ALM Strategy Leader - Balance Sheet Optimization

Bank of China Limited Singapore Branch; Singapore; On-site; SGD 180,000 - 260,000; Full time

Job description

Deputy Head/Senior Manager/VP, Financial Management Department (ALM)

The candidate will be a key contributor to the bank's financial stability and profitability, driving strategic initiatives across the balance sheet. This individual will report regularly to the ALCO and work closely with the Treasury Department and other key stakeholders.

Key responsibilities:

• Strategic Planning & Strategy Formulation

Enhance ALM Function: Continuously review, refine, and enhance the overall ALM framework, models, policies, and processes to enhance risk management and capital efficiency, aligned with MAS regulations.

Assets Mix Strategy: Formulate and recommend strategies for optimizing the bank's balance sheet mix (e.g., loans, investments) to optimize returns while maintaining a prudent risk profile.

Funding & Liquidity Strategy: Develop and execute robust funding and liquidity strategies to ensure adequate, cost-effective, and diversified funding sources and compliance with all internal and regulatory liquidity requirements (e.g., LCR, NSFR).

Net Interest Margin (NIM) Enhancement: Drive initiatives and strategies focused on improving the bank's Net Interest Margin (NIM) through active management of interest rate risk, FTP and pricing strategy, and balance sheet structure.

Funds Transfer Pricing (FTP): Oversee and ensure the integrity and effectiveness of the Funds Transfer Pricing (FTP) framework, aligning it with strategic and risk objectives.

Interest Rate Risk in the Banking Book (IRRBB): Monitor the bank's exposure to IRRBB (e.g., gap analysis, duration analysis, EVE/NII sensitivity) and propose balance sheet restructuring actions as needed.

Balance Sheet Optimization: Conduct deep-dive analysis on balance sheet structure, profitability, and risk drivers to provide actionable insights and recommendations for optimization.

• Governance & Stakeholder Engagement

ALCO Support: Present comprehensive, data-driven strategic recommendations, analysis, and reports to the Assets and Liabilities Committee (ALCO) on a regular basis.

Treasury Collaboration: Work in close partnership with the Treasury Department to align ALM strategies with banking book activities and support the execution of funding and liquidity plans.

Regulatory Compliance: Ensure all ALM activities and frameworks comply with Singapore's regulatory requirements (MAS), IFRS/accounting standards, and internal risk policies.

Required Qualifications & Experience:

Professional Experience

- Minimum of 8-10 years of progressive experience in Assets and Liabilities Management (ALM), Balance Sheet Management, or a highly relevant function within a full-license commercial bank or major financial institution.

- Proven experience working within the Singapore banking regulatory environment (MAS) preferred

- Demonstrated track record of formulating and successfully executing strategic initiatives related to assets mix, funding/liquidity, FTP, and NIM enhancement.

- Experience with advanced ALM systems and financial modeling tools.

Technical & Analytical Skills

- Deep expertise in balance sheet risk management, including IRRBB (specifically NII and EVE) and liquidity risk management.

- Strong foundational knowledge of Funds Transfer Pricing (FTP) methodology, implementation, and its strategic application.

- Analytical and quantitative skills, with the ability to interpret complex financial data and translate it into clear, strategic recommendations.

Education & Certifications

-Bachelor's or Master's degree in Finance, Economics, Financial Engineering, Accounting, or a related quantitative field.

-Professional certifications such as CFA, FRM, or relevant master's-level qualification are highly desirable.

- Excellent presentation and communication skills, with the ability to articulate complex financial concepts clearly and persuasively to senior management and ALCO members.

- Ability to work collaboratively across functions (Treasury, Risk, Business Units)

- High level of ownership, attention to detail, and a proactive, problem-solving mindset.