Head of Liquidity

Location:

Within Corporate Treasury, the Head of Liquidity Management leads Key’s liquidity team, which is responsible for optimizing the bank’s liquidity position in support of regulatory requirements and our strategic objectives. The successful candidate advises and collaborates effectively with the company’s line of business and Finance leaders and partners with Corporate Treasury’s other leaders to achieve the company’s financial goals while prudently managing its liquidity position. In so doing, the Head of Liquidity Management also represents Corporate Treasury as a subject matter expert in its interactions with banking regulators, credit rating agencies and the company’s second and third lines of defense. As a team leader, the Head of Liquidity Management promotes an environment of continuous improvement and commitment to team development, sharing insights, knowledge, and experience to develop bench strength and the next generation of Corporate Treasury leaders.

Responsibilities:

• Lead Corporate Treasury’s “first line of defense” function for managing risks to the company’s liquidity position consistent with the board of directors’ risk appetite, ALCO objectives and the requirements of external stakeholders (e.g., banking regulators, credit rating agencies and debt and equity investors).
• Develop, articulate, and execute Key’s liquidity strategies to ensure KeyBank and KeyCorp maintain sufficient liquidity to meet operational needs and current and prospective regulatory requirements.
• Manage the company’s internal liquidity stress testing (ILST) processes to recommend the size and composition of liquidity buffer in collaboration with Corporate Treasury’s Investment Portfolio team.
• Monitor and analyze liquidity metrics, trends, and financial market conditions to anticipate potential liquidity risks and opportunities.
• Collaborate with Corporate Treasury’s Funding and Capital teams to develop BAU and contingency funding plans, evaluate the liquidity allocation decisions, and provide input on liquidity matters.
• Partner with Corporate Strategy to evaluate the liquidity impact of strategic initiatives.
• Ensure compliance with regulatory liquidity requirements and related internal policies and procedures.
• Identify emerging risks and vulnerabilities in the bank’s liquidity position and develop proactive risk mitigation strategies.
• Stay abreast of industry trends, regulatory developments, and best practices in liquidity management to inform strategic decision making and daily risk management practices. 
• Partner closely with the Quantitative Modeling and Advanced Analytics (QMAA) team to advance the company’s liquidity models and their key assumptions and ensure those models comply with internal model risk management standards.
• Partner with Corporate Treasury Oversight (CTO, second line of defense) and the Risk Review Group (third line of defense) to maintain proper oversight and governance of liquidity-related risks.
• Lead and manage Corporate Treasury’s liquidity team, providing staff development opportunities to deepen technical and communication skills through continuous learning and experiential training.
• Promote a culture of continuous improvement, seeking to enhance analytical capabilities in keeping with industry best practices and evolving regulatory expectations and requirements.
• Maintain strong governance over Corporate Treasury’s liquidity policies, procedures, and controls.
• Lead Corporate Treasury’s engagement with the OCC and Federal Reserve on matters pertaining to liquidity risk management.
• Comply with all KeyCorp and KeyBank policies and procedures, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interest of the company and its clients.

Educational Qualifications:

• Bachelor's Degree in a relevant field of study or equivalent work experience required; Master’s Degree and/or MBA or CFA charter holder preferred.  

Experience:

• 10+ years of relevant industry experience required, most of it in the practice of liquidity at a bank or other regulated financial institution.

Required Skills:

• Possesses in-depth knowledge of existing banking industry best practices for liquidity management, reporting and governance, including all related regulatory requirements.
• Establishes a reputation for strong subject matter expertise and technical knowledge that garners the confidence of internal and external stakeholders.
• Demonstrates strong critical thinking, problem solving and conflict management skills and is comfortable operating in sometimes ambiguous and stressful situations.
• Displays strong leadership qualities, leading and influencing others to achieve beneficial financial outcomes for the company.
• Assesses talent and builds strong teams by coaching to strengths and developmental needs of team members and sharing knowledge, insights, and experiences.
• Possesses strong written and verbal communication skills.
• Exhibits deep relationship-building skills and works productively and confidently with senior and executive level management.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $200,000 to $205,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

Please click here for a list of benefits for which this position is eligible.

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.

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