Truist Liquidity Risk Manager 

United States, North Carolina, Charlotte 

333801325

Regular or Temporary:

English (Required)

1st shift (United States of America)Please review the following job description:

**Must be willing to sit in-office 4 days a week (1 day remote)**

• Charlotte, NC

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.

The Liquidity Risk Manager role is responsible for the management critical processes delegated to the Corporate Liquidity Risk Management team. This includes the calculation/ reporting/ monitoring/ forecasting key liquidity metrics, performing liquidity stress testing and risk identification process, ownership of the contingency funding plan, leadership of special projects, as well as the implementation of any technical/ regulatory changes. Role may also include management of a team of liquidity risk professionals. Primary responsibilities range and may include:

1. Management of the Stress Testing and Risk Identification Process, including:

• End-to-end execution of monthly Internal Liquidity Stress Testing process as required by Regulation YY, including governance relating to assumption analysis, ad hoc scenario design, and related management reporting.
• The Liquidity Risk Identification process, which entails coordinating internal/ external subject matter expert feedback, analysis of internal and peer results/ industry trends, and application of relevant liquidity risk management regulatory requirements.
• End-to-end execution of the monthly Parent Company Cash Coverage analysis.

2. Management of the Liquidity Metric Reporting Process, including:

• Management of the end-to-end execution of the daily liquidity metric calculation and reporting for Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), and (daily) liquidity risk limits, and the periodic external/ public reporting of liquidity related metrics (e.g. LCR/ NSFR public disclosure, SEC filings, Earnings releases). This includes full understanding of the metrics and the related systems/ processes.
• The execution of the calculation and reporting of monthly liquidity risk limits (including full understanding of metrics and systems/ processes) and the annual risk limit metric selection and calibration exercise.
• The compilation of liquidity risk management materials Market Risk Liquidity and Capital Committee (MRLCC) meetings, MRLCC subcommittees meetings, Board of Director and Board Risk Committee meetings, and/or Executive Leadership meetings. The creation and delivery of effective and concise presentations to executive management covering complex and detailed analysis on various liquidity risk related topics and/or strategies.

3. Stewardship of Liquidity Risk Management Governance, including:

• Prepare for potential funding stress through the development of a Contingency Funding Plan (CFP), Early Warning Indicators (EWI); and coordinate the Liquidity Crisis Management Team in the event of a stress event. Lead the daily reporting of the overall CFP/ EWI Status. This is accompanied with the daily completion of the Early Warning Indicator (EWI) Dashboard.
• Prepare and coordinate the forecasting of key liquidity metrics, including the daily forecast for the month-end estimate of the Liquid Asset Buffer (LAB) and LAB Coverage Ratios and the long-term LCR, LAB Coverage Ratio, and risk limit projections.
• Ownership of governance for the key responsibilities assigned, including execution of controls and the management of related policies/ methodologies/ and procedures.

4. Management of the Execution of Liquidity Risk Strategy and Other Critical Functions, including:

• The development and execution of strategy surrounding the management of liquidity risk at Truist Financial Corp and its subsidiaries (including Truist Bank). This includes assisting treasury in meeting its objectives, while considering key liquidity metrics and Truist’s risk appetite.
• Effectively identify and implement restructuring and optimization objectives. Lead the implementation of regulatory and/or technical changes.
• The completion of the annual FRB Daylight Overdraft and Net Debit Cap Self-assessment and assist with the Liquidity Portions of the Comprehensive Capital Analysis and Review (CCAR) exercise.
• Work with internal and external partners identifying and monitoring risk, including Truist Risk Management Organization (RMO), Finance Business Unit Risk Manager (BURM), and Truist Audit Services (TAS). This includes assisting in the remediation of any identified issues.
• Lead periodic Regulatory exams, including FRB Horizontal Liquidity Review (HLR) and the FDIC Corporate Treasury Target Exam.

5. Coordinate the development of the Corporate Funding plan that achieves TFC’s funding objectives, capital targets, compliance with regulatory and internal liquidity metrics, safeguards parent company stress coverage, and supports rating targets (e.g. Moody’s, S&P, Fitch).

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. BS/BA degree or higher in finance, accounting, business administration, or economics.
2. 10+ years of financial services experience
3. 7+ years in an analyst or reporting role within finance or accounting
4. 3+ years of Liquidity Risk Management or similar experience (either within Corporate Treasury or similar second-line of defense role)
5. 3+ years leading projects and 2+ years managing direct reports with proven ability to delegate and lead team of professionals
6. Strong understanding of the key tenets of Liquidity Risk Management (RegYY, RegWW, relevant SR Letters)
7. Strong presentation and communication skills
8. Ability to work effectively, as well as independently, in a team environment
9. Familiarity with ALM, Capital, Corporate Funding, or Investment Securities Portfolio Management
10. Strong masterly of Microsoft Office suit including Word, PowerPoint, Excel, and Visio

Preferred Qualifications:

1. A Masters of Business Administration (MBA) or Chartered Financial Analyst (CFA) Designation.
2. Prior experience in Risk Management role and leadership role
3. General ledger and/or SAP experience