Language Fluency: English (Required)

Work Shift:

Please review the following job description:

Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.

Manage critical day-to-day activities of the funding desk including working closely with Corporate Treasury Operations to ensure sufficient funds are purchased daily to meet Federal Reserve (FRB) balance targets.

Supervise development execution and monitoring of short-term funding plan (e.g. Fed Funds repurchase agreements institutional CDs brokered retail CDs Federal Home Loan Bank (FHLB) Advances and other short-term funding vehicles.

Manage the short-term cash flow process according to Regulation YY (Enhanced Prudential Standards) including forecasting backtesting and sensitivity analyses.

Assist Head of Corporate Funding in procuring/managing all wholesale deposits short-term debt and long-term debt of the bank to obtain the lowest possible funding cost for the Bank. This includes but not limited to managing funding mix to meet overall balance sheet objectives manage term funding programs (e.g. Global Bank Note FHLB Advances repurchase agreements brokered sweep/CD programs) including relationship with counterparties/agents in these programs.

Manage monitor and maximize wholesale funding channels including periodic testing of HQLA monetization channels unsecured instruments secured borrowings and securitization.

Work with Asset Liability Management (ALM) team to develop funding forecast and strategies that impact overall Net Interest Income (NII) forecast.

Work closely with Accounting Reporting Tax (ART) to evaluate accounting/tax implications of funding strategies. Prepare independent analyses related to funding strategies including issuance buyback and refinance that may be presented to leadership sub-committees and executive-level committee (e.g. ALCO).

Lead the marginal funding curve (MFC) process executed daily utilized for funds transfer pricing (FTP) and constantly evaluate the funding sources used in the process.

Stay current with applicable liquidity capital and interest-rate risk (IRR) regulation including notice of proposed rulemaking (NPR) that impact funding strategies/actions.

Work with Liquidity Risk team concerning compliance with new regulations.
Ensure internal control procedures are in place for managing funding activities and support the maintenance of Corporate Funding procedures and process flows that align with risk-control self-assessment objectives.

Required Qualifications:

The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelors degree or equivalent education and related training.
• Eight years of experience in banking with direct corporate treasury experience.
• Five years of experience in capital markets e.g. trading/portfolio management position or closely related work experience.
• Experience in financial markets and capital markets products.
• High degree of technical and interpersonal skills required.
• Ability to think strategically and both short-/long-term implications of actions.
• Firm understanding of liquidity capital and interest rate risk concepts as they apply to funding portfolio.
• General understanding of regulatory accounting and tax rules as it relates to bank activities.
• Very strong verbal and written communication skills analytical skills and business acumen.
• Demonstrated proficiency in computer applications such as MS Office and Bloomberg.

Preferred Qualifications:

• Masters degree in Business Economics or similar concentration
• Chartered Financial Analyst (CFA) designation.
• Thorough understanding of asset liability management and the role of a bank funding portfolio in the ALCO process.
• Proven ability to work well under high pressure in volatile stress markets.
• Experience with accounting regulatory and legal issues related to funding and structured products.
• Experience with offering circulars and other SEC documents used for issuance of GBN/MTN securities.