Asset Liability Management Senior Associate

Crump Life Insurance Svcs Inc; Charlotte (NC); On-site; USD 110,000 - 160,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) plan

Paid holidays

Vacation days

Pension plan

Restricted stock units

Deferred compensation plan

Job summary

Truist is seeking an ALM Senior Associate to serve as the senior model owner and SME for key Corporate Treasury modeling functions. You will oversee risk analysis, reporting, and model development with governance alignment across management bodies.

The role demands deep ALM experience, strong analytical skills, and ability to interact with executives, with responsibilities spanning documentation, testing, and ad-hoc analyses for leadership. On-site role in a large corporate treasury environment.

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.
• Proficiency in basic computer applications, such as Microsoft Office.

Responsibilities

• Own a key Corporate Treasury modeling function to evaluate risk of the balance sheet.
• Collaborate with Market Risk, Model Risk Management, Finance and Treasury to quantify impacts on NII, capital, and balance sheet.
• Build relationships with lines of business to become a SME for them.
• Identify and implement improvements to existing processes.
• Assist with development and implementation of new models in QRM and upgrades.
• Train a senior analyst on the assigned model and review outputs.
• Ensure documentation is updated and compliant with policies.
• Assist with CCAR modeling and testing as needed.
• Prepare ad-hoc analyses and presentations for Executive Leadership.

Skills

ALM experience

Banking experience

Modeling expertise

Stakeholder communication

MS Office proficiency

Education

MBA

CFA

CPA designation

Tools

QRM

Hyperion Essbase

VB (Visual Basic)

Excel

Job description

Job Summary

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. Regular or Temporary: Regular | Language Fluency: English (Required) | Work Shift: 1st shift (United States of America).

Key Responsibilities

1. 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.
2. 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.
3. Build strong relationships with lines of business (LOBs) so that you become a subject matter expert for them to rely on.
4. Collaborate with internal resources and business partners to identify and implement improvements to existing processes.
5. Assist with development and implementation of new models in QRM and QRM version upgrades.
6. Train a senior analyst on your assigned model and provide a review of their inputs and outputs.
7. Ensure all documentation is updated and in compliance with company policies.
8. Assist with CCAR modeling and testing as needed.
9. 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

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Accidental death and dismemberment insurance
• Tax-preferred savings accounts
• 401(k) plan
• 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during the first year of employment
• 10 sick days (prorated)
• Paid holidays
• Defined benefit pension plan (if eligible)
• Restricted stock units (if eligible)
• Deferred compensation plan (if eligible)

Equal Opportunity and Workplace Policies

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. EEO is the Law. E-Verify. Right to Work.

Truist is a purpose-driven financial services company, formed by the historic merger of equals of BB&T and SunTrust. We serve clients in a number of high-growth markets in the country, offering a wide range of financial services. At Truist, our purpose is to inspire and build better lives and communities. That happens through real care to make things better. To meet client needs, to empower teammates, and to lift up communities. Learn more about Truist on truist.com.