FVP, ALM Manager

Cathay Bank; El Monte (CA); On-site; USD 158,000 - 190,000; Full time

Benefits offered by this job

Benefits package including medical, Rx

401(k) with company contributions

Job summary

Cathay Bank is seeking a senior leader to head Asset Liability Management, reporting to the Treasurer. You will manage the ALM framework, model governance, and balance sheet analytics, ensuring regulatory compliance and strategic planning across the organization.

Responsibilities include leading the ALM team, optimizing funding, liquidity, and capital efficiency, and presenting insights to senior leadership and ALCO. Strong modeling, risk and communication skills are essential.

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting required; CFA/FRM or similar preferred.
• 7–10 years in ALM, Treasury, liquidity management or related risk disciplines; leadership experience required.
• Strong analytical, quantitative, and financial modeling skills; ability to explain complex concepts.

Responsibilities

• Oversee ALM framework including modeling, forecasting, and analysis of balance sheet behavior and performance.
• Lead interest rate risk measurement activities (EVE, NII simulations, scenario analysis) and advise on balance sheet optimization.
• Manage the Empyrean ALM model, data integrity, documentation, back‑testing and governance.
• Prepare ALCO materials, regulatory reports, and internal management reporting on IRR, liquidity and balance sheet performance.

Skills

Asset liability management

Interest rate risk measurement

Financial modeling

Communication with executives

Education

Bachelor’s degree in Finance/Economics/Accounting

CFA/FRM or similar preferred

Tools

Empyrean ALM model

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. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.

What our team members are saying:

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Learn more about us at cathaybank.com

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 (the “Bank”) ALM modeling platform, and develops analytical frameworks that support strategic decision‑making. This position has a critical role in optimizing balance sheet performance, ensuring regulatory compliance, and supporting long‑term financial planning across the organization.

DIRECT REPORTS

The position will manage a team.

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

Pay Range: $158,000 – $190,000 / 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 which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long‑term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.

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.

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Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at [phone] or [e-mail]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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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.