Liquidity Risk Management Specialist

2 weeks ago


New York, New York, United States CLS Group. Full time
About CLS Group:

CLS Group stands as a pivotal entity within the global foreign exchange (FX) ecosystem. With a vast network of counterparties relying on our services, we enhance the safety, efficiency, and cost-effectiveness of FX transactions. Each day, our systems facilitate the movement of trillions of dollars in currency.

Founded by market participants for the benefit of the market, our unparalleled global settlement infrastructure minimizes systemic risk while providing standardization for those engaged in some of the world's most actively traded currencies. Our innovative approach to multilateral netting significantly reduces funding requirements, on average by over 96%, allowing clients to allocate their capital and resources more effectively.

Our suite of products is crafted to empower clients in managing risk throughout the entire FX lifecycle, whether through advanced processing tools or market insights derived from the largest single source of executed FX data available.

At CLS, we are committed to making a positive impact, starting with our workforce. Our core values - Protect, Improve, Grow - guide our actions and foster a supportive and inclusive workplace where everyone is encouraged to think openly and innovatively.

Key Responsibilities:

Strategic:

• Ensure adherence to Model Risk Policy requirements for liquidity and market risk models.

• Educate CLS settlement members on liquidity and market risks associated with the CLSSettlement at both platform and member levels.

Operational:

• Conduct ongoing monitoring of models and enhance documentation for liquidity and market risk models in line with Model Risk Policy.

• Prepare materials for bilateral meetings with settlement members to discuss liquidity impacts under stressed conditions.

• Develop materials for reporting and Risk Control Self-Assessment (RCSA) processes.

Leadership:

• Communicate ideas effectively in group settings and influence peers.

• Simplify complex concepts for clear understanding.

• Present analyses and findings to the liquidity risk management team and senior leadership.

Qualifications:

• 3-5 years of experience in banking, consulting, or financial institutions, preferably in risk management.

• A Master’s degree in a quantitative field, finance, or economics is required.

Skills and Competencies:

• Strong quantitative skills with experience in financial analytics and risk methodologies.

• High attention to detail and commitment to delivering quality work.

• Excellent critical thinking and problem-solving abilities.

• Proficiency in SQL, R, and Excel VBA; knowledge of Python is a plus.

• Ability to interpret, manipulate, and analyze large datasets effectively.

Personal Attributes:

• Strong technical writing and communication skills.

• Quick learner with the ability to grasp new concepts swiftly.

• Self-motivated and dedicated to completing assigned tasks.

• Capable of providing and receiving constructive feedback.

• Ability to work independently or collaboratively across functional teams.

• Continuous improvement mindset.

Our Commitment to Employees:

At CLS Group, we value diversity as one of our greatest strengths. We strive to create an environment where everyone feels comfortable being themselves, and where inclusion is paramount. Our employees benefit from a range of inclusive offerings, including generous holiday allowances, parental leave policies, wellbeing resources, and opportunities for professional development.

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