Global Treausry - Managing Director - Asset Liability Management

Job Description

Asset Liability Management (ALM) Global Treasury Managing DirectorPOSITION OVERVIEW: State Street Corporation (NYSE: STT) is the worlds leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $33.5 trillion in assets under custody and administration and $3.1 trillion in assets under investment management as of June 30th, 2020. State Street operates globally in more than 100 geographic markets and employs 39,000 worldwide.Global Treasury is part of the Corporate Finance organization with approximately 170 teammates worldwide. Its focus includes managing the company s investment portfolio and funding needs, optimizing the balance sheet and net interest income (NII) and driving risk/return frameworks to manage the company s capital position and liquidity and interest rate risk profiles.Asset Liability Management (ALM) is a function within Global Treasury with approximately 40 teammates worldwide. ALM is responsible for the company s balance sheet strategy, forecasting NII and measuring interest rate risk sensitivities under different rate scenarios. It works closely with other Global Treasury, Finance and Line of Business units to provide analysis and recommendation for strategic changes to the company s balance sheet.This role reports to the Global Head of ALM (SVP) on a functional basis and to the Global Treasury India lead on a local basis. Local management responsibilities will be for 15-20 ALM professionals based in India.PRIMARY DUTIES AND RESPONSIBLITLIES:Successful candidates will be experienced leaders with relevant experience at large financial institutions. They will be required to partner cross-functionally within the organization and across geographies. Candidates for this position are expected to:

• Supervise the India ALM team by managing day-to-day personnel responsibilities including talent acquisition, development and retention, performance assessments and resource allocation
• Manage ALM s data analytics team which is the foundation of all ALM-related activities; this team is responsible for building the monthly current position which is a key input into all baseline forecast and interest rate risk simulation processes
• Manage ALM s interest rate risk reporting and analytics team; this group is responsible for monthly metric reporting against various thresholds and limits as well as attribution analyses to explain key drivers for changes; this group is also responsible for sensitivity analyses to highlight key assumption risks

• Manages ALM s NII consolidation team; this team is responsible for monthly attribution and report of NII and balance sheet actuals versus forecast partnering with the Treasury leadership team and the FP&A (Financial Planning & Analysis) unit; it also partners with other groups within ALM to conduct quarterly peer analytics

• Leads ALM s ongoing monitoring requirements for the QRM, deposit and CCAR models; this group partners closely with CMA (Centralized Modeling Analytics) and MRM (Model Risk Management)
• Oversight of ALM s NII backtesting and hedge ineffectiveness testing processes to support regulatory and accounting requirements

• Leads various special projects at the request of the Global Head of ALM; examples include BCBS 239 data lineage workstreams, FDIC assessment analytics and participation in ALM CCAR activitiesQUALIFICATIONS:

• Bachelor s Degree required; MBA or relevant graduate degree preferred
• 16 -18 years of financial services experience required; exposure to Asset Liability Management or other Treasury disciplines preferred
• Experience leading large, cross-functional teams across different geographies and time zones
• Strong verbal and written communication skills; effective at presenting results to key stakeholders including senior management and external regulators
• Proficiency in Microsoft Word, Excel and PowerPoint in addition to other reporting visualization tools; experience with QRM (Quantitative Risk Management) preferred

Keyskills :
salesmarketingbusiness developmentfinancereportingasset liability managementbalance sheetdata analyticsfinancial servicesinvestment researchresource allocationcommunication skillsfinancial accounting