drjobs Asset Liability Management Manager

Asset Liability Management Manager

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1 Vacancy
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Job Location drjobs

Albany, NY - USA

Yearly Salary drjobs

$ 77376 - 96720

Vacancy

1 Vacancy

Job Description

If you are ready to join a company that truly cares about its employees our members and our community then you have come to the right place!

Summary of Role

This role will assist the VP Asset Liability Management (ALM) in the companys ALM function. This includes being the primary user of the Empyrean AL software (Empyrean) which is used for forecasting risk management and operational decision making by the CEO and CFO. Information and analytics produced in this role are critical in financial reporting.


Essential Job Functions/Responsibilities

    Take ownership of the following

    • Running of the monthly base forecast yield curve impact and other standard shock scenarios

    • Running of the quarterly alternative scenarios as prescribed by the policy

    • Running of routine ad hoc and whatif scenarios that require using Empyrean

    • Preparation of analysis and reports required for the monthly reporting including those delivered to the Board of Directors the Asset Liability Committee (ALCO) and Executive Management

    • Semiannual upgrade to the latest Empyrean version including performing a parallel run and analysis thereof

    • Providing ALM consultants the data required for their quarterly report and presentation reviewing the report and presentation and ensuring proper alignment with Empyrean results

    • The annual validation of Empyrean

    • Answer monthly questions regarding interest income and expense variances

    • Documentation of Empyrean assumptions and justification of any changes therein

    • Maintain an indepth knowledge of operations and troubleshooting Empyrean

    • Vendor risk management for Empyrean

    • Ensure the accuracy of modeled results both routine and ad hoc

    • Produce any required ALM information for ad hoc analytics including financial derivatives

    • Produce any required information for all audits including internal and external

    • Implement sufficient crosstraining and routine testing and updating of processes and procedures to ensure uninterrupted provision of the above by the assigned deadlines

    • Assist the VP ALM with the following

      • Review and update of related policies and documents including the ALCO Policy and IRR Program Document

      • Implementation and running of the Empyrean FTP module

      • Continuous improvement of the Empyrean model

      • Regulatory reporting and audit preparation

    • Make decisions and initiate action to ensure that business unit policies and practices leverage the capabilities and insights of individuals with diverse backgrounds cultures and abilities.

    Minimum Job Qualifications

    • Bachelors degree in Finance or related field; Masters in Business Administration (MBA) FRM or CFA certification preferred.

    • A minimum of five (5) years in a corporate finance or corporate treasury function preferably within a financial institution.

    • A minimum of two (2) years of being the primary user of Empyrean AL for a financial institution of a minimum asset size of $5 billion. Knowledge of FTP ECEL and RAROC is preferred.

    • Proficient with Microsoft office systems. Advanced knowledge of Microsoft Excel including lookup functions tables and pivot tables. Knowledge of Power Query Power BI and DAX preferred.

    Starting Compensation: $77376$96720 annually plus a competitive benefits package.

    Bilingual individuals who are fluent in a second language in addition to English are highly encouraged to apply.

    We are an equal opportunity employer. We do not discriminate on the basis of race creed color national origin religion sex age veteran status disability genetic information gender identity or any other protected class.

    Broadview FCU is committed to ensuring individuals with disabilities and/or those whohave special needs participate in the workforce and are afforded equal opportunity to apply and compete for jobs. If you would like to contact us regarding the accessibility of our Website or need assistance completing the application process please contact us at


    Required Experience:

    Manager

    Employment Type

    Full-Time

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