to analyze, measure, and report on the liquidity position and liquidity risk profile in order to ensure that State Street and its international entities can meet all contractual and contingent financial obligations through typical market cycles as well as periods of stress. Through meaningful, timely, transparent, multidimensional and globally harmonized measures, GLM provides key stakeholders the necessary transparency and understanding of the liquidity position, its risks and how liquidity can be affected and influenced.
Who we are looking for
This position will be involved in the development and ownership of the company’s Operational Deposit Model and the application of that model within multiple regulatory liquidity frameworks. The individual will also liaise with various teams responsible for producing daily metrics to ensure proper reporting to key stakeholders. The ideal candidate will often need to respond with data-driven analyses to support attribution of liquidity model results. It is expected that this position will also need to respond to ad hoc data needs within the larger liquidity team that require prompt and accurate responses. The successful candidate will need to be proficient working with large data sets and synthesizing data into actionable information for senior management and governance committees. Prior knowledge of regulatory liquidity metrics is a plus. .
What you will be responsible for
• Develop and implement enhancements to financial and other quantitative models used in liquidity risk and deposit funding
• Assess the quality and risk of data, model methodologies, outputs, and processes
• Develop alternative model approaches to assess model design and advance future capabilities
• Assist in daily production of model output that is used in liquidity reporting
• Work with your manager to create summaries, presentations, and process documents to display results and trend analysis
• Partner with production and technology teams to ensure timely and quality implementation with diligent test validation.
• Perform periodic model maintenance and model validation activities
• Assess the liquidity value of various depositors as defined by the regulatory requirements
• Project liquidity impacts to the firm’s balance sheet and risk profile along with any other factors that impact regulatory requirements
• Communicate with senior management to provide updates and analysis on the liquidity position
• Respond to regulatory requests
Education & Preferred Qualifications
• BA/BS degree in a related field (Finance, Economics, Business Administration, Accounting,)
• 3-5+ years of experience in treasury, modeling, consulting or related field
• Strong technical and quantitative skills
• Preferred skills include SQL, Python, Excel, and PowerPoint
• Ability to multi-task, manage priorities, work independently while maintaining attention to detail and meet deadlines in a demanding and deadline-oriented environment
• Ability to proactively identify and resolve issues by working with other areas of the firm including data, IT and production teams
• Experience in preparing presentations for executive management
• Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high level of initiative
Are you the right candidate? Yes!
We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:
$80,000 – $132,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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