Senior Program Manager - Market Risk
Company Name:
GE
1949770
Business GE Capital
Business Segment Capital - Treasury
About Us GE Treasury team is responsible for global funding, cash & foreign exchange management, and other treasury services for all of
GE''s worldwide operations. Almost all of GE''s debt is issued through GE Capital to support its financial services businesses. We
fund ourselves through the issuance of long term debt, commercial paper, CDs & bank deposits, and other debt products as
well.
imagination at work
GE is an Equal Opportunity Employer.
GE offers a competitive salary, outstanding benefits & the professional advantages of an environment that supports your
development & recognizes your achievements.
GE offers an inclusive environment where employees have the opportunity to succeed and diversity is embraced as a
competitive advantage in the marketplace.
The passion that our people bring to their work extends to their private worlds, and GE encourages a healthy balance
between the two.
GE values education and is dedicate to providing the tools and training for your professional development.
Posted Position Title Senior Program Manager - Market Risk
Career Level Experienced
Function Risk Management
Function Segment Market and Counterparty Risk
Location(s) Where Opening Is Available United States
U.S. State, China or Canada Provinces Connecticut
City Stamford
Postal Code 06905-3417
Relocation Expenses No
Role Summary/Purpose GE offers a great work environment and challenging careers. GE is anEqual Opportunity Employerfor all, including minorities, women, protected veterans and disabled. Manage team responsible for Independent Market Risk oversight of GE Capital Americas and GE Capital''s Global Commercial
Real Estate, Aviation Financial Services, Energy Financial Services and the Americas Retail Finance businesses. Additionally
this individual will have policy oversight responsibility for IR risk managed by Treasury.
Essential Responsibilities
Work with BU CROs and lead continued roll out of enhanced Market Risk oversight of the GE Capital businesses in line with
market risk best practices and regulatory guidance.
Conduct regular updates with Business CROs so they have a comprehensive understanding of their business''s market risk.
Manage monthly review of Treasury''s Interest Rate risk, including investment portfolio and aggregated risk profile managed
by ALM. Review should include monitoring compliance with limits and understanding/investigating changes in exposures.
Assist in preparation of GECC ALCO and ERMC materials for consolidated IRR limit compliance
vPrepare and conduct annual bottoms up Enterprise Risk Assessment for Market Risk. Document and follow-up on control
weaknesses and/or material risks as needed.
Work with in-business Risk, Treasury and Finance teams to enhance regular reporting of Interest Rate risk and all market
risks in the ALCO.
Work with in-business CROs/ERM leaders to insure material risks are regularly disclosed to the business''s ERMC as
needed.
Work with Global Market Risk leader to insure material risks are disclosed in the GECC ALCO and ERMC as needed
Establish limits and governance around in-business market risks as needed
Co-ordinate management (e.g. hedging) of in-business market risks with ALM and in-business Treasury team.
Co-ordinate Market Risk coverage for FX and Commodity market risks in these businesses with relevant global market risk
managers.
Work with Global Market Risk Stress Testing/Capital Mgmt leader to assist in build out of a robust market risk (e.g. NIM)
stress testing and capital management framework. Specific responsibilities include insuring all market risks in the business are
accurately picked up in the framework.
Perform gap assessment against industry standards/regulatory market risk management requirements - work
cross-functionally to close gaps. This includes prepayment risk, embedded optionality, deposit and other behavioral modeling.
Work closely with IRRM Reporting project team on roll out of ALM system for GECC. Provide thought leadership and
guidance throughout the development lifecycle. Support testing and evaluate reporting output to insure it meets requirements.
Evaluate exception requests around market risk limits, policies and guidelines.
Work on due diligence efforts related to acquisitions/assess market risk impact of any proposed divestiture/sale of
businesses
Work with Treasury Finance and in-business Treasury teams to insure correct Transfer Pricing of Interest Rate risk to
incentivize desired behavior.
Work with EMEA market risk leader to pull together Global Market risk picture for Global Consumer platform for the Global
Consumer CRO.
Qualifications/Requirements
Bachelors Degree in finance, mathematics, business administration, economics and minimum of 7 years of experience in a
wide range of markets; experience in debt capital markets, commercial banking/financing business, interest rate derivatives
and/or foreign exchange
3 plus years of experience working with or managing advanced risk analytics
3 plus years of experience working with I/R derivatives and other complex financial products
ALM or Risk Management Experience in U.S. Regulated Commercial Banking Environment
Expertise around NII and EaR modeling for interest rate risk
Expertise around EVE-type modeling for interest rate risk.
Deep knowledge and market risk expertise around commercial/retail banking products.
Demonstrated quantitative skillset
Advanced Excel , data analysis skills.
u>Eligibility
Qualifications:
Must submit your application for employment through to be considered (Internals
via COS)
Must be willing to comply with pre-employment screening, including but not limited to drug testing,
reference verification, and background check.
Legal authorization to work in the U.S is required. We will not sponsor individuals for employment visas, now or in the future for this job opening.
Must be willing to travel up to 10% of the time.
MUST BE ABLE TO SATISFY THE REQUIREMENTS OF SECTION 19 OF THE FEDERAL
DEPOSIT INSURANCE ACT
Additional Eligibility Qualifications GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen.
Desired Characteristics
Strong communication and interpersonal skills, ability to interact cross-functionally.
Strong process orientation and analytical skills.
Experience in managing and mentoring teams.
Proven hands-on problem solving skills
Proven change agent.
Experience in a matrix organization and global environment preferred
GE corporate risk experience and/or GE Leadership Program graduate
Strong presentation skills and executive presence
Strong project management skills
Strong familiarity with Corporate Treasury and ALM Function.
Section 19 Job YOU MUST BE ABLE TO SATISFY THE REQUIREMENTS OF SECTION 19 OF THE FEDERAL DEPOSIT INSURANCE ACT.Estimated Salary: $20 to $28 per hour based on qualifications.
GE
1949770
Business GE Capital
Business Segment Capital - Treasury
About Us GE Treasury team is responsible for global funding, cash & foreign exchange management, and other treasury services for all of
GE''s worldwide operations. Almost all of GE''s debt is issued through GE Capital to support its financial services businesses. We
fund ourselves through the issuance of long term debt, commercial paper, CDs & bank deposits, and other debt products as
well.
imagination at work
GE is an Equal Opportunity Employer.
GE offers a competitive salary, outstanding benefits & the professional advantages of an environment that supports your
development & recognizes your achievements.
GE offers an inclusive environment where employees have the opportunity to succeed and diversity is embraced as a
competitive advantage in the marketplace.
The passion that our people bring to their work extends to their private worlds, and GE encourages a healthy balance
between the two.
GE values education and is dedicate to providing the tools and training for your professional development.
Posted Position Title Senior Program Manager - Market Risk
Career Level Experienced
Function Risk Management
Function Segment Market and Counterparty Risk
Location(s) Where Opening Is Available United States
U.S. State, China or Canada Provinces Connecticut
City Stamford
Postal Code 06905-3417
Relocation Expenses No
Role Summary/Purpose GE offers a great work environment and challenging careers. GE is anEqual Opportunity Employerfor all, including minorities, women, protected veterans and disabled. Manage team responsible for Independent Market Risk oversight of GE Capital Americas and GE Capital''s Global Commercial
Real Estate, Aviation Financial Services, Energy Financial Services and the Americas Retail Finance businesses. Additionally
this individual will have policy oversight responsibility for IR risk managed by Treasury.
Essential Responsibilities
Work with BU CROs and lead continued roll out of enhanced Market Risk oversight of the GE Capital businesses in line with
market risk best practices and regulatory guidance.
Conduct regular updates with Business CROs so they have a comprehensive understanding of their business''s market risk.
Manage monthly review of Treasury''s Interest Rate risk, including investment portfolio and aggregated risk profile managed
by ALM. Review should include monitoring compliance with limits and understanding/investigating changes in exposures.
Assist in preparation of GECC ALCO and ERMC materials for consolidated IRR limit compliance
vPrepare and conduct annual bottoms up Enterprise Risk Assessment for Market Risk. Document and follow-up on control
weaknesses and/or material risks as needed.
Work with in-business Risk, Treasury and Finance teams to enhance regular reporting of Interest Rate risk and all market
risks in the ALCO.
Work with in-business CROs/ERM leaders to insure material risks are regularly disclosed to the business''s ERMC as
needed.
Work with Global Market Risk leader to insure material risks are disclosed in the GECC ALCO and ERMC as needed
Establish limits and governance around in-business market risks as needed
Co-ordinate management (e.g. hedging) of in-business market risks with ALM and in-business Treasury team.
Co-ordinate Market Risk coverage for FX and Commodity market risks in these businesses with relevant global market risk
managers.
Work with Global Market Risk Stress Testing/Capital Mgmt leader to assist in build out of a robust market risk (e.g. NIM)
stress testing and capital management framework. Specific responsibilities include insuring all market risks in the business are
accurately picked up in the framework.
Perform gap assessment against industry standards/regulatory market risk management requirements - work
cross-functionally to close gaps. This includes prepayment risk, embedded optionality, deposit and other behavioral modeling.
Work closely with IRRM Reporting project team on roll out of ALM system for GECC. Provide thought leadership and
guidance throughout the development lifecycle. Support testing and evaluate reporting output to insure it meets requirements.
Evaluate exception requests around market risk limits, policies and guidelines.
Work on due diligence efforts related to acquisitions/assess market risk impact of any proposed divestiture/sale of
businesses
Work with Treasury Finance and in-business Treasury teams to insure correct Transfer Pricing of Interest Rate risk to
incentivize desired behavior.
Work with EMEA market risk leader to pull together Global Market risk picture for Global Consumer platform for the Global
Consumer CRO.
Qualifications/Requirements
Bachelors Degree in finance, mathematics, business administration, economics and minimum of 7 years of experience in a
wide range of markets; experience in debt capital markets, commercial banking/financing business, interest rate derivatives
and/or foreign exchange
3 plus years of experience working with or managing advanced risk analytics
3 plus years of experience working with I/R derivatives and other complex financial products
ALM or Risk Management Experience in U.S. Regulated Commercial Banking Environment
Expertise around NII and EaR modeling for interest rate risk
Expertise around EVE-type modeling for interest rate risk.
Deep knowledge and market risk expertise around commercial/retail banking products.
Demonstrated quantitative skillset
Advanced Excel , data analysis skills.
u>Eligibility
Qualifications:
Must submit your application for employment through to be considered (Internals
via COS)
Must be willing to comply with pre-employment screening, including but not limited to drug testing,
reference verification, and background check.
Legal authorization to work in the U.S is required. We will not sponsor individuals for employment visas, now or in the future for this job opening.
Must be willing to travel up to 10% of the time.
MUST BE ABLE TO SATISFY THE REQUIREMENTS OF SECTION 19 OF THE FEDERAL
DEPOSIT INSURANCE ACT
Additional Eligibility Qualifications GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen.
Desired Characteristics
Strong communication and interpersonal skills, ability to interact cross-functionally.
Strong process orientation and analytical skills.
Experience in managing and mentoring teams.
Proven hands-on problem solving skills
Proven change agent.
Experience in a matrix organization and global environment preferred
GE corporate risk experience and/or GE Leadership Program graduate
Strong presentation skills and executive presence
Strong project management skills
Strong familiarity with Corporate Treasury and ALM Function.
Section 19 Job YOU MUST BE ABLE TO SATISFY THE REQUIREMENTS OF SECTION 19 OF THE FEDERAL DEPOSIT INSURANCE ACT.Estimated Salary: $20 to $28 per hour based on qualifications.
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