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Interest Rate Risk Manager in Columbus at Huntington

Date Posted: 6/22/2018

Job Snapshot

Job Description

Brief Description

The manager of the team is responsible for the design, test, and implementation of key behavioral and quantitative models that feed into and support Balance Sheet Management's (BSM) QRM environment. You will have responsibility to resolve model validation, internal audit and external regulatory findings in a timely manner, limiting the interest rate risk (IRR) exposure of the bank. You will ensure that the Corporate Treasury group is staying current on leading asset liability management (ALM), mortgage servicing rights (MSR) and quantitative modeling practices. You are responsible for ensuring ALM systems and processes are best-in-class and accurately measuring structural IRR embedded in the bank's balance sheet.

Detailed Description

  • Ensure modeling methodologies, assumptions, and QRM framework are conceptually sound, comprehensive, and well-documented
  • Lead the development and maintenance of econometric models and ensure they comply with the corporate model risk management standards and practices
  • Communicate with model risk management, internal audit, and regulators about models and governance as well as addressing any modeling related findings
  • Develop, integrate, and streamline models and assumptions in the BSM and MSR risk frameworks
  • Ensure the asset liability measurement systems is upgraded on an annual basis to take advantage of the latest developments and enhancements
  • Drive best-in-class ALM framework and practices by staying current on industry trends and developments
  • Ensure the treasury group is complying with the corporate risk management and regulatory policies and procedures
  • Collaborate with business partners and other modeling teams to ensure model's business applicability and accuracy e.g., prepayments and non-maturity deposit model
  • Ensure interest rate risk and liquidity risk modeling assumptions are accurate, reasonable and documented
  • Recommends model adjustments/changes, ensuring modeling capabilities are sufficient for the organization and analysis is consistent with industry best practice and internal governance standards.
  • Communicate with senior management, regulators, internal auditors, and risk management regarding asset/liability management modeling practices
  • Recommend and approve changes to major asset/liability modeling and assumptions, e.g., prepayments and non-maturity deposit pricing sensitivity
  • PManage a team of highly skilled associates, including communicating strategies and scheduling tactical projects, and reviewing and measuring performances.

Basic Qualifications

  • Bachelor's degree in Finance, Economics, Computer Science, Mathematics or Statistics
  • Minimum 7 years of experience in asset liability management, with a minimum of 2 years of experience using QRM
  • Programming skills in SAS, SQL, R

Preferred Qualifications

  • Deep understanding of bank balance sheets and bank-related products
  • Strong management skills; ability to prioritize work flows and deliverables
  • Proven ability to motivate, coach, mentor and develop the skills of staff, and to provide leadership through emphasis on continual improvement of processes and tools.
  • SAS programming certification preferred
  • Excellent communication skills and an ability to present findings on complex issues clearly to internal and external clients, both written and orally
  • Strong organizational skills combined with the ability to work independently
  • Detailed-oriented with strong analytical skills with proven ability to process large datasets into meaningful information
  • Intrinsic ability to look at data/results and identify patterns, problems, or analysis opportunities
  • Analytic reasoning capabilities and/or business intelligence experience and complex financial products and strategies
  • Ability to thrive in a dynamic and fast-paced environment
  • Master's degree in Finance, Economics, Computer Science, Mathematics or Statistics
  • Working knowledge and experience in statistical modeling

EEO/AA Employer/Minority/Female/Disability/Veteran/Sexual Orientation/Gender Identity Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details. Huntington does not accept solicitation from Third Party Recruiters for any position.