Asset Liability Manager Position Available In Sarasota, Florida

Job Description:

Description

JOB SUMMARY

Seeking an Asset Liability Manager to oversee and manage theday-to-day interest rate risk and funds transfer pricing for thebank. This includes developing and running IRR and FTP models todevelop strategies to hedge the bank’s risk and managing netinterest margin fluctuations. The role would also includeconfiguration and monitoring of behavioral models underlying theIRR and FTP frameworks.

ESSENTIAL DUTIES ANDRESPONSIBILITIES

INTEREST RATE RISK

Manages process and policies used in ALM modeling, establishingand monitoring IRR risk limits as a part of the governance processin line with supervisory agency guidance Develops ALM documentation and follows ALM procedures Responsible for Asset Liability Committee (ALCO) quarterlyreporting and presentation of results to ALCO Ensures accuracy of the model through back-testing process andreview of key results Supports ALM validation process with external testingvendor Utilizes interest rate risk knowledge to model potential IRRand hedging strategies and communicates recommendations based onfindings Utilizes model and knowledge base for IRR stress testing basedon agency guidance Supplies interest rate risk measurements and fair value datafor quarterly and annual regulatory agency filings Assists with the production of quarterly forecast updates ofnet interest income and annual updates on internal strategicplanning Develops sensitivity analyses on prepayment speeds and depositbetas/decay. Presents model assumptions and line of business specificstrategies Executive Management on a recurring basis Acts as the liaison with external auditors and regulators suchas the OCC on matters related to Asset Liability Management Adhere to Seacoast Bank’s Code of Conduct.

FUNDS TRANSFERPRICING

Administer the process and operate FTP framework, allocatingthe costs and benefits of funding to business units according tosupervisory agency guidance Develops FTP documentation and follows FTP procedures Review and implement treatments, methodologies and behavioralassumptions in the context of managing FTP charges and credits Gain familiarity with leading FTP approaches for loans andnon-maturity products in creating a Treasury mismatch Communicate the methodologies and results to appropriateparties Support other Treasury partners in the context of loan anddeposit pricing and internal profitability measurementEDUCATIONand/or

EXPERIENCE

7+ years of banking experience with concentration in AssetLiability Management or related discipline BS degree in Finance, Economics, Accounting, Business, oranother quantitative discipline MS in related field preferred Extensive knowledge in interest rate risk, funds transferpricing, and financial modeling Empyrean ALM system software preferred, with knowledge of othersystems (QRM or BancWare) considered Strong communication and interpersonal skills Ability to work in a fast-paced, team environment with littlesupervisionThe Statements above are intended to describe thegeneral nature and level of work being performed by people assignedto this position. They are not intended to be an exhaustive list ofresponsibilities, duties, and skills. Because these statements aregeneral, the job description is used for a variety of purposesincluding job evaluations; performance reviews; recruitment; etc.

All Associates are required to adhere to the highest legal andethical standards applicable to our industry. It is the policy ofSeacoast Bank that all Associates will be familiar and compliantwith all regulatory, legal, ethical and Bank risk mitigationrequirements pertaining to both our industry and their individualroles. This includes the on time, successful completion of annualrequired training post-hire and effective execution of roleresponsibilities. ilities. Equal Opportunity Employer/Protected Veterans/Individuals withDisabilities This employer is required to notify all applicants of their rightspursuant to federal employment laws. For further information,please review the notice from the Department of Labor. Required Preferred Job Industries Other