Asset Liability Management (ALM) Analyst

About the job

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JOB FUNCTION / SUMMARY:

As a risk management professional, the incumbent provides support and advice in measuring, monitoring, and managing interest rate risk, liquidity risk, and balance sheet integration by providing effective quantitative analysis of proprietary and national data.

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Gathers and analyzes data regarding the organization’s assets and liabilities in a wide range of economic and management defined scenarios.
• Develops new assumptions and on an on-going basis recalibrate modeling assumptions that will be used to model: Interest Rate Risk, Liquidity Risk, Balance Sheet Management, and Capital Stress Testing.
• Learns to operate and support the Empyrean Model. The Empyrean Model is a vendor model used to model Interest Rate Risk, Liquidity Risk, Balance Sheet Management Strategies, and Capital Stress Testing.
• Prepares analysis and reports for Senior Management and the Board Risk Committee.
• Participates as a member of various management sub-committees of ALCO: Interest Rate Risk, Funding and Liquidity, Deposit Pricing, and Loan Pricing. Additionally, attends STRESSCO (Capital Stress Testing Committee) meetings as requested.
• Performs other duties and special projects as assigned by Senior Management.
• Incumbent is required to comply with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act.

SUPERVISORY RESPONSIBILITIES:

None

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:

• Requires a bachelor’s degree in Mathematics, Statistics, Business, Accounting, Finance or other related fields
• 1-3 years of experience performing analysis of large, complex time-series of data, preferably in Asset/Liability management.
• Experience operating vendor financial/risk models and quantitative analysis preferred
• An equivalent combination of education, training, and experience may be considered
• Basic understanding of banking, financial services, or investment industry
• Experienced level understanding of Accounting principles (Balance sheet and income statement composition)
• Basic understanding of analytical techniques used with large, complex time-series of data
• Experienced level understanding of financial risk models and quantitative analysis
• Experienced level of proficiency in Microsoft Office products including, Word, Excel, Access, PowerPoint, and SharePoint

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:

• Ability to lift/move/carry approximately 25 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.