The Treasury and Chief Investment Office (TCIO) sits at the very centre of the firm and directly influences the composition of the Firm’s balance sheet and the activities of its four main LOBs: Asset Management (AM), Commercial Banking (CB), Corporate & Investment Bank (CIB) and Consumer & Community Banking (CCB).
TCIO is responsible for firmwide asset and liability management, including:
- Aggregating and managing the interest rate risk of the firm’s four main lines of business (LOBs), primarily through a global investment securities portfolio
- Managing the firm’s funding and liabilities through long-term debt and preferred stock issuances, and managing billions of short-term cash deployment activities
- Aggregating and managing the firm’s liquidity risk, including deploying the firm's excess liquidity and overseeing compliance with both internal and regulatory liquidity requirements
- Using funds transfer pricing to distribute the cost of hedging LOB interest rate and liquidity risk exposures and to allocate the cost of preferred stock and long-term debt issuance to the LOBs
- Managing the end-to-end risk-weighted asset (RWA) and capital measurement processes across the firm, ensuring efficient and appropriate management of firm capital, and managing the Firmwide Capital Stress Testing process
- Aggregating and managing the firm's structural foreign exchange risk
Business Management optimizes business performance by helping to drive key initiatives. The team acts as trusted advisors to the business, and they are responsible for identifying, escalating, and mitigating business risks.
As a successful candidate, you will be based in London working with Front Office, Finance, Middle Office, Risk functions and other critical areas to support the business as we upgrade processes, technology systems and regional coverage whilst adapting to the changing regulatory environment. Finance and controller experience, demonstrating importance of ledger integrity, discipline, and timeliness, is a critical skillset for this role.
The emphasis is on partnership both within TCIO and with the rest of the bank and candidates must demonstrate the confidence to challenge the business, partners and stakeholders. Communication and keeping relevant stakeholders briefed at all times is another key attribute.
Job Responsibilities:
- Coordination of impact assessment of regulatory change to TCIO, including appropriate governance and Senior Management Function support
- Management reporting - general MIS scorecards, project and business performance analysis
- Preparation of presentations for regulators, internal governance forums, town halls, offsites
- Support of Continental European Front Office requirements
- Support in maintenance of Front Office procedures
- Support Front Office registration and licensing actions
- Support TPO (Third Party Oversight) and outsourcing process for TCIO
- Support TCIO Front Office technology agenda
- Market data costs monitoring
- Support of LOB New Business Initiative Assessments (NBIAs) and due diligence processes for Treasury funding including ownership of EMEA TCIO driven NBIA’s
- Support TCIO new business initiatives, including development and analysis
- Coordination of activities between Front Office, Middle Office, Liquidity, Operations and Cash Management
- Focal point for LOB relationships with CIB, AM, CB and CCB
Required qualifications, capabilities, and skills:
- Solid understanding of financial accounting and finance
- Good knowledge of financial markets and instruments such as securities, money markets, IRS, FX and payments
- Excellent written and verbal communication skills; ability to articulate complex issues in a clear and concise manner
- Display strong stakeholder management - should be able to communicate and liaise with all levels of management and across functions
- Capable of prioritizing multiple tasks and deliverables and meeting recurring deadlines
- High motivation and ability to quickly climb a steep learning curve
- Ability to work on multiple tasks in parallel
- Strong project mindset - able to identify solutions and execute to conclusion with thoughtful analytical skills
- Background of working within a product or business management background beneficial
- Good level of understanding of core bank technology useful