Truist
Asset Liability Management Senior Associate
Truist, Charlotte, North Carolina, United States, 28245
Asset Liability Management Senior Associate
2 days ago Be among the first 25 applicants
The ALM Senior Associate will serve as a senior subject matter expert (SME) responsible for forecasting the firm’s balance sheet and net interest income and/or monitoring and reporting on the firm’s interest rate sensitivity. The person will leverage and oversee junior analysts to deliver a dynamic and accurate forecast for a set of products on the balance sheet under baseline and stress scenarios.
Asset Liability Management (ALM) is a division within the CFO Group responsible for performing the analytics and forecasting function for Corporate Treasury and providing senior management with accurate and timely analysis of the balance sheet and net interest income (NII). ALM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions.
The Deposits Forecasting team within ALM provides quantitative analytics and informed guidance for forecasting and management of the firm’s deposit portfolio. The team engages with Deposits Lines of Businesses and Finance teams to collaboratively develop a balance and NII forecast that is leveraged for Corporate Planning at the enterprise level, Interest Rate Risk Management scenarios, and regulatory stress test scenarios. In addition, the team engages in project initiatives to enhance overall efficiency across Corporate Treasury. Results of the team’s work are presented to executive management on a regular basis.
Responsibilities
Preparing the deposit balance and NII forecasts each month. This includes documentation and challenge of assumptions, reporting results to executive management, and explaining changes versus forecast, prior month, quarter, or year as needed.
Standardized and ad-hoc analysis to inform key strategic decisions for deposit balance and rate paid management
Partnering with LOBs and Finance to ensure accuracy and precision
Execution of CCAR and other internal stress testing routines
Project management and change execution on key initiatives around forecasting and analytics
Support quarter end Investor Relations materials and talking points presented to investors
Minimum Requirements
Bachelor's Degree in Finance, Business, Accounting, Quantitative, 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 basic computer applications, such as Microsoft Office
Preferred
Chartered Financial Analyst (CFA) Designation
QRM experience
General ledger experience
VB (Visual Basic) experience
Ability to work effectively, as well as independently, in a team environment
Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
Strong analytical skills with high attention to detail and accuracy
Hyperion Essbase experience
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:
All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
Seniority level Not Applicable
Employment type Full-time
Job function Other
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The ALM Senior Associate will serve as a senior subject matter expert (SME) responsible for forecasting the firm’s balance sheet and net interest income and/or monitoring and reporting on the firm’s interest rate sensitivity. The person will leverage and oversee junior analysts to deliver a dynamic and accurate forecast for a set of products on the balance sheet under baseline and stress scenarios.
Asset Liability Management (ALM) is a division within the CFO Group responsible for performing the analytics and forecasting function for Corporate Treasury and providing senior management with accurate and timely analysis of the balance sheet and net interest income (NII). ALM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions.
The Deposits Forecasting team within ALM provides quantitative analytics and informed guidance for forecasting and management of the firm’s deposit portfolio. The team engages with Deposits Lines of Businesses and Finance teams to collaboratively develop a balance and NII forecast that is leveraged for Corporate Planning at the enterprise level, Interest Rate Risk Management scenarios, and regulatory stress test scenarios. In addition, the team engages in project initiatives to enhance overall efficiency across Corporate Treasury. Results of the team’s work are presented to executive management on a regular basis.
Responsibilities
Preparing the deposit balance and NII forecasts each month. This includes documentation and challenge of assumptions, reporting results to executive management, and explaining changes versus forecast, prior month, quarter, or year as needed.
Standardized and ad-hoc analysis to inform key strategic decisions for deposit balance and rate paid management
Partnering with LOBs and Finance to ensure accuracy and precision
Execution of CCAR and other internal stress testing routines
Project management and change execution on key initiatives around forecasting and analytics
Support quarter end Investor Relations materials and talking points presented to investors
Minimum Requirements
Bachelor's Degree in Finance, Business, Accounting, Quantitative, 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 basic computer applications, such as Microsoft Office
Preferred
Chartered Financial Analyst (CFA) Designation
QRM experience
General ledger experience
VB (Visual Basic) experience
Ability to work effectively, as well as independently, in a team environment
Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
Strong analytical skills with high attention to detail and accuracy
Hyperion Essbase experience
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:
All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
Seniority level Not Applicable
Employment type Full-time
Job function Other
Referrals increase your chances of interviewing at Truist by 2x
Get notified about new Senior Management Associate jobs in
Charlotte, NC .
#J-18808-Ljbffr