Director of Asset Liability Management in Raleigh, North Carolina

Position Description:  Responsible for delivering the functions necessary to ensure the appropriate levels of interest rate and liquidity risks are taken.  These include ALM modeling, liquidity modeling, stress testing, and preparing various forecasts.  The role is also responsible for working with various third parties in the measurement and management of these risks including regulators, ALM vendors, consultants, and internal stakeholders including senior management and other leaders from across the credit union.
 
Duties and Responsibilities include but are not limited to:
 
Full support for the effective maintenance of the corporate ALM and liquidity measurement functions; helps manage the balance sheet by following ALCO and liquidity policies and objectives including established risk parameters; operating, maintaining, and updating an ALM model and preparing quality ALCO and liquidity reports reflecting compliance with policy and regulations, or identifying and qualifying non-compliance along with corrective action for potential risk exposures; using financial tools and other resources to stay current in economic trends and appropriate comparative and marginal pricing for assets and liabilities.
Performs sensitivity testing for Interest Rate and liquidity risks to measure the effects of changes in underlying assumptions to manage model risk. Examples would include evaluating multiple scenarios for the sensitivity of non maturity shares and prepayment rates on various loan types.
Strategic financial planning and budget development for interest related items at corporate and responsibility / profit center level to include annual base budget, scenario and sensitivity analysis, and monthly reporting
Evaluate pricing strategies in concert with other parts of the business to influence risk and return profiles of the balance sheet.
Coordinate with other business units that take interest rate and liquidity risks to ensure that risks are appropriately captured and reported.
Work with members of the internal ALCO committee to ensure that underlying assumptions are communicated, discussed and agreed.  Also recommend ALM and liquidity strategies that increase value to Coastals member/owners.
Strategic financial analysis in the effective allocation of capital assets and capital planning policy; developing and supplying models for feasibility analysis of proposed capital acquisitions, mergers, divestitures, and new strategic planning projects to include mergers and corporate acquisitions; providing analytical support for portfolio management; designing and selecting on-balance sheet and off balance sheet hedging strategies.
 
 
Position requirements:
 
Five years of ALM modeling experience.
BS in finance, accounting or business or completion of specialized related courses of study at a university or college.  An advanced business degree and a CFA charter are preferred credentials.
Proficiency with MS-Office and experience in planning, ALM, financial performance, and database software.
Must be able to travel independently and operate all types of general office equipment including a PC.
Exceptional skills in Excel and Powerpoint.
 
Please submit your resume for consideration.


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