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Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
The IRR and FC Reporting Assistant Manager is a senior level manager that manages the monthly forecast and interest rate risk process to effectively identify, measure, and report the impact of potential changes in market interest rates on earnings and capital. The IRR and FC Reporting Assistant Manager identifies actual and potential risks to plan and current forecast and initiates corrective action with line of business (LOB) managers. This position utilizes unique cross-disciplinary perspective that brings together financial, risk and regulatory concepts in order to provide relevant information for management decision-making.
Develop monthly financial forecasts that incorporate all internal and external factors that impact net interest income and net interest margin by working closely with the LOB CFOs.
Manage the monthly production of the Corporation's asset/liability (A/L) models to measure IRR and EVE sensitivities.
Oversee the QRM model including updating chart of accounts, updating modeling assumptions, and ensuring best practices are being utilized.
Review and validate ALM results through an effective back-testing process.
Identify primary drivers of monthly, quarterly, and annual changes in net interest margin.
Provide in-depth analysis and understanding of potential income enhancement or risk mitigation strategies that will be presented to Executive Leadership. Coordinate with Financial Planning, Capital Planning, and Corporate Funding to ensure that the full impact of the strategies to Capital and Liquidity have been identified and properly evaluated.
Manage balance sheet forecasting process including providing leadership to Asset Liability Management team, promoting knowledge sharing, demonstrating how programs relate to financials and improving the process through automation and simplification. Also responsible for the management and the preparation of various monthly MRLCC reports as needed including investments, funding, derivatives and BOLI.
Provide subject matter expertise to the QRM enhancement project and model development activities.
Interact with internal and external auditors, external examiners, Model Risk Management, and Market Risk and Liquidity Management in the audit oversight of the forecasting and reporting functions.
Provide subject matter expertise as an active member of the Interest Rate Risk and Investment Portfolio Committee (IRRIPC) and various pricing committees and present forecast results at the monthly Strategic MRLCC meetings.
Minimum Requirements:
Master's degree in Business, or equivalent education and related training
10+ years of experience in banking or related field, 8+ years in asset/liability management (ALM) in a commercial bank
See AlsoBest CD Rate Accounts May 20245+ years of management experience that includes substantial supervisory responsibilities.
Ability to think strategically
Ability to handle several competing priorities concurrently as well as the ability to adhere strictly to deadlines and have a high sense of urgency
Ability to interact at all levels of management
Exceptional writing skills, verbal communication skills and personal presentation skills
Ability to create precise, targeted communication that creates ease of understanding of complex issues
A comprehensive understanding of accounting rules and regulations including a strong understanding of purchase accounting
Comprehensive knowledge of financial forecasting techniques and financial theory and application
Preferred Requirements:
Chartered Financial Analyst (CFA), Certified Public Accountant (CPA) or Certified Management Accountant (CMA) Designation
Extensive QRM experience
Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
Strong analytical skills with high attention to detail and accuracy
Model development experience
VB (Visual Basic) experience
Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
Strong analytical skills with high attention to detail and accuracy
Hyperion Essbase experience
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)
. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.
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