Description
Description
Summary Responsible for maintaining the Bank''s Asset/Liability Management (ALM) Model and for generating timely reports and analyses for use by internal management and the Asset Liability Committee (ALCO). Responsible for ensuring the integrity of the Asset/Liability Management Model''s database and assumptions, and for controlling the quality and accuracy of various financial reports to include interest rate risk management reports and the financial performance forecast. Responsible for advising the Asset/Liability Manager of changes in the Bank''s interest rate risk profile on a regular and as requested basis through standardized reports, and for revising and enhancing the Model as requested by Asset/Liability Manager, Treasurer, and CFO. by performing the following duties.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
Updates the Asset/Liability Management Model on at least a monthly basis, including but not limited to: review and revisions of underlying assumptions, and application of existing data management routines
Generates accurate, timely and comprehensible interest rate risk management reports in the form of valuation and income sensitivity reports for ALCO meetings and as requested
Provides critical analysis of modeling results for purposes of internal validation and explaining risk positions to management
Supports the quantitative and analytical needs of market risk management through derivation of forward and deterministic interest rate curves and causal variables, ensuring proper economic and accounting value approaches are incorporated in modeling, and maintenance of the department''s prepayment forecasts and runoff functions
Responsible for the effective data extraction and validation processes as related to the monthly A/L model update process so as to ensure the accuracy and reliability of reported results
Develops techniques and procedure for analyzing individual balance sheet portfolios to assess their impact to balance sheet strategy and earnings to include core deposit retention and deposit decay analysis as well as loan portfolio duration analysis
Works with appropriate personnel in the Commercial, Consumer, and Residential Mortgage areas to recommend strategies that integrate the Company''s balance sheet design to enhance and protect earnings and growth
Supports the Commercial, Retail, and Residential Mortgage lending areas as required to improve the management of the profitability goals of those areas
Overall responsibility for the Company''s Loan Pricing Models and associated pricing matrices produced weekly; works with Asset/Liability Manager and appropriate lending division(s) personnel to maintain models'' integrity in unison with the Company''s lending strategies and profitability requirements
Maintains weekly/monthly processes for Funds Transfer Pricing (FTP) - Key person involved in the companies FTP methodolgy specific to the measurement and assignment when assessing funds overall profit contribution of business units, products, and customers
Responsible as team member for administering matched-term method FTP approach which assigns unique transfer rates to each source and use of funds at the time of origination. Matched-term methods derive transfer rates from continuous term structure pricing curves that represent prevailing rates for wholesale investment/ borrowing alternatives available to the institution. Pricing curves are derived from treasury yield curves, interbank lending curves, interbank swap curves, or government agency advance curves
Supports integration of ALM processes with Company''s budgeting and strategic planning processes
With Asset/Liability manager, provides Basecase planning model to Financial Planning Group for use as basis for all forecast work and maintains synchronization with ALM chart of accounts with general ledger
Secondary Duties
Responsible for documenting procedures and maintaining controls to guarantee the continuous availability of accurate and timely financial information
Provides quantitative and analytical support to Asset/Liabiliy Manager and Treasurer as needed
Responsible for maintaining a working knowledge of the developing ALM concepts
Interprets the results of the ALM Model to ensure the reasonableness of its output
Supplements other analysts as a resident expert in balance sheet instruments and provides guidance to funds management with identification of potential exposures stemming from ad-hoc investment strategy analysis
Supervisory Responsibilities
This job has no supervisory responsibilities.
Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Education and/or Experience
Required:
Bachelor''s degree in finance, accounting, economics, or quantitative discipline; five years banking and three years BancWare experience
Preferred:
Coursework and/or professional training in data systems is preferred as is proficiency in use of database query and reporting tools and have direct experience in data management for complex financial applications.
Three to four years direct experience on Sungard BancWare ALM4 and/or ALM5
Language Skills
Ability to communicate effectively orally and in writing using the English language; Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents; Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community; Ability to write speeches and articles for publication that conform to prescribed style and format; Ability to effectively present information to top management, public groups, and/or boards of directors.
Mathematical Skills
Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations; Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis.
Reasoning Ability
Ability to define problems, collect data, establish facts, and draw valid conclusions; Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
Computer Skills
Ability to learn or knowledge of Microsoft Office products including Microsoft Word, Excel, Access and Powerpoint; Ability to learn or knowledge of Outlook email program
Certificates, Licenses, Registrations
No specific certifications, licensure or registrations are needed to satisfactorily perform this job.
Competencies
To perform the job successfully, an individual should demonstrate the following competencies:
Core Values - Has a high level of commitment to service to all of our customers, both external and internal; Honors others and acts with integrity and ethics; Promotes Hancock Holding Company in safety and financial strength and stability; Exhibits teamwork and the value that no one person is more important than another; Accepts personal responsibility for actions.
Business Skills - Pays close attention to detail; Possesses good organizational skills; Exhibits high level accounting skills; Has knowledge of basic banking products such as depository accounts and investments.
Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and procedures.
Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.
Project Management - Develops project plans; Coordinates projects; Completes projects on time and budget; Manages team project activities.
Technical Skills - Assesses own strengths and weaknesses; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.
Customer Service - Manages difficult or emotional customer situations; Responds promptly to customer needs; Solicits customer feedback to improve service; Responds to requests for service and assistance; Meets commitments.
Interpersonal Skills - Focuses on solving conflict, not blaming; Maintains confidentiality; Listens to others without interrupting; Keeps emotions under control; Remains open to others'' ideas and tries new things.
Oral Communication - Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings.
Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Presents numerical data effectively; Able to read and interpret written information.
Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others'' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives; Supports everyone''s efforts to succeed.
Visionary Leadership - Displays passion and optimism; Inspires respect and trust; Mobilizes others to fulfill the vision; Provides vision and inspiration to peers.
Change Management - Develops workable implementation plans; Communicates changes effectively; Builds commitment and overcomes resistance; Prepares and supports those affected by change; Monitors transition and evaluates results.
Leadership - Exhibits confidence in self and others; Accepts feedback from others; Gives appropriate recognition to others.
Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals.
Cost Consciousness - Works within approved budget; Contributes to profits and revenue; develops and implements cost saving measures; Conserves organizational resources.
Diversity - Demonstrates knowledge of EEO policy; Shows respect and sensitivity for cultural differences; Educates others on the value of diversity; Promotes a harassment-free environment.
Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization''s goals and values; Benefits organization through outside activities; Supports affirmative action and respects diversity.
Strategic Thinking - Develops strategies to achieve organizational goals; Understands organization''s strengths & weaknesses; Analyzes market and competition; Identifies external threats and opportunities; Adapts strategy to changing conditions.
Judgment - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.
Motivation - Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence.
Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.
Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.
Quantity - Meets productivity standards; Completes work in timely manner; Strives to increase productivity.
Safety and Security - Observes safety and security procedures; Determines appropriate action beyond guidelines; Reports potentially unsafe conditions; Uses equipment and materials properly.
Adaptability - Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events.
Attendance/Punctuality - Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time.
Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals; Completes tasks on time or notifies appropriate person with an alternate plan.
Initiative - Volunteers readily; Undertakes self-development activities; Seeks increased responsibilities; Looks for and takes advantage of opportunities; Asks for and offers help when needed.
Innovation - Displays original thinking and creativity; Meets challenges with resourcefulness; Generates suggestions for improving work; Develops innovative approaches and ideas; Presents ideas and information in a manner that gets others'' attention.
Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle or feel such as using a computer mouse or writing and talk or hear in person or on the telephone with other employees, supervisors and in some cases the general public and board of directors. The employee is occasionally required to stand; walk and reach with hands and arms. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision and depth perception.
Work Environment The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
Assignment of Duties
NOTHING IN THIS JOB DESCRIPTION RESTRICTS MANAGEMENT''S RIGHT TO ASSIGN OR REASSIGN DUTIES AND RESPONSIBLITIES TO THE JOB AT ANY TIME.
Details:
Job Id:
22627359
Posted / Updated:
1/8/2011 3:52:52 AM
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