Description

Location: On site, Within the First Horizon Footprint

Summary

As a Senior ALM Analyst and Projects Lead in the Corporate Treasury department, you will lead the Asset Liability Management (ALM) regulatory processes. Additionally, you will help drive continued ALM process improvements. First Horizon has a diversified business model with a highly attractive geographic footprint. Additionally, the bank has a strong balance sheet with asset exposure to Commercial and Consumer loans and on the deposit side above industry average insured and collateralized deposits positioning it well for the future. Requires excellent managerial, analytical, and communication skills. Preference is for this opportunity to be in the Memphis TN or metropolitan areas in the Southeast United States.

Key Responsibilities Include

• Ownership of Asset Liability Model and all related assumptions including Interest Rate Risk: GAP, NII Static and EVE analysis as well as Funds Transfer Pricing methodology, back-testing, and documentation to certify outputs are reasonable and validated

• 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

• Summarize model results by developing presentation materials for management (including the Asset/Liability Committee “ALCO”) senior leadership and the board

• Reconciles actual and forecasted results and modifies models to improve future forecasts

• 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 the financial function of Dynamic Net Interest Income forecasting and capital management processes as needed

• Partner with risk management, internal audit, and model validation to ensure processes and procedures are appropriate, executed, and follow Company and regulatory guidelines

• Significant opportunity for growth within the ALM team for the right candidate including exposure to Deposit Analytics, Liquidity Stress Testing and other Treasury processes

Project Management:

• Lead the combined model project to enhance, align and simplify our NII at Risk, EVE at Risk and GAP reporting

• Design, Enhance and simplify the ALM Interest Rate Risk processes though enhancing the model, inputs, outputs, presentations to drive speed improvements and increased transparency

• Co-lead the effort to migrate Empyrean ALM software to the Cloud

• Lead ad hoc projects and analyses

Qualifications Include

• Bachelor’s degree in business administration, Economics, Finance, Statistics, or another analytical discipline

• 5+ years of Asset/Liability management, FP&A or CCAR experience at a regional bank or larger

• Proficient in Empyrean, QRM, BancWare or similar Asset/Liability management software

• Excellent written and verbal communication skills

• Must be open to feedback and new ideas; able to balance multiple priorities and meet deadlines

• Dexterity to generate complex financial reports and provide crisp and concise presentations

• Must be initiative-taking, deadline oriented, analytical, and have a strong work ethic

• Proficient with Microsoft Office; experience with SQL and Power Query preferred

Preferred Skills

• Master’s degree in business administration (MBA), Finance, Statistics, or another analytical discipline

• Chartered Financial Analyst (CFA) designation, FRM or CPA or progress towards highly preferred

• Experience within ALM systems such as Empyrean, QRM, Bancware, or related software, SQL Server, Hyperion Essbase, Bloomberg all preferred.

About Us

First Horizon is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. With $81.7 billion in assets as of December 31, 2023, we serve clients through a team of approximately 7,300 associates and 418 banking centers throughout the southeastern United States. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. 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.

Benefit Highlights

• Medical with wellness incentives, dental, and vision

• HSA with company match

• Maternity and parental leave

• Tuition reimbursement

• Mentor program

• 401(k) with 6% match

• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

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.

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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The 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)