Liquidity, Interest, & Market Risk Manager

Liquidity, Interest, & Market Risk Manager

New York City, New York

Salary Range: $190,000 - $300,000

General Description

The Liquidity, Interest, & Market Risk Manager collaborates with Apple Bank's Asset Liability Management and Investment teams to provide 2nd line of defense oversight and challenge on inherent risks. This position provides guidance on funding risk mitigation and supports the enhancement of the Bank's liquidity risk framework, including risk assessment, measurement, assumption derivation, and limit methodology. Additionally, the incumbent develops controls, provides reports, and monitors systems to project intraday, near-term, and long-term liquidity needs, as well as funding, and also monitors our 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 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 of Directors on risk exposures and limits to the Bank's investment program.
• Monitor and analyze risks relating to investment portfolio, trading, funding approach, and operational activities developed by the Investment department.
• Design risk metrics and 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.
• Oversee collateral management for funding sources and other pledging requirements.
• Calculate and monitor liquidity key risk indicators.
• Perform other duties as requested.

Skills, Education and Experience

• Bachelor's degree required; Master's degree a plus.
• 8 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.
• Demonstrated ability to analyze, interpret, and synthesize financial and non-financial data into coherent reports and narrative.
• Knowledge of interest rate, FX, and equity risk, including models and key assumptions.
• Excellent analytical, problem-solving communication (verbal & written) and presentation skills.
• Excellent interpersonal skills, with ability to be a "team player" and build relationships.
• Solid spreadsheet, database, and model development expertise.
• Understanding of Empyrean and/or Power BI a plus

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.