Asset Liability Management Associate

Truist • Charlotte, NC

5d

About The Position

This senior-level position supports forecasting the Truist 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 Deposits Forecasting team provides quantitative analytics and guidance for forecasting and managing the firm's deposit portfolio. It works with Deposits Lines of Business and Finance teams to develop balance and NII forecasts used in enterprise corporate planning, interest rate risk management, and regulatory stress testing. The team also contributes to Corporate Treasury initiatives, and presents results regularly to executive management.

Requirements

• Bachelor's degree in Finance, Business, Accounting, a quantitative discipline, or Economics (listed for the Senior Analyst level).
• At least 2 years of banking experience (listed for the Senior Analyst level).
• For the Associate level, at least 5 years of experience in finance, accounting, analytics and reporting, or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, or Business.
• At least 2 years of Asset Liability Management (ALM) experience in a bank or large financial institution (listed for the Associate level).
• Ability to work effectively both independently and in a team environment.
• Excellent analytical skills and knowledge of a bank's balance sheet (listed for the Associate level).
• Proficiency in basic computer applications such as Microsoft Office.

Nice To Haves

• Master of Business Administration (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, 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, including documenting and challenging assumptions, reporting results to executive management, and explaining changes against forecasts and prior periods.
• Conduct standardized and ad-hoc analysis to inform strategic decisions about deposit balances and rate 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
• 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, the role may also be eligible for a defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

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