Senior Financial Analyst - ALM Governance (Remote)
Posted on: 1 Nov 2023
Raleigh, NC | Morristown, NJ
Job Description
Overview
The role is responsible for supporting the establishment and enhancement of an effective balance sheet management framework as it relates to the governance of ALM/interest rate risk: policies and procedures, material risk identification and assessment, metrics and limits, stress testing, back-testing, new product assessment, and practices generally consistent with supervisory expectations for a Large Financial Institution. This individual possesses demonstrated initiative, excellent written and verbal communication skills, and a strong analytical mindset in support of efforts to identify enhancement opportunities in existing or proposed processes and support strategic decision making.
Open to remote work within the Bank footprint.
Responsibilities
ALM/IRR Framework: Support the enhancement of a sustainable ALM/IRR management program that meets regulatory expectations, while supporting the Bank’s overall balance sheet management strategies. Work cross-functionally to manage stakeholders (e.g. 2nd line of defense) and follow through on the execution of projects with a high attention to detail.
Business Support - Assist in the development of a governance and control framework ensuring completeness and accuracy in analysis and reporting including clear and concise documentation of process assumptions, limitations, and weaknesses.
Data Analysis - Source, compile, and interpret data. Perform data analysis, effectively communicating and directing analysis output. Recognize opportunities for automation and/or increased efficiency and help drive implementation.
Reporting - Produce reports based on data analysis, company trends, and financial processes. Convey patterns, problems, areas of improvement with a mindset for continuous improvement of reporting processes. Prepare materials for meetings with management committees, regulators, etc.
Peer Leadership - Assist management with the onboarding and training of new staff. Mentor less experienced staff, including review of daily output and coaching.
In New Jersey, the base pay for this position is relative to your experience but the range is generally $102,186 to $177,122 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: https://jobs.firstcitizens.com/benefits.
Qualifications
Bachelor's Degree and 6 years of experience in Finance or Analytics OR High School Diploma or GED and 10 years of experience in Finance or Analytics
Preferred Qualifications
Master’s degree in Finance, Engineering, Math, Economics, or similar field
Minimum 5+ years of experience in large or growing Financial Institutions with specific experience in ALM/IRR
Knowledge of IRR regulations is highly preferred (e.g., SR 10-1)
Excellent project management, presentation and interpersonal skills; strong technical writing skills
Experience with data analysis and data interpretation, including experience with large data sets
Advanced skills in PPT and Excel; knowledge of Tableau, PowerBI or other data visualization is a plus
First Citizens Bank
Raleigh, NC
Forever Strong. Forever First®.
For more than 120 years, First Citizens Bank has been helping families and businesses do more with the money they earn, save and invest. In that time, we've built a solid track record of service, stability and reliability. We remain committed to smart, steady growth ... for our company and our customers alike.
Forever Family.
First Citizens began in 1898 as the Bank of Smithfield in Johnston County, North Carolina. From a single office, we've grown to more than 500 branches in 19 states.
Today, First Citizens is one of America's largest family-controlled banks, led for three generations by members of the same family. That's created a continuity of stable, forward-looking leadership focused more on building a strong bank that can last for generations than on short-term results.
Forever Helping.
Over the years, the way we do banking has changed. First Citizens has added new capabilities and new offerings. In addition to traditional banking services, we provide customers with services that include wealth management1, business and commercial banking, treasury services, insurance services1 and much more.
We also complement our industry-leading branch service with state-of-the-art digital banking tools. From First Citizens Digital Banking with Manage My MoneySM to Business Online Banking (BOB) Advantage®, we give customers more ways than ever to look after their financial lives.
Forever Stable.
First Citizens is a banking subsidiary of First Citizens BancShares, Inc. (NASDAQ: FCNCA), a $39 billion financial holding company.
As a First Citizens customer, you benefit from the stability of our top-tier credit quality, outstanding capital strength and strong liquid balance sheet. We never compromise the security of our customers' assets, regardless of the latest market trends or financial pressures.
At First Citizens, we've built our company on such timeless values as integrity, hard work and taking the long-term view. We avoid fads and gimmicks; instead, we believe in sound decisions that create real security and growth for generations to come.
Forever First is our commitment to be there through the years for the people, businesses and communities who rely on us to be the best bank we can be. As we say, "Money isn't everything. But so much depends on what you do with your money."
First Citizens Bank. Forever First®.
First Citizens Bank
Established in 1898, First Citizens Bank is headquartered in Raleigh, N.C.
The bank serves Arizona, California, Colorado, Florida, Georgia, Kansas, Maryland, Missouri, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and Wisconsin with more than 500 branches.
First Citizens offers a complete line of financial services, including personal banking, business banking, wealth management, investment services1, insurance services1 and more.
First Citizens BancShares
Our parent company, First Citizens BancShares, is one of the largest family-controlled bank holding companies in the United States.
The company is publicly traded on NASDAQ under the symbol FCNCA2, Opens in a new tab.
Headquartered in Raleigh, N.C., BancShares’ assets total more than $39 billion.
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IndustryBanking/Financial Services
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No. of Employees5000+
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Website
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Jobs Posted461
