Head of Liquidity Management

DescriptionAt Equitable, our power is in our people. We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential?The Head of Liquidity Management is a strategic role responsible for overseeing liquidity management policy and activities across various subsidiaries of EQH (Equitable Holdings). The primary objective is to efficiently manage liquidity at the enterprise level while serving as a strategic partner for advising optimal liquidity and banking setups for new product launches or enterprise transactions. This role also involves being the main point of contact for cross-organizational interactions with Alliance Bernstein's treasury function, as EQH has a majority ownership in Alliance Bernstein.Here are the key responsibilities of the Head of Liquidity Management:Setting target cash balances: The Head of Liquidity Management is responsible for determining the target cash balance for different EQH entities, ensuring a balance between income generation and liquidity needs.Liquidity stress testing: Developing and implementing a liquidity stress test framework for various legal entities within EQH to assess and manage liquidity risk effectively.Optimizing liquidity management: Assessing and implementing solutions to optimize liquidity management, such as credit facilities, internal-company notes and collateral optimization.Cash forecasting and modeling: Focusing on cash forecasting and modeling to improve accuracy and reliability, which helps in strategic decision-making.Staff development and operational efficiency: Developing staff members and implementing strategies to optimize operational efficiency within the liquidity management function.Cash processing and custodian banking activities: Overseeing the effective management of cash processing and custodian-related banking activities.Additionally, the Head of Liquidity Management plays a role in managing EQH's funding agreement program and collaborates with other areas of the Treasury function, including Capital Markets and Capital Management, to align liquidity management strategies with overall strategic priorities.The role involves close collaboration with various teams, including the investment team, Alliance Bernstein (AB), capital markets, accounting, and business teams. The Head of Liquidity Management also manages relationships with liquidity solution banks, cash management and custodian banks.Key activities associated with this role include:Recommending short-term investment strategies to optimize liquidity management.Overseeing the liquidity stress test and liquidity forecast processes.Recommending EQH liquidity management policies and collaborating closely with the capital markets team on liquidity-related initiatives.Overseeing security lending and commercial paper programs, as well as collaborating with the capital market team on overall funding agreement program management.Managing the budget for enterprise cash management bank fees and ensuring competitiveness and alignment with industry benchmarks.Working closely with Alliance Bernstein's Treasurer to provide guidance on enterprise cash and debt leverage ratio management.Providing oversight for the treasury cash desk.Collaborating closely with the broader Treasury team on hedging, capital structure optimization, and balance sheet management.Serving as an expert to provide insights on liquidity and banking implications for enterprise transactions and initiatives.The total targeted compensation range for this position is $212,000 - $297,000. Total compensation varies based on skills, experience, geographical location and other factors.For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.Equitable Pay and Benefits: Equitable Total Rewards ProgramQualificationsRequired Qualifications:Bachelor's degree in Finance, Accounting, Economics, or equivalent work experience.5+ years of experience with management responsibility in the insurance industry focusing on liquidity management and Corporate Treasury role.Established knowledge of liquidity management, cash management, short-term investment markets, debt markets (commercial paper) and banking products.Experience with liquidity management in a life insurance company profile, including hedging and collateral activities, investment and borrowing activities.Preferred Qualifications:Ability to operate independently and confidently in a cross-functional coordination and leadership role, preferably within a treasury department environment.Demonstrated collaborative, process improvement and automation skills.Ability to prioritize, maintain effectiveness, manage multiple projects, and thrive in a fast-paced and dynamic environment.Proven verbal, written communication, and presentation skills for senior management audiences.Established skills in Microsoft Office Suite applications, specifically Excel.Overall, the Head of Liquidity Management plays a critical role in ensuring effective liquidity management, optimizing income, and managing liquidity risk within EQH and its subsidiaries.SkillsLiquidity Management: Knowledge of liquidity management; ability to utilize the tools, techniques, and acceptable business practices associated with managing a client's short-term cash position for optimum benefit.Liquidity Risk Management: Knowledge of processes, tools, and techniques used to determine the degree of liquidity risk in a financial institution; ability to identify, measure, monitor and control the institution’s exposure to liquidity risk.Strategic Thinking: Knowledge of the importance of "big picture" thinking and planning; ability to apply organizational acumen and competitiveness to identify and maintain focus on key success factors for the organization.Treasury Management: Knowledge of the principles and methods of managing treasury; ability to use tools, techniques and processes to maximize the value of an organization's financial assets and revenue while minimizing risk.Banking Strategy Management (BSM): Knowledge of banking strategy management (BSM); ability to use various management techniques and approaches to develop, implement, and evaluate effective banking strategies that impact overall banking operations.Cash Management: Knowledge of the principles and methodology of cash management; ability to use tools, techniques and processes to administer and invest short-term financial inflows and outflows.Financial Reporting: Knowledge of processes, methods, and tools of financial reporting; ability to create and maintain accurate and thorough financial reports.Institutional Finance: Knowledge of finance, financial methods, tools and strategies; ability to employ them in private and public corporations.Investments: Knowledge of the investments business; ability to analyze and evaluate asset types, market and industry trends, major issues, and regulatory considerations.Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change.ABOUT EQUITABLE At Equitable, we’re a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.We turn challenges into opportunities by thinking, working, and leading differently – where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose. **********Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.NOTE: Equitable participates in the E-Verify program.If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at TalentAcquisition@equitable.com.#LI-HybridOrganization: EquitableSchedule: Full-time