Assistant Vice President Of Asset-Liability Management
Demopolis, Al
I created a new role in the bank focused on asset-liability management (ALM). I changed from a call report based model to a much more detailed loan and deposit portfolio model, giving the bank the ability to much more accurately forecast interest rate risk and net interest income. I began collecting data and documenting all critical assumptions for the model, resulting in a .01% variance from projections to actual results by the time I left. I led all Asset-Liability Committee (ALCO) meetings, and trained the Board of Directors on ALM and the regulatory changes that were occurring.I performed ramped rate and non-parallel rate shocks, as well as performed stress testing and sensitivity analysis on all assumptions.I developed a liquidity stress testing model, forecasting liquidity over mild, moderate, and severe economic conditions. This helped the bank project any future cash flow problems, as well as determine the effects that increasing assets would have over the next quarter. I purchased fixed income securities including Mortgage Backed Securities, Collateralized Mortgage Obligations, and Municipal bonds, as well as managed the existing bond portfolio.I wrote bank policies and strategy objectives and reported to the Board of Directors regularly.I worked with the bank's accounting processes and financial reporting to make them more useful.