Manager, Asset Liability Management

First Merchants Bank; Indianapolis (IN); On-site; USD 120,000 - 160,000; Full time

Job summary

First Merchants Bank is seeking a senior financial modeling professional to oversee ALM modeling, capital stress testing, and governance. You will work with ALCO and treasury management to support strategic decision-making and regulatory reporting.

The role requires seven years in financial modeling, strong analytical and communication skills, and experience with ALM tools such as Empyrean ALM. This is a full-time, on-site position based in Indianapolis, Indiana.

Qualifications

• Bachelor's degree in business, finance, economics, mathematics, or related field.
• Minimum seven (7) years of financial modeling or related experience.
• Experience with asset liability management, interest rate risk measurement, and regulatory capital frameworks.

Responsibilities

• Oversee asset and liability modeling process and lead rate risk measurement activities.
• Support annual strategic planning through financial forecasting of key metrics.
• Lead development, execution, and documentation of the bank's capital stress testing framework.
• Ensure model governance including documentation, validations, and regulatory examinations.
• Prepare management reporting packages and provide strategic recommendations.
• Supervise and develop Financial Modeling Specialist team.

Skills

Asset liability management

Interest rate risk measurement

Financial forecasting

Regulatory capital framework

Quantitative modeling

Communication skills

Education

Bachelor's degree in business, finance, economics, or mathematics

Master of Science in Applied Business Analytics

MBA

CPA or CFA

Tools

Empyrean ALM

Stress testing software

Job description

Job Summary:

Oversee the design, development, deployment, and governance of financial, statistical, asset liability management, and capital stress testing models to support balance sheet management, capital planning, strategic decision-making, and regulatory reporting for presentation to the Board of Directors, Asset Liability Committee (ALCO), treasury management, shareholders, regulators, and other stakeholders.

Essential Duties and Responsibilities:

• Own the asset and liability modeling process including:
  
  
  
  • 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.
  
  
  • Ensure the asset liability model (ALM) parameters, model upgrades, chart of accounts, and other model assumptions are maintained and updated.
  
  
  • Ensure the ALM results are reasonable based on the rate environment.
  
  
  • Recommend alternatives to the Corporate Treasurer and participate in decisions regarding balance sheet and interest rate model strategies.
  
  
  
  


• Support the annual strategic planning and budgeting process through financial forecasting of net interest income, net interest margin, balance sheet growth, non-interest income, and operating expenses.


• Lead the development, execution, and documentation of the Bank's capital stress testing framework, including baseline, adverse, and severely adverse economic scenarios used to evaluate capital adequacy, earnings performance, and balance sheet resilience.


• Use mathematics and statistics to measure, model, and predict customer deposit and loan behaviors to support pricing and product decisions.


• Perform ad-hoc research across a variety of deposit and loan data sets.


• Oversee model governance activities, including model documentation, assumption reviews, internal and external model validations, regulatory examinations, audit requests, and remediation efforts.


• Assist in the preparation and review of management reporting packages, including ALCO reporting, stress testing results, interest rate risk reporting, capital planning analyses, and strategic recommendations.


• Supervise and develop the Financial Modeling Specialist by providing leadership, direction, technical oversight, training, and performance management while ensuring the quality and timeliness of departmental deliverables.


• Perform other duties and special projects as assigned.

Required Qualifications:

• Bachelor's degree in business, finance, economics, mathematics, or related.


• A minimum of seven (7) years of financial modeling or related experience.


• Strong knowledge of asset liability management, interest rate risk measurement, balance sheet analytics, financial forecasting, and regulatory capital framework concepts.


• Experience developing or utilizing quantitative models for capital planning, earnings forecasting, or bank stress testing.


• Experience using Empyrean ALM and stress testing software, including model administration, scenario analysis, and reporting.


• Advanced analytical, statistical, and financial modeling skills.


• Strong written and verbal communication skills with the ability to present complex analyses to senior management and executives.

Preferred Qualifications:

• Master of Science in Applied Business Analytics and/or MBA.


• Certified Professional Accountant (CPA) or Certified Financial Analyst (CFA).

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