Asset Liability Management Senior Associate

Truist; Charlotte (NC); On-site; USD 140,000 - 190,000; Full time

Benefits offered by this job

Medical, Dental, Vision

401k plan

Paid vacation

Paid holidays

Disability insurance

Job summary

Truist is seeking an ALM Senior Associate to own critical Corporate Treasury modeling functions, including interest risk analysis and EVE studies, guiding sensitive decisions for the balance sheet.

The role partners with Market Risk, Finance, and Model Risk Management to quantify risk, prepare analyses, and report to governing bodies in a regulated environment. A strong analytics background and leadership are essential.

Qualifications

• 7+ years of experience in banking or a related field.
• 5+ years in Asset Liability Management (ALM).
• Excellent analytical skills and knowledge of bank's balance sheet.
• Demonstrated proficiency in basic computer applications, such as Microsoft Office.

Responsibilities

• Own a key Corporate Treasury modeling function used to evaluate risk of the overall balance sheet or a significant balance sheet portfolio.
• Work with Market Risk, Model Risk Management, Finance and Corporate Treasury to identify and quantify the impact of emerging risks on net interest income, capital, and balance sheet.
• Build strong relationships with lines of business to become a subject matter expert for them to rely on.
• Collaborate with internal resources to identify and implement improvements to existing processes.
• Assist with development and implementation of new models in QRM and QRM version upgrades.
• Train a senior analyst on your assigned model and review inputs and outputs.
• Ensure all documentation is updated and in compliance with company policies.
• Assist with CCAR modeling and testing as needed.
• Prepare requested ad‑hoc analysis and presentations for Executive Leadership.

Skills

Strong analytical skills

Microsoft Office

Interacting with management

Education

MBA

CFA

CPA

Tools

VB (Visual Basic)

QRM

Hyperion Essbase

Job description

Need Help?

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Regular or Temporary:

Regular

Language Fluency:

English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

The ALM Senior Associate will serve as the senior model owner and subject matter expert (SME) for a key modeling function or assumption used in Corporate Treasury to identify and quantify short-term and long-term interest risk on the company's balance sheet. These modeling functions and assumptions may include interest rate risk analysis, EVE analysis, prepayment analysis, stress-testing, and other areas as assigned. The role coordinates the preparation, analysis, and documentation of the assigned risk including model development and review, sensitivity testing, and reporting metrics to the assigned governing bodies in accordance with all corporate policies and regulatory guidance.

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Own a key Corporate Treasury modeling function used to evaluate risk of the overall balance sheet or a significant balance sheet portfolio. This includes documentation and challenge of assumptions, reporting results to governing bodies, and explaining changes versus forecast, prior month, quarter, or year as needed.


• Work with key members of Market Risk, Model Risk Management, Finance and Corporate Treasury to identify and quantify the impact of emerging risks on net interest income, capital, and balance sheet.


• Build strong relationships with lines of business (LOBs) so that you become a subject matter expert for them to rely on.


• Collaborate with internal resources and business partners to identify and implement improvements to existing processes.


• Assist with development and implementation of new models in QRM and QRM version upgrades.


• Train a senior analyst on your assigned model and provide a review of their inputs and outputs.


• Ensure all documentation is updated and in compliance with company policies.


• Assist with CCAR modeling and testing as needed.


• Prepare requested ad‑hoc analysis and presentations as requested for Executive Leadership.

Required Qualifications:

• 7+ years of experience in banking or a related field


• 5+ years in Asset Liability Management (ALM)


• Ability to interact at all levels of management.


• Excellent analytical skills and knowledge of bank's balance sheet.


• Demonstrated proficiency in basic computer applications, such as Microsoft Office.

Preferred Qualifications:

• A Masters of Business Administration (MBA), Chartered Financial Analyst (CFA), or Certified Public Accountant (CPA) Designation


• QRM experience


• General ledger experience


• VB (Visual Basic) experience


• Ability to work effectively, as well as independently, in a team environment


• Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills


• Knowledge and understanding of asset liability or liquidity management software, especially QRM


• Strong analytical skills with high attention to detail and accuracy


• Hyperion Essbase experience


• Ability to successfully operate in a complex and matrixed environment

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax‑preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full‑time or part‑time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full‑time or part‑time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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