Job Description
The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.
If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).
Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
The ALM Senior Associate will serve as a senior subject matter expert (SME) responsible for forecasting the firm’s balance sheet and net interest income and/or monitoring and reporting on the firm’s interest rate sensitivity. The person will leverage and oversee junior analysts to deliver a dynamic and accurate forecast for a set of products on the balance sheet under baseline and stress scenarios.Asset Liability Management (ALM) is a division within the CFO Group responsible for performing the analytics and forecasting function for Corporate Treasury and providing senior management with accurate and timely analysis of the balance sheet and net interest income (NII). Analysis created by this team provides the framework that allows Truist to position its balance sheet consistent with its risk appetite and expectations for changes in market dynamics. ALM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions.
The Deposits Forecasting team within ALM provides quantitative analytics and informed guidance for forecasting and management of the firm’s deposit portfolio. The team engages with Deposits Lines of Businesses and Finance teams to collaboratively develop a balance and NII forecast that is leveraged for Corporate Planning at the enterprise level, Interest Rate Risk Management scenarios, and regulatory stress test scenarios. In addition, the team engages in project initiatives to enhance overall efficiency across Corporate Treasury. Results of the team’s work are presented to executive management on a regular basis.
Responsibilities may include:
- Preparing the deposit balance and NII forecasts each month. This includes documentation and challenge of assumptions, reporting results to executive management, and explaining changes versus forecast, prior month, quarter, or year as needed.
- Standardized and ad-hoc analysis to inform key strategic decisions for deposit balance and rate paid management
- Partnering with LOBs and Finance to ensure accuracy and precision
- Execution of CCAR and other internal stress testing routines
- Project management and change execution on key initiatives around forecasting and analytics
- Support quarter end Investor Relations materials and talking points presented to investors
Minimum Requirements:
- Bachelor's Degree in Finance, Business, Accounting, Quantitative, or Economics
- 5+ years of experience in banking,
- 3+ years in asset/liability management (ALM).
- Understanding of financial market dynamics, interest rates, accounting, and financial products
- Ability to interact at all levels of management.
- Excellent analytical skills and knowledge of bank's balance sheet.
- Demonstrated proficiency in basic computer applications, such as Microsoft Office.
Preferred:
- Chartered Financial Analyst (CFA) Designation.
- QRM experience.
- General ledger experience.
- VB (Visual Basic) experience.
- Ability to work effectively, as well as independently, in a team environment.
- Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills.
- Strong analytical skills with high attention to detail and accuracy
- Hyperion Essbase experience.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify
The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.
If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).
Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
The ALM Senior Associate will serve as a senior subject matter expert (SME) responsible for forecasting the firm’s balance sheet and net interest income and/or monitoring and reporting on the firm’s interest rate sensitivity. The person will leverage and oversee junior analysts to deliver a dynamic and accurate forecast for a set of products on the balance sheet under baseline and stress scenarios.Asset Liability Management (ALM) is a division within the CFO Group responsible for performing the analytics and forecasting function for Corporate Treasury and providing senior management with accurate and timely analysis of the balance sheet and net interest income (NII). Analysis created by this team provides the framework that allows Truist to position its balance sheet consistent with its risk appetite and expectations for changes in market dynamics. ALM maintains close partnerships with various groups across the enterprise, providing key input to critical processes and strategic decisions.
The Deposits Forecasting team within ALM provides quantitative analytics and informed guidance for forecasting and management of the firm’s deposit portfolio. The team engages with Deposits Lines of Businesses and Finance teams to collaboratively develop a balance and NII forecast that is leveraged for Corporate Planning at the enterprise level, Interest Rate Risk Management scenarios, and regulatory stress test scenarios. In addition, the team engages in project initiatives to enhance overall efficiency across Corporate Treasury. Results of the team’s work are presented to executive management on a regular basis.
Responsibilities may include:
- Preparing the deposit balance and NII forecasts each month. This includes documentation and challenge of assumptions, reporting results to executive management, and explaining changes versus forecast, prior month, quarter, or year as needed.
- Standardized and ad-hoc analysis to inform key strategic decisions for deposit balance and rate paid management
- Partnering with LOBs and Finance to ensure accuracy and precision
- Execution of CCAR and other internal stress testing routines
- Project management and change execution on key initiatives around forecasting and analytics
- Support quarter end Investor Relations materials and talking points presented to investors
Minimum Requirements:
- Bachelor's Degree in Finance, Business, Accounting, Quantitative, or Economics
- 5+ years of experience in banking,
- 3+ years in asset/liability management (ALM).
- Understanding of financial market dynamics, interest rates, accounting, and financial products
- Ability to interact at all levels of management.
- Excellent analytical skills and knowledge of bank's balance sheet.
- Demonstrated proficiency in basic computer applications, such as Microsoft Office.
Preferred:
- Chartered Financial Analyst (CFA) Designation.
- QRM experience.
- General ledger experience.
- VB (Visual Basic) experience.
- Ability to work effectively, as well as independently, in a team environment.
- Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills.
- Strong analytical skills with high attention to detail and accuracy
- Hyperion Essbase experience.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the Law Pay Transparency Nondiscrimination Provision E-Verify
About Truist
Care starts on the inside.
At Truist, our purpose is to inspire and build better lives and communities. And we do that through real, unwavering care. As part of that commitment to care, we’re creating an inclusive and energizing work environment that empowers teammates to learn, grow, and have fulfilling careers.
Why work at Truist?
· Be part of an inclusive culture. We actively recruit and train diverse talent. And not just because it’s the right thing to do—but because we’re inspired by the perspectives and experiences of people from different backgrounds.
· Balance your work and life. We offer flexible healthcare benefits, time off for vacation, wellness, and community service, and company-sponsored financial education programs. We want our teammates to lead full, healthy lives.
· Make meaningful connections. We see the future of financial services as one defined not only by technology, but by humanity. A true balance of innovation, inclusion, and conversation—cutting-edge and close-to-home. You'll be part of building it at Truist.
We’re looking for people with open hearts, big dreams, and new ways of thinking to take us to innovative places in banking. Join us.
Related Jobs
Comcast
Comcast brings together the best in media and technology. We drive innovation to create the world's best entertainment and online experiences. As a Fortune 50 leader, we set the pace in a variety of i...
FreeWheel, a Comcast company, provides comprehensive ad platforms for publishers, advertisers, and media buyers. Powered by premium video content, robust data, and advanced technology, we're making it...
Comcast
Make your mark at Comcast -- a Fortune 30 global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, we reach hundreds of millions o...
Comcast
Comcast brings together the best in media and technology. We drive innovation to create the world's best entertainment and online experiences. As a Fortune 50 leader, we set the pace in a variety of i...
FreeWheel, a Comcast company, provides comprehensive ad platforms for publishers, advertisers, and media buyers. Powered by premium video content, robust data, and advanced technology, we're making it...
Comcast
Make your mark at Comcast -- a Fortune 30 global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, we reach hundreds of millions o...
Comcast
Comcast brings together the best in media and technology. We drive innovation to create the world's best entertainment and online experiences. As a Fortune 50 leader, we set the pace in a variety of i...
FreeWheel, a Comcast company, provides comprehensive ad platforms for publishers, advertisers, and media buyers. Powered by premium video content, robust data, and advanced technology, we're making it...
Comcast
Make your mark at Comcast -- a Fortune 30 global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, we reach hundreds of millions o...
Comcast
Comcast brings together the best in media and technology. We drive innovation to create the world's best entertainment and online experiences. As a Fortune 50 leader, we set the pace in a variety of i...
FreeWheel, a Comcast company, provides comprehensive ad platforms for publishers, advertisers, and media buyers. Powered by premium video content, robust data, and advanced technology, we're making it...
Comcast
Make your mark at Comcast -- a Fortune 30 global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, we reach hundreds of millions o...
Comcast
Comcast brings together the best in media and technology. We drive innovation to create the world's best entertainment and online experiences. As a Fortune 50 leader, we set the pace in a variety of i...
FreeWheel, a Comcast company, provides comprehensive ad platforms for publishers, advertisers, and media buyers. Powered by premium video content, robust data, and advanced technology, we're making it...
Comcast
Make your mark at Comcast -- a Fortune 30 global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, we reach hundreds of millions o...
Truist would like you to finish the application on their website.
