Director, Asset Liability Modeling (ALM)

Webster Bank; Hamilton; On-site; GBP 111,000 - 126,000; Full time

Job summary

A leading commercial bank in Hamilton, UK, seeks a Director of ALM to enhance Asset Liability Modeling processes. The role requires at least 7 years of experience in financial services with a focus on data analytics, database management, and expertise in ALM concepts. The successful candidate will mentor ALM Analysts, improve ALCO package distribution, and collaborate across teams to develop analytical tools. The position offers a salary range of $150,000 to $170,000 plus incentives.

Qualifications

• At least 7 years' total experience, preferably in financial services.
• Five years of data analytics work experience including database management.
• Knowledge of bank products and ALM concepts.

Responsibilities

• Enhance production and maintenance of monthly Asset Liability Modeling.
• Improve distribution of the Bank's ALCO package.
• Mentor ALM Analysts in advanced techniques.
• Provide analytics expertise related to the ALM model.
• Partner with treasury for forecasting via ALM model.
• Liaise across various teams to develop analysis tools.
• Manage ALM model reporting process.

Skills

Data analytics

Database management

Communication

Project coordination

Financial products knowledge

Advanced proficiency in SQL

Education

BA or BS in Business or Finance

Tools

Excel

Power BI

Access

Python

R

SQL

Job description

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

The Director, ALM will enhance the monthly production and maintenance of the Bank’s Asset Liability Modeling including, but not limited to, Net Interest Income and Economic Value of Equity simulations; Alternative run scenarios such as : yield curve movements, basis risk, and assumption sensitivity.

Responsibilities

• Be an integral part of the Bank’s Asset Liability Modeling including, but not limited to, Net Interest Income and Economic Value of Equity simulations; Alternative run scenarios such as : yield curve movements, basis risk, and assumption sensitivity.
• Improve the monthly production and distribution of the Bank’s ALCO package.
• Work with team members, mentor, and develop ALM Analysts in advanced techniques.
• Provide subject matter expertise by designing and developing business information, analytics, and models related to the Asset Liability Management (ALM) model and deposit analytics.
• Partner with the treasury team to incorporate balance sheet and model assumptions for forecasting via the ALM model.
• Liaise with employees from finance, treasury, accounting, business, operations, and data teams to develop tools, methods, assumptions, analysis to support the ALM model.
• Manage the reporting process related to ALM models for use at various committees.

Experience

• BA or BS degree in Business or Finance preferred.
• At least 7 years' of total experience is required. Experience in financial services is preferred.
• Five (5) years of data analytics work experience including database management.
• Knowledge of bank products and ALM concepts.
• Working knowledge of financial systems used in Finance and Treasury group is a must.
• Advanced proficiency with standard analysis tools, data aggregation tools, database, and programming languages (Excel / Power BI / Access / SQL / Python / R).
• Coordinating multiple projects simultaneously.

Salary

The estimated salary range for this position is $150,000USD to $170,000USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

Equal Opportunity Employer

Webster Financial Corporation and its subsidiaries (“Webster”) are equal opportunity employers that are committed to sustaining an inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and / or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law.