Interest Rate Risk Production Manager

Location:

Within the Asset and Liability Management Group in the Corporate Treasury Department, this position will report to the Interest Rate Risk Manager (IRR).  The IRR team is responsible for the management and monthly measurement of interest rate risk, culminating in presentation materials to the Treasury Strategy Committee and the Asset and Liability Committee.  Balance sheet modeling is done in the QRM Framework, a third-party software program. This position will be responsible for overseeing monthly production, maintaining model assumptions, and meeting internal/external governance requirements.  Primary model assumptions include prepayment rates, new business volume pricing, and deposit betas.  Governance includes maintaining documentation, stress testing, and working with oversight groups including Corporate Treasury Oversight, Model Risk, Third Party Risk Management, Qualitative Risk Assessment, and Risk Review. This position also works closely with other groups in Treasury and Finance who use QRM output, including Funding, Liquidity, Capital, Market Strategy, FP&A, and Line of Business Finance.

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. Responsible for the balance sheet modeling for the annual Capital Plan / CCAR process.

ESSENTIAL JOB FUNCTIONS

• Manage interest rate risk by measuring exposure and suggesting hedging strategies.
• Create concise and clear presentation materials, simplifying complex topics and visualizing data.
• Assist with setting direction and priorities for the team, meeting production responsibilities while seeking out opportunities for continuous improvement and ad hoc analysis.
• Use the QRM Framework to model the balance sheet to support interest rate risk, funding, liquidity, and capital analysis.
• Facilitate modeling and 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 data focused members of IRR Team in validating new data sources, and versions of the QRM Framework.
• Work with internal oversight groups including Model Risk and Corporate Treasury Oversight
• Participate in the Treasury Strategy Committee

MARGINAL OR PERIPHERAL FUNCTIONS

• Maintain an awareness of current market and economic conditions
• Provide insights for process efficiencies, functional realignments and overall continuous improvement
• Participate in strategy discussions around hedging and investing as part of overall balance sheet management
• Improve standard reports and presentation materials for clarity and incorporating additional visual elements

 
REQUIRED QUALIFICATIONS

• Prior management experience
• Five or more years of diverse finance experience, preferably with exposure to banking
• Bachelor’s Degree is required
• Excellent communication and internal partnering skills
• Familiarity with ALM cash flow modeling software such as the QRM Framework is a plus, but not required. 

COMPETENCIES/SKILLS

• Strong curiosity about banking and Corporate Treasury activities
• Leadership skills and effective delegation, able to coordinate simultaneous tasks within the team
• Creative thinker with excellent problem-solving capabilities
• Strong corporate finance, quantitative and analytical skills

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $120,000 to $150,000 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 which 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.

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_Compliance@keybank.com.

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