Treasury Analyst I

Eastern Bank•Wakefield, MA

3h•$25 - $39•Hybrid

About The Position

We are seeking an entry-level Treasury Analyst to join our Asset Liability Management (ALM) team. The Analyst will support the team’s interest rate risk measurement and management functions, gaining exposure to ALM modeling, capital analysis, and the Bank’s broader finance operations. This is an excellent opportunity for a recent graduate with a strong interest in bank finance and financial modeling to grow within a collaborative, high-performing team. This hybrid position has opportunity to work at either our corporate headquarters in Boston’s financial district or our Finance & Operations center in Wakefield.

Requirements

Bachelor’s degree, preferably in Finance, Economics, or Accounting
0-2 years of relevant experience
Foundational understanding of finance, accounting, and financial markets; coursework or internship experience in a related field preferred
Basic familiarity with fixed income, financial markets, and/or banking concepts; interest in developing deeper expertise in ALM and interest rate risk
Proficiency in Microsoft Excel; familiarity with Power BI or PowerQuery a plus
Comfort and proficiency using AI tools (e.g. ChatGPT, Claude, Copilot) to enhance research, analysis, and productivity; ability to apply AI thoughtfully in a professional context
Excellent oral and written communication skills
Strong attention to detail and strong quantitative skills
Self-motivated and the ability to work independently as well as on a team

Nice To Haves

Familiarity with Power BI or PowerQuery

Responsibilities

Support the ALM team in running monthly interest rate risk simulations, including net income at risk and economic value at risk analysis under various rate scenarios. Develop familiarity with parallel and non-parallel yield curve shift modeling over time.
Assist with ALM assumption development, model documentation, and model maintenance and enhancement initiatives under the guidance of senior team members.
Support comprehensive model back-testing and performance monitoring activities to help enhance model accuracy and effectiveness.
Support the production of regular and ad hoc reporting and analysis for the Bank’s ALCO process, including topics such as balance sheet dynamics, net interest margin trends, and ALM risks.
Support the Funds Transfer Pricing (FTP) framework, including assumption development, documentation, and ongoing model maintenance, under the direction of senior team members.