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Asset Liability Modeling - Associate
Mitsubishi UFJ Financial Group
Los Angeles, CA, United States
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Description
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018) with total assets of over $2.9 trillion (106.2 (JPY) as of March 30, 2018) and 150,000 colleagues in more than 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Job Summary
Reporting to the Director of Asset Liability Modeling, the ALM Modeling Associate will primarily be focused on supporting the Interest Rate Risk (IRR) measurement process, including the Economic Value of Equity (EVE) and Earnings at Risk (EAR) measures. The Associate will leverage the IRR framework for periodic stress testing (CCAR and DFAST), support other deliverables including monthly budget / forecasting needs, implement models and tools and participate in all associated governance. The positon will provide expertise and support with various lines of business and be responsible for ad hoc analysis as needed.
The position performs work that is complex and varied by nature and includes a significant amount of attention to detail and flexibility to support management and regulatory reporting.
Major Responsibilities:
• Own, manage and develop processes associated with periodic Stress Testing (CCAR and DFAST) including specific model and analytical tool implementation
• Contribute to the expanded use of Stress Test processes (increased frequency and integration into other bank processes)
• Support the monthly Interest Rate Risk (IRR) processes associated with Economic Value of Equity (EVE) and Earnings at Risk (EAR)
• Develop a deep understanding of the Bank's balance sheet, individual product profiles and associated risks
• Work with management to craft strategies in the mitigation of Interest Rate and other risk
• Demonstrate outstanding quantitative, communication and presentation skills
Qualifications:
• Bachelor’s or Master’s degree in Computer Science, Business Administration, Financial Engineering, Finance, Economics, Accounting, Mathematics or related discipline
• 1-3 years of related experience in a retail or commercial bank, including accounting, financial reporting, fixed income security analysis, financial modeling, programming, database development, or a combination of education and experience sufficient to satisfactorily perform the duties of this job.
• Experience with Financial Database Systems such as SQL Server, Oracle, Hyperion, etc.
• Knowledge and understanding of a bank’s balance sheet including individual financial instruments (e.g. fixed-income analysis) and regulatory requirements is preferred
• A solid understanding of accounting theory, economic drivers and the banking industry is preferred
• CFA or FRM a plus
• Knowledge of MS Office Suite (emphasis on Excel, Word, PowerPoint and Visio) required
• QRM Enterprise Risk Framework or similar Interest Rate Risk measurement program experience desired
• Knowledge of Python and VBA programming languages preferred
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.