Interest Rate Risk- Senior Manager, Treasury (Analysis, Insights and Reporting)

Location : For Those Who Work At Home - Various, Ohio 44144

Within the Asset and Liability Management (ALM) Group in the Corporate Treasury Department, the IRR team is responsible for the overall measurement, management, and monitoring of interest rate risk in the banking book, including the monthly production and reporting of ALM and IRR metrics and outcomes to the Treasury Strategy Committee (TSC), Treasury Risk Oversight Committee (TROC), and the Asset and Liability Committee (ALCO).

The IRR Analysis Insights and Reporting Senior Manager will report to the Head of ALM and will lead a team of junior managers and analysts in leveraging produced IRR metrics to develop and deliver scenarios and ad hoc analysis, providing insights and recommendations to inform strategy and decision-making on IRR management.

This position is also responsible for analysis, insights, and reporting on balance sheet NII / NIM, collaborating closely with Key's financial forecasting and reporting process performed by the ALM Production team in consultation with FP&A.

A core area of focus will be enhancing the quality, sustainability, and content curation of reporting and presentation materials, including analysis to understand and explain drivers, variances, and trends for agile forward-looking monitoring of IRR exposures and ALM positions.

IRR models and outputs include Net Interest Income at Risk, Economic Value of Equity at Risk, Forward Valuation of swaps and investments, balance sheet runoff cash flows, and Commercial Mortgage Servicing Rights Valuation.

The role is also responsible for assessing, analyzing, and presenting IRR scenarios, drivers, and impacts from balance sheet modeling for the annual Capital Plan / CCAR process.

ESSENTIAL JOB FUNCTIONS

• Manage monthly production and reporting of ALM and IRR metrics and outcomes to the TSC, TROC, ALCO, and presentation materials for Board, Regulators & Investor Relations.
• Leverage tools and analytics to develop meaningful analysis to assess and manage interest rate risk in the banking book, including duration risk, yield curve, optionality risk, and basis risk.
• Perform analysis to inform and advise on Board risk appetite and limit setting approval.
• Perform attribution analysis and drive key insights on drivers, variance, and trends in monthly NII@Risk and EVE metrics.
• Manage interest rate risk by measuring exposure and recommending balance sheet positioning and hedging strategies.
• Thought leadership and active engagement in enhancing interest rate path and shock scenarios, including non-parallel rate shocks, alternative scenarios, and stress testing.
• Develop and execute quarterly scenario analysis to assess and inform on interest rate strategy and ALM operating range management in partnership with IRR Production and Corporate Treasury Portfolio & Investments team.
• Manage the creation of high-quality presentation materials with relevant content, visualization, insights, and narratives simplifying complex topics.
• Review outcome and lead analysis for quarterly / semi-annual / annual stress tests within the net interest income framework.
• Aggregate and test key model assumptions, including interest rate scenarios, prepayment assumptions, and new business volume pricing.
• Assist in reviewing and validating new data sources, assumptions, and results produced by the IRR Production and Forecasting team.
• Work with internal oversight groups including Model Risk and Corporate Treasury Oversight.
• Part of Corporate Treasury ALM senior leadership with setting direction and priorities for the team, meeting interest management and reporting responsibilities while seeking out opportunities for continuous improvement, monitoring, and controls in strategy and reporting of IRR.

REQUIRED QUALIFICATIONS

• 10-14 years of relevant Corporate Treasury, Financial Risk Management, and Finance experience in Banking or Financial Services.
• Excellent communication and internal partnering skills for this leadership position.
• Demonstrated knowledge of Banking book IRR management and ALM is a differentiator.
• Bachelor's Degree, preferably in STEM, Finance, Economics, or Accounting is required. Master's degree is preferred.
• Demonstrated hands-on experience with ALM modeling software (QRM highly preferred).

COMPETENCIES / SKILLS

• This is a senior role with high visibility and potential for regular interaction with senior executives at the firm including Treasurer, CFO, CRO, and ALCO, presenting a terrific opportunity to build a network across the bank with Finance, Risk, and Lines of Business.
• Thought leadership and influencing skills to inform and advise on the direction of the strategic areas of Corporate Treasury balance sheet management and ALM for the bank.
• Practical hands-on experience working at a large or regional bank Corporate Treasury or Treasury Risk Management function.
• Excellent partnering skills with fellow Corporate Treasury leaders and peers in ALM, Liquidity, Capital, Funding, and Investment desks.
• Strong knowledge of Banking business models, and relevant prudential regulations requirements, issues, and challenges.
• Leadership skills and stakeholder management, including effective delegation and decision-making to coordinate team tasks and execution.
• Creative thinker with excellent problem-solving capabilities.
• Strong analytical skills and experience leveraging data and quantitative analytics tools and software.

Monthly Travel to Cleveland Required

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $160,000 to $205,000 annually depending on location and job-related factors such as level of experience.

Compensation for this role also includes eligibility for short-term incentive compensation and deferred incentive compensation subject to individual and company performance.

Please click here for a list of benefits for which this position is eligible.

Key has implemented a role-based Mobile by Design approach to our employee workspaces, dedicating space to those whose roles require specific workspaces while providing flexible options for roles that are less dependent on assigned workspaces and can be performed effectively in a mobile environment.

As a result, this role may be Mobile or Home-based, which means you may work primarily either at a home office or in a Key facility to perform your job duties.

Job Posting Expiration Date : 09 / 29 / 2024

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable, and inclusive culture.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or other protected category.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR [email protected].

Check below to see if you have what is needed for this opportunity, and if so, make an application asap.

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