Principal Consultant – Bank ALM

Strata Decision Technology•Chicago, IL

8h•$160,000 - $180,000•Hybrid

About The Position

As a member of the Financial Institutions business unit, the Principal Consultant – Bank ALM serves as a trusted advisor to bank executives and boards of directors. The role helps clients navigate complex balance sheet, asset/liability management (ALM), interest rate risk, liquidity, and strategic planning decisions. The consultant works with CEOs, CFOs, treasury leaders, risk officers, executive management teams, and boards to translate financial and balance sheet dynamics into business insights and actionable strategies. Success requires technical expertise, strategic thinking, executive presence, relationship management, and the ability to analyze model assumptions and present recommendations to senior decision-makers. The team operates in a hybrid work environment, with a minimum expectation of two days per week in the office. Strong preference is given to candidates in the Phoenix metropolitan area or those committed to relocating; candidates in the Chicago area may also be considered. The role requires approximately 15–30% travel as client needs require. The estimated base salary range is $160,000–$180,000, with discretionary variable pay programs and a comprehensive benefits package.

Requirements

10+ years of progressive experience within the banking industry.
Significant experience in asset/liability management, interest rate risk management, treasury, balance sheet strategy, financial management, or related banking disciplines.
Experience working with community and regional banks; institutions under $50 billion in assets are preferred.
Demonstrated ability to communicate effectively with executive management teams, ALCO committees, and boards of directors.
Strong understanding of ALM methodologies, interest rate risk measurement, balance sheet management, and strategic financial decision-making.
Experience interpreting and communicating the strategic implications of quantitative financial analyses.
Strong written and verbal communication skills, including the ability to explain complex concepts to financial and non-financial audiences.
Advanced Microsoft Excel skills and comfort working with financial models and analytical tools.
Ability to manage multiple projects and priorities while maintaining high standards of quality and client service.
Willingness to travel approximately 15–30% as client needs require.

Nice To Haves

CFA designation.
Previous consulting experience.
Significant experience advising executive management teams, boards, or ALCO committees within banking organizations.
Location in the Phoenix metropolitan area, or commitment to relocating there; candidates in the Chicago area may also be considered.

Responsibilities

Advise bank management teams and boards of directors on balance sheet strategy, ALM, liquidity, and interest rate risk management.
Lead client discussions connecting financial performance, risk exposures, and strategic objectives.
Facilitate board- and executive-level presentations explaining financial analyses and strategic alternatives.
Perform and review complex ALM analyses, interest rate risk assessments, and related balance sheet evaluations.
Lead client discussions on developing reasonable, supportable, and actionable planning assumptions and models.
Assist clients with strategic decisions involving growth, funding, investments, liquidity, pricing, capital management, and balance sheet optimization.
Support clients preparing for and responding to regulatory and examination-related questions concerning ALM, interest rate risk, and balance sheet management.
Deliver high-quality consulting engagements while managing multiple priorities and client relationships.
Collaborate with internal team members to improve methodologies, analytical approaches, and client deliverables.
Represent the firm's brand through exceptional client service, professionalism, and expertise, strengthening long-term relationships and contributing to future business opportunities.