Job Description
Insight Global is looking for a candidate who has a background in Treasury and ALM (asset liability management) combined with experience with QRM, and a background in math and finance. This individual will start in a 6-month contract that will lead to a full-time position. This is a very interesting and challenging area in a leading bank where you are able to see the connection between ALM and the rest of the balance sheet and understand why ALM truly matters.
This team is responsible for providing effective challenge, independent oversight, reporting, and monitoring of structural market risk in the Banking Book. Our ideal candidate has Asset Liability Management (ALM) experience with an academic background in math and finance.
The US regional banking crisis in 2023 has underscored the importance of ALM. In this role, you will be able to understand how the Bank manages its interest rate risk and provide effective challenge on existing modelling assumptions and strategies. You will work closely with stakeholders across Risk and Finance and observe the connections between various Treasury Risk functions (i.e, ALM, Funds Transfer Pricing, Capital, Liquidity & Funding).
Specifically, the responsibilities of the role include:
- Analyses the risk metrics (Economic Value of Equity, PV01, Earnings at Risk) from modelling, interest rate, and balance sheet changes/movements.
- Monitors structural market risk limits set by the bank as a second line of defense function. Deviations and excesses from structural market risk limits require investigation and sign-off from executives.
- Reviews and challenges models and non-model assumptions
- Prepares presentations and materials on structural market risk position to be discussed at committee meetings comprised of senior leaders of Market Risk and Corporate Treasury
- Supports audit and regulatory findings remediation efforts
- Conducts research and develops tools that use data to make better decisions
- Applies knowledge of risk assessment and controls along with extensive understanding of industry compliance standards and regulations.
- Identifies ways of mitigating potential risks; recommends and implements solutions based on analysis of issues and implications for the business.
- Documents data flow, systems and processes to improve the design, implementation and management of business/group processes.
- Conducts quantitative research in risks across strategies and portfolios.
- Works independently and regularly handles non-routine situations.
We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment regardless of their race, color, ethnicity, religion, sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military or uniformed service member status, or any other status or characteristic protected by applicable laws, regulations, and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please send a request to HR@insightglobal.com.To learn more about how we collect, keep, and process your private information, please review Insight Global's Workforce Privacy Policy: https://insightglobal.com/workforce-privacy-policy/.
Required Skills & Experience
- 5-7+ years of experience relevant experience, including in Treasury and ALM (asset liability management), such as analyzing risk metrics and monitoring structural market risk limits.
- Experience with QRM.
- Understanding of quantitative financial modeling and ideally hands-on experience.
- Academic background in math and finance, including a University degree.
Foundation level of proficiency:
- Regulatory capital and stress testing.
- Compliance and regulation.
- Machine learning.
- Learning agility.
- Systems thinking.
Intermediate level of proficiency:
- Asset liability management.
- Model risk management.
- Data management and data driven decision making.
- Critical thinking and analytical and problem solving skills.
- Driving results.
- Verbal & written communication skills.
- Collaboration & team skills.
Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.