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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

The IRR and FC Reporting Manager is a senior level manager and a subject matter expert on the balance sheet, net interest income, and net interest margin. This position manages and maintains infrastructure to develop financial forecasts for baseline and stress scenarios and ensure Truist can effectively identify, measure, and report the impact of potential changes in market interest rates on earnings and capital. The IRR and FC Reporting Manager is responsible for identifying actual and potential risks to plan and current forecast and initiating corrective action with line of business (LOB) managers. This position utilizes unique cross-disciplinary perspective that brings together financial, risk and regulatory concepts in order to provide relevant information for management decision-making.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Oversee the asset liability management (ALM) process for Truist including the preparation of the monthly NII forecast and annual NII Plan.  This includes identifying and measuring risk-to-earnings and risk-to-capital due to changes in market interest rates, global economic conditions, and/or customer behavior.

2. Present monthly forecast, IRR sensitivities, and EVE analysis to the Market Risk Liquidity and Capital Committee (MRLCC).  Lead the monthly Strategic MRLCC meetings and incorporate feedback from the LOBs into the forecasts.

3. Work with Corporate Treasury market groups to establish and analyze strategies to stabilize and optimize net interest income (NII).

4. Responsible for preparation, approval, and presentation of month-end close reports on balance sheet, net interest income and net interest margin.  This includes explaining variances to actual, plan and forecast for the month and YTD as well as Link and Like quarter if appropriate.

5. Identify variances to corporate plan and risks to current forecast and proactively initiate corrective actions with the LOB CFOs including evaluating pricing decisions and growth opportunities.

6. Manage the coordinated preparation of the MRLCC materials used by MRLCC, Truist Financial Corporation  Board of Directors, and Truist Bank's Board of Directors. These materials are to be prepared on a timely basis with the highest level of quality and accuracy.

7. Oversee the Asset Liability Management group's stress test process including but not limited to developing, running, challenging, and documenting stress scenario assumptions and results, ensuring consistent assumptions for various scenarios regarding balance sheet, net interest income, liquidity, and capital actions. Review pre-provision net revenue (PPNR) templates for CCAR submissions and quarterly reporting requirements.

8. Interact with internal and external auditors, external examiners, Model Risk Management, and Market and Liquidity Risk Management in the audit oversight of the modeling and reporting functions. Participate in monthly calls with examiners to summarize current forecast assumptions and impacts on NII, IRR, Capital, and Liquidity.

9. Provide subject matter expertise as an active member of MRLCC, various MRLCC subcommittees, various loan pricing committees, and CCAR working groups. 

10. Assist Investor Relations Department with analyst questions regarding NII, NIM, and balance sheet composition through participation in analyst calls and assisting with presentations.  Prepare quarterly analysis to assist the CFO during the quarterly earnings release and assist External Reporting by reviewing quarterly 10-Qs and annual 10-Ks.

QUALIFICATIONS

* Minimum Requirements: 

1. Master's degree in Business, or equivalent education and related training. 

2. 15 years of experience in banking or related field, 10 years in asset/liability management (ALM) in a commercial bank. 

3. 10 years of management experience that includes substantial supervisory responsibilities. Ability to think strategically.  

4. Ability to handle several competing priorities concurrently. 

5. Ability to adhere strictly to deadlines, sense of urgency. 

6. Ability to interact at all levels of management.  

7. Exceptional writing skills, verbal communication skills and personal presentation skills.  

8. Ability to create precise, targeted communication that creates ease of understanding of complex issues.  

9. A comprehensive understanding of accounting rules and regulations including a strong understanding of purchase accounting.  

10. Comprehensive knowledge of financial forecasting techniques and financial theory and application. 

Preferred: 

1. Chartered Financial Analyst (CFA), Certified Public Accountant (CPA) or Certified Management Accountant (CMA) Designation

2. Extensive QRM experience

3. Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills

4. Strong analytical skills with high attention to detail and accuracy

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

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