Asset Liability Management Analyst
Description
About Us:
Umpqua Bank is headquartered in the Pacific Northwest with 5,000+ employees and offers banking services to customers throughout the nation. It’s an especially exciting time to join our team as, following the recent merger with Columbia Bank, we have grown to become a leading western-based regional bank with more than $50B in assets under management and an unwavering commitment to our associates, our customers, and our communities.
We create a great place to work by offering a special brand of relationship banking and by providing a culture where associates thrive. Associates who embody our core values fit in well here and we are eager to meet candidates who demonstrate behaviors that align with Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships.
About the Role:
This position will report to the Assistant Treasurer with direct visibility to the Treasurer and within the Treasury team. The role will assist with interest rate risk analyses and analytical support on a wide range of balance sheet related decisions. Also responsible for developing, maintaining, and understanding financial and statistical models used in these analyses. A solid understanding of mortgage and commercial loans, interest rate risk and asset liability management concepts are necessary. Building strong partnerships and effective communication within Treasury are also integral to this position.
- Assist in ensuring financial projections for interest rate risk are useful, timely and reasonable.
- Use analytical software and tools (Empyrean, QRM, Bancware, Excel, etc.) to develop, operate, and maintain models appropriate for projecting financial performance under various economic scenarios.
- Develop an understanding of our ALM data and the transformation processes for loading data into Empyrean.
- Take ownership of assigned projects and see them from concept through implementation.
- Maintain an awareness of current market and economic conditions.
- Prepare reports for ALCO, Treasury and other teams as needed.
- Maintain a working knowledge of fixed income instruments including mortgage-related products and indeterminate maturity deposits.
- Understand the cash flow drivers of our loan, investment, and deposit portfolios.
- Support statistical analyses in support of asset/liability management and liquidity management processes including:
- Support the update of deposit decay, deposit beta and deposit weighted average life models using the Empyrean Deposit Analytics tool to enhance the modeling of non-maturity deposits.
- Support the update to loan prepayment models for commercial real estate, residential mortgages, leases, commercial and other loans. Assist in ensuring the models are robust for asset liability modeling and capital stress testing.
- Support the on-going monitoring of all developed models.
- Ensure documentation of ALM feeder models, tools, and processes are current and meet regulatory standards.
About You
- Bachelor's Degree with concentration in Business, Finance, Accounting, Economics, Statistics or Mathematics with an MBA, CFA, CPA, CTP a plus
- Three plus years of experience in analyzing and modeling complex financial instruments in an asset liability management, fixed income research or trading, or similar context.
- Advanced skills in Excel.
- Good Understanding of statistical techniques such as linear regression, correlations analysis, T-tests, F-tests, and model development skills.
- Scripting/programming experience and understanding of data modeling and management.
- Ability to synthesize and present complex and technical information clearly to management.
- ALM software experience (Empyrean, Bancware, QRM, etc.)
- An understanding of interest rate risk metrics such as NII/NIM, EVE, duration, convexity, basis risk, optionality, etc.
- Ability to interact and build relationships across all functions within an organization.
- Organized and detail oriented.
- Basic accounting knowledge
- Self-starter with the motivation to assume additional responsibilities over time.
- Work involves sitting, occasional walking and lifting up to ten pounds.
- Requires close visual acuity.
- Normal office environment
- Occasional travel
Work Style:
Umpqua Bank offers a Flexible Workplace Program, and this opportunity comes with the Full Office work style which is working in office from a designated company location five days weekly.
Our Benefits:
We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $64,946.70 to $120,615.30, and the pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation and those details will be provided during the recruitment process.
We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.
Our Commitment to Diversity:
Umpqua Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics. If you require an accommodation to complete the application or interview(s), please let us know by email: [email protected]
To Staffing and Recruiting Agencies:
Our posted job opportunities are only intended for individuals seeking employment at Umpqua Bank. Umpqua Bank does not accept unsolicited resumes or applications from agencies and Umpqua Bank will not be responsible for any fees related to unsolicited resume submissions. Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Umpqua Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.