Asset Liability Manager

ECLARO; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

A leading financial institution is seeking a Director of Asset Liability Modeling to enhance the bank's capabilities in Net Interest Income and Economic Value of Equity simulations. Candidates should have extensive experience in data analytics, a strong background in financial services, and advanced proficiency with analytical tools and programming languages, ensuring effective management of ALM processes.

Qualifications

• At least 7 years of total experience is required.
• Five years of data analytics work experience, including database management.
• Knowledge of bank products and ALM concepts.

Responsibilities

• Enhance the monthly production of the Bank's Asset Liability Modeling.
• Mentor and develop ALM Analysts in advanced techniques.
• Liaise with finance, treasury, accounting, and data teams.

Skills

Data analytics

Database management

Advanced proficiency in Excel

Python

SQL

Education

BA or BS degree in Business or Finance

Tools

Power BI

Access

Job description

Director, Asset Liability Modeling (ALM)

Locations : NY 360 Lexington Ave

NY WP Hamilton

Our client, a premier financial institution, is seeking a Director, Asset Liability Modeling. We also have an opening for a VP, Asset Liability Modeling.

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 :

1. 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.
2. Improve the monthly production and distribution of the Bank's ALCO package.
3. Work with team members, mentor, and develop ALM Analysts in advanced techniques.
4. Provide subject matter expertise by designing and developing business information, analytics, and models related to the Asset Liability Management (ALM) model and deposit analytics.
5. Partner with the treasury team to incorporate balance sheet and model assumptions for forecasting via the ALM model.
6. Liaise with employees from finance, treasury, accounting, business, operations, and data teams to develop tools, methods, and assumptions to support the ALM model.
7. Manage the reporting process related to ALM models for use at various committees.

Experience :

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