Department Overview:

The Financial Steering and ALM Division is responsible for, the following product lines: Profit and Internal Pricing (PIP), Financial Analysis, and Assets and Liabilities Management (ALM) within Crédit Agricole CIB Americas.

The ALM team plays a vital role in fostering effective communication with Local Regulators, such as the Federal Reserve and the Banking Authorities, and ensuring unwavering compliance with US regulatory requirements, thereby ensuring the organization's adherence to legal standards.

ALM is responsible for the monitoring and supervision of financial risks (other than market transactions), within the framework of the guidelines set by the Asset and Liability Committee (ALCO). This relates to a range of risks: global interest-rate risk, exchange-rate risk, and liquidity and funding risk at more than one year. It is also responsible for prudential ratios (solvency ratios applicable to banks), particularly through: Quarterly forecasts of changes in solvency ratios; Tools for measuring ex-post profitability of capital (profitability per customer and employment of capital). It is responsible for ensuring compliance with Enhanced Prudential Standards (EPS) liquidity requirements for FBOs

Job Description

Credit Agricole Corporate and Investment Bank is seeking to fill a US analyst position for its Financial Steering and ALM group in New York. The candidate will hold an undergraduate or graduate degree in business/finance, marketing, economics or engineering. Qualified applicants should have knowledge of credit analysis in commercial and investment banking. An understanding on subject related to ALM, Credit Portfolio Management, Risk Management or Basel regulation is a plus.

The US Analyst’s main responsibilities and tasks consist of:

(1)    Update and Review policy and procedures as needed and periodically

(2)    Preparation of Committees material

(3)    Supports internal control group reviews and regulatory exams

(4)    Preparing material for meetings with the regulators

(5)    Liquidity Risk management framework development in line with regulatory requirements and internal standards

(6)    Liquidity Balance sheet

(7)    Liquidity Stress Testing

(8)    Coordination of Cash flow forecasts with FO and HO

Secondary Responsibilities: 

Support when needed other ALM staff on various topics not limited to:

(9)     Liquidity invoicing management and tool maintenance, including assist front offices on liquidity invoicing rules and costs

(10)Follow-up on internal liquidity invoicing process

(11) Working Capital monitoring and placement

(12) F/X hedges

(13)Interest rate risk monitoring

(14) Medium Long Term liquidity gap management

(15) Commitment of Commitment reports 

(16) Daily monitoring of all limits, alert levels and targets (Funding Dashboard)

#LI-DNI

The position involves coordination and cross-training with other members of the Financial Steering and ALM team (ALM, PIP, and the Financial Analysis team) in NY and worldwide, as well as NY FO, Risk and IT departments.

The successful candidate must have strong written and verbal communication skills with attention to details and have the ability to work independently, though in a team environment. Our entrepreneurial environment favours those that "think out of the box," are creative, and take "ownership" of projects and tasks. The candidate must be data driven to effectively market the management of risks to all stakeholders.

Languages: English, French and Spanish or Portuguese is a plus

Job Duties include but are not limited to:

Support analysis, controls and documentation of ALM-NY perimeter in regard to Cash Flows and Balance Sheet (in terms of asset composition, liquidity and capital ratios), produce Contingency Funding Plan & Liquidity Stress scenarios simulations and forecast with focus on asset composition, interest rate risk (RRT reporting), FX, hedging, liquidity sources, capital consumption, costs, etc. in coordination with Treasurer, Financial Division, IT and Head Office ALM Teams.

Management and Reporting

Direct reporting line to the Head of the ALM and Regional Head of Financial Steering and ALM for the Americas

Key Internal contacts

Financial Steering and ALM Team in the Americas

• Bachelor's degree
• Recent graduate between the dates of August 2023 - October 2024

• Strong verbal and written communication skills
• Proven organization and planning proficiency
• Strong work ethic
• Working knowledge of French is a plus