Asset & Liability Sr. Analyst

Citizens; Boston (MA); Hybrid; USD 109,000 - 141,000; Full time

Job summary

Citizens is seeking an Asset & Liability Sr. Analyst in Boston to own end-to-end forecasting for specified balance sheet segments across multiple scenarios. You will deepen Treasury ALM expertise, working on behavioral modeling, financial reporting, and risk management.

The role emphasizes quantitative skills, collaboration with stakeholders, and the development of forecasting tools, with a hybrid 4 days in-office schedule and 1 remote day.

Qualifications

• Bachelor's degree required in business, finance, computer science, math, or statistics.
• Learning agility and curiosity about new technologies, analytical tools, and software.
• Strong planning, prioritization, and time management skills.
• Clear and effective written and verbal communication.
• Strong quantitative aptitude with financial concepts and analytical methods.
• Initiative and accountability with the ability to work independently.
• Intellectual curiosity with an analytical mindset and problem-solving approach.
• Strong attention to detail with accuracy and quality.
• General understanding of banking, financial performance, and market dynamics.

Responsibilities

• Work cross-functionally to generate forecasting assumptions for assigned portfolios.
• Be the subject matter expert of the assigned portfolios within Treasury ALM.
• Apply financial math, banking products, and QRM to forecasting approaches.
• Perform attribution analysis of portfolio impacts on balance sheet risk metrics.
• Execute assumption sensitivity and back-testing to identify drivers of metric changes.
• Review portfolio assumptions and processes for improvements.
• Enhance and/or develop reporting tools to communicate risk drivers to senior management.
• Complete ad-hoc analyses to improve balance sheet modeling risk analytics.

Skills

Quantitative aptitude

Analytical mindset

Idea learning agility

Initiative

Attention to detail

Education

Bachelor's degree

Tools

Excel

SQL

Power Query/Alteryx

Tableau/Power BI

Oracle/Essbase

QRM

Empyrean

Bancware

Job description

Description

The ALM Team is responsible for producing monthly interest rate risk and quarterly capital stress testing analytics, and providing senior management, as well as the Board, key insights into the banks risk position to a range of economic and interest rate risk scenarios. These analytics support the bank's hedging of interest rate risk and decisioning around target capital operating levels.

As the Asset & Liability Sr. Analyst, you will be given the opportunity to develop your Treasury experience and take responsibility for the end-to-end forecasting process of a sub-set of the CFG balance sheet across multiple economic and interest rate scenarios. The successful candidate will be given the opportunity to develop a deep understanding of behavioral modeling, balance sheet forecasting, financial reporting, and interest rate risk management.

Primary responsibilities include

• Work cross-functionally to generate forecasting assumptions for assigned portfolio(s)
• Be the subject matter expert of the assigned portfolio(s) within Treasury ALM
• Bring together an understanding of financial mathematics, banking products, and QRM capabilities to identify and recommend best-in-class forecasting approaches
• Perform attribution analysis of portfolio impacts on balance sheet risk metrics
• Execute assumption sensitivity and back-testing to identify the main drivers of changes in metrics
• Regularly review portfolio assumptions and processes to identify areas of improvement
• Enhance and/or develop reporting tools used to communicate risk drivers to senior management
• Complete ad-hoc analyses to improve balance sheet modeling risk analytics

Qualifications, Education, Certifications and/or Other Professional Credentials

• Required Qualifications
• Education: Bachelors degree required. (Preference given for business, finance, computer science, math, or statistical majors)
• Learning agility and curiosity, including an interest in developing proficiency with new technologies, analytical tools, and software.
• Strong planning, prioritization, and time management skills, with the ability to manage multiple deliverables effectively.
• Clear and effective written and verbal communication skills.
• Strong quantitative aptitude with the ability to understand and apply financial concepts and analytical methods.
• Initiative and accountability, with the ability to work independently and take ownership of assigned responsibilities.
• Intellectual curiosity with an analytical mindset and a creative approach to problem solving.
• Strong attention to detail with a commitment to accuracy and quality.
• General understanding of banking, financial performance, and market dynamics.
• Preferred Qualifications
• Moderate to advanced Excel skills
• Moderate to advanced SQL skills
• Exposure to Oracle/Essbase
• Exposure to cash flow engines such as QRM, Empyrean, Bancware, etc.
• Experience working with tools like Power Query/Alteryx
• Experience working with data visualization software such as Tableau/Power BI/etc.

Hours & Work Schedule

• Hours per Week: 40
• Work Schedule: M-F Hybrid - 4 days in the office, 1 remote.

#LI-CITIZENS2

Pay Transparency

The salary range for this position is $109,000 - $141,000 per year. Actual pay is based on various factors including but not limited to the budget, work location, and relevant skills and experience. We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

Work Authorization

This role is not eligible for new employer-sponsored or current H-1 B visa holders. Applicants, including current OPT, L and other visa holders, must be authorized to work in the U.S. without the need for new employer sponsorship for themselves or their spouses now and in the future.

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Why Work for Us

At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.