Asset Liability Management Associate or Senior Associate

Truist•Charlotte, NC

6d•Onsite

About The Position

The Asset Liability Management (ALM) division, part of the CFO Group, is responsible for performing analytics and forecasting for Corporate Treasury. This role will serve as a subject matter expert (SME) in forecasting the firm’s balance sheet and net interest income, and/or monitoring and reporting on the firm’s interest rate sensitivity. The position requires extensive knowledge of investments, loan products, deposits, long-term debt products, and derivatives. The team provides senior management with accurate and timely analysis of the balance sheet and net interest income (NII), enabling Truist to align its balance sheet with its risk appetite and market expectations. ALM collaborates closely with various enterprise groups, contributing key insights to strategic decisions. The Treasury Forecasting team within ALM offers quantitative analytics and guidance for managing the firm’s discretionary investment and funding portfolios to balance risks and stabilize returns. The team develops reports and analytics for executing investment and hedging transactions using on- and off-balance sheet products. Additionally, the team participates in project initiatives to improve efficiency within Corporate Treasury. The results of the team’s work are regularly presented to executive management.

Requirements

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+ years in Asset Liability Management (ALM) in a bank or large financial institution.
Ability to work effectively, as well as independently, in a team environment.
Excellent analytical skills and knowledge of bank's balance sheet.
Demonstrated proficiency in basic computer applications, such as Microsoft Office.

Nice To Haves

MBA or Chartered Financial Analyst (CFA) Designation
General ledger experience
VB (Visual Basic) experience
SQL experience
Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills.
Knowledge and understanding of asset liability or liquidity management software, especially QRM.
Knowledge and understanding of financial analysis, forecasting, and analyzing interest income and balance sheet behavior.
Strong analytical skills with high attention to detail and accuracy.
Experience in financial statements, projections, and financial modeling.
Hyperion Essbase experience.
Asset and Liability Management (ALM) experience.

Responsibilities

Preparing investment, funding and hedging portfolio forecasts each month, including documentation and challenge of assumptions, reporting results to executive management, and explaining changes versus forecast, prior month, quarter, or year as needed.
Performing standardized and ad-hoc analysis to inform key strategic decisions for investment portfolio, swap portfolio, and funding management.
Partnering with Liquidity and Capital teams to ensure risk is managed holistically.
Executing CCAR and other internal stress testing routines.
Executing quarterly Bank legal entity forecast.
Managing projects and driving change on key initiatives related to forecasting and analytics.
Supporting quarter-end Investor Relations materials and talking points presented to investors.