What are the responsibilities and job description for the Vice President, Asset and Liability Management position at SMBC Group?
The anticipated salary range for this role is between $126,000.00 and $170,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
This ALM role will be responsible for supporting the Bank’s Asset Liability Management (ALM) function including forecasting, interest rate risk modeling, funds transfer pricing (FTP), liquidity stress testing, and Asset Liability Management Committee (ALCO) package preparation. Work is varied in nature with changing priorities.
Key Resposibilities
- Coordinate with all levels of management and other departments to gather, analyze, summarize, and prepare IRRBB reports and other Corporate Treasury related reports.
- Work with FPA, Businesses, Liquidity, and other teams to understand the business reasons for risk exposure changes.
- Develop risk analysis tools and conduct variance analysis to get deeper understanding of risk drivers and changes.
- Summarize findings, prepare ALCO package, and present to senior management.
- Monitor activities and exposures to ensure adherence to approved policies and limits. Regularly review existing policies and limits, proposing updates and revisions where necessary
- Adhere to operating policies and procedures and regulatory guidelines and make recommendations within scope of ALM and / or provide input into policy and procedure amendments.
- Responsible for managing the product modeling methodology changes and supporting annual model validation process.
- Responsible for maintaining, updating, and improving, where possible and appropriate, the analytics that support the assumptions recalibration process for the ALM model.
Qualifications and Skills
Salary : $126,000 - $170,000
