What are the responsibilities and job description for the Funds Transfer Pricing Manager II position at Truist Bank?
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
The Funds Transfer Pricing Manager II is responsible to affect pricing and risk transfer of the firm's liquidity, interest rate risk, and funding positions, to establish the funds transfer pricing policy and framework with oversight from the FTP Committee, and to analyze the impact of Truist's structural risk position(s). The Funds Transfer Pricing Manager II will serve as a key methodology owner and subject matter expert (SME) for the Funds Transfer Pricing methodology for Truist. This senior level position will coordinate all aspects of FTP processing, Reporting, Forecasting/Planning, and assist with other related tasks including the Deposit study.Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Serve as the methodology owner and Subject matter expert for Truist's Funds Transfer Pricing methodology, ensuring consistency in FTP methodologies, processes, controls, and overall governance.
2. The Funds Transfer Pricing Manager II is responsible for FTP end-to-end from QRM calculations to reporting and analysis.
3. Ensure Truist's compliance with applicable regulatory guidance including Federal Reserve SR 16-3 (Interagency Guidance on Funds Transfer Pricing Related to Funding and Contingent Liquidity Risks).
4. Manage monthly processing of FTP results including calculating results, analyzing results and reporting those results to Executive Leadership.
5. Assist as needed in the Corporation's FTP profit planning and forecasting processes.
6. Provide leadership, direction and coaching to Funds Transfer Pricing teammates.
7. Perform variance analysis comparing the FTP profit plan and forecast to actual results and prior forecast.
8. Provide insightful variance explanations to Executive Leadership for performance assessment and strategic decision-making.
9. Compiles, reviews, analyzes, interprets and submits timely and accurate monthly reporting related to the Bank's and LOB's financial performance and/or regulatory/SEC requirements.
10. Report results as needed to Executive Leadership including Strategic ALCO and the FTP Committee.
11. Communicate effectively with all levels of the Corporation.
Required Qualifications:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor's degree in Business / Finance / Economics, or equivalent education and related training
2. Ten years of experience in financial analysis and Funds Transfer Pricing
3. Five years of financial institution work experience as a team leader or supervision
4. Ability to perform financial modeling and analysis related to Truist income statement and balance sheet accounts, lines of business, and Executive Leadership roll-ups
5. Vision and drive to evaluate processes for efficiency and effectiveness and continuously improve
6. Demonstrated ability to be flexible and adaptive in a fast-paced and dynamic work environment
7. Strong interpersonal and communication (verbal and written) skills
8. Demonstrated proficiency in basic computer applications, including Microsoft Office software products
9. Strong working knowledge of Funds Transfer Pricing fundamentals
10. Proficient in QRM application
Preferred Qualifications:
1. Master's degree in finance or business administration
2. Professional designation such as Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA)
3. Financial institution work experience as a team leader or supervisor
4. Knowledge of financial industry business practices
5. Financial system experience, such as SAP or Hyperion
6. Mastery of financial tools, practices, and concepts used by Truist
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.
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