VP, IRR and Balance Sheet Strategy

At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursement--available to all full and part time employees.  Part time positions start at a minimum of 30 hours per week.

We encourage you to become a part of VyStar Credit Union's family of employees.

VP, IRR and Balance Sheet Strategy

ACCOUNTABILITY STATEMENT

The role is within the Treasury group that consists of liquidity, interest rate risk (IRR) and portfolio management. The VP, IRR and Balance Sheet Strategy role will assist the SVP, Investments, ALM and Liquidity in conducting the broader department mission of managing liquidity, assessing interest rate risk, investing funds, application of derivatives, assessing net interest income (NII) and balance sheet strategy.
The Treasury group is also responsible for supporting the budget and forecasting process by projecting the NII component. The IRR and Liquidity groups of Treasury assist in this process by generating dynamic NII calculations based on organization assumptions.

The position oversees the management and reporting regulatory Net Economic Value (NEV) and NII. The incumbent will recommend and oversee strategies to optimize the balance sheet for NII within allocation constraints, capital needs and risk tolerances. In doing so, they will analyze and assess exposure to interest rate fluctuations and movements that will negatively impact VyStar’s risk tolerance or regulatory compliance.

Additionally, the position will have strategic responsibilities to recommend and implement opportunities to optimize the balance sheet structure to improve NII, NEV and capital along with reducing concentration and risk profiles.

ESSENTIAL FUNCTIONS

Interest Rate Risk Management:

• Developing and implementing VyStar’s IRR management framework and strategies that involve Identifying, measuring, monitoring and controlling exposure to interest rate fluctuations

• Monitoring key risk measures that impact regulatory and non-regulatory IRR stress metrics

• Managing the quarterly measurement and reporting of regulatory NEV and NII analysis

• Managing NII calculations and supporting the budget forecasting process

• Managing ad-hoc NEV and NII analysis for new products, projects and opportunities for risk management

• Ensuring the integrity of ALM model assumptions, calculations and documentation

Balance Sheet Management:

• Optimizing VyStar’s assets, liabilities and capital to improve the financial health and achieve strategic objectives

• Aligning the maturities and repricing characteristics of assets and liabilities to minimize interest rate risk and optimize earnings

• Applying strategies for duration management and interest rate hedging to improve VyStar’s risk profile

• Leading the Balance Sheet Management working group to identify and monitor risks and recommend opportunities to create a more resilient balance sheet that supports long-term financial health and strategic goals

• Using the Balance Sheet Management working group and other forums to identify and recommend opportunities to enhance NII and stay within risk and IRR tolerances

Risk Management:

• Identifying and measuring sensitives of assets and liabilities to rate movements and member behaviors

• Mitigating interest rate risk exposures that can impact profitability and financial stability

• Monitoring for consistency between VyStar’s ALM risk profile and its stated organizational risk profile for interest rate risk

• Collaborating with risk management to ensure adequate control frameworks

Strategy and Collaboration:

• Actively working with the Liquidity area of Treasury to ensure availability funds and application of derivatives to lower funding costs or reduce risk

• Partnering with the Investment Portfolio Management area of Treasury to ensure ALM model accuracy and an appropriate portfolio structure and security selection

• Strategically working with Capital Planning and Stress Testing (CPST) to develop and maintain economic and interest rate scenarios in the ALM system that can be used as part of the regulatory capital stress testing process

• Developing and adapting strategies in response to market, industry, risk and regulatory changes

• Collaborating with various internal stakeholders such as FP&A, Accounting, Capital Planning and Stress Testing, IT and Enterprise Risk Management

• Interacting with external parties like software vendors, model validation c