Who we are

The individual will be part of the Liquidity Methodology and Analytics team within the Global Liquidity Management (GLM) function, which is part of State Street’s Global Treasury (GT) department.

The GLM team is responsible for establishing and maintaining effective liquidity management and liquidity risk management frameworks and processes globally across all lines of business and legal entities within State Street. The GLM team ensures proper measurement, reporting and monitoring of liquidity risks across the firm in line with regulatory expectations and established internal risk appetite. The GLM team partners with stakeholders from business, risk, data, and technology teams as well as the firm’s Asset and Liability Committee (ALCO) to drive initiatives that improves State Street’s liquidity position and liquidity risk management practices. The GLM team also interfaces with regulators and industry groups on liquidity matters.

What you will be responsible for

In this role, the individual will be responsible for:

Assisting in the development, maintenance, and documentation of scenario narratives as well as methodologies and assumptions related to specific products within:Firm-wide Internal Liquidity Stress Tests (ILSTs)Firm-wide Resolution Liquidity Adequacy and Positioning (RLAP) and Resolution Liquidity Execution Need (RLEN)Firm-wide Regulatory Liquidity Stress Tests (RLSTs), namely U.S. LCR and U.S. NSFR, such as Operational Deposits methodology. Assisting in the development, maintenance and documentation of interpretations related FRB’s reporting instructions for FR2052a and Regulation WW (U.S. LCR and U.S. NSFR).Assisting in the development and maintenance of firm’s comprehensive liquidity risk inventory and its interlinkages with RLSTs, ILSTs, RLAP, RLEN and other liquidity risk framework. Engaging with stakeholders in business, data, and technology teams actively and in partnership with firm’s Central Modeling Analytics (CMA) team to collect and analyze internal and external data and formulate calibration proposals.Facilitating an iterative review and challenge of the interpretations and assumptions by Global Treasury Risk Management (GTRM) and validation of models by Model Validation Group (MVG) Assisting in the development of recommendations for new or changes to liquidity methodologies and assumptions to senior management and senior governance forums. Partnering with the data, technology, and operations team in implementing the approved interpretations, methodologies, and assumptions within firm’s enterprise infrastructure Actively syndicating the impact of the changes to all impacted stakeholders across business, legal entity, and risk. Assisting in the formulation and presentation of responses related to scheduled or ad-hoc regulatory meetings or exams and requests from senior management and the board of directors. Assisting the re-design of firm’s reporting and analytical capabilities related to daily FR2052a, RLSTs and ILSTs to improve explainability of the firm’s liquidity metrics. Assisting in the maintenance and re-design of the processes related to firm’s short-term and long-term cash flow forecasting. Supporting businesses in the liquidity risk assessment of new products and evaluate recommendations for liquidity optimization.

Qualifications and Specialized Skills

A bachelor’s degree in finance, economics, business administration, accounting, computer science or information systemsAdvanced degree is a plus.4-5 years of relevant experience in the treasury, risk, analytics, or model development groups within a bank, with demonstrated track record of financial analytics, modeling and quantitatively supporting management decision-making.Experience within a G-SIB or an FBO is a plus.Working knowledge of the liquidity regulatory landscape (e.g., Reg WW, Reg YY, RRP Guidance)Prior involvement in ILST or cashflow forecasting re-design and regulatory exams is a plus.Advanced MS Office skillsWorking knowledge of one or more of these tools - SQL, PL/SQL, VBA, R, SAS, Python, Spotfire, PowerBI, Tableau are a plus.Basic knowledge in programming or experience with collaborating with programmers – especially experience with clear definition of implementation requirements is a plus. Strong written, verbal communication and time management skillsAbility to multi-task and manage priorities while maintaining focus on priorities and meet deadlines in a demanding and deadline-oriented environment.Ability to proactively resolve issues by collaborating with other teams.Experience in preparing presentations for executive management and regulators.Must be detail-oriented, well-organized, innovative, and a self-starter and team player with a high-level of initiative.

What we offer as development opportunity

Unique opportunity to be part of the growing team that is leading a front-to-back transformation of a U.S G-SIB’s liquidity risk management processes, while gaining exposure to the firm’s entire line of business and products globallyExposure to interact with and present to senior management, industry peers and key regulators.Become a subject matter expert (SME) in liquidity risk management, liquidity stress testing and liquidity regulations, preparing the individual for a future leadership role in Treasury/ Finance.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:

$80,000 - $132,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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