Jr Asset Liability Management Analyst

vnbcareers; Paramus (NJ); On-site; USD 68,000 - 90,000; Full time

Job summary

vnbcareers in Paramus, NJ is seeking an ALM Analyst to support interest rate risk and balance sheet analytics within the bank's modeling framework. You will load and reconcile data in Empyrean, assist in ALCO reporting, and perform assumption monitoring and sensitivity analyses.

You will collaborate with Treasury and Finance on analyses, model updates, and ad hoc balance sheet projects, requiring strong Excel skills and a solid grounding in banking concepts.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Mathematics, or related field.
• Internship or short-term banking/finance experience.
• Proficient in Excel with pivot tables, macros, lookups, and logic functions.
• Strong analytical and quantitative skills.
• Excellent written and verbal communication.
• Ability to manage multiple priorities and meet deadlines.
• Experience in ALM, liquidity management, or interest rate risk is a plus.

Responsibilities

• Load, reconcile, and validate balance sheet data in the Empyrean platform for IRR and balance sheet analytics.
• Prepare the monthly ALCO reporting package.
• Conduct monthly assumption monitoring and sensitivity analyses.
• Monitor ALM policies, limits, and risk thresholds and escalate exceptions.
• Manage schedule for assumption studies, model validations, sensitivity analyses, and ALM reporting.
• Prepare analyses and presentations on interest rate risk and model updates.
• Provide analytical support for Treasury, Finance, and ALM initiatives.

Skills

Excel

Pivot tables

Macros

Lookup functions

Analytical skills

Communication skills

Prioritization

Banking knowledge

Multitasking

Deadline-oriented

Education

Bachelor's degree in Finance/Accounting/Economics/Mathematics/Business Administration

Tools

Empyrean

Job description

Responsibilities include but are not limited to:

• Load, reconcile, and validate balance sheet data within the Bank's ALM modeling platform (Empyrean) and provide interest rate risk and balance sheet analytics.
• Prepare the Bank's monthly Asset Liability Committee (ALCO) reporting package.
• Conduct monthly assumption monitoring and sensitivity analyses.
• Monitor compliance with Asset Liability Management policies, limits, and risk thresholds, escalating exceptions and data concerns.
• Manage the schedule for assumption studies, model validations, sensitivity analyses, and ALM reporting requirements.
• Prepare analysis and presentations on interest rate risk results, including support for assumption development, documentation, and model updates.
• Provide analytical support for Treasury, Finance, and ALM initiatives, including ad hoc balance sheet, funding, and profitability analyses and projects.

Required Skills:

• Proficient in Microsoft Excel. Ability to create pivot tables and macros and use lookup and logic functions.
• Strong analytical and quantitative skills
• Excellent verbal and written communication skills.
• Ability to prioritize and organize assignments.
• Knowledge of banking industry and banking functions.
• Ability to handle multiple priorities simultaneously.
• Ability to meet strict deadlines and complete projects effectively with little supervision.

Required Experience:

• Bachelor's degree in Finance, Accounting, Economics, Mathematics, Business Administration, or a related field.
• Prior internship or short-term experience in banking, finance, treasury, accounting, risk management.

Preferred Experience:

• One year of experience in banking/finance preferred.
• Demonstrated interest in asset/liability management, interest rate risk, liquidity management, and financial analysis preferred.