Given below position details with a Leading Bank :

Role/ Job Title: ALM Specialist

Department/ Function - Retail Risk

Location - BKC Mumbai

Job Purpose:

The role holder has the responsibility to supervise the development of the bank's balance sheet from a funding (including liquidity) and capital basis, in order to provide a view on the level of liquidity risk exposure relative to established risk appetite.

Roles and Responsibilities:

Liquidity Risk Assessment:

- Assess and manage the organization's liquidity risk profile, ensuring adequate liquidity for day to-day operations.

- Analyse cash flow projections and liquidity stress scenarios to identify potential liquidity shortfalls.

- Monitor liquidity ratios, funding sources, and key risk indicators.

Risk Modelling and Reporting:

- Develop and maintain liquidity risk models to forecast potential liquidity challenges.

- Prepare and present regular reports on liquidity risk positions, trends, and forecasts to senior management and regulatory bodies.

- Recommend strategies for mitigating liquidity risks based on modelling and scenario analysis.

Liquidity Planning and Strategy:

- Work closely with Treasury to establish liquidity management strategies, including funding sources, cash reserves, and credit lines.

- Ensure compliance with regulatory liquidity requirements, such as Basel III liquidity ratios.

- Monitor market conditions and financial institutions' stability to guide liquidity management decisions.

Stress Testing and Scenario Analysis:

- Conduct liquidity stress tests under different market conditions to assess the organization's ability to manage financial crises.

- Develop contingency plans and strategies to address potential liquidity disruptions.

Regulatory Compliance:

- Stay updated on regulatory requirements related to liquidity risk and ensure the organization complies with all applicable laws and regulations.

- Liaise with external regulators, auditors, and internal compliance teams to ensure accurate reporting and adherence to liquidity regulations.

Collaboration with Other Departments:

- Collaborate with Treasury, Finance, Risk, and other departments to align liquidity risk management strategies with the organization's overall financial goals.

- Provide guidance and training to other teams on liquidity risk management best practices.

Liquidity Risk Policies and Procedures:

- Develop, implement, and update liquidity risk management policies, procedures, and controls.

- Ensure that liquidity risk management frameworks align with industry best practices and internal risk tolerance.

Education:

- Post graduation degree in Finance, Risk Management, or a related field.

- Professional certifications (e.g., FRM, CFA) are a plus.

Experience:

- At least 7-10 years of experience in risk management, with a focus on liquidity or treasury management.

- Strong understanding of financial markets, liquidity risk management, and regulatory requirements.