Suncoast Credit Union hiring Manager of ALM in Tampa, FL | LinkedIn (2024)

OverviewPay Transparency: $113,000 - $193,000 based on experience and credentials

Location Type: Hybrid a flexible work model blending in-office and remote working

Position Type: Full Time

The ALM Manager is responsible for leading the execution of Suncoast’s asset-liability management model in support of management and regulatory deliverables including but not limited to the following areas: Interest Rate Risk, Liquidity Risk, Balance Sheet Management Strategies and Capital Stress Testing. This includes modeling balance sheets, net interest income (NII), economic value (NEV), and expected credit loss (ECL) simulations across multiple scenarios. This individual plays a pivotal role within the capital planning function of the Finance organization, responsible for oversight of a team providing key inputs that support risk management and financial decision-making. Key responsibilities include ALM workstream governance efforts covering data, second-line risk requirements, and a comprehensive internal controls environment. The ideal candidate will be able to adapt to changing management and regulatory requirements quickly while ensuring safe and sound processes.

Responsibilities

• Manage Suncoast’s ALM and capital stress testing modeling initiatives including interest rate risk, liquidity risk, and balance sheet optimization
• Direct the staff responsible for ongoing development, calibration, back-testing, and documentation of model assumptions including loan prepayment speeds, deposit betas and deposit decay rates.
• Interact with internal and external stakeholders including senior leaders from Finance, Risk, Member Solutions, Data Analytics, Internal Audit, and NCUA Examiners
• Coordinate scenario testing activities on Suncoast’s assets and liabilities in a wide range of economic and management-defined scenarios
• Oversee accuracy and integrity of data incorporated into ALM and capital stress testing activities
• Review and approve model assumptions including loan prepayment speeds, deposit decay, and betas
• Support finance, risk management, internal audit, business leads, and examiners for ALM and stress testing discussions and analyses
• Analyze, interpret, and communicate detailed quantitative results and analyses to Suncoast’s senior management
• Support proactive management of Suncoast’s capital goals using statistical and other quantitative methods to deliver actionable insights
• Deliver analysis and interpretation of results to senior management, incorporating feedback as appropriate into models and metrics
• Set goals and objectives for team members to achieve operational results
• Hire, train, coach, appraise, and reward assigned staff
• Cultivate strong working relationships and build trust among team members
• Assist the VP with developing and implementing long-term and short-term business objectives
• Interpret and implement management policies
• Assist with the department budget development, monitoring, and maintenance
• Review and recommend new methods or procedures to make daily operations more efficient
• Attend educational events to increase professional knowledge

Qualifications

• Bachelor’s degree in economics, mathematics, finance, or a related field (A comparable combination of work experience and training may be substituted for education requirements.)
• 6+ years of experience performing Asset-Liability Management analysis, preferably through the use of financial models
• Experience measuring, monitoring, and managing interest rate risk, credit risk, liquidity risk and balance sheet strategies
• Good knowledge of the financial services sector
• Knowledge of consumer credit products and financial markets at financial institutions
• Good knowledge of bank stress testing principles
• Prior experience working with the U.S. Basel Rules 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 required deadlines
• Accurate, detail-oriented, and organized with task management
• Ability to analyze and resolve complex problems
• Strong written, verbal, and interpersonal communication skills to interact effectively with members, staff, vendors, and government regulators
• Ability to communicate policies, practices, and procedures for direct reports and other stakeholders to understand

Skills

• Analytics
• Data Science
• Leadership
• Project Management

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 https://careers.suncoastcreditunion.com/benefits Company OverviewSuncoast Credit Union is consistently chosen as a Tampa Bay Times Top Workplace because its employees genuinely #LOVEWORK! 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 https://careers.suncoastcreditunion.com/