Citizens · 2 months ago
Market Risk Manager
28 State Street, Boston, MA, 02109, US
Full-time
Hybrid
Senior Level
$141K/yr - $176K/yr
5+ years expCitizens is a financial institution seeking to hire a Market Risk Manager to join their Enterprise Market Risk Management team. The role involves providing independent oversight of liquidity risk management, ensuring compliance with regulatory requirements, and collaborating with Treasury teams to enhance risk management practices.
BankingCredit CardsFinancial ServicesFinTechRetail
No H1B
Responsibilities
Provide independent second-line oversight of liquidity risk management, ensuring adherence to regulatory requirements and internal risk appetite
Supports the design and execution of review and challenge assessments of Treasury practices against regulatory and corporate expectations
Work within established timelines to deliver assessments and risk position monitoring, which are key inputs into annual program opinions
Responsible for continuous monitoring of liquidity risk exposures against limits and suggest and/or develop additional metrics and/or alternative risk views as needed
Support independent review of and provide insights and recommendations on: liquidity stress testing practices, in coordination with the team and model validation function; contingency planning; liquidity buffer composition; sources and uses of funding; among others
Identify and escalate exceptions to risk limits, policies, and procedures
Acting as a partner with Treasury identifying areas of improvement and achieve efficiencies
Effectively participate in EMRM governance and help formulate and drive EMRM strategy
Establish partnerships with the various stakeholders across the three lines of defense
Stay current on regulatory developments and industry best practices, advising on potential impacts and necessary enhancements
Qualification
Required
5+ years of experience in Treasury funding and liquidity management, Risk Oversight, or business line related functions, such as operations
Strong understanding of regulatory liquidity requirements (e.g., LCR, NSFR, contingency funding plans, etc.)
Good familiarity with funding structures and sources/channels (FHLB, repo, brokered deposits, discount window, etc.), cash flow forecasting, stress testing methodologies, etc
Experienced with Excel and SQL
Strong verbal and written communication skills are required with ability to effectively challenge and influence senior stakeholders
Ability to analyze large sets of data, workflow processes, risk profiles, and concisely summarize and/or represent effectively as management information
Bachelor's degree in finance, Economics, Engineering, or related field
Preferred
Experience related to Treasury functions in the capacity of funding/liquidity management, funds transfer pricing, capital management, or investment portfolio management is desired
Relevant professional designations (e.g., CFA/FRM) are a plus
Benefits
Comprehensive medical, dental and vision coverage
Retirement benefits
Maternity/paternity leave
Flexible work arrangements
Education reimbursement
Wellness programs
Paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States
Company
Citizens
At Citizens, we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$2B2025-02-26Post Ipo Debt· $750M
2024-07-09Post Ipo Debt· $1.25B
2014-09-23IPO
Leadership Team
Melisa Carrascoza
SVP, Business Banking Market Executive - New England South
Steve Kozek
Head of Commercial Excellence, Senior Vice President
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