Senior Manager, Capital Management & Stress Framworks (Hybrid role with ideal person living in NYC, San Fransisco or Salt Lake City area) - With a market cap of ~$20B and whose stock price doubled in 2024, our client serves over 10 million customers, and offers loans, banking, investing and credit cards in an all-in-one financial ecosystem. While competing with firms such as Capital One, Revolut, Coinbase, Fidelity, Robinhood, LendingClub, Ally Bank, it is the only firm that offers the services offered by each of these firms under one ecosystem. With ~10,000 employees, it's headcount grew by ~15% in 2024. Total compensation $200k to $250k+ plus stock options.
Position Overview
Our client is seeking a seasoned Treasury leader to oversee the Capital Management & Stress Frameworks and its subsidiaries (both bank and nonbank). This role will have responsibility for balance sheet management associated with firm wide capital & liquidity risks. The successful candidate will play a critical role in optimizing capital structure, ensuring liquidity resilience, and aligning the bank’s financial strategy with regulatory requirements and organizational goals.
Key Responsibilities
Capital Management Framework:
Develop, implement, and maintain the bank’s comprehensive capital management framework, ensuring alignment with strategic goals, regulatory requirements, and risk appetite.
Lead the capital planning process, including stress testing and scenario analysis, to assess and ensure capital adequacy under various economic and operational conditions.
Optimize the capital structure, including Tier 1 and Tier 2 capital, and oversee capital allocation strategies that support business growth.
Liquidity Stress Methodology & Framework:
Develop and manage the bank’s liquidity stress testing framework & product methodologies, integrating it into the overall risk management and financial planning processes.
Establish methodologies for assessing liquidity risk under normal and stressed scenarios, ensuring alignment with regulatory expectations and best practices.
Evaluate the effectiveness of contingency funding plans and recommend enhancements to strengthen liquidity resilience.
Regulatory Compliance:
Ensure compliance with capital and liquidity regulatory requirements & industry best practices.
Prepare and submit regulatory reports and maintain productive relationships with regulators through transparent and effective communication.
Aligning Stress Testing & Scenario Analysis:
Coordinate enterprise-wide stress testing exercises across the capital and liquidity frameworks, consider opportunities for alignment & deviation
Assess the impact of macroeconomic, idiosyncratic, and systemic risks on the capital and liquidity positions.
Use stress testing results to inform strategic decision-making, identify vulnerabilities, and guide risk mitigation actions.
Risk-Weighted Asset (RWA) Optimization:
Evaluate RWA calculations and their impact on capital and liquidity requirements, identifying opportunities to optimize RWA without compromising risk controls.
Leadership and Collaboration:
Lead and mentor a team of professionals in capital management and liquidity stress testing methodologies.
Collaborate closely within Treasury and cross functionality with Finance, Risk Management, Controls, Audit, Credit, and Business Units to ensure frameworks remain in line with the client's risk profile.
Qualifications
Bachelor’s degree in Finance, Economics, Accounting, or a related field; MBA, CFA, CTP, or FRM designation strongly preferred.
10+ years of experience in capital management, liquidity stress testing, or a related financial discipline within a banking environment.
In-depth knowledge of regulatory capital and liquidity frameworks, including Basel III, CCAR/DFAST, LCR, and NSFR.
Demonstrated expertise in developing and managing risk identification evaluations, stress testing methodologies, liquidity risk assessments, and RWA optimization strategies.
Strong analytical and strategic thinking skills with a proven ability to influence decision-making at the executive level.
Excellent leadership, communication, and interpersonal skills, with experience managing cross-functional teams.