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Company: Valley Bank
Location: Paramus, NJ
Career Level: Associate
Industries: Banking, Insurance, Financial Services

Description

Responsibilities include but are not limited to:

  • Load, reconcile, and validate balance sheet data within the Bank's ALM modeling platform (Empyrean) and provide interest rate risk and balance sheet analytics.
  • Prepare the Bank's monthly Asset Liability Committee (ALCO) reporting package.
  • Conduct monthly assumption monitoring and sensitivity analyses.
  • Monitor compliance with Asset Liability Management policies, limits, and risk thresholds, escalating exceptions and data concerns.
  • Manage the schedule for assumption studies, model validations, sensitivity analyses, and ALM reporting requirements.
  • Prepare analysis and presentations on interest rate risk results, including support for assumption development, documentation, and model updates.
  • Provide analytical support for Treasury, Finance, and ALM initiatives, including ad hoc balance sheet, funding, and profitability analyses and projects.


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