Asset & Liab Manager

Company: Citizens
Location: Boston
Posted on: May 28, 2023

Job Description:

Description
Under the leadership of the Treasurer, the Asset and Liability Management Analytics team is responsible for the decomposition of key Interest Rate Risk measures including, but not limited to, Economic Value of Equity and Earnings at Risk. The Asset and Liability Management Analyst role will act as a subject matter expert on their particular portfolio(s) within the scope of Valuation and NII Sensitivity. This role will report directly to the Head of ALM Analytics.
Primary responsibilities include

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  Utilize the ALM balance sheet model (QRM) to run monthly EVE and NII for assigned portfolio(s)
  
  
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  Perform attribution and decomposition of portfolio(s) impacts' on the overall Interest Rate Risk position of the Bank
  
  
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  Establish/ maintain good working relationships with Line of Business (LOB) partners to discuss monthly changes in pricing, volume, and prepayment assumptions
  
  
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  Enhance and/or develop reporting tools used to communicate Interest Rate Risk drivers to upper management
  
  
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  Facilitate the build out of any new banking products or improved modeling approaches within QRM
  
  
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  Assist in regulatory/internal audits, governance support, and internal risk management reviews
  
  
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  Regularly review portfolio assumptions and processes to look for areas of improvement
  
  
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  Execute assumption sensitivity and back-testing to identify the main drivers of changes in metrics
  
  
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  Work in a fast paced, team environment
  
  
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  Initiative to seek out information necessary to answer management's questions
  
  
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  Perform ad-hoc analysis as needed
  
  
  Qualifications
  
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    3+ years of Strong analytical background within Treasury and/or Risk
    
    
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    3+ Prior Treasury ALM experience with a strong understanding of Interest Rate Risk
    
    
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    3+ years experience with QRM or other ALM Frameworks
    
    
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    Strong Excel skills with an eye toward building analytical efficiency
    
    
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    Essbase proficiency
    
    
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    Self-starter
    
    
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    Comfortable presenting findings and communicating with upper management
    
    
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    Experience with PowerBI or PowerQuery
    
    
    Education, Certifications and/or Other Professional Credentials
    
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      Required - bachelor's degree in business, finance, computer science, math, statistics
      
      
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      Master's Degree preferred
      
      
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      Certified Financial Risk Manager (FRM), Chartered Financial Analyst (CFA) a plus
      
      
      Hours & Work Schedule
      
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        Hours per Week: 40 hours per week
        
        
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        Work Schedule: Monday - Friday Hybrid - 3 days in the office, 2 remote
        
        
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        Equal Employment Opportunity
        At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.
        Equal Employment and Opportunity Employer
        Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.
        Why Work for Us
        At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth

Keywords: Citizens, Boston , Asset & Liab Manager, Accounting, Auditing , Boston, Massachusetts