Position Title:

Interest Rate Risk Analyst

Exempt Status:

Exempt, Professional Exemption

Reports to:

Chief Risk Officer

Full-time Benefits:

• Medical, Prescription Drugs, Dental, and Vision Insurance
• Insurance Eligibility for Team Members and Dependents Starting on the First Day of Employment
• 401(k) with a Match
• Basic, Voluntary, and Dependent Life Insurance
• Paid Time Off
• Paid Bank Holidays
• Workplace Wellness Programs
• Employee Assistance Programs
• Tuition Reimbursement

Summary of the Job:

Maintain and manage the Bank’s interest rate risk modeling.

Essential Functions:

• Prepare, maintain, and manage the Bank’s interest rate risk (IRR) modeling function.
• Challenge model results and present to Chief Risk Officer and Chief Financial Officer for their own effective challenge.
• Prepare and present IRR model results monthly to the Bank’s Asset Liability Committee (ALCO);
• Preform stress testing or sensitivity analysis on model assumptions as needed to meet regulatory requirements.
• Prepare IRR related items for SEC reporting.
• Maintain complete and thorough documentation on model inputs, assumptions, output reviews and final results.
• Complete and review various ALCO reports.
• Complete or review various reconciliations and accruals.

Additional Functions:

• Perform duties with minimal supervision.
• Ability to exercise discretion and independent judgment with respect to matters of significance.
• Participate in proactive team efforts to achieve departmental and company goals.
• Perform other duties as assigned.
• Comply with all safety policies, practices, and procedures. Report all unsafe activities to supervisor and/or Human Resources.

Required Education/Experience:

• Bachelor’s Degree required, preferably in accounting or finance.
• Strong, working knowledge of Excel, Word, Outlook, Power Point, and Internet Explorer.
• Exceptional organizational, written, and verbal skills.
• Detail oriented with excellent analytical skills.
• Self-motivated and self-reliant with a business appearance and demeanor.
• Strong project management skills.

Necessary Skills:

• Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures or governmental regulations. Ability to write information and respond to questions from management, ALCO and clients/customers.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages. Ability to apply concepts of basic algebra and geometry.
• Ability to define problems: collect data, establish facts and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• Proficient personal computer skills including electronic mail, record-keeping, routine database activity, word processing, spreadsheet, graphics, etc.
• Prioritize, organize and execute multiple projects simultaneously.

Physical Activity/Dexterity:

• Manual dexterity sufficient to reach/handle items and work with fingers. Works with fingers and perceives attributes of objects and materials.

Physical Environment Demands:

• Must be able to remain in a stationary position 90% of the time.
• The person in this position needs to occasionally move about inside the office to visit other offices, conference rooms, office machinery, etc.
• Constantly operates a computer and other office productivity machinery, such as a calculator, copy machine, and telephone.
• Constantly positions self to operate on a computer.
• The person in this position frequently communicates with other people throughout each day. Must be able to exchange accurate information when conversing.

Working Conditions/Environment:

• Well-lighted, heated and/or air-conditioned indoor office setting with adequate ventilation.
• Moderate noise (e.g. business office with computers and printers, light traffic).

Work Schedule:

• Monday through Friday 8:00am-5:00pm.
• Ability to work overtime as needed.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)