KeyCorp
Senior Lead Treasury Analyst, Interest Rate Risk Production Forecasting & Analyt
KeyCorp, Cleveland, Ohio, us, 44101
Senior Lead Treasury Analyst, Interest Rate Risk Production Forecasting & AnalyticsLocation:
127 Public Square - Cleveland, Ohio 44114
Within the Asset and Liability Management Group in the Corporate Treasury Department, the Senior Lead Treasury ALM Analyst position will report to the Interest Rate Risk (IRR) Production Manager. The IRR team is responsible for the measurement, monitoring and management of interest rate risk, producing balance sheet forecasts, performing analysis to inform strategy and decisioning on balance sheet and Treasury actions and communication of key metrics and insights via regular reporting to the Treasury Strategy Committee, TROC, the Asset and Liability Committee and the Board. Balance sheet modeling is done in the QRM Framework, a third-party software program.
This position will be responsible for the execution of the monthly production process as well as ad hoc scenarios for balance sheet, NII and IRR forecasting, assessing, and maintaining model assumptions, and performing analytics, review and controls to ensure robust internal/external governance. Primary model assumptions include prepayment rates, new business volume pricing, and deposit related key assumptions such as betas and attrition. Analytics involves analysis and review to ensure accuracy and validation of key output and production metrics. Governance responsibilities include executing key controls, maintaining requisite coverage and oversight of models and assumptions including documentation, stress testing, and working with partners in Lines of Business, FP&A and Finance as well as second line partners in Corporate Treasury Oversight, Model Risk, and Risk Review. This position also works closely with other groups in Treasury and Finance who inform and leverage QRM output, including Funding, Liquidity, Capital, and Market Strategy.
IRR models and outputs include Net Interest Income at Risk, Economic Value of Equity, Forward Valuation of swaps and investments, balance sheet runoff cash flows, and Commercial Mortgage Servicing Rights Valuation. This position is also a key contributor to balance sheet modeling and analysis for the annual Capital Plan / CCAR process.
ESSENTIAL JOB FUNCTIONS
Support Key’s management of interest rate risk by measuring exposure and evaluating hedging strategies.
Assist IRR Production Manager with setting direction and priorities for the team, meeting production responsibilities while seeking out opportunities for continuous improvement.
Use the QRM Framework and capabilities to model the balance sheet to support interest rate risk, funding, liquidity, and capital analysis.
Facilitate modeling and analysis for monthly forecasting and IRR metrics production, periodic scenario analysis and quarterly/semi-annual/annual stress tests within the net interest income framework.
Aggregate and test key model assumptions, including interest rate scenarios, prepayment assumptions and new business volume pricing.
Assist data focused members of IRR Team in validating new data sources, and versions of the QRM Framework.
Work with internal oversight groups including Model Risk and Corporate Treasury Oversight.
Participate in the Treasury Strategy Committee.
OTHER VALUE ADD FUNCTIONS
Maintain an awareness of current market and economic conditions.
Provide insights for process efficiencies, functional realignments and overall continuous improvement.
Create concise and clear presentation materials, simplifying complex topics and visualizing data.
Participate in strategy discussions around hedging and investing as part of overall balance sheet management.
Improve standard reports and presentation materials for clarity and incorporating additional visual elements.
REQUIRED QUALIFICATIONS
Prior Treasury experience.
Four or more years of diverse Financial Services experience, preferably with exposure to banking.
Strong financial modeling and technical financial risk management skills.
Bachelor’s Degree is required. Preferred academic degree in STEM, Economics, Finance and Accounting.
Excellent communication and internal partnering skills.
Good practical knowledge of ALM cash flow modeling software such as the QRM Framework or similar.
COMPETENCIES/SKILLS
Intellectual curiosity about banking and Corporate Treasury activities.
Teaming skills and being well-organized and agile to support multi-tasking.
Creative thinker with excellent problem-solving capabilities.
Continuous focus to improve corporate finance, quantitative and analytical skills.
Development Opportunities:
Unique opportunity to gain exposure to entirety of Key’s Interest Rate Risk Management and regulatory issues, topics, and reporting.
Become a subject matter expert in ALM and Interest Rate Risk in the Banking Book.
Exposure to senior business and functional heads and build working relationships and visibility with several senior leaders and stakeholders across the firm network.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $85,000 to $115,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.
Please click here for a list of benefits for which this position is eligible.
Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
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127 Public Square - Cleveland, Ohio 44114
Within the Asset and Liability Management Group in the Corporate Treasury Department, the Senior Lead Treasury ALM Analyst position will report to the Interest Rate Risk (IRR) Production Manager. The IRR team is responsible for the measurement, monitoring and management of interest rate risk, producing balance sheet forecasts, performing analysis to inform strategy and decisioning on balance sheet and Treasury actions and communication of key metrics and insights via regular reporting to the Treasury Strategy Committee, TROC, the Asset and Liability Committee and the Board. Balance sheet modeling is done in the QRM Framework, a third-party software program.
This position will be responsible for the execution of the monthly production process as well as ad hoc scenarios for balance sheet, NII and IRR forecasting, assessing, and maintaining model assumptions, and performing analytics, review and controls to ensure robust internal/external governance. Primary model assumptions include prepayment rates, new business volume pricing, and deposit related key assumptions such as betas and attrition. Analytics involves analysis and review to ensure accuracy and validation of key output and production metrics. Governance responsibilities include executing key controls, maintaining requisite coverage and oversight of models and assumptions including documentation, stress testing, and working with partners in Lines of Business, FP&A and Finance as well as second line partners in Corporate Treasury Oversight, Model Risk, and Risk Review. This position also works closely with other groups in Treasury and Finance who inform and leverage QRM output, including Funding, Liquidity, Capital, and Market Strategy.
IRR models and outputs include Net Interest Income at Risk, Economic Value of Equity, Forward Valuation of swaps and investments, balance sheet runoff cash flows, and Commercial Mortgage Servicing Rights Valuation. This position is also a key contributor to balance sheet modeling and analysis for the annual Capital Plan / CCAR process.
ESSENTIAL JOB FUNCTIONS
Support Key’s management of interest rate risk by measuring exposure and evaluating hedging strategies.
Assist IRR Production Manager with setting direction and priorities for the team, meeting production responsibilities while seeking out opportunities for continuous improvement.
Use the QRM Framework and capabilities to model the balance sheet to support interest rate risk, funding, liquidity, and capital analysis.
Facilitate modeling and analysis for monthly forecasting and IRR metrics production, periodic scenario analysis and quarterly/semi-annual/annual stress tests within the net interest income framework.
Aggregate and test key model assumptions, including interest rate scenarios, prepayment assumptions and new business volume pricing.
Assist data focused members of IRR Team in validating new data sources, and versions of the QRM Framework.
Work with internal oversight groups including Model Risk and Corporate Treasury Oversight.
Participate in the Treasury Strategy Committee.
OTHER VALUE ADD FUNCTIONS
Maintain an awareness of current market and economic conditions.
Provide insights for process efficiencies, functional realignments and overall continuous improvement.
Create concise and clear presentation materials, simplifying complex topics and visualizing data.
Participate in strategy discussions around hedging and investing as part of overall balance sheet management.
Improve standard reports and presentation materials for clarity and incorporating additional visual elements.
REQUIRED QUALIFICATIONS
Prior Treasury experience.
Four or more years of diverse Financial Services experience, preferably with exposure to banking.
Strong financial modeling and technical financial risk management skills.
Bachelor’s Degree is required. Preferred academic degree in STEM, Economics, Finance and Accounting.
Excellent communication and internal partnering skills.
Good practical knowledge of ALM cash flow modeling software such as the QRM Framework or similar.
COMPETENCIES/SKILLS
Intellectual curiosity about banking and Corporate Treasury activities.
Teaming skills and being well-organized and agile to support multi-tasking.
Creative thinker with excellent problem-solving capabilities.
Continuous focus to improve corporate finance, quantitative and analytical skills.
Development Opportunities:
Unique opportunity to gain exposure to entirety of Key’s Interest Rate Risk Management and regulatory issues, topics, and reporting.
Become a subject matter expert in ALM and Interest Rate Risk in the Banking Book.
Exposure to senior business and functional heads and build working relationships and visibility with several senior leaders and stakeholders across the firm network.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $85,000 to $115,000 annually depending on location and job-related factors such as level of experience. Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.
Please click here for a list of benefits for which this position is eligible.
Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces, while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
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