Asset Liability Mgr II - Jacksonville

A s a part of TIAA's Financial Solutions business, TIAA Bank, a division of TIAA, FSB, provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country.

For more information about TIAA, visit our website .

T IAA Bank has an opportunity for an Asset Liability Manager. This role is responsible for performing analysis and producing reports for the Asset Liability Committee, the Chief Financial Officer, and the Treasurer. The focus of these analyses and reports is the measurement and management of the current and future interest rate risk in the company. This position will be located in Jacksonville, FL.

ESSENTIAL FUNCTIONS

• Update and maintain a cash flow simulation model over various interest rate scenarios and strategies. Produce reports for Asset Liability Management Committee.
• Liaison with Quantitative Risk and Financial Risk teams to develop efficient model updates/enhancements.
• Liaison with Financial Planning & Analysis to ensure alignment between ALCO and Corporate strategies.
• Conduct IRR back testing and interface with regulators to communicate process and governance of IRR for ALCO.
• Review and analyze assumptions used in a market value model for measuring current and projected balance sheet valuation. Produce reports for Asset Liability Management Committee.
• Update and maintain reports comparing Bank operations to peer and regulatory guidelines.
• Produce reports for Asset Liability Management Committee.
• Perform analysis and reporting as directed by the Chief Financial Officer and Treasurer.
• Supervise analysts.
• Assist in goal setting, identifying, and implementing process improvement opportunities and developing standards and procedures.
• Work with department and other business units to obtain required financial data and data integrity.

Qualifications:

Required:

• Bachelor's degree in Business, Finance, Accounting, Mathematics, Statistics or related discipline
• Five (5) years' experience working in the financial services industry such as a regulated bank environment and possess in-depth knowledge of fixed income, bond valuations and interest rates
• One (1) year experience performing forecasting market value analysis and asset liability management/Balance Sheet Risk Management
• Three (3) years' experience working in an asset liability/balance sheet management position or evidence of experience with making presentations to senior executive level and/or a Board, in addition, experience with QRM BSM application
• Two (2) years' experience performing financial analysis using analytical techniques

Preferred:

• MBA or other advanced degree
• CFA or FRM certification
• Experience with VBA & SQL
• Experience with forecasting and market value analysis

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We are an Equal Opportunity/Affirmative Action Employer. We will consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.