Asset Liability Management Associate

Truist Bank • Charlotte, NC

3d

About The Position

This senior-level position supports forecasting Truist’s balance sheet with minimal supervision. The analyst is expected to have extensive knowledge of deposit products and pricing levers, and a strong understanding of how deposits interact with other parts of the balance sheet. The role is responsible for forecasting the firm’s balance sheet and net interest income (NII) outlook.

Asset Liability Management (ALM), within the CFO Group, performs analytics and forecasting for Corporate Treasury and provides senior management with timely analysis of the balance sheet and NII. The analysis helps Truist position its balance sheet in line with its risk appetite and expectations for market dynamics. ALM partners with groups across the enterprise and provides input to key processes and strategic decisions.

The Deposits Forecasting team provides quantitative analytics and guidance for forecasting and managing the firm’s deposit portfolio. It works with Deposits Lines of Businesses and Finance teams to develop balance and NII forecasts used in enterprise corporate planning, interest rate risk management scenarios, and regulatory stress testing. The team also works on initiatives to improve Corporate Treasury efficiency and regularly presents results to executive management.

Requirements

• For the Associate level: 5 or more years of experience in finance, accounting, analytics and reporting, or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, or Business.
• For the Associate level: 2 or more years of Asset Liability Management (ALM) experience at a bank or large financial institution.
• Ability to work effectively both independently and in a team environment.
• Excellent analytical skills and knowledge of a bank’s balance sheet.
• Proficiency in basic computer applications such as Microsoft Office.
• English language fluency is required.

Nice To Haves

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

Responsibilities

• Prepare monthly deposit balance and NII forecasts, document and challenge assumptions, report results to executive management, and explain changes against forecasts and prior periods.
• Conduct standardized and ad hoc analysis to inform strategic decisions about deposit balances and rate-paid management.
• Partner with Lines of Business and Finance teams to ensure forecast accuracy and precision.
• Execute CCAR and other internal stress-testing routines.
• Manage projects and execute changes for key forecasting and analytics initiatives.
• Support quarter-end Investor Relations materials and talking points presented to investors.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Accidental death and dismemberment coverage
• Tax-preferred savings accounts
• 401(k) plan
• At least 10 days of vacation during the first year, prorated as applicable
• 10 sick days, prorated as applicable
• Paid holidays
• Depending on position and division, eligibility for a defined benefit pension plan, restricted stock units, and/or deferred compensation plan

What This Job Offers

• Job Type: Full-time
• Career Level: Senior