Corporate Treasury – Resource Deployment & Strategy – Analyst– New York

Corporate Treasury plays a central role in the firm’s overall strategy with responsibility for providing appropriate funding to support all firmwide activity while maximizing net interest income. The division raises funding and capital via public and private markets, allocates financial resources to facilitate client activity/ strategic initiatives, and dynamically manages the firm’s asset-liability risk and liquidity portfolio. Corporate Treasury actively engages with public and private capital markets, ratings agencies, regulatory agencies, and internally with the firm’s business lines.

Who we look for:

Professionals in Corporate Treasury have an analytical mind set, exhibit intellectual curiosity and are from diverse academic backgrounds. We’re looking for candidates who will thrive in a dynamic environment where attention-to-detail, multitasking and time management skills are essential.

The division is ideal for collaborative individuals with strong quantitative skills, intellectual curiosity, and a commercial yet risk-conscious mindset. Working in the Corporate Treasury division, you will have exposure to all aspects of the firm, including new business activities and critical strategic programs. Strong communication and interpersonal skills are necessary to work successfully with internal and external stakeholders including leadership of the firm’s business lines, its creditors, regulators and external counterparties.

About the Role:

Within Corporate Treasury, Resource Deployment and Strategy (“RDS”) is a unique opportunity for individuals at all levels to manage the firm’s balance sheet from both an asset and liability perspective and directly contribute to executing the firm’s strategy. Working closely with the Global Treasurer and other members of senior management, RDS is responsible for the design and execution of the firm’s central funding plan as well as the primary point of contact for all business lines through Treasury’s global “business coverage” model. The team is responsible for managing and executing the firm’s debt and preferred equity program, growth and diversification strategy for the firm’s deposit portfolio, and partnering with senior divisional resource managers to efficiently deploy the firm’s balance sheet in support of the firm’s strategic objectives. The team seeks to optimize the firm’s funding mix to minimize cost in a risk-conscious manner, and is a key participant in decision making regarding the allocation of firm liquidity.

RDS’ approach to asset-liability management is both holistic and practical; individuals who excel in this role are equally adept at detailed trade-level recommendations and strategic thinking, and are expected to develop deep knowledge of the funding products raised within Treasury, as well as the underlying business and client activity supported by that funding.

RESPONSIBILITIES AND QUALIFICATIONS

Individuals are expected to contribute to decisions regarding liability management as well as serve as Treasury’s main point of contact with businesses which consume or generate funding

• Develop and iteratively optimize the firm’s funding liability strategy, considering cost, channel diversification, maturity concentration, and impact to key liquidity and capital metrics
• Participate directly in fundraising activities such as benchmark debt and preferred equity issuances, liability management (buybacks, tenders, etc) on existing unsecured debt
• Drive growth in Corporate Treasury’s Deposit Sweeps program through active client engagement, deal structuring, and negotiation of new funding contracts
• Build models, develop analytical frameworks, and conduct scenario analysis to help inform marginal liability management and resource allocation decisions based on liquidity availability, marginal costs, return profile, and franchise benefits
• Partner with key stakeholders in Global Banking and Markets, Asset and Wealth Management, and Platform Solutions to deploy the firm’s balance sheet, facilitate new product launches, and oversee deposit pricing decisions
• Develop reporting for, and present analyses of, firmwide and subsidiary-level funding plans, for use by internal and external stakeholders, including firmwide senior management, regulators, and investors
• Engage with external stakeholders including regulatory agencies, ratings agencies, and funding counterparties in various forums
• Develop meaningful partnerships with internal stakeholders; develop tools to enhance decision-making capabilities

Basic qualifications:

• Excellent analytical skills, with ability to formulate problems, test hypotheses, and condense complex problems into plain language
• Experience managing and interpreting large amounts of data, and analyzing the output to identify trends and present solutions through business intelligence tools such as Tableau
• Functional understanding of financial institution financial reports, Bank Holding Company (BHC) and subsidiary liquidity and capital requirements such as the LCR, NSFR, and G-SIB surcharge
• Strong written and oral communication skills with ability to produce polished presentation materials for senior executives
• Strong teamwork and interpersonal skills
• Highly-motivated, detail-oriented self-starter who is comfortable operating in a fast-paced environment and balancing multiple priorities