Intern - Finance - Asset Liability

First Horizon National Corp. Birmingham , AL 35202

Posted 2 months ago

This Internship will provide:

  • Knowledge of the company's First Power culture, vision and mission statements

  • A broader perspective on how First Horizon services the community and region as a whole.

  • The opportunity to participate in and/or lead the completion of assigned, short-term projects requested by managers

  • The opportunity to acquire specific skills that are needed to achieve professional goals and aspirations.

  • Hands-on work experience in the field

Our Internship program is a 9 week PAID program that starts on Monday, June 7, 2021 and runs through Friday, August 6, 2021.

Intern Objective:

The goal of the internship is for the intern to learn to manage the interest rate and liquidity risk of the Corporation's balance sheet. The analysis created is used by the Bank's management to add support for strategic business decisions.

The intern will work closely with the Corporate Treasury team to provide assistance with routine Asset Liability Management responsibilities and process improvement projects.

Value for the Intern:

  • The intern will gain a solid understanding of the ALM function, which is a key function within FHN Treasury and Finance and whose mandate is a priority to the organization.

  • The intern will have the opportunity to be a key contributor and gain analytical expertise in NII/NIM as well as exposure to balance sheet management and strategies, interest rate risk metrics, liquidity, capital and transfer pricing

  • The intern will gain a broad understanding of treasury and asset and liability management issues through a combination of exposure to recurring activities and participation in meaningful and impactful projects

  • The intern will have a chance to sharpen analytical and communication skills as many of the projects involved require solutions to unique problems or issues and a high level of exposure to senior management

  • The intern will receive firsthand experience in Corporate Treasury, specifically ALM within a financial institution.

  • The intern will gain real world experience working day-to-day in a Corporate Treasury team while expanding upon core concepts learned through college course material.

Job Description:

The intern will be responsible for providing analytical support for the Bank's asset and liability management functions to measure and analyze interest rate risks, such as net interest income (NII), economic value of equity (EVE), balance sheet gaps, sensitivity analysis, and stress testing analysis, etc. The candidate will also assist in liquidity pricing as well as funds transfer pricing across the Company.

The financial intern will achieve these objectives by assisting the internship supervisors in various routine and process improvement projects. The process improvement projects will be expected to be complete before the completion of the 9-week internship program.

The intern will also:

  • Complete monthly analysis and reporting of the Bank's balance sheet interest rate risk position to senior management, providing a clear explanation of key drivers for changes in risk profile to meet internal and external regulatory guidance.

  • Partner with business lines and Treasury team members to incorporate balance sheet and model assumptions for forecasting the Bank's balance sheet through a sophisticated model known as Empyrean.

  • Assist Asset Liability Management (ALM) team to develop ALM strategies by preparing, analyzing and reporting various scenarios modeled in Empyrean to support the management of interest rate risk management sensitivity analysis.

  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.

  • Assist in retrieving current market rates via Bloomberg Terminal

  • Assist in deposit data mining

  • Conduct variance analysis and identify key drivers

  • Assist in the creation and review of business presentations

  • Assist in the generation of monthly inputs into Asset Liability model

  • Complete other related duties as assigned.

Qualifications:

  • Demonstrated ability to use all Microsoft Office applications (Outlook, Access, Word and Excel). SQL and SAS preferred but not required.

  • Good organizational skills, detail oriented, and ability to prioritize tasks

  • Strong written/verbal communication skills and must be comfortable communicating with customers and all levels of management

  • Ability to work independently and as part of a team on simultaneous projects or initiatives.

  • Must be a proficient multi-tasker and comfortable taking direction from multiple people

  • Good analysis, research, and problem-solving skills

  • Experience with general office administrative and clerical tasks

Monday

  • Friday 8:00 a.m.

  • 5:00 p.m.

Average 40 hours per week.

NOTE: A 2.75 GPA or higher is required

This internship program will be a hybrid of remote and in-office work. Candidate must reside in/near the Birmingham vicinity during dates of internship. Candidate must have ability to report to office at 2000 International Bldg., Birmingham, AL 35243

. All work areas are sufficiently spaced and can accommodate an intern while maintaining safety Covid19 protocols.

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Intern - Finance - Asset Liability

First Horizon National Corp.