Sr Asset Liability Analyst

Sr Asset Liability Analyst - TIAA Bank

The Sr Asset Liability Analyst aids in the measurement, analysis, and reporting of the Bank's interest rate risk position as well as other key metrics. The results produced by the analyst will assist in the development of asset/liability and balance sheet management strategies.

Key Responsibilities and Duties

• Performs complex analysis and measurements in the areas of interest rate risk, asset liability forecasting and other cash flow risk measurements.
• Processes and reports conducted by this role may include Economic Value of Equity (EVE), Earnings at Risk (EaR - both growth and no growth), Repricing Gap and other key asset/liability risk reports.
• Supports the Treasury leadership in balance sheet positioning, hedging and AFS portfolio management using analytical methods and tools to report on the Bank's balance sheet sensitivity to macro-economic factors.
• Partner with Finance and Accounting teams to help utilize ALM NII forecasting within Bank's Plan process.
• Improve forecasting accuracy and model performance through continuous back-testing and sensitivity analysis of behavioral models, assumptions and ultimately NII forecast.
• Develops and implements models within the QRM systems to automate the process of interest rate risk reporting.
• Partner in forecasting and supporting the Bank's Capital Stress Testing and/or FTP initiatives in collaboration with other Treasury team members from these teams.
• Maintains and updates the documentation for models and processes used in interest rate and other quantitative analysis, covering detailed procedures, assumptions, rationales, and version controls.
• Conducts ad-hoc financial analysis to aid senior management in the decision-making process impacting both the short- and long-term financial performance of the company.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3 Years Required; 5 Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

7IC

Required Qualifications

• 3 years of treasury or financial analysis experience

Preferred Qualifications

• Experience in asset liability and/or interest rate risk
• Understanding of fixed income valuations and bond maps
• Knowledge of QRM or a similar asset liability tool
• Strong Microsoft Excel skills and experience with Excel Workbook
• Basic knowledge of SQL
• Bachelor's or Master's degree in Finance, Economics, or Mathematics

#LI-CS2

Base Pay Range: $81,400/yr. - $135,600/yr.

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

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Company Overview

TIAA Bank, a division of TIAA, FSB, provides nationwide banking services to consumer and commercial clients through a variety of channels, including online and mobile applications, as well as its Florida-based financial centers.

TIAA has entered into a definitive agreement to sell TIAA Bank to new investors with extensive experience in financial services, as part of the company's strategy to refocus on its core retirement business and Nuveen, the company's asset manager. When the transaction is complete, in 2023, TIAA will retain a non-controlling stake in the bank, demonstrating the company's confidence in the bank's future success.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That's why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.

Read more about the Equal Opportunity Law here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:

Phone: (800) 842-2755

Email: accessibility.support@tiaa.org

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