Position Overview:
We are seeking a highly skilled and experienced Assistant Controller with a strong background in liquidity and asset-liability management (ALM) to join our dynamic finance team. In this role, the Assistant Controller will be responsible for overseeing financial reporting, compliance, and analysis related to liquidity risk, asset-liability management, and balance sheet optimization. The ideal candidate will have a deep understanding of banking regulations, financial management, and risk mitigation strategies within the banking industry.
Key Responsibilities:
- Liquidity Management: Monitor and manage the bank’s liquidity position to ensure that the institution maintains adequate liquidity levels while meeting regulatory requirements.
- Asset-Liability Management (ALM): Support the ALM process by analyzing the bank’s balance sheet, assessing interest rate risk, and providing recommendations to optimize the bank’s asset and liability mix.
- Financial Reporting: Prepare and review regulatory reports related to liquidity, ALM, and other financial data, ensuring compliance with all regulatory and internal reporting requirements.
- Risk Management: Collaborate with risk management teams to identify, assess, and mitigate liquidity and interest rate risks across the bank’s balance sheet.
- Budgeting & Forecasting: Assist in the preparation of financial forecasts and budget models that incorporate liquidity projections and ALM strategies.
- Regulatory Compliance: Ensure compliance with regulatory requirements, including those set by the Federal Reserve, OCC, FDIC, and other relevant authorities.
- Data Analysis & Reporting: Provide accurate and timely financial data, metrics, and reports to senior management, highlighting trends, risks, and opportunities related to liquidity and balance sheet management.
- Strategic Planning Support: Assist senior leadership in developing strategies to optimize the bank’s capital structure, liquidity, and funding sources.
- Process Improvement: Continuously evaluate and improve processes related to financial reporting, ALM modeling, and liquidity management.
Qualifications:
- Education: Bachelor’s degree in Finance, Accounting, Economics, or related field. CPA, CFA, or MBA preferred.
- Experience: Minimum of 3 years of experience in financial services, specifically in liquidity management, asset-liability management, or treasury.
- Knowledge: Strong understanding of liquidity risk management, interest rate risk, and financial regulations within the banking sector.
- Technical Skills: Proficiency in financial modeling, Microsoft Excel, and banking software systems. Experience with ALM software (e.g., QRM, Polypath) is a plus.
- Analytical Skills: Strong analytical and problem-solving abilities with the capacity to identify key issues, assess risks, and recommend solutions.
- Communication: Excellent written and verbal communication skills, with the ability to present complex financial data clearly to non-financial stakeholders.
- Attention to Detail: High level of accuracy and attention to detail in all financial analysis and reporting tasks.
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