Balance Sheet Optimization Specialist

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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:

Position can be based in Charlotte, NC or Atlanta, GA

This role on Financial Methodologies and Performance Management team in the company’s Strategic Finance division will help shape the company’s balance sheet evolution and composition.
You will leverage your Python programming skills and knowledge of bank financial instruments, to analyze and evaluate non-treasury bank earning asset generation and capital deployment opportunities and help ensure their alignment with the company’s strategic, financial and risk management objectives.
You will be part of an enterprise team that seeks to optimize the bank’s loan and deposit mix in a risk-conscious manner and is a key contributor to decision-making on capital deployment at a Top 10 U.S. bank with $500+ billion balance sheet.

• Lead and own the systematic development and enhancement of a balance sheet optimization application, using Python programming.
• Manage and execute end-to-end optimization tool development cycle from requirements analysis, coding, testing, UAT and post go live maintenance and enhancement life cycle, including the following:
• Develop and iteratively optimize the bank’s business units’ asset origination strategy, considering interest rate risk, costs, fees and impact to key liquidity and capital metrics.
• Develop, continually enhance and maintain quantitative framework to optimize the bank business units’ loan and deposit mix.
• Quantify and model relationships of a dynamic balance sheet across multiple dimensions such as earnings drivers and regulatory constraints: liquidity, leverage, capital limits.
• Conduct scenario analysis to help inform resource allocation decisions based on marginal costs and return profile.
• Build relationships with key stakeholders to understand business needs, data requirements and scenario specifications.
• Explore opportunities and generate ideas to leverage the optimization tool to support business units’ balance sheet strategy and growth.
• Analyze output and summarize complex research takeaways in clear form and communicate to senior management.
• Maintain necessary documentation of source data and ensure support of data integrity.

This role is available at one of two levels, depending on the candidate’s years of relevant experience, with the remainder of qualifications substantively similar:

• Level 1: 3-5 years of relevant financial services industry experience, or
• Level 2: 5-10+ years of relevant financial services industry experience.

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

• Strong Python programming skills (incl. analytic libraries, e.g. Pandas, NumPy, SciPy, Plotly, etc.).
• Experience in asset liability management, bank balance sheet management, and/or optimization.
• Experience managing and interpreting large amounts of data.
• Excellent analytical skills; able to formulate problems, test hypotheses, analyze output to identify trends, and iterate toward a solution.
• A self-starter who is able to work independently.
• High degree of intellectual curiosity and courage to challenge the status quo.
• Familiarity with bank financial products.
• Mastery of Excel.

Preferred qualifications:

• Degree in a quantitative discipline (Math, Engineering, Computer Science, Data Science, Economics, or similar).
• Experience in quantitative or risk analytics, treasury, capital management, financial risk management, optimization.
• Completion, or demonstrated progress toward, a relevant certification (e.g., CFA, FRM, CTP).
• Excellent communication skills, including experience speaking to both technical and business audiences.
• Ability to take new perspectives and propose and improve on existing solutions.
• Hyperion / Essbase.
• SQL.
• Macros / VBA.

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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