Director Asset Liability
About The Position
Develops and executes the enterprise ALM strategy, including interest rate risk (IRRBB) management and balance sheet optimization. Leads the development, review, and maintenance of ALM/IRRBB and liquidity risk governance, including policies, procedures, limits, controls, and management reporting. Oversees ALM modeling and analytics for net interest income (NII) and net interest margin forecasting, economic value of equity (EVE) analysis, and scenario and sensitivity analysis across multiple interest-rate environments. Partners with Finance, Risk, Treasury, and business leaders to align ALM strategy with financial plans, product pricing, deposit strategy, and broader balance sheet objectives. Presents ALM strategy, risk metrics, and recommendations to the Asset Liability Committee (ALCO) and senior management; serves as a subject matter expert on IRRBB, liquidity, and balance sheet dynamics. Establishes and governs key ALM model assumptions and methodologies (e.g., deposit behaviors, decay, betas, loan prepayment, optionality), including periodic back-testing and performance monitoring. Leads stress testing and contingency analytics related to interest rate and liquidity risk, including early warning indicators, limit monitoring, and escalation protocols. Provides decision support for hedging and balance sheet positioning, including evaluation of alternatives, effectiveness considerations, and coordination with Finance/Accounting as applicable. Oversees model risk management activities for ALM tools and processes, including documentation, validation support, issue remediation, and audit/exam readiness. Coaches, mentors, and develops team members; sets performance expectations and fosters a culture of risk ownership, continuous improvement, and strong controls.
Requirements
- Bachelor’s Degree or advanced degree or significant relevant experience in Accounting, Business Administration, Finance, Economics, or related field (Required)
- 10+ years progressive experience in ALM or related treasury functions. (required)
- 5+ years, leadership experience managing teams and strategic initiatives. (required)
- Expertise in interest rate risk modeling and strong working knowledge of the different areas of Corporate Treasury.
- Advanced understanding of ALM frameworks, balance sheet optimization strategies, and macroeconomic analysis.
- Strong analytical skills with experience in scenario analysis, stress testing, and financial modeling, including statistical concepts.
- Proficiency with ALM analytics platforms and financial systems (e.g., Empyrean, QRM, BancWare, Bloomberg).
- Experience with accounting, including GAAP and regulatory reporting.
- Familiarity with data visualization tools (e.g., Power BI, Tableau, SAP).
- Skilled in policy development, governance, and control frameworks for treasury and ALM functions.
- Ability to solve complex, companywide problems using creativity, innovation, and diplomacy.
- Ability to manage vendor relationships and evaluate external ALM managers or service providers.
- Strong leadership and team development capabilities.
- Excellent written and verbal communication skills, including presenting to senior executives.
- Proven ability to collaborate across departments including Finance, Risk, Accounting, and Retail and Commercial Banking teams.
Nice To Haves
- MBA, CFA or similar designation (preferred)
- Chartered Financial Analyst (CFA) or similar designation. (preferred)
Responsibilities
- Leads the Bank’s Asset Liability Management (ALM) functions, ensuring optimal balance sheet structure and performance.
- Oversees the Bank's interest rate risk in alignment with corporate objectives, risk appetite, and regulatory requirements.
- Provides strategic direction, policy oversight, and leadership to the ALM team.
- Leads enterprise balance sheet strategy by partnering across Treasury, Finance, Risk, and business lines to optimize net interest income and economic value outcomes across multiple interest-rate and liquidity environments.
- Establishes and maintains governance for ALM models, key behavioral assumptions (e.g., deposit betas, prepayments), stress testing, and management reporting to support timely decision-making.
- Serves as a key advisor to the Treasurer and ALCO on interest rate risk in the banking book (IRRBB), liquidity positioning, funding strategy, and capital considerations, and supports regulatory examinations and internal/external audit activities.
Benefits
- comprehensive healthcare coverage (medical, dental, and vision plans)
- a 401(k)-retirement savings plan with employer match for qualifying associate contributions
- an employee assistance program
- life insurance
- disability insurance
- tuition assistance
- mental health resources
- identity theft protection
- legal support
- auto and home insurance
- pet insurance
- access to an online discount marketplace
- paid vacation, sick days, volunteer days, and holidays
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What This Job Offers
Job Type
Full-time
Career Level
Director
