POSITION: Finance Manager
FULLTIME/PARTTIME: Full Time
LOCATION: Charlotte, NC
SCHEDULE: 40hrs
PAY RANGE: $75-84 hourly
CONTRACTED: 07/15/2024 to 07/14/2025
(Exact compensation may vary based on skills, experience, and location. Base pay information is based on market location.)
JOB DESCRIPTION:
- The IRA team is responsible for reporting and analyzing the 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 banks balance sheet positioning as well as ad hoc analytics to support decision making across Treasury.
- The IRA team starts with the Banks spot data position and baseline forecast, then applies a variety of interest rate shocks both parallel and non-parallel to quantify and report the Banks 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.
JOB 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
- 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
- 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; excellent communication skills
- Excellent stakeholder relationship management abilities to establish and maintain collaborative partnerships across the organization
REQUIRED QUALIFICATIONS:
WORKING CONDITIONS:
- May on occasion be exposed to loud sounds and distracting noise levels, such as from office equipment.
- The ability to lift up to 30lbs
- Use of computers and technology
Here at Canon Recruiting, People are our priority, and we are committed to Include Diversity in every segment of who we are. It is only through our Diversity, we are made a stronger organization, and increase our ability to provide top tier candidates that our clients have come to know Canon for. We have an inclusive environment all employees are celebrated for their unique differences. The different perspectives and experiences of our workforce give us the competitive advantage that is essential for success in an ever-changing market. By promoting inclusion with the same enthusiasm, we devote to quality and competency, and using the experience from a diverse assortment of backgrounds and experiences, Canon is able to improve the services and value we deliver to clients, employees, and customers. At Canon, Diversification and Inclusiveness are much more than a corporate ambition; they are a critical component in our daily corporate life.
Canon Recruiting is committed to a diverse and inclusive workplace. Canon Recruiting is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.
The pay range for this position is listed above. Base pay information is based on market location.
We will consider for employment qualified applicants with arrest and conviction records. Our range of benefits may include health care and 401(k) savings plans.
For individuals with disabilities who would like to request an accommodation, please email hr@canonrecruiting.com