Asset Liability Management Analyst

Job ID
2017-2131
Corporate
Type
Full-Time
1600 Redbud Boulevard
# of Openings
1
US-TX-McKinney

Overview

The Asset Liability Management (ALM) Analyst is responsible for providing analysis and reporting of interest rate risk to support strategic and tactical management decisions. The position will work closely and collaboratively with various members of the Accounting and Finance departments to develop accurate assumptions and financial models.Demonstrates a moderate level of knowledge of Bank Secrecy Act and OFAC related responsibilities in the performance of daily operations to ensure adherence to bank policies and compliance with all regulatory requirements.

Responsibilities

  • Run economic simulations on the Bank’s balance sheet to understand the sensitivity of earnings and capital to changes in interest rates.
  • Complete monthly analysis and reporting of the Bank’s interest rate position, and identify key drivers associated with changes in the risk profile.
  • Compile and analyze data to provide reporting and trending of key performance indicators to management to provide insight into patterns and identify data inconsistencies for investigation.
  • Identify risk-related issues for escalation to management.
  • Analyze current and historical customer behaviors to refine assumptions within the asset liability modeling software.
  • Assist with creating financial models and performing sensitivity analyses based on a variety of different assumptions.
  • Assist with preparation of documents and reports associated with department level and organization-wide budgeting process.
  • The position of Asset Liability Management Analyst provides assistance to a wide variety of banking functions as assigned and according to business necessity.

 

Qualifications

  • Bachelor’s degree in accounting, economics or finance is required.
  • 3 years of experience in quantitative analytical role, preferably in a bank.
  • Strong knowledge of Microsoft Office products with emphasis on moderate to advanced level Excel skills.
  • Knowledge of financial modeling software, systems, and platforms.
  • Understanding of bank related products.
  • Knowledge of principles related to interest rate risk management.
  • Ability to identify key business metrics and develop reporting to track them.
  • Strong quantitative skills with proven ability to process large datasets into meaningful information, and identify patterns and problems.
  • Ability to work in a team environment, as well as independently.
  • Demonstrate a high level of knowledge of Bank Secrecy Act and OFAC related responsibilities in the performance of daily operations to ensure adherence to bank policies and compliance with all regulatory requirements.

 

To be considered for this position, you must at least meet the basic qualifications.

 

No phone calls or direct e-mails please.

 

Pre-employment background screening will be conducted.

 

Independent Bank is an EEO/AA - M/F/Disability/Protected Veteran Status.

 

Note: The job description does not constitute an employment agreement between the employer and employee. The above statements describe the general nature and level of work being performed within this classification. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and qualifications required of employees assigned to this job. If you require assistance at any stage of the employment application process due to a disability, please contact Human Resources at 214-544-4777.

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