Apple Bank for Savings
New York City, NY, United States
Clevel, Executive, Manager, Finance, 100k
AVP, Asset & Liability Management
New York, NY
The AVP, Asset & Liability Management incumbent will support Apple Banks’s asset & liability management (ALM) reporting and analysis covering interest rate risk (IRR), liquidity projections and liquidity stress testing, market risk reporting and analysis, and capital stress testing scenario analysis.
As Apple Bank’s Asset & Liability Management function is closely integrated with its overall financial management, preparing bank wide financial forecasts and reporting covering the full scope of its operations in conjunction with the First Vice President of Asset & Liability Management, SVP of Corporate Planning and Strategy, CFO, CEO, and CRO (Chief Risk Officer).
Essential Job Functions
Operations of the Sungard/FIS Bancware Asset Liability Management (ALM6) model for Interest Rate Risk analysis and capital stress testing, and Bancware Data Integration (BDI) software for transformation of bank position data
Maintenance of policies, assumptions documentation, as well as production of reporting package presentations to support the asset & liability management process presented to the Asset and Liability Committee of the Board and Capital stress test results to the Board
Maintaining and documenting and updating asset and liability models to support these functions
Interacting with bank regulators and working with Apple Bank management to identify and clear regulatory issues and third party model validation recommendations related to interest rate risk analysis, liquidity and capital stress tests
Collecting historical information to compare model results to actual results for net interest income (NII) to support back testing analysis of model financial projections versus actual
Training, support, and maintenance of Bancware Data Integration (BDI) and data mapping of bank position data files, performing data file processing of financial data on a monthly and quarterly basis
Reconciling source data files and cash flow amortization files and ALM model outputs
Updating model administration and documentation
Testing of software upgrades on an annual basis
Supporting assumptions documentation and review for capital stress testing, and Interest Rate Risk analysis
Cross training and running the through-put reporting process for the ALM model for Interest Rate Risk (IRR), and Capital Stress Tests
Writing reports through directives for the Sungard/FIS Bancware ALM model for ad hoc analysis of results
Performing ALM model sensitivity testing and reporting
Supporting liquidity projections and reporting
Updating Net Interest Income (NII) projections for business planning purposes.
Job Knowledge and Skills
BA or BS in business, finance, or economics and equivalent related work experience
Experience with bank products and working in the banking industry
Knowledge of capital markets, securities and derivative products, and bank deposit products
Experience with the Sungard/FIS Bancware ALM model product or similar asset liability model technical model set-ups
Experience with risk management and asset and liability practices in banking
Highly organized, motivated, and good at prioritizing with highly developed project management skills
Strong computer technical skills
Strong oral and verbal communication skills and ability
Ability to work across departments and hierarchies to accomplish departmental objectives
Apple Bank offers Medical/Dental/Vision, 401k, Tuition Reimbursement and more to full time employees.
We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.
Apple Bank for Savings
Website : https://www.applebank.com