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MUFG Liquidity Risk Specialist at Federal Reserve Bank (FRB)

Posted in General Business 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: San Francisco, California

Job Description:

The Federal Reserve Bank of San Francisco believes in the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve.

Job Summary:

We have an excellent opportunity on the Federal Reserve Bank of San Francisco's dedicated supervisory team that provides regulatory oversight of Mitsubishi UFJ Financial Group's (MUFG's) U.S. operations. MUFG is headquartered in Tokyo, Japan and is one of the largest banking organizations in the world. U.S. operations of MUFG include significant commercial banking, investment banking, brokerage, and asset management activities. As a Liquidity Risk Management and Positions Specialist, your primary role is to monitor and evaluate funding and liquidity risk management at MUFG.

The position emphasizes ongoing monitoring and assessment of MUFG's funding and liquidity risk across several areas: company-run stress tests and supervisory stress tests (liquidity coverage ratio); buffer adequacy; funding structure and market access; risk appetite and limits; contingency funding plans; model risk management; and risk monitoring, reporting, and infrastructure. You will become a key member of the team to develop and execute a supervisory strategy for the above coverage areas.

You should possess expertise in wholesale and retail funding, the liquidity impact of derivatives and other off-balance sheet commitments, modeling of business-as-usual cash flows, and treasury operations. As well, a strong working background in enterprise risk management, corporate governance, and project management in a large bank environment is an essential complement to providing a robust supervisory assessment. Finally, you should have the ability to collaborate with other risk specialists covering operational, credit, market, legal, and compliance.

This role will be part of the Federal Reserve's national program for Large Foreign Banking Organizations (LFBOs). MUFG is subject to improved prudential standards under the Dodd Frank Act and SR Letter 12-17. The supervisory framework for the LBO and FBO program focuses on two objectives:

  • Improving the resiliency of a firm to lower the probability of its failure or inability to serve as a financial intermediary.

  • Reducing the impact on the financial system and the broader economy in the event of a firm's failure or material weaknesses.

Job Responsibilities:

  • Support the Central Point of Contact (CPC) in the development and execution of a strong supervisory program at MUFG in accordance with the Federal Reserve System's LFBO Management Group requirements.

  • Build and maintain an advanced level of expertise in liquidity risk including: existing regulatory requirements from Regulation WW, Regulation YY, and guidance from relevant SR letters including SR 10-6; proposed rules and guidance from the U.S. regulatory agencies and the Basel Committee; and best practices identified during Federal Reserve horizontal reviews.

  • Maintain a deep understanding of current industry trends, effective risk measurement and management practices, and emerging concerns that may impact MUFG's liquidity risk profile in the U.S.

  • Monitor and evaluate developments impacting MUFG's liquidity risk profile through in-depth review and analysis of internal management reports and regular interaction with MUFG's management.

  • Lead the assignment of the Liquidity rating using the Large Financial Institution (LFI) Rating System (SR 19-3). To support this objective, lead target reviews and examinations, which includes development of scope and objectives; execution of related procedures; engagement of System and Division risk groups to consider broader perspectives; and development of products that provide well-supported safety and soundness conclusions.

  • Demonstrate agility by assisting in other planned supervisory events and continuous monitoring in the areas of Capital and Governance & Controls, including the assessment of management of business divisions, independent risk, and internal audit. This will also include active participation in the annual roll-up inspection and coordinated reviews with specific emphasis on effective and timely engagement with Horizontal examination teams and System resources in arriving at well-supported supervisory assessments.

  • Ensure timely delivery of high quality supervisory work products where required.

  • Enable strong interagency coordination through collaborative work with other supervisors (OCC, FDIC, SEC, etc.) and other internal partners (i.e. within the division, Board of Governors).

Position Requirements:

  • An applicant for employment must be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen.

  • Bachelor's degree in business administration, finance, economics, or other related field is required. Advanced degree is preferred.

  • Minimum four years of direct or comparable regulatory, financial industry, consulting, and/or banking experience with a focus on liquidity risk. Seven or more years required for senior level.

  • Ability to cultivate good working relationships with a variety of key partners.

  • Strong analytical, written and verbal communication skills.

  • Ability to synthesize high volumes of information to formulate well-supported and concise views.

  • Travel is required (up to 50%)

  • Position subject to rotation after a term of 5 years.

  • You should be able to demonstrate the following Behavioral Competencies: Critical Thinking, Collaboration, Influence, Achievement, and Innovation


  • Graduate degree, equivalent work experience, professional certifications, and specialized degrees in related fields are desirable but not required.

  • An examiner commission from a federal or a state banking supervisory agency or the relevant experience and training required for entry into the Interim Examiner Commissioning Program for Large Financial Institution Supervision.

  • Knowledge of large bank supervision and familiarity with the Federal Reserve's Supervision Framework for Large Financial Institutions.

  • Broader knowledge of other financial resiliency areas (e.g. credit, market, interest rate risk)

The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer.