Location: Atlanta,GA, USA
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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
As a senior member of the Market and Liquidity Risk Management (MLRM) team within the Risk Management Organization (RMO), provide senior management and the Board with independent quantitative and qualitative assessments of asset liability management (ALM) and/or liquidity risk management practices and risk levels. Through ongoing interactions with Corporate Treasury and Finance leadership, including as co-Chair of various governance committees, promote Truist's compliance with Board-stated risk appetite, regulatory standards, and industry best practices.
ESSENTIAL DUTIES AND RESPONSIBILITIES
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.
1. Provide ongoing oversight of the company's ALM and liquidity risk management activities, including balance sheet positions and changes, key modeling assumptions, funds transfer pricing (FTP), liquidity stress testing, investment securities portfolio strategy, off-balance sheet (derivatives) hedging, and funding strategy. Oversight activities and findings provide senior management and the Board with independent assessments of the sufficiency of risk management practices and the levels of risk. Key to this responsibility is the timely identification and escalation of any risk management weaknesses that could negatively impact the company's financial condition or performance.
2. Leverage comprehensive knowledge of Truist's business and operating model, legal structure (including broker/dealer activities) and financial modeling to provide oversight for the development and implementation of Stress Testing programs; Specific responsibilities include contributing to the development of new scenarios, providing an independent perspective on the calibration of assumptions, and (where appropriate) coordinating the quarterly Chief Risk Officer approval of the methodology and assumptions.
3. Oversight and coordination of policy development, limit calibration and compliance, and the development, calibration and maintenance of a comprehensive Market Risk and Liquidity Risk Appetite Framework. Provide periodic quantitative and qualitative assessments of risk management practices and risks to accurately reflect the company's risk profile relative to the risk appetite, corporate policies, and regulatory requirements and expectations.
4. Develop and maintain independent oversight tools (e.g. dashboards) to supplement and corroborate internal reporting from Corporate Treasury; provide escalation and challenge as warranted with regard to the risk positioning.
5. Co-chair various governance committees, including Funds Transfer Pricing (FTP), Liquidity Risk Committee and or Interest Rate Risk and Investment Portfolio Committee (IRRIPC) - which are sub-committees of the Market Risk Liquidity & Capital Committee. Develop agenda and ensure appropriate reporting, review and escalation of material risks and issues. This is a key responsibility that requires strong leadership, communication, organizational, and technical skills to ensure governance is comprehensive, timely, and transparent.
6. Requires regular engagement and interaction with Corporate Treasury personnel, subject matter experts, auditors, model risk management personnel, and the Chief Market and Liquidity Risk Officer (CMLRO) in order to maintain current and accurate knowledge about risk levels and risk management practices. Regularly interact with prudential regulators, through both business as usual supervisory discussions and through targeted exams. Maintain detailed knowledge of technical regulatory requirements to ensure that Truist's ALM and liquidity risk management programs comply with regulatory standards and industry best practices
7. Prepare comprehensive Annual Liquidity Risk Oversight and Interest Rate Risk Oversight reports, documenting MLRM's ongoing review and assessment of the Liquidity Risk Management and Interest Rate Risk Management programs and risk position. Ensure that relevant issues are appropriately escalated to Senior Management and the Board, through a written report and formal presentation to the Board Risk Committee.
8. Remain informed on macroeconomic, geopolitical, industry, and regulatory matters that could impact the company's risks and strategies. Such knowledge is essential to providing effective challenge and input to decision-making.
9. Support the CMLRO as needed on initiatives including ad hoc risk assessments, industry engagement, examination/audit preparation and coordination, staff development, new product assessments and participation in corporate programs such as risk and control assessments and corporate taxonomy management. Influence risk management decision-making as a trusted partner and resource for Senior Management within the Finance Organization. As the RMO authority on liquidity and interest rate risk, advise the CMLRO and Executive Management on all matters relating to liquidity and interest rate risk management.
10. Cultivate relationships with senior leaders at peer institutions through (among other channels) the Risk Management Association to identify emerging industry best practices. Champion adoption of best practices within Truist, and through bi-lateral interactions with peers, participation in industry roundtables and industry presentations, represent Truist with professionalism and in a manner that reinforces Truist's reputation for best in class risk management.
QUALIFICATIONS
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.
1. Four year college degree or equivalent education
2. Minimum 10 years of experience with large, complex financial institutions in a related field including Risk Management, Regulatory Oversight, Corporate Treasury, or Investment Banking in positions of increasing seniority and responsibility.
3. Comprehensive knowledge of relevant laws, regulations, and supervisory guidance. Demonstrated proficiency interpreting regulations and managing oversight programs. .
4. Extensive knowledge and experience of financial risk management, banking, capital markets and financial instruments.
5. Strong financial acumen, highly analytical and business enabler with ability to develop creative solutions to business challenges.
6. Excellent verbal and written communication skills.
7. Ability to influence outcomes and decisions across a large organization.
8. Strong ability to form and maintain key internal and external network and relationships.
9. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
10. In terms of supervision and decision making, while functioning within a highly integrated team, the position is also required to function in an autonomous capacity. This is a leadership position and the teammate is required to exercise sound judgement, and while he/she will receive guidance on unusual or highly complex issues; he/she has authority to exercise considerable latitude & judgment within defined policies, procedures and guidelines.
Preferred Qualifications:
1. Advanced degree in quantitative discipline such as economics or finance.
2. Industry certification such as Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM).
3. 15 years of experience with large, complex financial institutions in a related field including Risk Management, Regulatory Oversight, Corporate Treasury, or Investment Banking.
4. Familiarity with requirements of large scale data management and regulatory reporting initiatives (e.g. LCR/ 2052a) and ALM management and forecasting applications (e.g. QRM, Oracle).
5. Experience managing teams and developing junior resources.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.
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