Jr Asset Liability Management Analyst
Valley Bank · Paramus, NJ · Today
Finance$60/hrFull-time
At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice--building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth--with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US. At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you--working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients--that includes all our associates as well. The Jr Asset Liability Management (ALM) Analyst is responsible for providing comprehensive analysis for the Bank's balance sheet management process through interest rate risk measurement, deposit and loan analysis, and financial modeling. The analyst will perform monthly Asset Liability Committee (ALCO) reporting, build and maintain key model assumptions, monitor policy limits, and provide analytical support for strategic balance sheet decision-making. , 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. , Required Skills Proficient in Microsoft Excel. Ability to create pivot tables and macros and use lookup and logic functions.Strong analytical and quantitative skillsExcellent verbal and written communication skills.Ability to prioritize and organize assignments.Knowledge of banking industry and banking functions.Ability to handle multiple priorities simultaneously.Ability to meet strict deadlines and complete projects effectively with little supervision. Required Experience Bachelor's degree in Finance, Accounting, Economics, Mathematics, Business Administration, or a related field.Prior internship or short-term experience in banking, finance, treasury, accounting, risk management. Preferred Experience One year of experience in banking/finance preferred.Demonstrated interest in asset/liability management, interest rate risk, liquidity management, and financial analysis preferred.