James Herrman
Director of Asset Liability Management @United Community
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WORK HISTORY
Director of Asset Liability Management @United Community
Responsible for identification, recommendation, implementation, and execution of various Asset Liability Management and Interest Rate Risk related efforts for the Bank’s balance sheet. These efforts include direction and oversight of key Treasury tools, processes, reporting, and governance for Interest Rate Risk and Treasury Analytics. Duties and Responsibilities• Interest Rate Risk: Identify, measure, monitor, and control interest rate risk in ways that align with internal strategies and objectives. This specifically includes metrics such as earnings at risk (EAR), economic value of equity (EVE), effective durations, repricing and maturity gap analysis, etc. Provide recommendations and supporting information for key stakeholders including senior management, Board of Directors, and supervisory agencies. • Profitable Growth: Identify and effectively communicate risks and opportunities using tools/reporting of key areas of focus such as new/renewed production to promote profitable growth. Provide thought leadership on balance sheet management strategy over multiple forecast horizons and scenarios. Responsible for funds transfer pricing (FTP) assignment, updating market rates, and related discussions throughout the Bank.• Governance: Enhance enterprise-wide governance of interest rate risk efforts through effective use of reporting, tools, and council/committee meetings. Partner with other areas to support sustainable and repeatable processes for key functions including internal forecasting, pricing, capital, and liquidity. Responsible as primary support for audits, reviews, and validations related to key functions or processes under this position’s responsibility.• Leadership and Team Development: Lead and develop team with a focus on continuous improvement of individuals and processes. Serve as chair and/or key stakeholder of various governing councils and committees, with active participation and thought leadership.
EDUCATION
Columbia College
Bachelor's degree, Mathematics
University of Missouri-Kansas City
Master's degree, Finance
ABOUT JAMES HERRMAN
ALM is responsible for supporting Treasury’s Asset Liability Management (ALM) process focusing on Economic Value and NII of the balance sheet and implementing enhancements to the ALM model. The position also supports the Liquidity Stress Testing program. This position is responsible for running and interpreting analyses relative to Liquidity Stress Testing and interest rate risk profile.
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