Deposit Balance & Rate Strategy Specialist

Truist; Charlotte (NC); On-site; USD 90,000 - 135,000; Full time

Job summary

Truist is seeking a data-driven professional to drive deposit balance and rate strategy within Wholesale Banking. The role focuses on leveraging data to optimize deposits across liquidity products, forecasting deposit balances, and communicating strategy with sales and finance teams.

The ideal candidate has a strong banking knowledge, at least 5 years of experience, and proficiency in Excel and related tools. This on-site position offers competitive benefits and a collaborative team environment.

Qualifications

• Bachelor’s degree in Economics, Business, Finance or related field.
• Strong knowledge of banking, interest rate environment, and money markets.
• 5 years of related work experience.
• Strong analytical skills and attention to detail.
• Strong communication and interpersonal skills.
• Proven ability to work well in fast-paced, team-oriented environment and ability to adapt.
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
• MBA/CTP (preferred).
• Experience with SQL, Tableau, Alteryx.

Responsibilities

• Execute and support comprehensive data driven deposit strategy to manage Wholesale Banking deposits across all Liquidity products.
• Define an effective data driven deposit strategy by understanding the firm’s appetite for deposits, NII targets, balance sheet positioning, market context, and other external factors.
• Conduct portfolio optimization reviews across liquidity products.
• Partner with sales, finance and liquidity partners to develop accurate forecasts of deposit balances and rate paid.
• Develop and track results vs forecasts.
• Partner with liquidity and sales partners to communicate deposit strategy.
• Analyze competitive earnings and market offerings to provide insights to leadership regarding Truist’s competitive position.
• Adhere to and follow all applicable policies and procedures. Proactively elevate issues and risks to leadership's attention.

Skills

Analytical skills

Attention to detail

Communication skills

Teamwork

Adaptability

Microsoft Office

Education

Bachelor's degree

MBA/CTP (preferred)

Tools

SQL

Tableau

Alteryx

Job description

Regular or Temporary

Regular

Language Fluency

English (Required)

Work Shift

1st shift (United States of America)

Please review the following job description

Responsible for the execution and delivery of deposit balance and rate strategy and the support of liquidity products and services.

Essential Duties and Responsibilities

• Execute and support comprehensive data driven deposit strategy to manage Wholesale Banking deposits across all Liquidity products
• Define an effective data driven deposit strategy by understanding the firm’s appetite for deposits, NII targets, balance sheet positioning, market context, and other external factors
• Conduct portfolio optimization reviews across liquidity products
• Partner with sales, finance and liquidity partners to develop accurate forecasts of deposit balances and rate paid
• Develop and track results vs forecasts
• Partner with liquidity and sales partners to communicate deposit strategy
• Analyze competitive earnings and market offerings to provide insights to leadership regarding Truist’s competitive position
• Adhere to and follow all applicable policies and procedures. Proactively elevate issues and risks to leadership's attention

Qualifications

Required Qualifications

• Bachelor’s degree in Economics, Business, Finance or related field
• Strong knowledge of banking, interest rate environment, and money markets
• 5 years of related work experience
• Strong analytical skills and attention to detail
• Strong communication and interpersonal skills
• Proven ability to work well in fast-paced, team-oriented environment and ability to adapt
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products

Preferred Qualifications

• MBA/CTP
• Experience with SQL, Tableau, Alteryx

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.

Accessibility

If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).

Equal Opportunity / EEO

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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