As a Director of Balance Sheet Management you will be responsible for managing the asset liability management functions and related risks for the corporation. Responsibility for directing all measurement and analysis of interest rate exposures. Develops balance sheet strategies which achieves and optimizes the corporation's net interest income and capital targets within acceptable risk levels. Develops forecasts of net interest income under various economic scenarios and recommends strategies to executive management to achieve targeted income levels. Ensures interest rate risk modeling assumptions are accurate, reasonable and appropriately documented. Recommends model adjustments/changes, ensuring modeling capabilities are sufficient for the organization and analysis is consistent with industry best practice standards. Works closely and effectively with the segment CFOs and support leaders to understand key business strategies, business trends, and product promotions. Communicate with regulators, internal auditors, and the risk segment regarding key asset/liability management issues. Manage team of highly skilled professionals, managing work flow and tasks, and measuring and driving performance
Manages the measurement and analysis of all interest rate risk for the corporation. Responsible for analyzing and forecasting interest rate risk and liquidity measures.
Directs balance sheet strategy decision making by recommending to executive management balance sheet strategies to achieve stable net interest income while reducing interest rate risks.
Directs monthly and quarterly analysis of the net interest margin of actual vs. forecast highlighting areas of performance and concerns
Develops economic studies which are used to determine most likely outcomes of the corporation's financial performance in a variety of economic scenarios and recommends strategies to reduce adverse scenarios. Develops monthly scenario analysis depicting the balance sheets' earnings and risk using alternative strategies.
Participates in corporate pricing committees (retail/wealth/commercial) on pricing matters to ensure the margin is stable and financial goals are achieved.
Direct and monitor ALCO modeling governance processes to ensure correct application of analytic theory, methodology, assumptions and accurate behavior.
Supports the Treasurer and CFO with M&A analysis and various ALM projects
Bachelor degree in Accounting, Economics, or Finance
Minimum 10+ years asset-liability management experience in a major financial institution, including the supervision of staff associates.
MBA, CFA, or MS Degree in Finance strongly preferred.
In depth, hands-on experience measuring interest rate risk and forecasting net interest income using the QRM asset liability model.
Strong understanding of liquidity risk management, funds transfer pricing, bank balance sheets and off-balance sheet derivatives commonly used for asset/liability management purposes.
Excellent oral and written communication skills and interpersonal skills, with the ability to build cross-organizational relationships. Proven organizational skills, including the ability to handle multiple tasks simultaneously and to establish priorities.
Proven ability to motivate, coach, mentor and develop the skills of staff, and to provide leadership through emphasis on continual improvement of processes and tools.
Extensive knowledge of capital markets, deposit pricing and customer behavior modeling.
Excellent communication skills and an ability to present findings on complex issues clearly to internal clients including management, both written and orally
Strong organizational skills combined with the ability to work independently
Detailed oriented with strong analytical skills with proven ability to process large datasets into meaningful information
Intrinsic ability to look at data/results and identify patterns, problems, or analysis opportunities
Analytic reasoning capabilities and/or business intelligence experience
Comfort working with complex financial products
Ability to thrive in a dynamic and fast-paced environment
Ability to work within a team environment, as well as independently
Good time management, organizational, and interpersonal skills
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Additional Salary Information: Base salary, plus bonus