Lead Treasury Analyst-Interest Rate Risk

Role Description

Within the Asset and Liability Management Group in the Corporate Treasury Department, the Lead Treasury ALM Analyst position will report to the Interest Rate Risk (IRR) Manager. The IRR team is responsible for the measurement, monitoring and management of interest rate risk, producing balance sheet forecasts, performing analysis to inform strategy and decisioning on balance sheet and Treasury actions and communication of key metrics and insights via regular reporting to the governing committees and the Board.

This position will be responsible for ALM modeling within the QRM Framework, a third-party provided software. Responsibilities center around the monthly production process as well supporting ad hoc analysis and capital stress testing. The analyst will be responsible for:

• Assessing model assumptions, sensitivity and stress testing, back testing, and conforming to controls.
• Measurement and review of key assumptions, feeder models and subsequent metrics.
• Documentation to ensure robust internal and external controls.

This position also works closely with other groups in Treasury and Finance who inform and leverage IRR results, including Funding, Liquidity, Capital, and Market Strategy. Interest rate risk models and measurements include NII at Risk, EVE at Risk, FMV OCI, cash flow modeling, and MSR. This position is also a key contributor to balance sheet modeling for the Strategic Plan and analysis for the Capital Stress Testing/CCAR process.

• Support Key’s management of interest rate risk and forecasting IRR metrics, including measuring exposure and evaluating hedging strategies, periodic scenario analysis and stress tests.
• Assist IRR Manager with setting direction and priorities for the team, meeting production responsibilities while seeking out opportunities for continuous improvement.
• Forecast via the QRM Framework to model the balance sheet to support interest rate risk, funding, liquidity, and capital analysis.
• Outline and sensitivity test key model assumptions.
• Assist in validating new data sources and versions of the modeling framework.
• Work with internal oversight groups.
• Participate in the Treasury Strategy Committee (ALCO subcommittee).

• Maintain an awareness of current market and economic conditions.
• Provide insights for process efficiencies, functional realignments, and overall continuous improvement.
• Create concise and clear presentation materials, simplifying complex topics and visualizing data.
• 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.

Qualifications

• Strong practical knowledge of ALM cash flow forecasting and valuation software (QRM Framework or similar).
• Two or more years of diverse banking/financial services experience, preferably with exposure to ALM.
• Strong financial modeling and technical financial risk management skills.
• Bachelor’s Degree is required. Preferred academic degree in STEM, Economics, Finance and Accounting.
• Excellent communication and internal partnering skills.

Requirements

• Strong teamwork, organization, and multi-tasking skills.
• Creative thinker with excellent problem-solving capabilities.
• Intellectual curiosity to expand Corporate Treasury, quantitative and analytical skills and knowledge.

Development Opportunities

• Unique opportunity to gain exposure to Key’s Interest Rate Risk Management, balance sheet, and regulatory reporting.
• Become a subject matter expert in ALM and Interest Rate Risk in the Banking Book.
• Exposure to senior leaders and stakeholders across the firm.

Compensation and Benefits

This position is eligible to earn a base salary in the range of $80,000 to $90,000 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.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.