Senior Asset Liability Manager - Interest Rate Risk Management
Bread Financial - Columbus, OH
posted 4 days ago
About the position
The Senior Asset Liability Manager will be a part of the Treasury Team. They will be responsible for managing the organizations mix of interest rate sensitive assets and liabilities in an effort to protect profitability from volatility due to changes in market rates. This requires meeting both legal and regulatory expectations related to interest rate risk management. This role contributes to the implementation and overall management of interest rate risk management processes and procedures, addressing the broader needs of the business. It involves collaboration with different levels of management and external regulators, utilizing advanced analytical skills and showcasing expertise in financial risk management.
Responsibilities
- Compile and evaluate monthly reporting packages for the Asset-Liability Management (ALM) Committee and the Board for the enterprise and its banking subsidiaries.
- Perform advanced analyses to manage and monitor interest rate risk for the enterprise and each institution.
- Manage and implement behavioral components and models.
- Conduct sensitivity analysis on yield curve, repricing, basis, and option risk.
- Oversee and support the update and validation of the model.
- Regularly collaborate with internal audit, enterprise risk, and SOX teams.
- Oversee and support the controls assessment and testing program for the Treasury team.
- Actively consider the business needs and challenges related to interest rate risk and propose solutions.
Requirements
- High School Diploma or GED
- 12+ years experience in banking and/or financial services.
- 5+ years of experience in Asset/Liability Management and interest rate risk modeling.
Nice-to-haves
- Bachelor's Degree in Finance, Economics, Business, Accounting, Quantitative/Statistical Analysis or related field of study or equivalent, relevant work experience.
- 14+ years experience in banking and/or financial services.
- 7+ years experience in Asset/Liability Management, interest rate risk modeling, banking and/or financial services, Treasury, and/or bank regulatory exposure.
Benefits
- Medical, prescription drug, dental, vision, and other voluntary benefits.
- Six weeks of 100% paid parental leave for eligible parents.
- 11 paid holidays.
- Flexible Time Off (FTO) program.
- Paid Sick and Safe Time (PSST).
- 401(k) plan with immediate enrollment.
- Annual incentive bonus based on individual and company performance.
