FVP, ALM Manager

Cathay Bank; El Monte (CA); On-site; USD 175,000 - 198,900; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

Life insurance

Long-term disability

FSA/HSA with company contributions

401(k)

Job summary

Cathay Bank seeks an experienced ALM Manager to lead asset liability strategy, risk oversight, and balance sheet analytics. This senior role reports to the Treasurer and drives ALM modeling, framework development, and governance across the organization.

You will manage deposit analytics, stress testing, and capital planning inputs while coordinating with senior leadership and governance committees. Leadership and regulatory expertise are essential.

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, or related field required.
• 7–10 years of ALM, Treasury, liquidity management experience; leadership required.
• CFA/FRM or similar certification preferred.
• Experience with regulatory expectations related to IRR, liquidity risk, and model governance.

Responsibilities

• Oversee ALM framework, including modeling, forecasting, and analysis of balance sheet behavior.
• Evaluate interest rate risk exposures and optimize balance sheet structure and earnings stability.
• Lead interest rate risk measurement activities: EVE, NII simulations, scenario analysis, sensitivity testing.
• Manage Empyrean ALM model, data integrity, documentation, back-testing, and governance.
• Prepare ALM results, trends, and strategic insights for leadership and governance committees.
• Lead deposit analytics and behavioral modeling; support product pricing and deposit strategy.
• Provide ALM inputs into capital planning, CCAR-style stress testing, and dividend decisions.
• Develop multi-scenario stress testing frameworks and enterprise-wide stress testing initiatives.
• Mentor ALM staff and develop team capabilities.

Skills

ALM Principles

Interest Rate Risk

Balance Sheet Analytics

Regulatory Awareness

Executive Communication

Education

Bachelor's degree in Finance/Economics/Accounting

Advanced degree or CFA/FRM preferred

Job description

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals.

General Summary

The FVP, ALM Manager serves as the Bank’s senior leader responsible for asset liability strategy, interest rate risk oversight, and balance sheet analytics. Reporting directly to the Treasurer, this role leads the ALM team, manages Cathay Bank’s ALM modeling platform, and develops analytical frameworks that support strategic decision‑making. The position has a critical role in optimizing balance sheet performance, ensuring regulatory compliance, and supporting long‑term financial planning across the organization.

Essential Functions

• Oversee the Bank’s ALM framework, including modeling, forecasting, and analysis of balance sheet behavior and performance.
• Evaluate interest rate risk exposures using the Empyrean ALM model and other industry‑standard tools, and provide strategic recommendations to optimize balance sheet structure, earnings stability, liquidity positioning, and capital efficiency.
• Lead interest rate risk measurement activities, including EVE, NII simulations, scenario analysis, and sensitivity testing, and assess the impact of market rate movements on earnings and capital.
• Manage the Empyrean ALM model, behavioral assumptions, data integrity, documentation, back‑testing, and model governance to meet regulatory and internal standards.
• Prepare and present ALM results, trends, and strategic insights to senior leadership, ALCO, and other governance committees.
• Lead deposit analytics and behavioral modeling, including analysis of deposit betas, decay rates, and customer behavior, and support product pricing and deposit strategy.
• Provide ALM inputs into capital planning, including CCAR‑style stress testing, capital allocation decisions, and dividend planning.
• Develop multi‑scenario stress testing frameworks beyond IRR (e.g., liquidity, earnings, capital) and support enterprise‑wide stress testing initiatives.
• Partner with the Treasurer on funding mix optimization, investment strategy, hedging programs, and strategic balance sheet initiatives such as loan portfolio reshaping.
• Analyze the investment portfolio and reinvestment strategies to support risk‑adjusted returns and balance sheet positioning.
• Serve as the primary liaison with Model Risk Management for model validations and regulatory examinations.
• Oversee data quality feeding the ALM model and lead enhancements to ALM systems, data pipelines, and reporting automation.
• Prepare ALCO materials, regulatory reports, and internal management reporting packages related to interest rate risk, liquidity, and balance sheet performance.
• Partner with FP&A on balance sheet forecasting, capital planning, and funds transfer pricing (FTP).
• Lead, mentor, and develop ALM staff by setting goals, managing performance, and providing ongoing training and support.

Qualifications

• Education: Bachelor’s degree in Finance, Economics, Accounting, or a related field required. Advanced degree or professional certification (CFA, FRM, or similar) preferred.
• Experience: 7‑10 years of experience in ALM, Treasury, liquidity management, or related financial risk disciplines. Prior leadership or team management experience is required.
• Skills:
  • Deep understanding of asset liability management principles, interest rate risk measurement, and balance sheet analytics.
  • Strong analytical, quantitative, and financial modeling skills.
  • Familiarity with regulatory expectations related to interest rate risk, liquidity risk, and model governance.
  • Ability to communicate complex financial concepts clearly and effectively to senior executives, committees, and cross‑functional partners.

Other Details

• $175,000 – $198,900 / year (pay determined based on job‑related knowledge, skills, experience, and location).
• This position may be eligible for a discretionary bonus.
• Cathay Bank offers its full‑time employees a competitive benefits package including medical, dental, vision, life, long‑term disability, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision‑making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.