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Senior Asset Liability Analyst
United Community Banks
Greenville, SC, United States
Job Details - this job has expired, please see similar jobs below
Reports to: Director of Treasury Analytics
Direct Reports: N/A
Ensure full documentation is maintained for all AL processes and procedures to ensure business continuity and to provide a basis for process auditing. Assist with other Treasury department projects as needed. Maintain Compliance with Model Policy.
JOB REQUIREMENTS:
• Bachelor’s degree in finance, economics, mathematics or other related field, CFA or FRM preferred or the equivalent work experience threof;
• Experience with database management;
• 5 or more years’ experience in Asset Liability Management;
• Excellent analytical and communication skills;
• Microsoft Office proficiency;
• Ability to multitask under time constraints.
• Participate in all required compliance training, including Bank Secrecy Act/anti-money laundering training, as well as internal and external training programs, online training, meetings, and seminars/conferences, etc.
JOB FUNCTIONS:
• Manage the quantification and reporting of the institution’s interest rate risk (IRR) position using the company’s ALM software model (the “Model”);
• Oversee and supervise the running of the Model and have a thorough understanding of how the Model functions, the assumptions being used in the Model and how Model output is impacted by changes in the balance sheet, assumptions and interest rates;
• Oversee and supervise the updating, maintenance and documentation of Model input assumptions and ensure assumptions are reviewed and approved no less that annually by both the Asset Liability Management Committee (“ALCO”) and the Board;
• Using the Model, oversee or supervise production of monthly IRR measurements such as Earnings at Risk (“EAR”) and Economic Value of Equity (“EVE”);
• Reconcile the Model to actual balance (G/L);
• Ensure for timely and accurate analysis of IRR results and coordinate the aggregation of this and other reporting information with other functional areas within Treasury and compile ALCO and Board reporting materials and presentations;
• Ensure regulatory compliance with annual IRR model validation requirements as well as any other regulatory requirements;
• Ensure compliance with ALM policy and the company’s Risk Appetite Statement and immediately report exceptions to the Director;
• Track all requests for additional information or analysis from ALCO and ensure proper follow up;
• Ensure ALCO meeting minutes are produced and provided for review in a timely fashion;
• Ensure Model is kept updated to the latest software version in a timely fashion or as appropriate;
• Be completely familiar with regulatory guidance, such as SR Letters and the Examiner’s Handbook, with respect to asset-liability management, ensure direct reports are also familiar with such guidance, and maintain copies of recent guidance documents for reference.
• Oversee the Net Interest Margin (“NIM”) component of the forecasting and budget processes;
• Oversee forecasting of capital ratios under both normal operating conditions and stress conditions utilizing outputs from the credit stress testing model;
• Monitor, analyze and report monthly changes in NIM;
• Identify and periodically review as appropriate Key Performance Indicators (“KPIs”) and Key Risk Indicators (“KRIs”) with respect to capital at risk, make recommendations for updates or changes thereto and report periodically to ALCO and the Board;
• Oversee ALCO and Board reporting of capital spot and stress capital ratios;
• Monitor loan and deposit origination volumes, tenors, structures, spreads and pricing;
• Oversight of ALCO reporting of loan and deposit pricing and growth;
• Preparation of materials for pricing committee.
• Participate in credit stress testing initiative:
Act as back up to Stress Testing Manager.
Other duties as assigned