Treasury Analyst - Forbright Bank

COMPANY DESCRIPTION:  Forbright is a nationwide full-service bank and lender helping accelerate the transition to a sustainable and low-carbon economy. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable economy by financing visionary leader in clean energy, healthcare, technology, financial services, real estate, and other industries with extraordinary service.

COMPANY CULTURE:  We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible environmental, social, and governance (ESG) practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back.  We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.

COMPANY MISSION:  We are a values-driven institution with an uncommon commitment to decarbonization and sustainability. As the need to build a more sustainable, low-carbon economic system grows increasingly urgent, we are dedicating half of our assets to financing the companies, investors, and innovators driving that change. We are reimagining how a bank should operate in a changing world.

JOB SUMMARY:  The Treasury Analyst is primarily responsible for assisting in the operation of the ALM Model and for the measurement, monitoring, and documentation of the Company’s interest rate risk (IRR). The position will have additional responsibilities related to liquidity risk and other functions within the FP&A team. The Treasury Analyst assists in developing and maintaining necessary procedures and documentation to create a repeatable and well-controlled IRR process.
 
DUTIES AND RESPONSIBILITIES:

• Primarily responsible for the operation of the ALM model for Net Interest Income (NII) simulation and economic value of equity (EVE) sensitivities including the preparation of data files and model assumptions
• Assist in ALM model stress testing, back testing and forecasting
• Monitor and report the bank’s daily liquidity and cash position
• Create and prepare ALCO reports on a monthly basis
• Ensure a positive, collaborative work environment
• Ensure the Company’s compliance with US GAAP and Regulatory guidance
• Follow and recognize economic, regulatory, and other trends to determine potential impacts on IRR of the Company
• Maintain a strong internal control environment in accordance with SOX 404

DESIRED QUALIFICATIONS:

• Bachelor’s degree in Accounting, Finance, or Economics (advanced degree or designation preferred)
• Minimum of 1 to 3 years of ALM experience
• Recent experience running Empyrean or QRM for NII and EVE purposes.
• Experience with Bank forecasting and financial analysis
• Experience with liquidity and cash monitoring
• Creative problem solver with the ability to develop new processes and communicate processes with stakeholders
• Flexible and willing to adapt to change and learn quickly
• Proven ability to communicate with executive management
• Professional written, oral, and interpersonal communication skills necessary to provide detailed information and courteous responses to teammates, vendors, auditors, and regulators

POSITION REQUIREMENTS:  The requirements described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. Work is conducted primarily in an office; however, some positions may be conducted remotely via technology. While performing duties of this job, the employee may be regularly required for prolonged periods of time to:

• Sit or stand at a desk
• Walk, stoop down, crouch, kneel or bend over
• Use hands and fingers
• Utilize a computer monitor with visual acuity
• Operate technology and other office machinery such as printers, fax machines, scanners, etc.
• Communicate clearly both verbally and in writing with others

ADDITIONAL DUTIES: For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.

PERKS/BENEFITS:

-Comprehensive health, dental, and vision plans

-4 weeks PTO

-401k + company match

-Metro SmartTrip benefits ($50/mo)

-Remote or hybrid work schedules for most positions

-Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.

-Paid subscriptions to Veterans Compost, Imperfect Foods, and more!

-Best Workplaces for Commuters 2023 & 2024 winner

-The Washington Post Top Workplaces 2023 winner

-American Banker Best Banks to Work For 2023 winner

It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.