FVP, ALM Manager

Cathay Bank•El Monte, CA

About The Position

The FVP, ALM Manager is the Bank’s senior leader responsible for asset-liability strategy, interest rate risk oversight, and balance sheet analytics. Reporting directly to the Treasurer, this role leads the ALM team, manages the Bank’s ALM modeling platform, and develops analytical frameworks to support strategic decision-making. The position helps optimize balance sheet performance, ensure regulatory compliance, and support long-term financial planning across the organization. The role oversees ALM modeling, forecasting, risk measurement, deposit analytics, stress testing, investment and funding strategies, model governance, reporting, and related systems and data improvements. It also partners with the Treasurer and FP&A, serves as the primary liaison with Model Risk Management, and leads, mentors, and develops ALM staff.

Requirements

Bachelor’s degree in Finance, Economics, Accounting, or a related field.
7–10 years of experience in ALM, Treasury, liquidity management, or related financial risk disciplines.
Prior leadership or team management experience.
Deep understanding of asset-liability management principles, interest rate risk measurement, and balance sheet analytics.
Strong analytical, quantitative, and financial modeling skills.
Familiarity with regulatory expectations related to interest rate risk, liquidity risk, and model governance.
Ability to communicate complex financial concepts clearly and effectively to senior executives, committees, and cross-functional partners.

Nice To Haves

Advanced degree or professional certification such as CFA, FRM, or similar.

Responsibilities

Oversee the Bank’s ALM framework, including modeling, forecasting, and analysis of balance sheet behavior and performance.
Evaluate interest rate risk exposures using the Empyrean ALM model and other industry-standard tools, and recommend ways to optimize balance sheet structure, earnings stability, liquidity positioning, and capital efficiency.
Lead interest rate risk measurement, including EVE, NII simulations, scenario analysis, and sensitivity testing; assess market-rate impacts on earnings and capital.
Manage the Empyrean ALM model, behavioral assumptions, data integrity, documentation, back-testing, and model governance to meet regulatory and internal standards.
Prepare and present ALM results, trends, and strategic insights to senior leadership, ALCO, and other governance committees.
Lead deposit analytics and behavioral modeling, including deposit beta, decay-rate, and customer-behavior analysis; support product pricing and deposit strategy.
Provide ALM inputs into capital planning, including CCAR-style stress testing, capital allocation decisions, and dividend planning.
Develop multi-scenario stress-testing frameworks beyond interest rate risk, including liquidity, earnings, and capital, and support enterprise-wide stress-testing initiatives.
Partner with the Treasurer on funding mix optimization, investment strategy, hedging programs, and strategic balance sheet initiatives such as loan portfolio reshaping.
Analyze the investment portfolio and reinvestment strategies to support risk-adjusted returns and balance sheet positioning.
Serve as the primary liaison with Model Risk Management for model validations and regulatory examinations.
Oversee data quality feeding the ALM model and lead enhancements to ALM systems, data pipelines, and reporting automation.
Prepare ALCO materials, regulatory reports, and internal management reporting packages related to interest rate risk, liquidity, and balance sheet performance.
Partner with FP&A on balance sheet forecasting, capital planning, and funds transfer pricing (FTP).
Lead, mentor, and develop ALM staff by setting goals, managing performance, and providing ongoing training and support.