What are the responsibilities and job description for the Associate Interest Rate Risk (ALM/IRRBB) position at Selby Jennings?
A Global Investment Bank, who has significantly grown their Interest Rate Risk team over the last 12 months is looking to hire a Associate level candidate on their IRRBB Management team to assist in a strategic growth initiative around IRR.
This individual will provide Interest Rate Risk Oversight over the firm's activities in relation to the banking book, markets activity, and lead initiatives relating to the firm's buildout of their IRRBB Team. Additionally, they will provide oversight of IRR Management, includingthe independent reviews of key assumptions and model usage, hedging effectiveness and strategies, investment portfolio, and framework and policy
The firm is targeting individuals with 3 years working in a IRRBB, Treasury, or ALM function with experience using QRM or other software. This firm is known for having some of the best culture and work life balance on the street, and prides itself on maintaining these standards.
Responsibilities:
- Assist in the development of the firmwide Interest Rate Risk framework
- Maintain and develop Stress Tests to evaluate the effectiveness of the Interest Rate Risk Framework
- Monitor and evaluate various metrics related to NII and EVE
- Engage with internal and external regulators and lead the firm's regulatory initiatives
- Perform quantitative analytics in response to Stress Tests such as NII forecasting, and deposit studies
Qualifications:
- 3 years working in a 1LOD or 2LOD ALM/IRRBB function
- Prior experience using, implementing, or performing analysis
- Familiarity with NII, EVE, and other Interest Rate Risk Metrics
- Ability to work with large data sets, and perform quantitative analysis
- Strong communication skills and the ability to engage with senior management
Salary : $110,000 - $130,000
