Liquidity & Market Risk Oversight Manager

Who We Are

BankUnited (NYSE: BKU) is a national bank headquartered in Miami Lakes, Florida with banking centers in Florida, the New York metropolitan area, Dallas and Atlanta. BankUnited has two subsidiaries, Pinnacle Public Finance headquartered in Scottsdale, Arizona and Bridge Funding Group headquartered in Hunt Valley, Maryland. We pride ourselves on our entrepreneurial and collaborative culture encompassing the best minds, the brightest talent and the boldest decision makers.

BankUnited is honored to announce that we have been included on the Newsweek and Statista America's Most Trusted Companies Award List!

BankUnited has been recognized by Newsweek for two outstanding awards in 2023 as one of America's Greatest Workplaces and as one of America's Greatest Workplaces for Job Starters, which acknowledges our commitment to creating an exceptional workplace.

Our Culture

At BankUnited, we foster a diverse and inclusive environment where all employees have the opportunity to advance, grow and achieve their goals. Our rally cry is to GO FOR MORE™, a call to action to go above and beyond to provide the best customer experience to every client and to GO FOR MORE in your career.

Why BankUnited

Working for BankUnited offers you exciting challenges and opportunities to advance your professional development, while empowering you to deliver and be your best. We are happy to report the average tenure according to LinkedIn insights is 8.3 years. We strive to provide a competitive benefits plan to our employees and are proud to have been ranked #3 as one of the 2022 Healthiest 100 Wokplaces in America by Springbuk and awarded HEALTHIEST EMPLOYER by the South Florida Business Journal for three consecutive years since 2020.

As a company, we believe we are only as successful as our people and are committed to providing training and innovative resources that prepare you to reach your full potential. That's why in addition to tuition reimbursement, we provide our employees with exciting career coaching, courses and training through our own GO FOR MORE™ Academy and mentoring opportunities through our iCARE™ (Inclusive Community of Advocacy, Respect and Equality) program.

At BankUnited, we strive to provide our employees with a work life balance. Specifically, retail branches operate 5 days a week Monday - Friday, excluding evening and/or weekend hours. For many of our positions, we offer a hybrid work environment, as well as a remote work environment for designated positions.

If you thrive in a fast-paced collaborative work environment, Apply Now and start your journey with BankUnited today!

Job Description

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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