Asset Liability Manager

Under the direction of the Corporate Treasurer, the Asset Liability Manager will play a critical role by managing asset liability reporting. You will be part of the TowneBank Accounting department based in Suffolk, VA.

Essential Responsibilities:

• Perform Net Interest Income and Economic Value of Equity risk analysis
• Develop forecasts as part of various forecasting, budgeting and stress testing exercises
• Develop and document assumptions used in ALM analysis
• Back test assumptions and results to validate and improve forecasting
• Communicate results to senior management and regulators
• Develop model documentation and process documentation for Model Risk Management
• Manage software updates and integration with other bank applications
• Mentor the work of junior analysts
• Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
• Other duties as assigned.

Minimum Required Skills & Competencies:

• 5 years of direct bank treasury experience with emphasis on ALM and work with Empyrean, Fiserv ALM, Bancware, QRM, or ZM System
• Four-year degree; CPA & MBA or other advanced degree preferred
• Strong analytical abilities
• Excellent communication, organizational and interpersonal skills
• Ability to manage multiple deadlines
• Proficient in Microsoft Office applications, Excel, Powerpoint, Word and Access
• Understanding of investment securities, interest rate derivatives and related market applications
   

Desired Skills & Competencies:

• Working knowledge of FIS IBS core applications
• Working knowledge of interest rate risk and terminology
• Working knowledge of Fiserv Accounting Systems (DMS, ALM, FTP, MPC and Prologue)
• Working knowledge of Empyrean ALM software and modules
• Working knowledge of Workday Adaptive Planning EPM software

Physical Requirements:

• Express or exchange ideas by means of the spoken word via email and verbally.
• Exert up to 10 pounds of force occasionally, use your arms and legs, and sit most of the time.
• Have close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.
• Not substantially exposed to adverse environmental conditions.
• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities.