Senior Program Manager Capital & Liquidity Risk

Financial Risk Management (FRM), an independent 2nd Line of Defense (LOD) risk management function, is looking to fill its Senior Program Manager of Capital and Liquidity Risk Oversight position to oversee the Company’s capital and liquidity adequacy management activities and confirm they are being executed in accordance with sound banking principles.

The successful risk manager will report to the Head of Financial Risk Management and carry out risk management practices to ensure the Holding Company, BHOC, and its primary banking subsidiary, BOH, maintain an appropriate level of capital and liquidity to support their operations and fulfil the minimum requirements for capital and liquidity adequacy even under stress conditions.

The incumbent will establish a comprehensive framework to identify, manage, and control capital and liquidity risks and play a pivotal role in contributing to the achievement of the Company’s financial goals and objectives.

This role’s responsibilities encompass reviewing and challenging of all capital and liquidity risk mitigating activities and associated stress testing, ensuring the Company maintains contingency measures and procedures for capital, leverage, and liquidity adequacies, and developing appropriate policies and control processes.

Promotes Business Units’ compliance with applicable laws and regulations, including but not limited to those related to Anti-Money Laundering laws and regulations, the Bank Secrecy Act, and the USA PATRIOT Act, and adherence to the Company’s Risk Management Policy, Financial Risk Management Policy, and other applicable policies and procedures.

• Develops and implements an effective risk management framework to identify, assess, and control the capital and liquidity risks that aligns with the Company’s strategic goals.
• Partners with Treasury and Enterprise Risk Management (ERM) and recommends Board level capital and liquidity risk metrics and appetite.
• Monitors and evaluates capital and liquidity EWIs, limits, and key risk indicators, providing regular reports to ALCO and senior management.
• Analyzes capital and liquidity planning and stress test results, identifies potential risks, and recommends risk mitigation strategies.
• Reviews and challenges capital and liquidity forecast process and appropriateness of Capital Management Policy, Liquidity Management Policy, Capital Contingency Plan (CCP), and Contingency Funding Plan (CFP), ensuring alignment with the Company’s risk appetite and regulatory guidelines.
• Ensures capital and liquidity modeling and stress testing approaches, methodologies, assumptions are sound and meets regulatory guidelines, requirements, and expectations as set forth in the Fed’s SR 11-7 Supervisory Guidance on Model Risk Management.
• Participates in the Enterprise-Wide Stress Testing and reviews and challenges stress testing methodologies, data, financial analysis, models, internal controls, etc.

Establishes comprehensive capital and liquidity risk management reporting for the ALCO and senior management.

Provides insights and recommendations to senior management on capital and liquidity adequacy.

Regulatory Compliance and Risk Infrastructure :

• Stays abreast of regulatory changes related to capital and liquidity risks and ensures the Bank’s adherence to applicable regulations.
• Designs and submits accurate, timely, and relevant capital and liquidity risk reports to the Board’s Audit and Risk Committee, the ALCO, the Risk Council, and senior management, and promotes risk awareness.
• Collaborates with Business Risk Executives, ERM, Internal Audit, and Compliance to address any identified issues promptly.
• Ensures the market risk management framework aligns and supports the Company’s ERM framework.
• Acts as a trusted partner to the Head of FRM, CRO, CFO, Treasurer, Business Risk Executives, and Business Unit leaders and provides a clear and concise view of the Company’s capital and liquidity risk profiles.

This position requires use of a personal computer and other standard office equipment.

Education : Bachelor’s degree with major in finance or related field from an accredited institution or equivalent work experience.

Advanced degree and / or CFA preferred.

• Experience : Minimum 12 to 15 years of experience in liquidity or capital risk management in the banking or financial industries.
• Technical Skills : Demonstrated proficiency and expertise with personal computers in a networked environment and Microsoft applications (Outlook, Word, Excel, Access and Power Point) or similar software.

Knowledge of or ability to use bank software and systems. Familiarity with QRM is a plus.

Other Job Qualifications : Excellent communications skills, including verbal, written, interpersonal and presentation skills.

Strong conceptual and quantitative problem-solving skills and ability to think creatively. Ability to build strong and productive relationships with key stakeholders.

Must be able to work flexible hours to include evenings, weekends, and holidays as necessary.

As a Bank of Hawaii employee, you ensure (or assist with ensuring) compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.

Delivering exceptional customer experiences is at the heart of what we do at Bank of Hawaii. We listen, understand and deliver what our customers need to help them build a better tomorrow.