Truist Financial

Asset Liability Management Associate

Truist Financial$70K — $95K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years in finance, accounting, analytics, or reporting, or a relevant degree.
  • 3+ years in Asset Liability Management (ALM) at a bank or financial institution.
  • Strong ability to collaborate and work independently within teams.
  • Excellent analytical skills with a deep understanding of bank balance sheets.
  • Proficient in basic applications like Microsoft Office.

Responsibilities

  • Measure and monitor interest rate risk using net interest income (NII) and economic value of equity (EVE).
  • Analyze loan, deposit, and investment behaviors under different rate conditions.
  • Evaluate hedging strategies and interest rate risk mitigation actions.
  • Prepare recurring and ad hoc reports for senior management and risk committees.
  • Enhance process improvements, reporting automation, and ALM methodologies.
  • Maintain and develop ALM models, assumptions, and documentation.

Benefits

  • Medical, dental, and vision coverage.
  • Life insurance and disability benefits.
  • 401k plan with tax-preferred savings options.
  • At least 10 vacation days and 10 sick days annually.
  • Paid holidays and potential eligibility for a pension plan, RSUs, or deferred compensation.
Full Job Description
Support the measurement, analysis, and reporting of the bank's interest rate risk exposure. Partner with Treasury and Risk teams to evaluate balance sheet performance, analyze rate sensitivity, and provide insights that support risk management and strategic decision-making. Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. • Measure and monitor interest rate risk exposures using net interest income (NII) and economic value of equity (EVE) metrics. • Analyze balance sheet behavior, including loan, deposit, and investment portfolio dynamics under various rate scenarios. • Assist in evaluating hedging strategies and other interest rate risk mitigation actions. • Prepare recurring and ad hoc reports for ALCO, senior management, and risk committees. • Drive process improvements, reporting automation, and enhancements to ALM systems and methodologies. • Assist with the development and maintenance of ALM models, assumptions, and documentation. Required Qualifications: The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. • 5+ years of experience in one or a combination of the following: finance, accounting, analytics and reporting; or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, Business. • 3+ years in Asset Liability Management (ALM) in a bank or large financial institution. • Ability to work effectively, as well as independently, in a team environment. • Excellent analytical skills and knowledge of bank's balance sheet. • Demonstrated proficiency in basic computer applications, such as Microsoft Office. Preferred Qualifications: • A Masters of Business Administration (MBA), Chartered Financial Analyst (CFA), or Certified Public Accountant (CPA) Designation. • Knowledge and understanding of asset liability or liquidity management software, especially QRM. • Experience in financial statements, projections, and financial modeling. • General ledger experience. • VB (Visual Basic) experience. • SQL experience. • Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills. 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 . 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.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

Stay Connected

Don’t miss out on future opportunities or insights into our company culture and industry trends. Subscribe to our job alert emails and stay informed about new positions and career tips directly from our professionals. At Truist Financial, we’re not just offering jobs; we’re building careers. Join us and discover how you can make a difference and fuel your future.

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Learn more about Truist Financial
Size
50,283 employees
Market Cap
$56.6 billion
Industry
5 Year Trend
+14.3%
NASDAQ

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