Asset Liability Manager

Company: Seacoast National Bank
Location: Sarasota
Posted on: May 26, 2025

Job Description:

DescriptionJOB SUMMARY:
Seeking an Asset Liability Manager to oversee and manage the day-to-day interest rate risk and funds transfer pricing for the bank. This includes developing and running IRR and FTP models to develop strategies to hedge the bank's risk and managing net interest margin fluctuations. The role would also include configuration and monitoring of behavioral models underlying the IRR and FTP frameworks.ESSENTIAL DUTIES AND RESPONSIBILITIES:INTEREST RATE RISK

• Manages process and policies used in ALM modeling, establishing and monitoring IRR risk limits as a part of the governance process in line with supervisory agency guidance
• Develops ALM documentation and follows ALM procedures
• Responsible for Asset Liability Committee (ALCO) quarterly reporting and presentation of results to ALCO
• Ensures accuracy of the model through back-testing process and review of key results
• Supports ALM validation process with external testing vendor
• Utilizes interest rate risk knowledge to model potential IRR and hedging strategies and communicates recommendations based on findings
• Utilizes model and knowledge base for IRR stress testing based on agency guidance
• Supplies interest rate risk measurements and fair value data for quarterly and annual regulatory agency filings
• Assists with the production of quarterly forecast updates of net interest income and annual updates on internal strategic planning
• Develops sensitivity analyses on prepayment speeds and deposit betas/decay.
• Presents model assumptions and line of business specific strategies Executive Management on a recurring basis
• Acts as the liaison with external auditors and regulators such as the OCC on matters related to Asset Liability Management
• Adhere to Seacoast Bank's Code of Conduct.FUNDS TRANSFER PRICING
  • Administer the process and operate FTP framework, allocating the costs and benefits of funding to business units according to supervisory agency guidance
  • Develops FTP documentation and follows FTP procedures
  • Review and implement treatments, methodologies and behavioral assumptions in the context of managing FTP charges and credits
  • Gain familiarity with leading FTP approaches for loans and non-maturity products in creating a Treasury mismatch
  • Communicate the methodologies and results to appropriate parties
  • Support other Treasury partners in the context of loan and deposit pricing and internal profitability measurementEDUCATION and/or EXPERIENCE:
    • 7+ years of banking experience with concentration in Asset Liability Management or related discipline
    • BS degree in Finance, Economics, Accounting, Business, or another quantitative discipline
    • MS in related field preferred
    • Extensive knowledge in interest rate risk, funds transfer pricing, and financial modeling
    • Empyrean ALM system software preferred, with knowledge of other systems (QRM or BancWare) considered
    • Strong communication and interpersonal skills
    • Ability to work in a fast-paced, team environment with little supervisionThe Statements above are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of responsibilities, duties, and skills. Because these statements are general, the job description is used for a variety of purposes including job evaluations; performance reviews; recruitment; etc. All Associates are required to adhere to the highest legal and ethical standards applicable to our industry. It is the policy of Seacoast Bank that all Associates will be familiar and compliant with all regulatory, legal, ethical and Bank risk mitigation requirements pertaining to both our industry and their individual roles. This includes the on time, successful completion of annual required training post-hire and effective execution of role responsibilities. ilities.
      
      Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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Keywords: Seacoast National Bank, Land O' Lakes , Asset Liability Manager, Accounting, Auditing , Sarasota, Florida