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Liquidity Management - Assistant Vice President

Employer
Deutsche Bank
Location
New York, USA
Salary
salary range for this position in New York City is $100,000 to $142,250
Closing date
Jun 8, 2024

View more

Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Description:

Job Title Liquidity Management

Corporate Title Assistant Vice President

Location New York, NY

Overview

As a Specialist on the Liquidity Management (LM) team, you will provide subject matter expertise, to functional colleagues and internal stakeholders, on specific functional subject areas/regulations (e.g., liquidity metrics, liquidity remediation, and liquidity methodologies; stress scenario analysis; interpretation and management on multiple internal liquidity metrics, US and Europe regulatory guidance) for the effective management of Consolidated US Operations (CUSO) liquidity positions, in line with the Bank's policies and regulatory requirements. You will take ownership of monitoring and managing the internal liquidity stress testing (ILST) along with interpretations of regulatory requirements (US Liquidity Coverage Ratio (LCR) and US Net Stable Funding Ratio (NSFR)) and guide the team in developing responses to regulatory related examinations; You will be responsible for developing best practice approaches and building subject matter capability within the Function, in response to the changing regulatory landscape and manage relationships with relevant stakeholders and collaborate with colleagues within/across functions to support the execution of the Business strategy and achievement of the Bank/Division objectives. You will lead the liquidity steering team to properly define required liquidity buffer and efficiently manage daily liquidity surplus and HQLA level, as well as collaborate with Global Liquidity team and other Treasury functions to support on different objectives and understand the methodology deviation between Group and local. You will oversee the real-time intraday liquidity for all US entities, communicate with Business and Operations to understand intraday high utilization root cause and lead ad hoc projects to enhance on intraday liquidity with internal teams and external vendors, in addition to managing the relationship with 2nd line of defense, audit, and Treasury technology team to lead technology implementation of liquidity models and monitoring tools.

What We Offer You
  • A diverse and inclusive environment that embraces change, innovation, and collaboration
  • A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
  • Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
  • Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
  • Educational resources, matching gift, and volunteer programs
What You'll Do
  • Proactively monitor daily liquidity surplus movement in US entities (i.e., broker dealer, commercial & retail bank, New York Branch), propose and execute timely liquidity remediation plan, while actively managing entities' surplus under target level by performing daily liquidity forecast and evaluate the liquidity impact to low point tenor and the binding scenario based on business forecast and Treasury actions
  • Explain daily volatility amongst different metrics (e.g., Stress test, LCR, NSFR, long term funding concentration, Long Term Funding Analysis, liquidity metric/limit/threshold breach, B/S recon, box recon); understand the modeling deviation between Group and local, while being the central contact for liquidity related questions and will be responsible for providing scenario analysis and proposing solutions for ad hoc business & Treasury projects
  • Own communications with senior management on liquidity topics, prepare and present liquidity updates in management meetings (e.g., ALCO, RiskCo, LRC, Fed calls)
  • Maintain and develop internal liquidity tools (e.g., USLM Dashboard, cliff risk management, key LRD trendline analysis), in addition to managing and understanding the intra-day liquidity exposure and propose intra-day remediation and enhancement solutions to Treasury and Business. Take ownership on intra-day modeling and FTP process (via changes/refresh of consumption-based charging)
  • Support the development, enhancement, and maintenance and review of methodologies for internal liquidity stress test (ILST) and actively participate in discussions with Liquidity Risk Management (LRM) and Model Risk Management (MoRM) functions in documenting and validating risk drivers
  • Assess the liquidity impacts related to new products and businesses, lead discussions with LTRA, LRM and other teams regarding liquidity position and liquidity models (e.g., Liquidity Risk Drivers (LRD) movements, drill down analysis, trendline); understand front-to-end data flow for each model and be aware of the adjustments in ILST and other liquidity reporting, and liaise with the Group teams across US and Europe to ensure consistency in standards and Liquidity practices
Skills You'll Need
  • Moderate experience in the financial services/banking industry
  • Relevant experience in Liquidity Management or Treasury
  • Bachelor's degree in finance, economics, or related fields
Skills That Will Help You Excel
  • Strong communication skills - both verbal and written including diplomacy and ability to influence others
  • Strong analytical skills - ability to synthesize and present data in consumable formats and present to senior management
  • Willingness to take ownership and execute on deliverables
  • Understanding of key banking regulations (e.g., Dodd-Frank, Regulation YY, etc.)
  • Ability to execute against tight deadlines and remain agile to evolving requirements
Expectations

It is the Bank's expectation that employees hired into this role will work in the New York office in accordance with the Bank's hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $100,000 to $142,250. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Deutsche Bank Values & Diversity

We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds, and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life

The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank's California Privacy Notice, please email HR.Direct@DB.com .

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That's why we are focused on providing benefits and perks that enable our colleagues to live authenti-cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

Click these links to view the following notices: EEO is the Law poster and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision

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Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision .

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