Director of Asset Liability Management
Company: First Horizon Bank
Location: Memphis
Posted on: May 27, 2023
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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
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