Asset Liability Analyst II

SchoolsFirst Federal Credit Union; Tustin (CA); On-site; USD 88,000 - 132,000; Full time

Job summary

SchoolsFirst Federal Credit Union is seeking an Asset Liability Analyst II to join our team in California. The role focuses on balance sheet forecasting, NEV, and NII analysis under multiple scenarios, with support for senior management reports and modeling improvements.

The position requires ALM knowledge, strong analytical abilities, and proficiency with Bancware or ZM Desk, MS Office, and SQL. Typical duties include data validation, collaboration with senior analysts, and guiding junior

Qualifications

• High School Diploma or GED required.
• Bachelor’s Degree in related field or equivalent years of experience required.
• 3–5 years of relevant experience.

Responsibilities

• Assist in balance sheet, NEV, and NII forecasts under various scenarios.
• Support reporting for senior management and refine modeling techniques.
• Utilize data management to supply ALM models with necessary data.
• Validate data accuracy and collaborate with analysts to align ALM strategies.
• Provide guidance to entry-level analysts as needed.
• Monitor interest rate risk using ALM software and stress tests.
• Perform scenario simulations to derive market value and duration metrics.

Skills

ALM knowledge

MS Office Suite

SQL coding

Analytical thinking

Communication skills

Education

Bachelor’s Degree in related field or equivalent experience

High School Diploma or GED

Tools

Bancware

ZM Desk

Job description

We're always looking for diverse, talented, service-oriented people to join our exceptional team.

Asset Liability Analyst II

The pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for room for growth and tenure achieved in a role over time. Typical new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their unique set of knowledge, skills, education, and experience as well as internal equity.

Pay Range:

$88,221.00 - $132,331.00

Scheduled Weekly Hours:

40

What You'll Be Doing

Assist in the preparation and analysis of balance sheet, net economic value (NEV), and net interest income (NII) forecasts under various scenarios. Support the processing of results and preparation of detailed reports for senior management. Contribute to the development and refinement of modeling techniques for net interest income and balance sheet projections for capital planning and stress testing. Utilize intermediate data management techniques to obtain, maintain, and develop the data needed for the ALM model. Perform data validation tasks to ensure data accuracy and integrity. Collaborate with senior analysts and other teammembers to ensure alignment of ALM strategies with overall business objectives. Provide guidance and support to entry-level analysts as needed.

• Monitor, analyze, and report interest rate risk exposure using Asset/Liability Management (ALM) software through intermediate scenario analysis and stress testing.
• Verify the accuracy, reasonableness, and consistency of results by providing detailed analysis of key drivers.
• Perform simulations under multiple scenarios to compute market value, effective duration, and other key metrics of interest-bearing accounts and instruments on the balance sheet.
• Update and refine methods and analyses to derive input assumptions for ALM models, such as prepayment speeds, deposit decay rates, and deposit betas.
• Obtain and manage subsystem data for ALM software's monthly processes and assist in data reconciliation.
• Maintain and update ALM model parameters and account attributes.
• Operate the cash flow engine for budget/reforecast processes.
• Perform data mining, analysis, and reporting tasks as assigned.
• Stay current with economic and fixed-income market trends.
• Collaborate with senior analysts and other teammembers to ensure alignment of ALM strategies with overall business objectives.
• Provide guidance and support to entry-level analysts as needed.

Additional Job Functions

• Performs other duties as assigned
• Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions.

Qualifications

• High School Diploma or GED required
• Bachelor’s Degree in a related field or equivalent years of experience required
• 3-5 years of prior relevant experience required

Knowledge, Skills, and Abilities

• Solid understanding of financial principles and asset liability management (ALM) and working knowledge of financial systems such as Bancware or ZM Desk.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and intermediate proficiency in financial modeling and analysis.
• Strong analytical and problem-solving skills as well as effective communication skills, both written and verbal.
• Proficient data management and data mining skills, particularly around SQL coding.

SchoolsFirst FCU is committed to Diverse, Equitable, and Inclusive Hiring

At SchoolsFirst FCU we are dedicated to building and growing a diverse, inclusive, and authentic Dream Team, so if you're excited about a position or wanting to make a career change but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyway. Many skills are transferrable and you may be just the right candidate for the position, or for other roles we are working on.

SchoolsFirst Federal Credit Union is committed to fostering, cultivating, and preserving a culture of diversity and inclusion. SchoolsFirst FCU is an equal opportunity employer and prohibits discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibits discrimination against all individuals based on their race, color, religion, sex, national origin, age, sexual orientation, gender identity or expression, political affiliation, or genetic information.

This organization participates in E-Verify.