Asset & Liability Management Analyst

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Job description

Overview:
Compensation: $73,000 - $117,000 based on experience and credentials
Location Type: Remote
Position Type: Full Time

The ALM Analyst executes Suncoast Credit Union's asset-liability management model to support the management of regulatory deliverables such as Interest Rate Risk, Liquidity Risk, Balance Sheet Management Strategies, and Capital Stress Testing. This individual plays an integral role in the capital planning function, responsible for key inputs to support risk management and financial decision-making. Key responsibilities include the ongoing development, calibration, back-testing, and documentation of model assumptions. An ideal candidate has technical quantitative expertise with a strong working knowledge of a financial institution's balance sheet and business model.

Responsibilities:
Participate in Suncoast Credit Union's ALM and capital stress testing modeling initiatives including interest rate risk, liquidity risk, and balance sheet optimization

Gather and analyze asset liability data for a wide range of economic and defined scenarios

Provide support and guidance for measuring, monitoring, and managing interest rate risk, liquidity risk, and balance sheet optimization

Prioritize the accuracy and integrity of data incorporated into ALM and capital stress testing activities to support a comprehensive internal controls environment

Develop, calibrate, test, and document model assumptions including loan prepayment speeds, deposit decay, and betas

Manage and evaluate modeling balance sheet, net interest income (NII), economic value (NEV), and expected credit loss (ECL) simulations across multiple scenarios.

Deliver actionable insights to Suncoast's senior management team

Support finance, risk management, internal audit, business leads, and examiners for ALM and stress testing discussions or analyses

Collaborate with internal and external stakeholders including senior leaders from Finance, Risk, Member Solutions, Data Analytics, Internal Audit, and NCUA Examiners

Analyze, interpret, and communicate detailed quantitative results and analyses to senior management

Support the proactive management of Suncoast's capital goals utilizing statistical and other quantitative methods to deliver actionable insights

Lead the analysis and interpretation of results, incorporating feedback into models and metrics

Maintain knowledge and understanding of current trends, laws, and issues affecting the area of expertise

Attend educational events to increase professional knowledge

Qualifications:
Bachelor's degree in economics, finance, or a related field (A comparable combination of work experience and training may be substituted for education requirements)

3+ years of experience performing Asset-Liability Management analysis, preferably using financial models

Experience measuring, monitoring, and managing interest rate risk, credit risk, liquidity risk, and balance sheet strategies

Proficient knowledge of the financial services sector

Proficient knowledge of consumer credit products and financial markets at financial institutions

Proficient knowledge of bank stress testing principles

Experience with the U.S. Basel Rules is strongly preferred

Experience with CCAR/DFAST/ICAAP stress testing and CECL/IFRS9 preferred

Programming skills in Python, R, or other object-oriented languages preferred

Ability to prioritize tasks by effectively managing competing and changing priorities to meet deadlines

Accurate, detail-oriented, and organized with task management

Ability to analyze and resolve difficult and complex problems

Strong written, verbal, and interpersonal communication skills to interact effectively with members, staff, vendors, and government regulator

Ability to influence others regarding policies, practices, and procedures

Skills

Analytics

Benefits

Financial Well-Being: Bonus Program up to 9%, 401K Matching up to 8%, Retirement Planning, Pay Increases based on Competency, Employee Loan Discounts, Flex Spending Accounts

Wellness: Medical Coverage, Dental and Vision Coverage, Access to 4,000+ Gyms, Mental Health Resources, PTO Wellness Days, Short Term and Long Term Disability Coverage

Work-Life Balance: 11 Paid Holidays, 3 weeks of Paid Time Off, 4 weeks of Paid Parental Leave, Birthday PTO

Community Involvement: Paid Volunteer Hours

Growth: Degree Assistance up to $5,000 per year

Flexibility: Remote, Hybrid, and Onsite Schedules

Security: Pet Insurance, Free Identity Theft Protection, Legal Assistance

For more information, including additional benefits, please visit our benefits website at

Company Overview

Suncoast Credit Union is consistently chosen as a Tampa Bay Times Top Workplace because its employees genuinely ! Employees flourish in an inclusive culture celebrating growth and prioritizing the community. Chartered in 1934, Suncoast has never furloughed any employees.
For more information, please visit our careers site at (url removed)

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