LHH has a well-known client in Charlotte, NC who seeks a Financial Analyst on a contract opportunity!
Pay Rate: up to $84.50
Worksite Type: hybrid (3 days onsite and 2 days WFH)
Assignment Type: contract
Assignment length: 12 months with potential for extension
Line of Business: CFO's office
LOB Role Overview
The Balance Sheet Management, Interest Rate Analyst team is responsible for reporting and analyzing the Bank's Interest Rate Risk (IRR) profile across various metrics, including Net Interest Income (NII), Basel 3 Capital (B3 Capital) and Economic Value of Equity (EVE). The IRA team is responsible for daily, monthly, and quarterly monitoring of the bank's balance sheet positioning as well as ad hoc analytics to support decision making across Treasury. The IRA team starts with the Bank's spot data position and baseline forecast, then applies a variety of interest rate shocks - both parallel and non-parallel - to quantify and report the Bank's IRR. The interest rate scenarios are largely focused on +/-100 basis points (bps) shocks, however, larger, and smaller shocks are also modeled, analyzed, and reported. The Bank has established risk limits for each metric across the various interest rate shocks, both at the Risk Appetite Statement (RAS) and non-risk appetite levels.
Key Responsibilities:
Interest Rate Risk measurement and analysis for the banking book
Multiple tools covering earnings and capital at risk on a daily, weekly, and monthly basis
Partners with Risk to establish risk appetite and monitor different risk appetite statements and non-risk appetite limits
Performs routine assumption sensitivity analysis (50+ scenarios impacting base or shock scenarios) ranging from static balance sheet, securities prepayment and reinvestment, deposit rate paid and mix, EVE truncation, etc.
OCI forecasting for stress testing
Model development, maintenance, documentation, MRM interaction
GRRP and EST documentation
Required and Preferred Skills and Experience
Require a university / college degree, with 5+ years of industry-relevant experience. In lieu of a degree, a comparable combination of education and experience may be considered
Strong Banking Industry Balance Sheet knowledge
Detail-oriented with strong problem-solving skills
Proficiency with Microsoft Office (Excel, Word, PowerPoint, Visio) is required. Familiarity with Essbase, SQL queries, Alteryx, Tableau, Python and TOAD software a plus.
Excellent communication skills - both written and verbal
Excellent stakeholder relationship management abilities to establish and maintain collaborative partnerships across the organization
Ability to work in a fast-paced environment with rapidly changing needs.
Organized and able to work on multiples tasks with limited supervision
Education
If you have an interest in the Financial Analyst role, please apply now!