Interest Rate Risk Analyst (onsite/hybrid)
Compliance - AgrilBank, FCB

Interest Rate Risk Analyst (onsite/hybrid)

Position Overview

As a key member of the Treasury team, you will be part of AgriBank's mission to support the people who feed the world. The Interest Rate Risk Analyst is a key contributor to the monthly Interest Rate Risk process and reporting team. The position accurately updates QRM on a monthly basis with appropriate assumptions for compliance and quarter end reporting, generates accurate risk reports on (but not limited to) EVE, NII, and Gap, and explains changes in risk to the market risk committee. The position performs ad hoc analysis and contributes to report build out as requested. This position also supports the Treasury data strategy and data management environment by providing analytic knowledge.

Job Functions*

Interest Rate Risk Measurement and Reporting

• Assists in the governance and documentation of the Interest Rate Risk monthly process and reporting function
• Develops, prepares, and presents compliance and management reports for Bank risk committees, providing clear communication of risk positions
• Ensures QRM model generates accurate and reliable estimates of the Bank's risk position
• Contributes to ad hoc attribution and interest rate risk analysis work to help explain change in risk position
• Actively seeks to improve reporting and analytics, which includes enhancing compliance and management reports and streamlining / automating data inputs
• Reconciles and maintains accurate month end positions in QRM
• Collaborates with Treasury's Balance Sheet Management and Loan Pricing teams to ensure proper assumptions and analyses to mitigate risk
• Prepares the QRM model and the inputs for monthly analysis independently: market yield curves and rate indexes, and loan, debt, investment, and derivative transactions.
• Reviews new transactions and resolves data errors. Reconciles opening balance sheet position to general ledger and reviews position for reasonableness.
• Prepares special analyses as part of standard calendar reviews of key modeling assumptions (such as NII Backtest, debt replenishment assumptions, QRM annual assumption review), documenting the results for Treasury

Data Strategy and Governance

• Serves as an active QRM governance committee member responsible for accurate implementation of approved QRM model changes in the Hub and rotates through leadership role at governance meetings
• Uses and applies Treasury data to drive value for the Bank and our customers
• Validates all proposed QRM model changes ensuring the changes will not create any issues for TRM or ERM production processes
• Assists in updating the Hub with month end objects and Cherwell ticket submissions

Projects

• Contributes to a variety of duties and projects that further Treasury and Bank goals and that provide development opportunities
• Contributes to collaborative team environment

* This job description is subject to change without notice.

Education and Experience

• Bachelor's degree in accounting, finance, economics, or statistics
• 3 years of related experience
• Or an equivalent combination of education and experience sufficient to perform the essential functions of the job

Knowledge

• Intermediate knowledge of quantitative risk management (QRM) or related ALM software
• Intermediate knowledge of the banking industry and asset/liability management practice
• Intermediate knowledge of financial, economic, and accounting concepts
• Intermediate knowledge and ability to query large data sets Intermediate knowledge of QRM

Skills

• Intermediate proficiency with statistical software or statistical spreadsheet tools (e.g., R, Python, MATLAB)
• Intermediate proficiency with structured query language (SQL) and relational databases
• Intermediate proficiency in querying large data sets
• Intermediate proficiency in office software Microsoft Office Suite

Physical Requirements

• Prolonged periods sitting at a desk and working on a computer
• Must be able to lift up to 15 pounds at times

The AgriBank Advantage

You are the key differentiator in the marketplace and ultimately the most important factor in helping us fulfill our mission to support those who feed the world. We are committed to providing you with a competitive compensation and benefits package - your total rewards for making significant contributions to our business and making a difference on behalf of those we serve.

The typical base range for this role is between $78,000 - $120,000. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. The position is eligible for a discretionary annual incentive program driven by organization and individual performance.

Benefits

AgriBank benefits provide safety, security, and peace of mind for you and your family. Through comprehensive Total Rewards, access to financial tools and support, and personal services, our benefits demonstrate that employees' health and financial well-being are of primary importance. Wherever you are on life's continuum or what life transition you experience, our benefits support your health care needs and guide you along the path to retirement.

Collaboration and Staying Connected

• Beautiful office with exceptional space to collaborate with your colleagues and friends
• Monthly employee activities to keep groups connected and have fun!
• Annual Employee Appreciation activities
• Multiple recognition programs to celebrate each other's success

Work and Life

• Paid time off
• Company holidays
• Floating holidays
• Sick time
• Right Work/Right Place hybrid work program
• Dress for Your Day flexible wardrobe policy
• Generous company match on employee donations

Growth and Development

• Employee and leader career development toolkits
• Tuition reimbursement
• Internal and external resources and opportunities to grow personally and professionally

Health, Wellness and Investment/Retirement

• Health care plan alternatives to fit your lifestyle, including:
• Health Savings Account (HSA) and Flexible Spending Account (FSA)
• Dental
• Vision
• Wellness reimbursement
• Investment and retirement planning
• Saving today for tomorrow is one of the smartest moves you can make. That's why AgriBank offers you a generous, competitive and flexible 401(k) plan for your financial well-being:
• Fixed Employer Contribution = 3 percent
• PLUS, Employer Matching Contribution = $1 for $1 match (vested fully after 4 years) on the first 6 percent of eligible compensation you save
• Life and disability insurance plans for eligible team members and their families
• Free exercise facility onsite for all employees
• Parking and transportation discounts
• Generous employee referral incentive

Join the dedicated professionals at AgriBank and put your skills to work ensuring farmers and rural communities have the innovative financial solutions they need to feed our neighbors and the world.

AgriBank will not sponsor a work visa (e.g., H1B, etc.) to fill this position.

Applicants requiring a reasonable accommodation for any part of the application process may contact us through the following methods: Phone: 651-282-8579 or Mail: AgriBank, Attn: Talent Recruiting, 30 E 7th Street, Suite 1600, St. Paul, MN 55101.

In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.

AgriBank FCB is an Equal Opportunity Employer (M/W/D/V) dedicated to diversity in the workplace and offers a great work environment. All qualified applicants will receive consideration for employment without regard to race, color, gender, age, religion, national origin, handicapped status, veteran status, public assistance status or other condition or status prohibited by law.

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