VyStar Credit Union
Sr. ALM Analyst
VyStar Credit Union, Jacksonville, Florida, United States, 32290
At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursementavailable to all full and part time employees. Part time positions start at a minimum of 30 hours per week.
We encourage you to become a part of VyStar Credit Union's family of employees.
Sr. ALM Analyst
ACCOUNTABILITY STATEMENT
The incumbent will be part of the Asset-Liability Management ("ALM") Team, which resides within VyStar's front-line Finance department. The Sr. ALM Analyst will run and maintain all aspects of the ALM model. The ALM Team is chiefly responsible for identifying, monitoring, managing, and communicating interest rate risk to several key stakeholders, such as Senior Management, Board members, and Regulators. ALM partners closely with other departments around the organization, namely Liquidity, Financial Planning and Analysis ("FP&A"), Enterprise Risk Management ("ERM"), Information Technology ("IT"), and Accounting. This individual will assist with the ALM model administration process (including governance), which includes handling large data sets, building model assumptions, back-testing, and reporting results.
ESSENTIAL RESPONSIBILITIES
Modeling:
Interest Rate Risk modeling, including stochastic cash-flow and earnings analysis, risk factors and attribution analysis:
Net Interest Income ("NII"), Net Income ("NI"), and Net Economic Value ("NEV") scenario analysis including sensitivity and stress-testing of risk factors, model settings, assumptions, yield curve twists, ramps, etc.Extract, transform and load loan, investment and deposit data. Compile instrument tables and reconcile current position to the general ledgerBehavioral modeling of deposits including non-maturity deposit lives and stability as well as deposit rate sensitivityModel documentation and reporting improvementsGeneration of prepayment/pay-down assumptions/inputsBack-testingFinancial Decision Support & Reporting:
Leverage quantitative skillset to produce both detailed and summarized analysis of reporting results. Strong initiative in supporting analysis and models for:
Develop clear and concise written analysis of all modeling results for business units, ALCO, Executive Committee, and other management committees as directed.Support FP&A Forecast including annual budget planSupport the annual regulatory examination cycle by assimilating requested reports and analysisAd hoc projects pertaining to balance sheet analysis, technological improvements, etc.Proactively plan and manage timelines and workflow contingenciesJOB KNOWLEDGE, SKILLS, & ABILITIES
Required:
Avid and positive team player who works well across multi-disciplined organizationDemonstrate initiative and proactivity in working towards solutionsStrong time-management skills with the ability to work effectively within a designated timeframeStrong desire to acquire financial acumen skillset, specifically ALM modeling and analysisStrong communication skills including presentation, interpersonal, and writing skillsStrong data analytics skillsALM software such as Moody's ZMdesk, QRM, FiServ (Sendero), FIS (BancWare), Empyrean, etc.Excel, Word, and PowerPointFamiliarity with programming languages such as SQL, VBA, or PythonPreferred:
Financial statements and/or Fixed Income markets knowledgeCredit union/bank products and services knowledgeData analysis programming languages such as SQL, VBA or PythonBloomberg and/or YieldBookAnalytical and statistical tools such as SPSS, R, Matlab, or SASEXPERIENCE & EDUCATION
Required:
2+ years of related experience in ALM modelingBachelor's or Master's degree in a quantitative disciplineProficiency in data analytics and quantitative methodsPreferred:
5+ years of related experience in ALM modelingCompletion or progress towards MBA or Master's in Quantitative Finance discipline, CFA and/or FRM designationsKnowledge of credit union/bank products and services
DISCLAIMERS AND WORK ENVIRONMENT
Nothing in this position description is an implied contract for employment. The position description is intended to be an accurate account of the essential functions. The functions are not all encompassing and are subject to change at any time by management.
The work environment characteristics described are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
As required or requested, may exert up to 20 pounds of force occasionally and/or a negligible amount of force constantly to lift, carry, push, pull or otherwise move objects.
VyStar Credit Union is not seeking outside assistance or accepting unsolicited resumes from staffing agencies or search firms for employment or contractor opportunities. Any resumes submitted by an outside vendor to any employee at VyStar via e-mail, internet, or directly to hiring managers without a valid written search agreement with the Talent Acquisition / HR department will be deemed the sole property of VyStar Credit Union.
No placement fee will be paid if a candidate is hired as a result of the referral, or through other means.
Thank you for your inquiry regarding our current job opening. Your resume will be carefully reviewed against the position requirements. Should your experience and skills match, you will be contacted by one of our Human Resources department staff members.
Thank you again for your interest in this position!
VyStar Credit Union Human Resources
We encourage you to become a part of VyStar Credit Union's family of employees.
Sr. ALM Analyst
ACCOUNTABILITY STATEMENT
The incumbent will be part of the Asset-Liability Management ("ALM") Team, which resides within VyStar's front-line Finance department. The Sr. ALM Analyst will run and maintain all aspects of the ALM model. The ALM Team is chiefly responsible for identifying, monitoring, managing, and communicating interest rate risk to several key stakeholders, such as Senior Management, Board members, and Regulators. ALM partners closely with other departments around the organization, namely Liquidity, Financial Planning and Analysis ("FP&A"), Enterprise Risk Management ("ERM"), Information Technology ("IT"), and Accounting. This individual will assist with the ALM model administration process (including governance), which includes handling large data sets, building model assumptions, back-testing, and reporting results.
ESSENTIAL RESPONSIBILITIES
Modeling:
Interest Rate Risk modeling, including stochastic cash-flow and earnings analysis, risk factors and attribution analysis:
Net Interest Income ("NII"), Net Income ("NI"), and Net Economic Value ("NEV") scenario analysis including sensitivity and stress-testing of risk factors, model settings, assumptions, yield curve twists, ramps, etc.Extract, transform and load loan, investment and deposit data. Compile instrument tables and reconcile current position to the general ledgerBehavioral modeling of deposits including non-maturity deposit lives and stability as well as deposit rate sensitivityModel documentation and reporting improvementsGeneration of prepayment/pay-down assumptions/inputsBack-testingFinancial Decision Support & Reporting:
Leverage quantitative skillset to produce both detailed and summarized analysis of reporting results. Strong initiative in supporting analysis and models for:
Develop clear and concise written analysis of all modeling results for business units, ALCO, Executive Committee, and other management committees as directed.Support FP&A Forecast including annual budget planSupport the annual regulatory examination cycle by assimilating requested reports and analysisAd hoc projects pertaining to balance sheet analysis, technological improvements, etc.Proactively plan and manage timelines and workflow contingenciesJOB KNOWLEDGE, SKILLS, & ABILITIES
Required:
Avid and positive team player who works well across multi-disciplined organizationDemonstrate initiative and proactivity in working towards solutionsStrong time-management skills with the ability to work effectively within a designated timeframeStrong desire to acquire financial acumen skillset, specifically ALM modeling and analysisStrong communication skills including presentation, interpersonal, and writing skillsStrong data analytics skillsALM software such as Moody's ZMdesk, QRM, FiServ (Sendero), FIS (BancWare), Empyrean, etc.Excel, Word, and PowerPointFamiliarity with programming languages such as SQL, VBA, or PythonPreferred:
Financial statements and/or Fixed Income markets knowledgeCredit union/bank products and services knowledgeData analysis programming languages such as SQL, VBA or PythonBloomberg and/or YieldBookAnalytical and statistical tools such as SPSS, R, Matlab, or SASEXPERIENCE & EDUCATION
Required:
2+ years of related experience in ALM modelingBachelor's or Master's degree in a quantitative disciplineProficiency in data analytics and quantitative methodsPreferred:
5+ years of related experience in ALM modelingCompletion or progress towards MBA or Master's in Quantitative Finance discipline, CFA and/or FRM designationsKnowledge of credit union/bank products and services
DISCLAIMERS AND WORK ENVIRONMENT
Nothing in this position description is an implied contract for employment. The position description is intended to be an accurate account of the essential functions. The functions are not all encompassing and are subject to change at any time by management.
The work environment characteristics described are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
As required or requested, may exert up to 20 pounds of force occasionally and/or a negligible amount of force constantly to lift, carry, push, pull or otherwise move objects.
VyStar Credit Union is not seeking outside assistance or accepting unsolicited resumes from staffing agencies or search firms for employment or contractor opportunities. Any resumes submitted by an outside vendor to any employee at VyStar via e-mail, internet, or directly to hiring managers without a valid written search agreement with the Talent Acquisition / HR department will be deemed the sole property of VyStar Credit Union.
No placement fee will be paid if a candidate is hired as a result of the referral, or through other means.
Thank you for your inquiry regarding our current job opening. Your resume will be carefully reviewed against the position requirements. Should your experience and skills match, you will be contacted by one of our Human Resources department staff members.
Thank you again for your interest in this position!
VyStar Credit Union Human Resources