ALM Analyst (Asset Liability Analyst)
About The Position
The Asset Liability Management (ALM) Analyst supports the Credit Union's asset/liability management, liquidity risk management, and capital planning functions through financial analysis, forecasting, and reporting. Working under the guidance of senior teammembers, the analyst assists in the development and maintenance of balance sheet, net interest income (NII), net economic value (NEV), and liquidity forecasts used to assess the impact of changing economic conditions on the Credit Union's financial position. This role is responsible for gathering and validating data, supporting risk analyses, preparing management reporting, and collaborating with teammembers to provide meaningful insights that support balance sheet management and strategic decision-making while building expertise in asset/liability management and financial risk management practices.
Requirements
- High School Diploma or GED required
- Bachelor's Degree in a related field or equivalent years of experience required
- 1-3 years of prior relevant experience required
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
- Strong analytical and problem-solving abilities, effective communication skills, and willingness to learn and adapt to new financial systems
- Familiarity with data mining and data management concepts, with the ability to write and maintain basic SQL and Snowflake queries
Nice To Haves
- Knowledge of the following financial systems preferred: FIS BancWare, Empyrean and/or Moody’s ZM desk or Online ALM
- Basic understanding of financial principles and asset liability management (ALM)
Responsibilities
- Assists in monitoring and reporting interest rate risk and liquidity risk exposure using Asset/Liability Management ("ALM") software under established scenarios and assumptions.
- Reviews reports and performs analysis to help identify key drivers and support the validation of results.
- Assists with running simulations and generating reports on balance sheet and various interest rate risk metrics.
- Supports the maintenance of input assumptions used in ALM models, including prepayment speeds, deposit decay rates, and deposit betas.
- Obtains, organizes and maintains data used in the ALM software’s monthly processes and assist with data reconciliation.
- Maintains ALM model account attributes and other model inputs under established procedures.
- Supports budget and forecast processes by assisting with cash flow model execution and report preparation.
- Works closely with teammembers to support ALM analyses, reporting requirements and departmental objectives.
- Assists in the monitoring and analysis of liquidity positions, funding sources, and cash flow trends to support the Credit Union's liquidity risk management framework.
- Supports the preparation of liquidity forecasts, stress-testing analyses, and management reports used to evaluate funding adequacy under a range of operating and economic scenarios.
- Demonstrates a basic understanding of economic conditions, interest rate movements and their impact on financial institution balance sheets and profitability.
- Performs routine data mining, analysis, and reporting assignments as assigned.
- Performs other duties as assigned
- Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
