Director of Asset Liability Management

Company: First Horizon Bank
Location: Memphis
Posted on: May 27, 2023

Job Description:

About UsFirst Horizon Corp. (NYSE: FHN), with approximately $90 billion in assets, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, mortgage, and title insurance services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank.SummaryLeader of Asset/Liability function and the administration of enterprise-wide interest rate risk management. Requires excellent managerial, analytical, and communication skills. Preference is for this opportunity to be located in the Memphis office but may have the possibility of being remote upon discussion.Key Responsibilities IncludeResponsible for management of Asset/Liability team, strategic modeling of balance sheet, analysis of related interest rate risk position, forecasting of net interest income and net interest margin, and all related management reporting.Produce advanced analytical material for discussions with executive management and cross functional leadership teams to understand complex business objectives, influence strategic solutions, and ensure enterprise-wide market risks are within policy limits.Ownership of Asset/Liability model and all related assumptions including Funds Transfer Pricing methodology, back-testing, and documentation to certify outputs are reasonable and validated.Constructive engagement with various assurance functions including regulators, risk management, model validation, internal and external audit.Lead team through promoting an environment that is representative of First Horizon's culture, exercising superb managerial judgement, effective application of positive reinforcement and constructive criticism, providing compensation recommendations, and the execution of performance management through promotions and terminations where appropriate.Influence enterprise-wide strategy and provide recommendations to executive leadership via ALCO on methods to hedge interest rate risk through on and off-balance sheet instruments.Support company-wide forecast and capital management processes including liquidity and capital stress testing.Develop relationships with line of business and product executives to ensure sound understanding of business strategies and balance sheet goals.Manage processes for extracting data from various sources to load Asset/Liability model, review data for errors, and reconcile to consolidated balance sheet. Oversee updates to model and data sources as needed for new products or lines of business.Qualifications IncludeBachelor's degree in Economics, Finance, Statistics, Mathematics, Actuarial Sciences, or other quantitative discipline required; MBA or CFA preferred5+ years of Asset/Liability management experience at a regional bank or largerProficient in Empyrean or QRM Asset/Liability management softwareExcellent written and verbal communication skillsMust be open to feedback and new ideas; able to balance multiple priorities and meet deadlinesDexterity to generate complex financial reports and provide crisp and concise presentationsMust be proactive, deadline oriented, analytical, and have a strong work ethicProficient with Microsoft Office; experience with VBA, SAS, SQL, SSMS, and Power Query preferredBenefit HighlightsMedical with wellness incentives, dental, and visionHSA with company matchMaternity and parental leaveTuition reimbursementMentor program401(k) with 6% matchMore - Follow UsFacebook - Twitter - LinkedIn - Instagram - YouTube - Corporate Diversity Commitment:We remain committed to creating a more equitable society, and that starts with our associates, our clients, and the communities we serve. We do this by elevating equity, providing capital and counsel, and committing to excellence in everything we do.Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe 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)

Keywords: First Horizon Bank, Memphis , Director of Asset Liability Management, Accounting, Auditing , Memphis, Tennessee