Liquidity Risk Senior Associate

Location:

ABOUT THE JOB (JOB BRIEF):

Market and Treasury Risk Management (MRTM) team, under the guidance of the Chief Market and Treasury Risk Officer, within the Risk Management organization is responsible for the second line of defense independent risk management oversight for the market risk (banking book and trading book), the liquidity risk and capital. Corporate Treasury Oversight (CTO) team within Market Risk, provides oversight over interest rate risk (IRR), liquidity risk, capital, investment portfolio, and derivatives hedging portfolio. The team performs a broad range of analysis and provides review and challenge to Treasury activities and strategies.

The individual in this role will report to the Head of Liquidity Risk Oversight and work closely with the Liquidity Risk team and other members of the CTO team to support the independent oversight function with a primary focus on liquidity risk. The individual in this role is expected to lead initiatives and guide associates that perform a broad range of analysis to support the liquidity risk oversight functions. The individual will evaluate current liquidity risk management processes including, but not limited to Internal Liquidity Stress Testing (ILST), Cash Flow Forecasting, Risk Metrics, Limit Calibration, Review and Challenge Activities, and others. As part of the CTO team, the individual will monitor Corporate Treasury activities, analyze trends, identify emerging risks, and strengthen our oversight function.

The Liquidity Risk - Senior Associate is primarily responsible the formulation of hypotheses, translation of data, design/measurement of experiments and generation of insights to inform business decisions by using various data mining techniques. The Senior Associate uses data to perform more complex diagnostic analyses to provide answers to questions such as "Why did it happen?" and "What action can I take?" Through the use of cross-functional reporting and execution of complex analyses, mapping out processes and applying necessary controls, the Senior Associate identifies trends and outliers and suggest solutions to resolve business challenges or implement process improvements. Success criteria include: leveraging business acumen, critical thinking, industry knowledge, trends, and anticipation of business need to inform analyses and recommendations; leading conversations with business partners and effectively communicate with all stakeholders; and providing solutions based on an understanding of impacts / intersections with other business partners and lines of business.

ESSENTIAL JOB FUNCTIONS:

• Leverage prior work experience in risk management and knowledge of financial markets, liquidity risk concepts, and regulatory expectations to improve CTO's risk management practices and review and challenge capabilities aiming to establish industry best practices.
• Lead the independent reviews of the key assumptions impacting risk metrics.
• Ensure effective independent oversight and alignment with regulatory requirements.
• Maintain documentation of processes and procedures according to Key's corporate standards and support Market Risk processes
• Study regulatory requirements pertaining risk management practices.
• Provide input with addressing basic business/analytical problems and challenges.
• Provide moderate to more complex analysis and reports
• Leverage critical thinking and business acumen to develop insights, deliver analysis, and provide solutions to increasingly more complex business problems
• Develop and deliver presentations that include the right data and "tells the right story" to business partners
• Identify and anticipate business need, understand how to obtain information
• Make process improvement suggestions
• Effectively communicate key points to respective stakeholders, with the right amount of detail
• Review work product of junior staff; provide input, direction, and mentorship
• Lead conversations with business partners

REQUIRED QUALIFICATIONS:

• Master's degree in Analytics, Computer Science, Economics, Finance, Financial Mathematics, Statistics, or the Natural Sciences and 3 years of relevant experience; or Bachelor's degree in Computer Science, Economics, Finance, Financial Mathematics, Statistics, or the Natural Sciences and 5 years of relevant experience
• Prior experience in liquidity risk management or independent oversight of liquidity risk management practices
• Solid understanding of the following concepts including but not limited to Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), 2052a reporting, High Liquid Asset Portfolio (HLAP), Wholesale funding.

• Proficient with:
  • Microsoft Excel / PowerPoint
  • Query writing/coding including complex joins
  • Data visualization
  • Analytical programming languages
• Knowledge of:
  • Source systems
  • Process flow
• Skill & ability to:
  • Work with big data
  • Navigate data warehouse and/or data supply chain

EXPECTED COMPETENCIES:

• Communication: Solid written and verbal communication skills; organizes material for brevity, persuasiveness, and impact; Effectively communicates key points to respective stakeholders, with the right amount of detail; Proactively shares information beyond those at the table who may have a need to know; Comfortable in situations where conflict is present; Demonstrated presentation development and delivery skills; Ability to create presentations that include the right data/information and tell the right story
• Leadership: Emerging leader across team; Serves as a role model - may coach and develop others; Provides direction / mentorship to junior staff
• Partnering / Influencing: Proven relationship building ability; Strong interpersonal skills; Can lead the conversation with business partners; Sought out to by business partners and team members; May coach and develop relationship building skills in others; Developing comfort with influencing and consulting typically with mid-level leaders
• Business Acumen: Understands assigned LOB strategy; Knows our industry, competition, and competitive environment; Possesses intellectual curiosity; Understands key drivers of financial results and business impact; Developing understanding of how business works
• Critical Thinking / Problem Solving: Leverages critical thinking and business acumen to provide solutions to increasingly more complex problems; Ties work with understanding of impacts / intersections with other business partners / LOB; Aware of potential pitfalls with each recommended solution; thoroughly vets and thinks through options before making a decision

COMPENSATION AND BENEFITS

Please click here for a list of benefits for which this position is eligible.

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

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