What are the responsibilities and job description for the Sr Asset Liability Mgt Analyst position at Valley Bank?
At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice--building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth--with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.
At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you--working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients--that includes all our associates as well.
The Senior Asset Liability Management (ALM) Analyst is responsible for supporting the Bank's balance sheet risk management framework, including interest rate risk, liquidity risk, deposit and loan analysis, and stress testing. The incumbent independently manages key ALM processes, develops and maintains model assumptions, prepares management and ALCO reporting, and provides analytical insights to support strategic balance sheet decisions. The Senior ALM Analyst serves as a subject matter expert on interest rate risk modeling and acts as a resource for junior analysts and cross-functional business partners.
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Responsibilities Include, But Are Not Limited To
Required Skills
At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you--working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients--that includes all our associates as well.
The Senior Asset Liability Management (ALM) Analyst is responsible for supporting the Bank's balance sheet risk management framework, including interest rate risk, liquidity risk, deposit and loan analysis, and stress testing. The incumbent independently manages key ALM processes, develops and maintains model assumptions, prepares management and ALCO reporting, and provides analytical insights to support strategic balance sheet decisions. The Senior ALM Analyst serves as a subject matter expert on interest rate risk modeling and acts as a resource for junior analysts and cross-functional business partners.
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Responsibilities Include, But Are Not Limited To
- Lead Valley's ALM modelling initiatives including interest rate risk and sensitivity, liquidity risk and balance sheet optimization.
- Gather and analyze data on assets and liabilities in a wide range of economic and management defined scenarios.
- Develops reports and presentation materials that effectively communicate financial performance, risks and strategy recommendations including monthly ALCO reports (interest rate sensitivity analysis, budget, margin and income metrics, loan volume and pricing metrics and ad hoc analysis as directed by the Corporate Treasury Department and/or the ALCO).
- Prepares, documents and tests model assumptions including loan prepayment speeds, deposit decay and betas.
- Support finance, risk management, internal audit, business leads and examiners on ALM discussions and analyses. Incorporates feedback into models and metrics.
- Monitors and updates Asset Liability management policies and thresholds.
- Maintains knowledge and understanding of current trends, regulations and issues affecting AML.
Required Skills
- Familiarity with the Empyrean modeling solution.
- Proficient in all concepts of interest rate risk modeling, balance sheet dynamics, fixed-income analytics, and non-maturity deposit behaviors.
- Strong knowledge of capital markets including but not limited to option-adjusted valuation concepts and methodologies with the capacity to apply them in the normal course of balance sheet risk modeling.
- Strong knowledge of mortgage-backed securities, collateralized mortgage obligations, derivatives and structured products with the ability to produce valuation metrics and analyze cash flow behaviors.
- Proficient in statistics and concepts.
- Working knowledge of credit risk and cash flow impact.
- Working knowledge of capital stress testing.
- Basic working knowledge of Bloomberg.
- Proficient in Microsoft Excel, knowledge of Power BI and/or Tableau a plus.
- Excellent verbal and written communication skills.
- Ability to prioritize and organize assignments.
- Strong desire to evolve skill sets to meet an evolving environment.
- Knowledge of banking industry and banking functions.
- Ability to meet strict deadlines and complete projects effectively and independently.
- R-coding a plus.
- Bachelor's Degree in Accounting, Finance, Economics, Mathematics, Business or related field from college or university and a minimum of 3 years related financial analysis and risk management experience in a financial institution.
- Experience with Empyrean/ZMdesk or similar ALM modeling platforms. Experience in preparing ALCO reporting and executive presentations. Knowledge of Funds Transfer Pricing (FTP) methodologies. MBA, CFA, FRM, CTP, or progress toward a professional certification.