ALM Management Specialist - Assistant Vice President
About The Position
Treasury Markets Investments (“TMI”) is a fast paced, dynamic function that connects Corporate Treasury to the Capital Markets; we partner with businesses across the franchise and infrastructure functions to provide funding and risk management services and expertise. The Asset Liability Management function (“ALM”) is an integral part of TMI and focuses on interest rate management of the banking book (“IRRBB”). You will drive the organization forward through active risk management, by developing subject matter expertise on industry topics and a deep knowledge of markets, exhibiting a high degree of professionalism to partner with many areas of the Bank. You will be responsible for measuring, analyzing and reporting interest rate risk in the banking book. As part of this mandate – you will also manage interest rate risk by using derivatives and develop risk mitigation strategies that benefit the Bank commercially (P&L) and meet the rigorous standards/limits set forth by our partners in risk functions. What We Offer You A diverse and inclusive environment that embraces change, innovation, and collaboration A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days Employee Resource Groups support an inclusive workplace for everyone and promote community engagement Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits Educational resources, matching gift and volunteer programs
Requirements
- Bachelor’s degree in Finance, Economics, Mathematics, or a related field; Master’s or CFA/FRM designation is a plus
- 3–7 years of experience in ALM, Treasury, Risk Management, or related functions within a financial institution
- Partner with business functions outside of Treasury to ensure ALM support to strategic initiatives and to keep ALM informed on activities affecting the banking book
- Stay current on regulatory developments, market trends, and best practices in ALM / IRRBB
- Strong understanding of IRRBB concepts, including EVE, NII, and their sensitivities
Nice To Haves
- Experience with ALM systems (e.g., QRM) and data analysis tools (e.g., Excel, SQL, Python)
- Familiarity with regulatory frameworks and local US regulatory guidance
- Excellent analytical, communication, and stakeholder management skills.
Responsibilities
- Monitor, measure, and report Interest Rate Risk in the Banking Book (IRRBB) using models governed under regulatory frameworks
- Support the ALM function in performing scenario analysis, stress testing, and sensitivity analysis related to interest rate movements
- Mitigate interest risk by executing ALM hedging programs, provide risk management support including risk analysis and reporting, propose and seek approval for new hedging strategies
- Assist in the preparation of ALCO materials and regulatory submissions
- Provide subject matter expertise on the modeling of banking book positions such as non-maturity deposits, mortgage loans, and other banking book positions
- Develop and enhance the framework for risk monitoring and reporting
- Ensure model monitoring and maintenance is executed while aligned to model risk protocols
Benefits
- A diverse and inclusive environment that embraces change, innovation, and collaboration
- A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
- Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
- Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
- Educational resources, matching gift and volunteer programs
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
