What are the responsibilities and job description for the Senior Asset Liability Manager - Interest Rate Risk Management position at Bread Financial?
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Job Summary
The Senior Asset Liability Manager will be a part of the Treasury Team. They will be responsible for managing the organizations mix of interest rate sensitive assets and liabilities in an effort to protect profitability from volatility due to changes in market rates. This requires meeting both legal and regulatory expectations related to interest rate risk management. This role contributes to the implementation and overall management of interest rate risk management processes and procedures, addressing the broader needs of the business. It involves collaboration with different levels of management and external regulators, utilizing advanced analytical skills and showcasing expertise in financial risk management.
Essential Job Functions
- Compile and evaluate monthly reporting packages for the Asset-Liability Management (ALM) Committee and the Board for the enterprise and its banking subsidiaries. This role involves ensuring adherence to all pertinent policies, including those concerning Interest Rate Risk, Hedging, Investing, and Borrowing. - (30%)
- Perform advanced analyses to manage and monitor interest rate risk for the enterprise and each institution. Recommend hedging and strategic actions to mitigate this risk. - (20%)
- Manage and implement behavioral components and models. Create and maintain historical data sets to facilitate optimal data analysis and modeling. - (15%)
- Conduct sensitivity analysis on yield curve, repricing, basis, and option risk, as well as assumptions. Back test model results. Benchmark metrics, limits, valuations, etc. - (15%)
- Oversee and support the update and validation of the model. Ensure comprehensive documentation and ongoing enhancement of the ALM model as per management and regulatory requirements. Verify that all necessary controls and processes are thoroughly documented and tested in accordance with bank policies. - (5%)
- Regularly collaborate with internal audit, enterprise risk, and SOX teams to execute audits, model validations, risk and control self-assessments, control testing, and general second line of defense oversight. - (5%)
- Oversee and support the controls assessment and testing program for the Treasury team as needed. Ensure thorough documentation and control planning for all Treasury processes. - (5%)
- Actively consider the business needs and challenges related to interest rate risk and propose solutions when necessary. Perform various projects as requested by management. Assess all Treasury functions for potential process improvements. - (5%)
Minimum Qualifications
Preferred Qualifications
Skills
Reports To : Director and above
Direct Reports : Up to 1
Work Environment
Travel
Physical and Mental Requirements
To perform this job successfully, an individual must be able to perform each essential job function satisfactorily and meet the physical, mental and work environment requirements. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential job functions, absent undue hardship.
Other Duties
This job description is illustrative of the types of duties typically performed by this job. It is not intended to be an exhaustive listing of each and every essential function of the job. Because job content may change from time to time, the Company reserves the right to add and / or delete essential functions from this job at any time.
Salary Range (unless otherwise noted below) :
133,500.00 - $241,900.00
Full Salary Range for position :
California : $153,500.00 - $302,400.00
Colorado : $133,500.00 - $254,000.00
New York : $146,800.00 - $302,400.00
Washington : $140,100.00 - $278,200.00
Maryland : $140,100.00 - $266,100.00
Washington DC : $153,500.00 - $278,200.00
Illinois : $133,500.00 - $266,100.00
New Jersey : $153,500.00 - $278,200.00
The actual base pay within this range may be dependent upon many factors, which may include, but are not limited to, work location, education, experience, and skills.
Bread Financial offers medical, prescription drug, dental, vision, and other voluntary benefits (including basic and optional life insurance, supplemental medical plans, and short and long-term disability) to eligible associates (regular full-time associates scheduled to work 30 hours per week or more) and their spouses / domestic partners, and child(ren) under the age of 26. New associate elected coverage begins on date of hire (with the exception of disability coverage which has a 6-month waiting period). Six weeks of 100% paid parental leave for eligible parents is available after a 180-day waiting period. Hired associates can immediately enroll in Bread Financial's 401(k) plan.
All associates receive 11 paid holidays. Associates have discretion in managing their time away from work through the Flexible Time Off (FTO) program and may need to notify and receive approval from their manager prior to taking the time off. Associates (except those located in Illinois) receive 80 hours of Paid Sick and Safe Time ("PSST") upon hire and at the beginning of each subsequent calendar year. Illinois associates receive 40 hours of Illinois PSST upon hire and at the beginning of each subsequent calendar year and 40 hours of Illinois Paid Leave upon hire and at the beginning of each subsequent calendar year. Illinois Paid Leave must be used before associates in Illinois will be approved to take FTO.
Hired associates will be able to elect the purchase company stock during offering periods in June and December. You will be eligible for an annual incentive bonus based on individual and company performance.
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About Bread Financial
At Bread Financial, you'll have the opportunity to grow your career, give back to your community, and be part of our award-winning culture. We've been consistently recognized as a best place to work nationally and in many markets and we're proud to promote an environment where you feel appreciated, accepted, valued, and fulfilled-both personally and professionally. Bread Financial supports the overall wellness of our associates with a diverse suite of benefits and offers boundless opportunities for career development and non-traditional career progression.
Bread Financial® (NYSE : BFH) is a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.
To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn.
Job Family :
Finance,Accounting and Banking
Job Type : Regular
Salary : $133,500 - $241,900
