Description

The qualified candidate will be responsible for the following:

• Be the subject matter expert, and provide hands on support, for the models used to manage key elements of financial risk on the balance sheet:

o Manage models which provide stress testing including: interest rates, liquidity, loan portfolios and capital.

o Assist in the assessment, updating and compliance to the Department’s policies and procedures.

o Analyze interest rate risk components, drivers and simulations. Advise management on the economics of the risk profile, alternatives for mitigation and their costs and related accounting issues.

o Advise on structural interest rate risk reporting including duration, net interest income risk and economic value of equity.

o Analyze liquidity risk issues, including those related to deposit economics and wholesale funding.

o Support the analysis of loan portfolio risks and capital stress testing.

• Develop and maintain knowledge of regulatory issues related to interest rate risk, capital management and liquidity management. Provide research on new regulations and their impact on the Bank. Partner with Businesses in the development of new products and advise on the regulatory implications.

• Assist in providing reports to senior management, business partners and regulators.

• Support the reporting process for the ALCO Committee, the Loan and Deposit Pricing Committee and the Investment Committee

· Maintain documentation and support for hedging/derivative portfolio

• Partner with the Comptroller’s Department and business partners in the development of the Budget, Strategic Plan and short-term forecasts.

• Manage analytics for the deposit program including regular reporting, economics and risk issues such as beta, volatility and decay.

• Partner with Cash Management to monitor liquidity risk including reporting. Also provide cash collateral management for swap portfolio

• Assist in the collateral management program by providing support for securities and whole loan pledging, secured funding capacity, reporting, economics and relationship management.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)