What are the responsibilities and job description for the Asset Liability Manager position at Seacoast Bank Careers?
JOB SUMMARY:
Seeking an Asset Liability Manager to oversee and manage the day-to-day interest rate risk for the bank. This includes developing and running IRR models to develop strategies to hedge the bank’s risk and managing net interest margin fluctuations. The role would also include configuration and monitoring of behavioral models underlying the IRR framework.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Manages process and policies used in ALM modeling, establishing and monitoring IRR risk limits as a part of the governance process in line with supervisory agency guidance
- Develops and follows documentation
- Responsible for Asset Liability Committee (ALCO) quarterly reporting and presentation of results to ALCO
- Ensures accuracy of the model through back-testing process and review of key results
- Supports ALM validation process with external testing vendor
- Utilizes interest rate risk knowledge to model potential IRR and hedging strategies and communicates recommendations based on findings
- Utilizes model and knowledge base for IRR stress testing based on agency guidance
- Supplies interest rate risk measurements and fair value data for quarterly and annual regulatory agency filings
- Assists with the production of quarterly forecast updates of net interest income and annual updates on internal strategic planning
- Develops sensitivity analyses on prepayment speeds and deposit betas/decay.
- Presents model assumptions and line of business specific strategies Executive Management on a recurring basis
- Acts as the liaison with external auditors and regulators such as the OCC on matters related to Asset Liability Management
- Some understanding of FTP and other internal profitability metrics
- Adhere to Seacoast Bank’s Code of Conduct.
EDUCATION and/or EXPERIENCE:
- 5 years of banking experience with concentration in Asset Liability Management or related discipline
- BS degree in Finance, Economics, Accounting, Business, or related fields
- MS in related field preferred
- Extensive knowledge in interest rate risk, asset liability, and financial modeling
- Empyrean ALM system software preferred, with knowledge of other systems (QRM or BancWare) considered.
- Strong communication and interpersonal skills
- Ability to work in a fast-paced, team environment with little supervision
The Statements above are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of responsibilities, duties, and skills. Because these statements are general, the job description is used for a variety of purposes including job evaluations; performance reviews; recruitment; etc. All Associates are required to adhere to the highest legal and ethical standards applicable to our industry. It is the policy of Seacoast Bank that all Associates will be familiar and compliant with all regulatory, legal, ethical and Bank risk mitigation requirements pertaining to both our industry and their individual roles. This includes the on time, successful completion of annual required training post-hire and effective execution of role responsibilities.
