Vice President, Asset Liability Management (ALM) Job at Dollar Bank, Arsenal, PA

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  • Dollar Bank
  • Arsenal, PA

Job Description

Job Overview The leader of the Asset/Liability (A/L) team, this role measures, reports, and manages the Bank's liquidity position and interest rate risk. This role works closely with Senior Management to develop and implement strategies that reduce risk while improving the consistency and growth rate of the Bank's net interest income. Qualifications Bachelor's degree in accounting, finance, mathematics, economics, or related discipline is required. Master's degree preferred. Ten or more years of experience in asset/liability management, interest rate risk management in the financial services industry. A minimum of five years of leadership experience managing all aspects of a Bank's interest rate and liquidity risk for financial institutions with $4 billion in assets or greater. Proven proficiency across a spectrum of financial products such as mortgage loans, home equity loans, commercial real estate, commercial and industrial loans, deposits, and borrowings. Monitor financial performance of Bank investments to ensure portfolios meet risk goals. Subject matter expert on managing and reporting on interest rate risk within a financial services institution(s) regulated by the Federal Reserve and/or the Office of the Comptroller of Currency (OCC). Proficient with an industry recognized accounting ledger software package (FIS, QRM, etc.). Proficient with Microsoft office tools including Access, Excel, and PowerPoint. Proven analytical and critical thinking skills. Excellent presentation skills and experience presenting to senior management and Board level committees. Demonstrated leadership and the ability to manage changes for business growth and to minimize disruption. Demonstrated ability to collaborate effectively across lines of business and staff areas. Knowledge of applicable regulatory requirements that may include OCC, FDIC, and the Federal Reserve's regulations. Responsibilities Leads Asset Liability and is responsible for the modeling, analysis, reporting, monitoring and management of the Bank's interest rate risk (IRR) and liquidity position. Serves as a key subject matter expert for interest rate risk and liquidity management within the Bank and in dealings with federal regulators. Coaches, mentors, and supports a team of employees through ongoing development, support and performance management. Leads and owns the ongoing development and maintenance of a comprehensive modeling framework to measure, analyze and monitor the Bank's interest rate risk. Responsible for the modeling, analysis, reporting, monitoring and management of the Bank's interest rate risk position working in close partnership with the lines of business. Provides strategic and tactical recommendations to leadership related to interest rate risk management. Serves as a leader and subject matter expert on interest rate risk management for Asset Liability Committee, Enterprise Risk Management, Treasury, and lines of business. Develops processes and procedures to document functional areas to meet regulatory and compliance requirements and ensuring appropriate controls are created to mitigate risks. All other duties as assigned.

Job Tags

Bank staff,

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