Senior ALM (Asset Liability Management) Analyst
At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursementavailable to all full and part time employees.
Part time positions start at a minimum of 30 hours per week.
We encourage you to become a part of VyStar Credit Union's family of employees.
Senior ALM (Asset Liability Management) AnalystACCOUNTABILITY STATEMENT The incumbent will be the part of the Financial Risk team and assist the Financial Risk Manager in carrying out the broader Finance department mission.
The FRM (Financial Risk Management) function refers to the treasury and ALM (Asset Liability Management) imperative.
This includes running and maintaining various financial models including the ALM model, credit risk model, fund transfer pricing model, economic capital model and secondary models in support of integrated financial risk management.
FRM is responsible for the entire spectrum of financial risks including market risk (interest rate risk), liquidity risk and credit risk.
FRM Team's mandate is to balance risks and their corresponding returns through:
Identifying, Monitoring, Managing and communicating these risks to the senior management.
FRM manages the integration of financial risks through state-of-the-art economic capital and ALM modeling, translating into impactful balance sheet strategies and achieving regulatory requirements.
This includes back testing, regulatory stress testing, assumption development (deposit lives & re-pricing, asset prepays) calibration of all models and other modeling/forecasting responsibilities as needs arise.
FRM/Treasury is also responsible for the monthly ALCO package, annual regulatory examination, balance sheet strategy development, and performing summary & detailed written analysis on all model results.
FRM also maintains documentation of all models and methodologies, including a model catalog with documentation and testing of all model changes.
The team will work closely with the Financial Planning and Analysis (FP&A) and Accounting teams on a day-to-day basis.
The FRM team is also responsible for analyzing historical balance sheet growth and pricing trends, used to develop forecast for the budget/annual operating plan (AOP).
The incumbent will support the FRM function, serving as the process lead for Market Risk (interest rate risk) and Liquidity Risk, at the direction of the Financial Risk Manager.
Particularly, the incumbent will manage the ALM modeling process, which includes data feed, assumption building, analysis and reporting.
Fully remote applicants will be considered.
ESSENTIAL FUNCTIONSModeling:
Leads and enhances Market Risk modeling (interest rate risk) including stochastic cash-flow and earnings analysis, risk factors and attribution analysis, primarily through the ALM model.
Net interest income (NII), net income (NI) and net economic value (NEV) scenario analysis including sensitivity and stress-testing of risk factors, model settings, assumptions, yield curve twists, ramps, etc.
Behavioral modeling of deposits including non-maturity deposit lives and stability as well as deposit rate sensitivity Generation of prepayment/pay-down assumptions/inputs.
Conducts attribution analysis to refine understanding of market risk impact Manages the ALM model.
Leads and enhances Liquidity Risk modeling through:
Forecasted balance sheet growth scenarios Survival horizon analysis and Contingent Liquidity sources Sources and Uses/Forward Cash Exposure reporting in conjunction with ALM model Liquidity Ratios (LCR/NSFR) Assist with Advance management at the FHLB through documentation and operational requirements.
Assist with and maintain other Financial Risk models including Credit Risk Model, Economic Capital Model, and other models.
Assist and maintain other behavioral models, including:
Modeling of credit risk, measuring key parameters and PD/LGD development, and supporting historical and projected default functions.
Modeling of critical non-interest income components of capital planning process.
Recommend model enhancements and reporting improvements.
Maintain a robust ALM Model through sound analysis and model management.
Financial Decision Support & Reporting:
Demonstrate superior analytical skills in detailed and summary analysis of reporting results.
Strong initiative in supporting analysis and models for:
Balance sheet management ALM support for Funds-Transfer Pricing aspects of organizational, product and member profitability Maintain and enhance projections for Liquidity management in conjunction with the ALM model Special projects Take ownership of maintenance and validation of data sources to ensure completeness of data for Financial Risk analysis purposes.
Leading design, testing and implementation of ALM model enhancements; maintain model's efficiency and accuracy through continuous improvement and application of best practices.
Develop clear and concise written analysis of all modeling results for business units, ALCO, Executive Committee, and other management committees as directed.
Documenting all work processes and models used for Financial Risk purposesEffectively support the annual regulatory examination cycle by assimilating requested reports and analysis.
Proactively plan and manage timelines and workflow contingencies.
JOB KNOWLEDGE, SKILLS, & ABILITIESRequired:
Avid and positive team player who works well across multi-disciplined organization.
Strong communication skills including presentation, interpersonal and writing skills.
Ability to begin coaching, mentoring and eventually manage analysts.
Strong analytical capabilities with knowledge of accounting/financial reporting and financial modeling are essential.
Knowledge of product and organizational profitability in conjunction with Funds Transfer Pricing (FTP), with working knowledge of profitability software such as IBM TM1, SAS or others.
Strong knowledge and understanding of regulatory compliance requirements surrounding DFAST (Dodd Frank Act Stress Test), BASEL, CCAR (Comprehensive Capital Analysis and Review) and other stress testing.
Advanced skills in Word, Excel, and PowerPoint.
Strong working knowledge of YieldBook and Bloomberg, with a good understanding of Fixed Income markets.
Strong knowledge of statistical analysis (Regressions, Hypothesis testing).
Good knowledge of Data Analysis programming languages such as SQL, VBA, Python.
Good knowledge of analytical and statistical tools such as SPSS, R, Matlab, or SAS.
Very strong knowledge of ALM software such as ZMdesk or QRM or FiServ (Sendero).
EDUCATIONRequired:
Bachelor's degree in Finance, Economics, Engineering, Statistics, or related area.
4
years of experience with ZMdesk, QRM, FiServ (Sendero) or other ALM software.
4
years of experience in statistical /quantitative analysis tools such as SQL, SPSS, R or SAS.
4
years of functional experience in asset/liability management (ALM).
5-10 years of related experience.
Highly Preferred:
Masters of Business Administration (MBA) or Master's Degree in a Quantitative or Finance discipline or Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) designation or working toward one of these.
Strong knowledge of credit union/bank products and services.
High Proficiency in data analytics and quantitative methods.
DISCLAIMERS AND WORK ENVIRONMENTNothing in this position description is an implied contract for employment.
The position description is intended to be an accurate account of the essential functions.
The functions are not all encompassing and are subject to change at any time by management.
The work environment characteristics described are representative of those that an employee encounters while performing the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
As required or requested, may exert up to 20 pounds of force occasionally and/or a negligible amount of force constantly to lift, carry, push, pull or otherwise move objects.
VyStar Credit Union is not seeking outside assistance or accepting unsolicited resumes from staffing agencies or search firms for employment or contractor opportunities.
Any resumes submitted by an outside vendor to any employee at VyStar via e-mail, internet, or directly to hiring managers without a valid written search agreement with the Talent Acquisition / HR department will be deemed the sole property of VyStar Credit Union.
No placement fee will be paid if a candidate is hired as a result of the referral, or through other means.
Thank you for your inquiry regarding our current job opening.
Your resume will be carefully reviewed against the position requirements.
Should your experience and skills match, you will be contacted by one of our Human Resources department staff members.
Thank you again for your interest in this position!VyStar Credit Union Human Resources Recommended Skills Analytical Asset Liability Management Business Administration Business Process Improvement Calibration Chartered Financial Analyst Estimated Salary: $20 to $28 per hour based on qualifications.
Part time positions start at a minimum of 30 hours per week.
We encourage you to become a part of VyStar Credit Union's family of employees.
Senior ALM (Asset Liability Management) AnalystACCOUNTABILITY STATEMENT The incumbent will be the part of the Financial Risk team and assist the Financial Risk Manager in carrying out the broader Finance department mission.
The FRM (Financial Risk Management) function refers to the treasury and ALM (Asset Liability Management) imperative.
This includes running and maintaining various financial models including the ALM model, credit risk model, fund transfer pricing model, economic capital model and secondary models in support of integrated financial risk management.
FRM is responsible for the entire spectrum of financial risks including market risk (interest rate risk), liquidity risk and credit risk.
FRM Team's mandate is to balance risks and their corresponding returns through:
Identifying, Monitoring, Managing and communicating these risks to the senior management.
FRM manages the integration of financial risks through state-of-the-art economic capital and ALM modeling, translating into impactful balance sheet strategies and achieving regulatory requirements.
This includes back testing, regulatory stress testing, assumption development (deposit lives & re-pricing, asset prepays) calibration of all models and other modeling/forecasting responsibilities as needs arise.
FRM/Treasury is also responsible for the monthly ALCO package, annual regulatory examination, balance sheet strategy development, and performing summary & detailed written analysis on all model results.
FRM also maintains documentation of all models and methodologies, including a model catalog with documentation and testing of all model changes.
The team will work closely with the Financial Planning and Analysis (FP&A) and Accounting teams on a day-to-day basis.
The FRM team is also responsible for analyzing historical balance sheet growth and pricing trends, used to develop forecast for the budget/annual operating plan (AOP).
The incumbent will support the FRM function, serving as the process lead for Market Risk (interest rate risk) and Liquidity Risk, at the direction of the Financial Risk Manager.
Particularly, the incumbent will manage the ALM modeling process, which includes data feed, assumption building, analysis and reporting.
Fully remote applicants will be considered.
ESSENTIAL FUNCTIONSModeling:
Leads and enhances Market Risk modeling (interest rate risk) including stochastic cash-flow and earnings analysis, risk factors and attribution analysis, primarily through the ALM model.
Net interest income (NII), net income (NI) and net economic value (NEV) scenario analysis including sensitivity and stress-testing of risk factors, model settings, assumptions, yield curve twists, ramps, etc.
Behavioral modeling of deposits including non-maturity deposit lives and stability as well as deposit rate sensitivity Generation of prepayment/pay-down assumptions/inputs.
Conducts attribution analysis to refine understanding of market risk impact Manages the ALM model.
Leads and enhances Liquidity Risk modeling through:
Forecasted balance sheet growth scenarios Survival horizon analysis and Contingent Liquidity sources Sources and Uses/Forward Cash Exposure reporting in conjunction with ALM model Liquidity Ratios (LCR/NSFR) Assist with Advance management at the FHLB through documentation and operational requirements.
Assist with and maintain other Financial Risk models including Credit Risk Model, Economic Capital Model, and other models.
Assist and maintain other behavioral models, including:
Modeling of credit risk, measuring key parameters and PD/LGD development, and supporting historical and projected default functions.
Modeling of critical non-interest income components of capital planning process.
Recommend model enhancements and reporting improvements.
Maintain a robust ALM Model through sound analysis and model management.
Financial Decision Support & Reporting:
Demonstrate superior analytical skills in detailed and summary analysis of reporting results.
Strong initiative in supporting analysis and models for:
Balance sheet management ALM support for Funds-Transfer Pricing aspects of organizational, product and member profitability Maintain and enhance projections for Liquidity management in conjunction with the ALM model Special projects Take ownership of maintenance and validation of data sources to ensure completeness of data for Financial Risk analysis purposes.
Leading design, testing and implementation of ALM model enhancements; maintain model's efficiency and accuracy through continuous improvement and application of best practices.
Develop clear and concise written analysis of all modeling results for business units, ALCO, Executive Committee, and other management committees as directed.
Documenting all work processes and models used for Financial Risk purposesEffectively support the annual regulatory examination cycle by assimilating requested reports and analysis.
Proactively plan and manage timelines and workflow contingencies.
JOB KNOWLEDGE, SKILLS, & ABILITIESRequired:
Avid and positive team player who works well across multi-disciplined organization.
Strong communication skills including presentation, interpersonal and writing skills.
Ability to begin coaching, mentoring and eventually manage analysts.
Strong analytical capabilities with knowledge of accounting/financial reporting and financial modeling are essential.
Knowledge of product and organizational profitability in conjunction with Funds Transfer Pricing (FTP), with working knowledge of profitability software such as IBM TM1, SAS or others.
Strong knowledge and understanding of regulatory compliance requirements surrounding DFAST (Dodd Frank Act Stress Test), BASEL, CCAR (Comprehensive Capital Analysis and Review) and other stress testing.
Advanced skills in Word, Excel, and PowerPoint.
Strong working knowledge of YieldBook and Bloomberg, with a good understanding of Fixed Income markets.
Strong knowledge of statistical analysis (Regressions, Hypothesis testing).
Good knowledge of Data Analysis programming languages such as SQL, VBA, Python.
Good knowledge of analytical and statistical tools such as SPSS, R, Matlab, or SAS.
Very strong knowledge of ALM software such as ZMdesk or QRM or FiServ (Sendero).
EDUCATIONRequired:
Bachelor's degree in Finance, Economics, Engineering, Statistics, or related area.
4
years of experience with ZMdesk, QRM, FiServ (Sendero) or other ALM software.
4
years of experience in statistical /quantitative analysis tools such as SQL, SPSS, R or SAS.
4
years of functional experience in asset/liability management (ALM).
5-10 years of related experience.
Highly Preferred:
Masters of Business Administration (MBA) or Master's Degree in a Quantitative or Finance discipline or Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) designation or working toward one of these.
Strong knowledge of credit union/bank products and services.
High Proficiency in data analytics and quantitative methods.
DISCLAIMERS AND WORK ENVIRONMENTNothing in this position description is an implied contract for employment.
The position description is intended to be an accurate account of the essential functions.
The functions are not all encompassing and are subject to change at any time by management.
The work environment characteristics described are representative of those that an employee encounters while performing the essential functions of this job.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
As required or requested, may exert up to 20 pounds of force occasionally and/or a negligible amount of force constantly to lift, carry, push, pull or otherwise move objects.
VyStar Credit Union is not seeking outside assistance or accepting unsolicited resumes from staffing agencies or search firms for employment or contractor opportunities.
Any resumes submitted by an outside vendor to any employee at VyStar via e-mail, internet, or directly to hiring managers without a valid written search agreement with the Talent Acquisition / HR department will be deemed the sole property of VyStar Credit Union.
No placement fee will be paid if a candidate is hired as a result of the referral, or through other means.
Thank you for your inquiry regarding our current job opening.
Your resume will be carefully reviewed against the position requirements.
Should your experience and skills match, you will be contacted by one of our Human Resources department staff members.
Thank you again for your interest in this position!VyStar Credit Union Human Resources Recommended Skills Analytical Asset Liability Management Business Administration Business Process Improvement Calibration Chartered Financial Analyst Estimated Salary: $20 to $28 per hour based on qualifications.
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