Job Information
Citizens Treasury - Asset and Liability and QRM Specialist in Boston, Massachusetts
Description
Job Description:
The ALM Team is responsible for monthly interest rate risk and quarterly capital stress testing analytics. The team provides senior management, as well as the Board, with key insights into the bank's performance under a range of economic and interest rate scenarios, supporting the strategic management of our interest rate risk and bank capital levels.
In your role as Asset and Liability Management Manager you will be given the opportunity to own the end-to-end forecasting process for a sub-set of the CFG balance sheet. Forecasting across multiple economic and interest rate scenarios, the candidate will develop a deep understanding of behavioral modeling, balance sheet forecasting, financial reporting, and stakeholder management.
In this role at Citizens you’ll experience a collaborative team environment, exciting learning and growth opportunities, and the ability to shape our balance sheet forecasting! Citizen's management is focused on the growth of its team members, and best efforts are made to ensure that each colleague continues to develop and expand their expertise in support of their future career goals.
Job Responsibilities:
Work cross-functionally to generate forecasting assumptions for assigned portfolio(s).
Operate as subject matter expert of the assigned portfolio(s) within Treasury ALM.
Bring together an understanding of financial mathematics, banking products and QRM capabilities to identify and recommend best in class forecasting approaches.
Utilize the ALM balance sheet model (QRM) to run EVE, NII and Capital Adequacy for assigned portfolio(s)
Perform attribution analysis of portfolio(s) impacts on balance sheet risk metrics.
Execute assumption sensitivity and back-testing to identify the main drivers of changes in metrics.
Regularly review portfolio assumptions and processes to identify areas of improvement.
Enhance and/or develop reporting tools used to communicate risk drivers to senior management.
Complete ad-hoc analyses to improve balance sheet modeling risk analytics.
Qualifications
Required:
3+ Years of advanced QRM experience.
5+ Years of Treasury ALM experience.
Well versed with regional banking products and balance sheets.
Strong Excel skills with an eye toward building analytical efficiency.
Ability to coordinate tasks and effectively manage time to meet deliverables.
Good written and oral communication skills.
Quick learner, comfortable with the concepts of financial mathematics.
Self-starter.
Intellectual curiosity and creative problem-solving skills.
Preferred:
SQL skills
Experience with Hyperion Essbase
Experience with PowerBI
Experience with PowerQuery
Education:
Required - bachelor’s degree, ideally in business, finance, computer science, math or statistics
Master's Degree preferred.
Certified Financial Risk Manager (FRM) or Chartered Financial Analyst (CFA) preferred
Hours and Work Schedule: 40 hours p/week – M-F Hybrid - 3 days in the office, 2 remote.
Location: Boston MA, Westwood MA, Johnston RI
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Equal Employment Opportunity
At Citizens, we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer
Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.
Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth
Background Check
Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.