Asset Liability Management Senior Associate - ALM
TruistAbout the role
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
The ALM Senior Associate will be responsible for consolidation and reporting of the firm’s balance sheet and net interest income.The candidate will be part of the ALM Consolidation team, within the ALM group, which leads the balance sheet and NII consolidation for baseline and stress scenarios. The team develops key reports and analytics that are leveraged in the strategic and risk oversight and reporting of balance sheet products across assets and liabilities. Additionally, the team also engages in project initiatives to improve overall efficiency within the Corporate Treasury. The candidate will leverage support from junior team members to meet the team’s priorities and objectives
ALM group, which is a part of the Corporate Treasury function, is responsible for balance sheet and NII forecasting and providing senior management with accurate and timely forecast analysis. The analysis carried out by this team provides a framework for Truist to position its balance sheet in accordance with its risk appetite and expectations for changes in market dynamics.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
- Support and manage CCAR and other internal stress testing routines and deliverables, including successful completion of all stress testing governance expectations.
- Prepare the consolidated balance sheet and NI reporting packages for the ALM group. This includes documentation and challenge of assumptions, reporting results to executive management, and explaining changes versus forecast, prior month, quarter, or year as needed.
- Develop and deploy new forecast reporting routines, identify data requirements, conduct testing, and complete related documentation requirements.
- Project management and change execution on key initiatives around forecasting and analytics.
- Partner with Finance, Accounting, Liquidity, Capital, and Risk for various reporting and analysis requests.
- Subject matter expert on accounting and regulatory reporting requirements and reporting processes for assigned area of responsibility.
- Support quarter end Investor Relations materials and talking points presented to investors.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Bachelor’s degree in finance, Business, Accounting, or Economics
- 5+ years of experience in banking, 3+ years in asset/liability management (ALM).
- Understanding of financial market dynamics, interest rates, accounting, and financial products
- Ability to interact at all levels of management.
- Excellent analytical skills and knowledge of bank's balance sheet.
- Demonstrated proficiency in computer applications, such as Microsoft Office.
Preferred Qualifications:
- Master of Business Administration (MBA) or Chartered Financial Analyst (CFA) Designation.
- Experience with stress testing/Comprehensive Capital and Analysis Review (CCAR)
- Advanced Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills.
- General ledger experience.
- Hyperion Essbase experie
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