GMAC Financial Services is a global finance company operating in and servicing North America, South America, Europe and Asia-Pacific. GMAC specializes in automotive finance, real estate finance, insurance, commercial finance and online banking.
ALM Engineers is primarily responsible for the Asset/Liability tools & infrastructure that GMAC uses to manage the interest rate and liquidity profile of the GMAC corporate balance sheet.
The ALM Engineers are responsible for: i) owning & supporting the QRM platform including managing the vendor relationship, ii) building and maintaining a team of subject matter experts who fully understand the most detailed inner workings of the models, inputs and outputs, iii) rolling out the QRM platform to all of the business lines within GMAC, iv) keeping the infrastructure flexible as the organization changes, and v) partnering closely with the business and their technology groups to ensure efficient flow of information that is complete & reconciles to the financial reports.
This role requires an ability to develop deep vertical subject matter expertise on the inner workings of GMAC’s ALM infrastructure, as well as the business systems, and financial positions that serve as inputs. Manager needs to be able to take direction easily & effectively with limited supervision. He/she should be able to visualize material required to allow quick understanding of the interest rate & liquidity profile and then leverage his / her relationships in technology & the business to get what’s required to produce it in QRM.
Time Spent:Major Duties and Responsibilities:
40%Develop and maintain a deep specialist knowledge of QRM and its inner workings.
40%Work with business partners, other groups within BSM & technology to continuously improve the information fed into QRM.
15%Manage own tasks, timelines and deadlines to ensure that ALM tools & infrastructure remain flexible, accurate and enable management of the IR & liquidity profile of GMAC.
5%Prepare & present overview of the infrastructure, as well as the results & analytics, to internal execs, business associates, regulators, auditors, etc.
Experience: Knowledge, Skills and Abilities:
• Previous balance sheet management / asset liability management experience (2 – 3 years)
• Prior experience managing, or implementing QRM (preferred).
• Some fixed income capital markets knowledge & an understanding of modeling & valuations
• Business related college degree or equivalent training, MBA preferred
• Strong analytical and problem solving skills and proficiency with MS Office applications
• High level of oral and written communication skills
• High level of interpersonal skills to work effectively with others
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