Manager, Interest Rate Risk Forecasting

Raymond James; Saint Petersburg (FL); Hybrid; USD 120,000 - 190,000; Full time

Job summary

Raymond James is seeking a Senior Financial Analyst to support its interest rate risk modeling and related analyses. The role focuses on enhancing risk models, back-testing, and timely result preparation for management and board review.

The successful candidate will be a self-starter, capable of meeting tight deadlines, and adept at solving complex problems while collaborating with Risk, Finance, and regulatory teams. Hybrid work out of St. Pete, FL is offered.

Qualifications

• Bachelor’s Degree, preferably in Finance or related field, with 5+ years of experience.
• Bank Holding Company experience preferred.
• Experience with Empyrean, QRM or other asset/liability modeling software.
• Equivalent combination of experience or education may be considered.

Responsibilities

• Assist with planning and executing strategic initiatives on interest rate risk.
• Oversee model execution and deliver timely analyses and reports.
• Prepare analyses for RJF Board and management committees.
• Assist Risk Management, Internal Audit, regulators as needed.
• Identify process improvements to increase efficiency and train others.

Skills

Financial analysis

Strategic thinking

Leadership

Effective communication

Education

Bachelor’s: Finance

Bachelor’s: Accounting

Bachelor’s: Business Administration

Tools

Empyrean

QRM

Excel

Job description

Job Description Summary

This position manages Financial Analysts and will perform a wide range of other economic or financial analyses such as competitive trends, pricing, cash flow, product line evaluation, and capital additions. Reports may include, external economic trends, matters of potentially significant financial impact to the company, long‑term profit or loss forecasts to facilitate management review of capital appropriations, expansion strategies, product line changes, evaluate and provide recommendations for pricing practices and review significant pricing decisions for economic soundness.

Job Description

Under limited supervision, uses specialized knowledge and skills obtained through education and experience to support the Firm as it continues to enhance its Interest Rate Risk modeling capabilities in preparation for continued growth and additional regulatory requirements associated with firms in excess of $100 billion. The role will focus on the enhancement and buildout of the firm’s Interest Rate Risk modeling and timely preparation of results for management. A successful candidate will have a demonstrated history of being an individual self-starter, working efficiently to meet tight deadlines, and recommending solutions to complex problems.

Essential Duties and Responsibilities

• Assists Finance leadership with planning and executing strategic initiatives, with a focus on enhancing, building, maintaining, and running interest rate risk shock scenarios, back-testing, and maintenance and sensitivity testing of key assumptions.

• As interest rate risk processes are developed and finalized, oversees business as usual related to model execution and produces quality deliverables in a timely manner.

• Prepares analyses and reports for the RJF Board of Directors and management committees.

• Assists with requests from Risk Management, Internal Audit, and regulators.

• Researches and makes recommendations to resolve issues.

• Stays abreast of evolving regulatory requirements.

• May be responsible for the oversight and management of direct reports.

• Identifies and recommends process improvements to increase efficiency in analyzing financial information.

• Assists in training others.

• Performs other duties and responsibilities as assigned.

Knowledge of

• Specific subject matter expertise regarding area of responsibility and a solid business understanding of Raymond James products and services.

• Financial analysis concepts, practices, and procedures.

• Fundamental concepts of financial markets.

• Financial risk management and mitigation strategies to support sound financial planning.

• Regulatory expectations for Large Financial Institutions (LFI).

Ability to

• Gather and analyze financial information to identify key trends, risks, and insights. Analyze issues, evaluate alternatives, develop proposals, and present recommendations.

• Use Excel for financial modeling, data manipulation, and creating financial forecasts.

• Leverage the Empyrean asset and liability management system for forecasting and reporting.

• Communicate effectively, both orally and in writing, across all organizational levels,

• Make independent decisions and solve complex problems.

• Partner with other functional areas to accomplish objectives.

• Proactively address issues and develop solutions.

• Reengineer existing processes and implement process improvement initiatives.

Education/Previous Experience

• Bachelor’s Degree, preferably with a major in Finance or a related field. Minimum of five (5) years of experience

• Experience with Bank Holding Company requirements preferred.

• Experience with Empyrean, QRM, or other asset and liability or balance sheet modeling software.

• or

• Any equivalent combination of experience, education and/or training approved by Human Resources.

Licenses/Certifications

• None Required

Travel Required: <5%

This role is hybrid out of St Pete, FL

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

General Experience - 6 to 10 years, Manager Experience - 3 to 6 years

Workstyle

Hybrid

Travel

Less than 25%

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm’s core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.