Senior ALM Analyst

Cambridge Savings Bank•Waltham, MA

7d•$110,900 - $147,900•Hybrid

About The Position

The Senior Asset/Liability Management (ALM) Analyst supports Cambridge Savings Bank’s Corporate Treasury function, with a focus on the Bank’s net interest income (NII) model and the processes that support it. The role produces monthly NII forecasts and risk simulations, develops and validates model assumptions, and contributes to interest-rate risk, liquidity, investment, derivative, funding, and balance-sheet management activities. The analyst also develops and maintains a loan and client relationship pricing tool; works with FP&A on budgeting, funds transfer pricing, and profitability analysis; performs ALCO-related analyses; and helps manage Treasury processes and reviews. The position is hybrid in Waltham, Massachusetts. The salary range is $110,900–$147,900 annually. Cambridge Savings Bank offers full-time employees comprehensive benefits, including healthcare, parental planning, mental health benefits, performance bonus opportunities, a 401(k) plan and match, and flexible time off.

Requirements

At least 5 years of banking experience.
At least 2 years of strong working experience and knowledge of bank treasury management and/or bank asset/liability software and systems.
Experience with NII forecasting, profitability analysis, interest rate risk management, and/or interest rate swap strategies within an ALM or Treasury function.
Advanced proficiency in Microsoft suite and Bloomberg terminal.
Strong analytical and communication skills.
Ability to work independently with minimal supervision.
Effective time-management skills and comfort meeting strict deadlines.

Nice To Haves

Bachelor of Science degree preferred, preferably in finance or economics.
Advanced degree is a plus.
Experience with Empyrean software preferred.

Responsibilities

Produce monthly net interest income (NII) forecasts and risk simulations using Empyrean software.
Develop and validate assumptions used in the NII model, including prepayment speeds and deposit betas.
Support the facilitation of interest rate swap transactions for lending relationships or ALM objectives.
Contribute to Treasury activities related to liquidity, investments, derivatives, and other balance-sheet management initiatives.
Develop and maintain a loan and client relationship pricing tool.
Collaborate with FP&A on budgeting, funds transfer pricing (FTP), and profitability analyses.
Support day-to-day processes related to the Bank’s funding and liquidity needs, including executing and monitoring wholesale funding transactions and maintaining contingent funding sources.
Perform and manage ALCO-related analyses.
Work with the Treasury department to facilitate internal and external reviews and audits for the Treasury group.
Establish and maintain effective working relationships with Bank senior managers and other employees.
Contribute to the effective team management of Bank initiatives, issues, and opportunities.
Perform additional duties as required.