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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

The Corporate Liquidity Risk Management team is responsible for managing the liquidity risk of Truist Financial Corp (TFC) and its subsidiaries (e.g. Truist Bank, Truist Securities) by maintaining compliance with Truist’s liquidity risk appetite. Furthermore, the Liquidity Risk Management team works closely with business partners from Capital Management, the Investment Securities Portfolio, Corporate Funding, and Asset-Liability Management (ALM) to develop and execute strategies supporting the treasury function in meeting its objectives with consideration given to key liquidity metrics.

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 Officer role within the Corporate Liquidity Risk Management team is responsible for the execution of the liquidity risk governance, risk identification, and strategy of Truist via the calculation/ reporting/ monitoring of key liquidity metrics. Primary responsibilities include:

Stress Testing and Risk Identification

1. 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.
2. Assist with leading 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. 
3. End-to-end execution of the monthly Parent Company Cash Coverage analysis

Liquidity Metric Reporting

1. Lead 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 systems/ processes used to calculate each.
2. 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. 
3. 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.

Governance

1. 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.
2. 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. 
3. Ownership of governance for the key responsibilities assigned, including execution of controls and the management of related policies/ methodologies/ and procedures.

Strategy and Other

1. Assist with leading 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 the treasury function in meeting its objectives, while considering key liquidity metrics and Truist’s risk appetite.
2. Effectively identify and implement restructuring and optimization objectives.
3. Lead the completion of the annual FRB Daylight Overdraft and Net Debit Cap Self-assessment. 
4. Assist with the Liquidity Portions of the Comprehensive Capital Analysis and Review (CCAR) exercise
5. 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.
6. Assist with periodic Regulatory exams, including FRB Horizontal Liquidity Review (HLR) and the FDIC Corporate Treasury Target Exam.
7. Assist with 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).

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. 7+ years of financial services experience 
3. 5+ 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. Proficient understanding of the key tenets of Liquidity Risk Management (RegYY, RegWW, relevant SR Letters) 
6. Strong presentation and communication skills 
7. Ability to work effectively, as well as independently, in a team environment 
8. Basic familiarity with ALM, Capital Management, Corporate Funding, and Investment Securities Portfolio Management 
9. Strong masterly of Microsoft Office suite 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 LRM experience 

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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