Jr Asset Liability Management Analyst

Valley Bank • Paramus, NJ

7d

About The Position

This role involves supporting the Asset Liability Management (ALM) function by loading, reconciling, and validating balance sheet data within the Empyrean ALM modeling platform. The analyst will be responsible for providing interest rate risk and balance sheet analytics, preparing monthly ALCO reporting packages, and conducting assumption monitoring and sensitivity analyses. The position also requires monitoring compliance with ALM policies and limits, managing the schedule for various analytical tasks, and preparing presentations on interest rate risk results. Additionally, the role will provide analytical support for Treasury, Finance, and ALM initiatives, including ad hoc analyses and projects.

Requirements

• Proficient in Microsoft Excel. Ability to create pivot tables and macros and use lookup and logic functions.
• Strong analytical and quantitative skills
• Excellent verbal and written communication skills.
• Ability to prioritize and organize assignments.
• Knowledge of banking industry and banking functions.
• Ability to handle multiple priorities simultaneously.
• Ability to meet strict deadlines and complete projects effectively with little supervision.
• Bachelor's degree in Finance, Accounting, Economics, Mathematics, Business Administration, or a related field.
• Prior internship or short-term experience in banking, finance, treasury, accounting, risk management.

Nice To Haves

• One year of experience in banking/finance preferred.
• Demonstrated interest in asset/liability management, interest rate risk, liquidity management, and financial analysis preferred.

Responsibilities

• Load, reconcile, and validate balance sheet data within the Bank's ALM modeling platform (Empyrean) and provide interest rate risk and balance sheet analytics.
• Prepare the Bank's monthly Asset Liability Committee (ALCO) reporting package.
• Conduct monthly assumption monitoring and sensitivity analyses.
• Monitor compliance with Asset Liability Management policies, limits, and risk thresholds, escalating exceptions and data concerns.
• Manage the schedule for assumption studies, model validations, sensitivity analyses, and ALM reporting requirements.
• Prepare analysis and presentations on interest rate risk results, including support for assumption development, documentation, and model updates.
• Provide analytical support for Treasury, Finance, and ALM initiatives, including ad hoc balance sheet, funding, and profitability analyses and projects.

What This Job Offers

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