Assistant Corporate Funding Manager

Truist Bank • Charlotte, NC

5d

About The Position

Develop, evaluate, and implement funding strategies to meet the wholesale funding needs of Truist that align with risk framework and assist leading the bank funding team. May manage a team.
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.
Manage critical day-to-day activities of the funding desk, including working closely with Corporate Treasury Operations to ensure sufficient funds are purchased daily to meet Federal Reserve (FRB) balance targets.

Supervise development, execution, and monitoring of short-term funding plan (e.g., Fed Funds, repurchase agreements, institutional CDs, brokered retail CDs, Federal Home Loan Bank (FHLB) Advances, and other short-term funding vehicles.

Manage the short-term cash flow process according to Regulation YY (Enhanced Prudential Standards), including forecasting, backtesting, and sensitivity analyses.

Assist Head of Corporate Funding in procuring/managing all wholesale deposits, short-term debt, and long-term debt of the bank, to obtain the lowest possible funding cost for the Bank. This includes, but not limited to managing funding mix to meet overall balance sheet objectives, manage term funding programs (e.g., Global Bank Note, FHLB Advances, repurchase agreements, brokered sweep/CD programs) including relationship with counterparties/agents in these programs.

Manage, monitor, and maximize wholesale funding channels, including periodic testing of HQLA monetization channels, unsecured instruments, secured borrowings, and securitization.

Work with Asset Liability Management (ALM) team to develop funding forecast and strategies that impact overall Net Interest Income (NII) forecast.
Work closely with Accounting, Reporting, Tax (ART) to evaluate accounting/tax implications of funding strategies. Prepare independent analyses related to funding strategies including issuance, buyback, and refinance that may be presented to leadership, sub-committees, and executive-level committee (e.g., ALCO).

Lead the marginal funding curve (MFC) process executed daily utilized for funds transfer pricing (FTP) and constantly evaluate the funding sources used in the process.

Stay current with applicable liquidity, capital, and interest-rate risk (IRR) regulation, including notice of proposed rulemaking (NPR) that impact funding strategies/actions.
Work with Liquidity Risk team concerning compliance with new regulations.
Ensure internal control procedures are in place for managing funding activities and support the maintenance of Corporate Funding procedures and process flows that align with risk-control self-assessment objectives.

Requirements

• Bachelor’s degree or equivalent education and related training.
• Eight years of experience in banking with direct corporate treasury experience.
• Five years of experience in capital markets, e.g. trading/portfolio management position or closely related work experience.
• Experience in financial markets and capital markets products.
• High degree of technical and interpersonal skills required.
• Ability to think strategically and both short-/long-term implications of actions.
• Firm understanding of liquidity, capital, and interest rate risk concepts as they apply to funding portfolio.
• General understanding of regulatory, accounting, and tax rules as it relates to bank activities.
• Very strong verbal and written communication skills, analytical skills, and business acumen.
• Demonstrated proficiency in computer applications, such as MS Office and Bloomberg.

Nice To Haves

• Masters degree in Business, Economics, or similar concentration
• Chartered Financial Analyst (CFA) designation.
• Thorough understanding of asset liability management and the role of a bank funding portfolio in the ALCO process.
• Proven ability to work well under high pressure in volatile, stress markets.
• Experience with accounting, regulatory, and legal issues related to funding and structured products.
• Experience with offering circulars and other SEC documents used for issuance of GBN/MTN securities.

Responsibilities

• Manage critical day-to-day activities of the funding desk, including working closely with Corporate Treasury Operations to ensure sufficient funds are purchased daily to meet Federal Reserve (FRB) balance targets.
• Supervise development, execution, and monitoring of short-term funding plan (e.g., Fed Funds, repurchase agreements, institutional CDs, brokered retail CDs, Federal Home Loan Bank (FHLB) Advances, and other short-term funding vehicles.
• Manage the short-term cash flow process according to Regulation YY (Enhanced Prudential Standards), including forecasting, backtesting, and sensitivity analyses.
• Assist Head of Corporate Funding in procuring/managing all wholesale deposits, short-term debt, and long-term debt of the bank, to obtain the lowest possible funding cost for the Bank. This includes, but not limited to managing funding mix to meet overall balance sheet objectives, manage term funding programs (e.g., Global Bank Note, FHLB Advances, repurchase agreements, brokered sweep/CD programs) including relationship with counterparties/agents in these programs.
• Manage, monitor, and maximize wholesale funding channels, including periodic testing of HQLA monetization channels, unsecured instruments, secured borrowings, and securitization.
• Work with Asset Liability Management (ALM) team to develop funding forecast and strategies that impact overall Net Interest Income (NII) forecast.
• Work closely with Accounting, Reporting, Tax (ART) to evaluate accounting/tax implications of funding strategies. Prepare independent analyses related to funding strategies including issuance, buyback, and refinance that may be presented to leadership, sub-committees, and executive-level committee (e.g., ALCO).
• Lead the marginal funding curve (MFC) process executed daily utilized for funds transfer pricing (FTP) and constantly evaluate the funding sources used in the process.
• Stay current with applicable liquidity, capital, and interest-rate risk (IRR) regulation, including notice of proposed rulemaking (NPR) that impact funding strategies/actions.
• Work with Liquidity Risk team concerning compliance with new regulations.
• Ensure internal control procedures are in place for managing funding activities and support the maintenance of Corporate Funding procedures and process flows that align with risk-control self-assessment objectives.

Benefits

• 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.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees