American Savings Bank Honolulu, HI, USA
Nov 11, 2017Full time
Job Description Responsible for optimizing overall net interest income by evaluating alternative capital market strategies and managing the Bank's investment securities portfolio. Evaluates alternative debt structures offered by the Federal Home Loan Bank to optimize profitability and mitigate risk. Gathers market information, researches investment alternatives, develops and recommends balance sheet strategies. Serves as a member of the Bank's asset & liability management (ALM) team focused on measuring and analyzing interest rate risk exposure in the balance sheet. Major Job Accountabilities Directs and manages activities related to the investment securities portfolio, which includes management of: all purchases and sales of securities permitted by the Investment Securities Policy, as directed by the Asset/Liability Management Committee, compliance with applicable rules and regulations regarding transactions and management of securities, accounting and receipt of applicable security distributions, best execution of portfolio trades, and preparation and reporting of all activities to management. Gathers market information, analyzes security and portfolio risk/profitability, and develops the overall investment portfolio strategy with respect to the balance sheet strategy as determined by the Asset/Liability Management Committee. Oversees the investment accounting of the investment portfolio to ensure securities purchases, sales, interest accruals, accretion and amortization, principal and interest payments are performed in accordance to GAAP and COSO 2013 accounting standards. Collaborates with credit administration to establish underwriting guidelines for securities with credit risk. Ensures compliance with rules and regulations. Supervises the Sr. Liquidity and Funding Officer and establishes a daily cash position target at the Federal Reserve Bank and correspondent bank accounts. Ensures the Bank is optimizing its interest earned on excess cash and meeting its reserve requirements at the Federal Reserve. Responsible for the Bank's liquidity contingency plan and reporting the liquidity position to the Asset/Liability Management Committee. Evaluates alternative debt structures to optimize financial performance and minimize interest rate risk. Prepares and performs ad-hoc "what if" scenarios and analysis for Management to make strategic balance sheet decisions utilizing the Bank's ALM system. Performs complex financial performance ratios to support the decision process. Evaluates alternative derivative strategies as directed by the ALM Management Committee to optimize performance and/or mitigate risk. Calculates the monthly valuation and amortization of the Bank's mortgage servicing right portfolio. Supports compliance monitoring of the Bank's Secondary Marketing activities. To apply please email Company Description OUR VISION We are the bank where everybody is somebody - a place where teammates work together to make banking easy while providing the best customer experience. We Open Our Doors to Everyone - For more than 90 years we have championed the dreams of generations of island residents and businesses. Our strength comes from helping customers succeed and supporting the communities they live in. THE STORY OF KALO Throughout Hawaii's history, kalo (taro) has been a foundation of Hawaiian culture. Carried by the first voyagers to Hawaii, kalo is a sacred plant in Hawaiian culture. Island families gathered around the 'umeke (poi bowl) to celebrate together. Today kalo continues to play an important role in island family life both for sustenance and what it represents in Hawaiian culture - growth and unity. Living in an island state requires that we care for one another, respect each other and work together. Like the kalo roots that are intertwined in lo'i kalo (taro patch), our lives are intertwined in our communities. Kalo reminds us of Hawaii's deep cultural roots, and of American Savings Bank's commitment to the healthy growth of our community and this beautiful place we call home.