What are the responsibilities and job description for the Senior Asset Liability Management Associate 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 Sr ALM Associate will serve as a subject matter expert for a product or portfolio in the balance sheet and be responsible for forecasting NII (net interest income) for the bank in baseline and stress scenarios.
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. Prepare the ALM forecast each month for a certain product and/or portfolio. This includes documentation and challenge of assumptions, reporting results to executive management, and explaining changes versus forecast, prior month, quarter, or year as needed
2. Perform ad-hoc analysis to inform key strategic decisions for investment portfolio management and funding management
3. Partner with Liquidity and Capital to ensure risk is managed
4. Execute of CCAR and other internal stress testing routines
5. Manage projects and change execution on key initiatives around forecasting and analytics
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. 5 years of experience in one or a combination of the following: finance, accounting, analytics and reporting; or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, Business
2. 2 years in Asset Liability Management (ALM) in a bank or large financial institution
3. Ability to work effectively, as well as independently, in a team environment
4. Excellent analytical skills and knowledge of bank's balance sheet
5. Demonstrated proficiency in basic computer applications, such as Microsoft Office
Preferred Qualifications:
1. A Master of Business Administration (MBA) or Chartered Financial Analyst (CFA) Designation
2. Knowledge and understanding of asset liability or liquidity management software, especially QRM
3. Experience in financial statements, projections, and financial modeling
4. General ledger experience
5. VB (Visual Basic) experience
6. SQL experience
7. Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
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 is an Equal Opportunity Employer that does not discriminate 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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