Liquidity & Market Risk Oversight Manager

SUMMARY: The Liquidity and Market Oversight Manager is an integral part of the Enterprise Risk Management organization within the second line of defense. S/he will be primarily responsible for the independent review and effective challenge of the Bank's liquidity, interest rate and price risks. In this role, the Manager will perform independent risk assessments as well as work on the development of new frameworks and KRIs. The candidate will work very closely with Corporate Treasury and the Chief Investment Office. The successful candidate is a creative, passionate, collaborative, quantitatively minded individual who takes initiative to drive change and relies on fact based and quantitative analysis. Other projects may be assigned with the evolution of the department. Note: this is currently a single contributor role.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.

• Develop and own quantitative assessment of liquidity and market (IRR and Price) risk as independent and effective challenge to the first line of defense.
• Develop quantitative support for various risk limits for several metrics pertaining to market (IRR and Price) and liquidity risk.
• Review and challenge the impact of periodic model changes driving key components of liquidity and IRR quantification.
• Review and challenge key assumptions used in our risk management framework.
• Provide insight on how evolving regulatory requirements impact the BankUnited's risk management framework.
• Provide insight on the Bank's exposure to liquidity and market risk.
• Collaborate with other members of ERM to further advance important initiatives such as stress testing, value at risk (VaR) analysis, risk decomposition and economic capital. Contribute to the design and implementation of risk reporting across a variety of media.
• Collaborate on the maintenance of policies and governance documents.
• Work closely with the data and technology teams to improve the data infrastructure needed to support the above initiatives.
• Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
• Adheres to Bank policies and procedures and completes required training.
• Identifies and reports suspicious activity.

EDUCATION

Degree in a quantitative discipline (eg Statistics, Finance, Mathematics, Engineering, Economics) required Advanced degree in a quantitative discipline (PhD or MSc in a STEM discipline or Economics/Finance) preferred

EXPERIENCE

• 4 - 6 years experience in financial services (banking, asset management, insurance, etc) with significant direct exposure to analytics and modeling applied to enterprise risk management with emphasis on liquidity and market risk required
• 4 - 6 years experience in financial services (banking, asset management, insurance, etc) with significant direct exposure to analytics and modeling applied to enterprise risk management with emphasis on liquidity and market risk required
• 1 - 3 years experience analyzing liquidity risk in a banking context required. The successful candidate will be familiar with liquidity stress testing, regulatory requirements pertaining to liquidity management, the Liquidity Coverage Ratio, and liquidity risk management
• 1- 3 years experience with a wide assortment of financial modeling techniques, including but not limited to: credit losses, loss migration, interest rates, volatility, derivatives, VaR, prepayments, capital, forecast techniques, stress testing, scenario analysis, sensitivity analysis, RAROC, liquidity, FTP required required
• 1 - 3 years prior experience working with databases required. The successful candidate should possess the technical skills necessary (R and/or Python) to analyze large quantities of data with the goal of providing insight on liquidity and market risk

CERTIFICATES, LICENSES, REGISTRATIONS

• Chartered Financial Analyst (CFA) preferred
• Professional Risk Manager (PRM) preferred
• FRM preferred

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