ALM Manager

Work Location:

Main Office or North Shore Office

Main Office:

800 Philadelphia Street

Indiana, Pa 15701

North Shore Office:

358 North Shore Drive

Pittsburgh, Pa 15212

Function:  Assumes responsibility for management of the bank’s asset liability management (ALM) which encompasses the strategic management of the balance sheet to achieve sustained growth and profitability while balancing the inherent risks. ALM involves the management of strategic initiatives, liquidity risk, interest rate risk, and capital.

Duties and Responsibilities:

• Manages the development of reports using advanced analytical software programs and techniques including: SAP BusinessObjects Web Intelligence (WebI), Tableau, Monarch, Excel, and others. Reviews and analyzes reports and stress tests and ensures their accurate and timely distribution. Designs, implements, and maintains systems. Maintains appropriate documentation that adheres to model risk management guidelines. Recommends system and process enhancements. Prepares and compiles the appropriate information and documentation for the Asset/Liability Committee (ALCO) report package. Interacts with internal audit and third party model validation consultants.

• Manages the daily liquidity position to ensure that the bank maintains the required reserves at the Federal Reserve and an appropriate level of asset liquidity. Initiates and executes short-term borrowing and selling transactions. Assists with brokered deposit transactions. Manages the collateral management process.

• Manages liquidity reporting. Provides analytical support to explain variances and trends. Develops a comprehensive understanding of liquidity regulations. Conducts the quarterly liquidity stress tests. Derives and documents the assumptions utilized in the stress tests, including loan losses, loan originations, deposit runoff, net interest margin, etc. Maintains the Federal Reserve Borrower-in-Custody program.

• Manages the reporting of net interest income, margin, and betas. Provides analytical support to explain variances and trends. Develops a comprehensive understanding of how loans and deposits interface to the general ledger and identifies potential irregularities during the financial close process.

• Manages interest rate risk reporting. Provides analytical support to explain variances and trends. Develops a comprehensive understanding of the Prologue Risk Manager (formerly IPS-Sendero) asset/liability system and interest rate risk regulations. Derives and documents assumptions such as loan prepayments, interest rate betas, deposit decay rates, etc. Conducts the annual market risk stress tests, sensitivity tests, and quarterly back tests.

• Manages capital reporting. Provides analytical support to explain variances and trends. Develops a comprehensive understanding of the capital regulation. Implements risk weighted asset enhancements through reporting changes. Conducts the annual capital stress tests. Derives and documents the assumptions utilized in the stress tests, including loan losses, loan originations, net interest margin, etc.

• Develops the balance sheet and net interest income components of the annual operating plan and periodic forecasts.

• Manages the ALM analyst team by providing training, mentoring, and coaching.

• Maintains a good working relationship with all bank employees. Demonstrates the ability to work independently. Works as a team player to contribute to the success of the department and in turn the organization.

• Assumes additional responsibilities and duties as required.

Education:

Requires a four-year college degree or equivalent. Major or area of specialization: Finance, Accounting, Economics, or Mathematics

Experience:

Requires ten years general finance related experience. Additional years of specialized experience including asset liability management and forecasting preferred.

Physical Demands:

Use of manual dexterity skills for typing and data entry up to 75% of the business day. Specific vision requirements include close vision of 18”-20” for computer work. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

Salary Range: