Libor Model Project Manager

Libor Model Project Manager

Job location:

New York, New York Duration: 12 months

Libor Transition Models PM

This role is to be part of the Global BCS (Business Controls and Supervision) central LIBOR Transition Program Team, reporting to the FTTR (Finance, Tax, Treasury, Risk) LIBOR Transition Program Manager.

• Central LIBOR Transition Models PM will be responsible for models work stream oversight and monitoring across impacted areas
• Strong experience and understanding of model lifecycle and governance and project management
• Oversee firm-wide inventory and transition roadmap of LIBOR impacted models, including planning, development, validation and implementation
• Support with LIBOR related regulatory responses for PRA, FRB, OCC, ECB, and any others as necessary.
• Manage runbooks and coordination with stakeholders for Impact Assessments across finance governance teams, model developers, model risk management, various risk groups and technology
• Support coordination and notifications of model changes under IMA and IMM
• Monitor and manage program risks, issues, assumptions and dependencies whilst escalating to senior management as required
• Oversee program plans and tracking of progress and changes
• Coordinate collation and production of materials for relevant program governance forums
• Facilitate workshops and planning sessions as required
• Undertake ad hoc central program management requests as they arise
• Utilize data analysis tools to oversee FTTR budget and resourcing tracking and requests
• Undertake ad-hoc FTTR and central program management requests as they arise

• Understanding of LIBOR and its implications within the industry is a must
• Minimum of 5 years relevant experience in working within a PMO, preferably within models or regulatory related roles.
• Regulatory interaction through roles in Market risk and/or Counter party Credit Risk management or regulatory and reporting
• Relevant working experience in modeling space and appreciation of basic principles associated with pricing and risk models
• Up-to-date working knowledge of regulatory landscape and requirements and change
• Should have experience in analytics with exceptional problem solving skills
• Good understanding of program management methodologies, frameworks, processes, tools and industry best practices
• Excellent planning and task management skills
• Capable of seeing the bigger picture as well as strong focus on day-to-day execution
• Proven experience in facilitating workshops and program planning sessions
• Experience of working with business stakeholders across multiple businesses, regions and support functions

• Bachelors or University degree or equivalent experience, however advanced degree in economics or finance or related discipline would be desirable
• Recognized program or project management qualification such as PRINCE2, MSP etc.