Division Head, Funds Management, South Bend, IN

1st Source Corporation; South Bend (IN); On-site; USD 120,000 - 180,000; Full time

Job summary

1st Source Corporation seeks a seasoned Funds Management leader to oversee the investment management program of Bank and Corporation, directing prudent investing and liquidity/interest-rate risk management through ALM governance. You’ll chair committees, drive policy development, and coordinate with senior management and external managers.

The role requires extensive asset-liability expertise, strong leadership, and the ability to present complex financial information to the Board and senior

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics or related quantitative field is required.
• MBA/CFA professional certification is preferred.

Responsibilities

• Oversee investment management for Bank and Corp, including fixed income portfolio oversight.
• Develop and maintain investment policies for Bank and Corp and ensure compliance.
• Lead ALM activities including interest rate and liquidity risk measurement and reporting.
• Prepare ALM reports and present to Board of Directors.

Skills

Asset-Liability management

Portfolio management

Leadership

Financial analysis

SQL proficiency

Excel

Presentation skills

Education

Bachelor's degree in Finance/Economics/Math

MBA/CFA preferred

Tools

SQL

MS Excel

Visual Basic

MS Access

Job description

Job Category: Funds Management

Requisition Number: DIVIS004431

• Posted : October 15, 2026
• Full-Time

Locations

Showing 1 location

Description

POSITION SUMMARY

Manages and directs activities of the Funds Management Division within the Corporation (Corp), which includes prudent investment of funds and management of liquidity and interest rate risks through the Asset - Liability function.

ESSENTIAL REQUIREMENTS

Investment Management Responsibilities:

• Manages the investments for Bank and supports any Corp investments as needed.
• Oversees the management of the fixed income investment portfolio.
• Develops and maintains investment policies for Bank, Corp and other relevant investment subsidiaries.
• Ensures all investments in Bank and Corp portfolios are in line with policies and procedures.
• Reports investment activity to the Board of Directors.
• Recommends and formulates, with senior management and 3 party managers, the composition and term structure of the Bank's investment portfolio.
• Manages the identification and analysis of the risks and returns associated with the various components of the investment portfolio and other investments for Bank and Corp.
• Provides projections for the Bank's planning process as needed.
• Strategizes with team members regarding new product development opportunities in taxable and tax-exempt markets.
• Ensures the Bank is sufficiently invested in relevant communities which will help to support the Community Reinvestment Act.
• Chairs the Community Investment Committee and participates in the Community Leadership Committee.
• Supports other investments of Bank and Corp as needed.

Asset-Liability Management (ALM) Responsibilities:

• Manages the overall process for measuring and reporting of interest rate risk and liquidity risk to include net interest income and margin forecasting.
• Chairs the Asset Liability Committee.
• Oversees the use of sophisticated analytical methods.
• Provides oversight of model benchmarking and back-testing of key model assumptions.
• Manages the preparation and analysis of ALM reports based on modeling results which could include coordination with 3 party consultants.
• Ensures completion of timely and quality analysis of behavior assumptions associated with non-maturity instruments, loan prepayments, and other financial instruments.
• Provides support for the Bank's planning process.
• Analyzes the liability structure of the Bank; review and forecast the flow of funds into and out of the Bank.
• Provides support to the Enterprise Risk Management (ERM) process.
• Develops clear and effective presentations of highly technical material.
• Explores and develops new techniques which could open new sources of funds or provide for existing funds at lower costs.
• Evaluates, in conjunction with senior management, the short- and long-term funding needs of the Bank including the required reserve position at the Federal Reserve.
• Reports ALM summary to the Board of Directors.
• Supports other functions related to liquidity and interest rate risks for Bank and Corp as needed.

Overall Responsibilities:

• Leads, manages, and supervises professionals and exercises the usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, and terminations.
• Ability to think strategically as it relates to the role and development of the Funds Management function.
• Advises management of current trends in national and international economic and monetary policy.
• Serves on the Senior Management Committee and helps develop longer term strategic plans for Bank and Corp.
• Completes all compliance training related to the position.
• Serves on other committees as needed.
• Ensures compliance with all bank policies and procedures, as well as, all applicable state and federal laws and regulations that apply to the position.

NON-ESSENTIAL FUNCTIONS

Performs all other duties as assigned.

EXPERIENCE/SKILLS

• Minimum often (10) years Asset - Liability experience with financial institutions preferred.
• Minimum of five (5) years of Bank Investment Portfolio Management experience preferred.
• Minimum of five (5) years of management experience preferred.
• Strong working knowledge of the banking industry as it pertains to profitability, various core product lines, fixed income and asset liability management.
• Previous market experience - Investment decision, portfolio strategy development, top-down fundamental / macro-economic analysis and trade execution.
• Strong proficiency in database management and Structured Query Language (SQL), asset/liability systems, Bank general ledger packages along with spreadsheets and windows based operating systems.
• Setting and modeling high performance standards and motivating a team to achieve agreed-upon outcomes.
• Strong technical skills in finance and economics, portfolio management as well as asset / liability management. Ability to analyze information for interpretation and recommendations.
• Taking the initiative to get the job done in an effective and efficient manner as well as directing change and developing new methodologies in new areas.
• Ability to manage multiple tasks on a concurrent basis.
• Ability to effectively provide presentations; written, visual and verbal to all levels of management and external entities (regulators, auditors, and examiners).
• Strong PC skills, including Microsoft Excel, Visual Basic, and Access.
• Strong attention to detail and high degree of accuracy.

EDUCATION

Bachelor's degree required; in Finance, Economic, Mathematics or other quantitative discipline preferred, MBA/CFA professional certification preferred

TRAVEL REQUIREMENTS

Ability to travel to all locations as well as ability to travel over night, as needed for meetings, projects, seminars, etc.
PHYSICAL REQUIREMENTS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.

While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.

EQUIPMENT

MS Office PC, fax, phone and standard office equipment.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.