What are the responsibilities and job description for the Asset Liability Management Analyst position at Farmers State Bank?
POSITION SUMMARY: As an Asset Liability Management (ALM) Analyst, you will play a crucial role in monitoring, analyzing, and managing the financial risks associated with the company's assets and liabilities. The primary focus will be on maintaining an optimal balance between assets and liabilities to ensure the financial stability and long-term success of the organization.
PRIMARY ACCOUNTABILITIES AND RESPONSIBILITIES:
ACCOUNTABILITY 1: Risk Analysis
- Conduct regular assessments of interest rate risk, liquidity risk, and market risk.
- Utilize financial models and analytics tools to evaluate potential risks and opportunities.
- Monitor and analyze the impact of economic trends on the organization's financial position.
ACCOUNTABILITY 2: ALM Strategy
- Develop and implement effective ALM strategies to align with organizational goals.
- Collaborate with internal teams to ensure alignment between business objectives and ALM activities.
- Recommend adjustments to strategies based on changing market conditions.
- Oversight of investment portfolio, strategy & purchasing of investments
- Responsible for all I investment and ALM policies
- Directing and overseeing special projects related to ALM
- Participate in pricing strategy for both loans and deposits
ACCOUNTABILITY 3: Reporting and Documentation
- Prepare and present comprehensive reports on ALM performance and risk exposures.
- Maintain accurate documentation of ALM strategies, assumptions, and methodologies.
- Provide clear and concise communication of complex financial concepts to Bank leadership and Board of Directors.
ACCOUNTABILITY 4: Regulatory Compliance
- Stay informed about regulatory requirements related to ALM and ensure compliance.
- Collaborate with compliance teams to implement and maintain policies and procedures.
ACCOUNTABILITY 5: Scenario Analysis
- Conduct scenario analysis to evaluate the impact of various economic scenarios on the organization.
- Develop stress-testing models to assess the resilience of the balance sheet under adverse conditions.
- Responsible for interest Rate Risk management/modeling and reporting to ALCO and Board of Directors
ACCOUNTABILITY 6: ALCO responsibilities
- Chair of Management ALCO committee
- Analyze and present ALM/IRR/Balance sheet strategies to ALCO/board for implementation
EDUCATION, EXPERIENCE, AND OTHER REQUIREMENTS:
- Bachelor's degree in Finance, Economics, or a related field. Advanced degree (MBA, CFA or CTP) is a preferred
- Proven experience in Asset Liability Management within the financial industry.
- Strong analytical skills and proficiency in financial modeling.
- In-depth knowledge of financial markets, interest rate dynamics, and regulatory requirements.
- Excellent communication and presentation skills.
- Ability to collaborate effectively with cross-functional teams.
- Strong interpersonal skills
- Effective communication skills
- Experience with Microsoft Office (Word, Excel, PowerPoint) preferred
- Strong attention to detail
- Good organizational skills with the ability to multi-task and prioritize
- The ability to work with confidential materials
- The ability to contribute in a team environment, ensuring that both individual and departmental goals are met
- Desire and ability to abide by the Bank's core values
Performance Measures
- Accuracy of work
- Timeliness of work, ability to meet predetermined deadlines
- Sound decision-making and problem-solving skills to include analytical analyses and recommendations
- Compliance adherence
- Internal customer service feedback
- Assists with continual improvement of bank efficiency ratio, via both expense control and income generation
- Retains all key direct reports, with limited turnover
