Interest Rate Risk Modeling

I'm getting alittle bored in my current role(Commodities analyst) and came across a post for Interest Rate Risk Modeler and wanted to learn more about the position and what it can lead to. I come from a quantitative background and I understand many of the interest rate models out there but does anyone have a clue as to what is the day to day role of a position like this at a private bank...

Position Detail:
-Assist the Director of Interest Rate Risk in the analysis and reporting of current and prospective hedging strategies.
-Maintain the interest rate risk model using bank approved software
-Assist in the development and/or enhancement of sound product behavior and economic assumptions used in the model(s) and develop reports to assist management in better measurement, monitoring and management of the interest rate risk.

Thanks in advance wso...