Senior ALM Analyst

Work From Home; North Liberty (IA); On-site; USD 119,000 - 139,000; Full time

Job summary

GreenState is seeking an ALM professional to perform complex Asset Liability Management functions, monitor interest rate and liquidity risk, and support financial planning and ALCO reporting. You will collaborate with Leadership and ALCO members to develop risk measures, run what-if scenarios, and assist with model buildout and documentation.

The role requires a bachelor’s degree in finance/economics, 5+ years in financial institutions, and experience with ALM software.

Qualifications

• Bachelor’s degree in finance, economics, accounting, or closely related field required.
• Five or more years of related experience working with financial institutions (preferably >$10B in assets).
• Experience measuring and monitoring interest rate risk, liquidity risk, and balance sheet strategies.
• Experience with ALM software required (Empyrean, ZMFS, QRM, etc.).
• Knowledge of financial mathematics and discounted cash flow modeling preferred. CFA a plus.

Responsibilities

• Adheres to GreenState's mission and service standards.
• Demonstrates a positive member service focus at all times.
• Produces monthly ALCO reports and supports liquidity risk analyses.
• Collaborates with ALCO to develop risk measures, scenario analysis and stress testing.
• Assists with ALM model buildout, data mining and validation, and dashboard maintenance.

Skills

Analytical skills

Problem-solving

Education

Bachelor’s degree in finance, economics, accounting, or closely related field

Tools

Empyrean

ZMFS

QRM

Power BI

SQL

Job description

Overview

Performs complex Asset Liability Management (ALM) functions; monitors and reports on interest rate and liquidity risk; conducts financial and analytical ‘what if’ scenarios; works in close cooperation with Leadership in support of the ALM modeling, annual planning process, monthly ALCO reporting, financial reporting, and execution of the Credit Union’s overall financial strategies. Performs other special projects and assignments as may be directed by Leadership.

Position Summary

Performs complex Asset Liability Management (ALM) functions; monitors and reports on interest rate and liquidity risk; conducts financial and analytical ‘what if’ scenarios; works in close cooperation with Leadership in support of the ALM modeling, annual planning process, monthly ALCO reporting, financial reporting, and execution of the Credit Union’s overall financial strategies. Performs other special projects and assignments as may be directed by Leadership.

GreenState Culture

At GreenState, we exist to create lasting value for those we serve. We do this by putting immense value into our employees, members and communities. We empower our employees to create endless opportunities, which will then impact the lives of our members and enhance the vitality of our communities.

Salary range for this position is $119,078.70 - $139,216.74 with a progressive benefit package.

Responsibilities

Essential Duties and Responsibilities

1. Adheres to the Credit Union's core values and Service Standards in conducting GreenState's mission and vision.
2. Demonstrates a positive member service (internal and external) focus at all times.
3. Demonstrates teamwork in all interactions with coworkers and in the completion of all duties and responsibilities.
4. Ensures confidentiality of member information.
5. Supports a diverse and inclusive work environment.
6. Presents a professional image from a personal and professional level that will be beneficial to the Credit Union.
7. Collaborates with members of ALCO to develop risk measures, scenario analysis and stress testing and mitigating actions, to ensure all material risks are identified, quantified, managed and reported to ALCO.
8. Analyzes and monitors credit union liquidity and makes recommendations for necessary action.
9. Working with Leadership, assists in the implementation of ALM model and the buildout of numerous analyses, including NII, EVE, duration, liquidity stress testing, ratio analysis, and what if scenarios.
10. Assists with assumption data mining, market source maintenance, benchmarking, and validation, and documentation of all modeling assumptions.
11. Collaborates with members of ALCO to establish liquidity and interest rate tolerance levels and maintain dashboard to monitor results.
12. Prepares monthly ALCO reports
13. Performs cash management reporting
14. Assists with the monthly collateral pledging processes, including review and transmittal of loan files to the Federal Reserve Bank and the Federal Home Loan Bank.
15. Maintains and tracks usage of liquidity sources by performing monthly reporting and periodic line testing.
16. Assists with back testing and validation of ALM model.
17. Maintains ALM model documentation and standard operating procedures.
18. Performs IRR and liquidity scenarios related to annual capital planning and stress testing.
19. Assists with the compilation and analysis of financial information to support Senior Management in making operational and strategic decisions.
20. Delivers insightful analysis of actual and projected capital, liquidity and funding resources and constraints, to the business.
21. Participates in ad hoc projects that include building dashboards, plans and metrics.
22. Performs any other temporary or permanent duties as assigned by the ALM Manager or Treasury Vice President.

Qualifications

1. Bachelor’s degree in finance, economics, accounting, or closely related field required.
2. Five or more years of related experience working with financial institutions (preferably >$10B in assets).
3. Experience measuring and monitoring interest rate risk, liquidity risk, and balance sheet strategies.
4. Experience with ALM software required (Empyrean, ZMFS, QRM, etc.).
5. Knowledge of financial mathematics and discounted cash flow modeling preferred. CFA a plus.
6. Must be able to manage multiple assignments with changing deadlines in a high-pressure environment.
7. Ability to coordinate and prioritize assignments and organize work efficiently for timely completion.
8. Well-developed analytical and problem-solving skills.
9. Ability to solve problems independently and maintain composure in high stress situations.
10. Excellent figure aptitude, with accurate and attention to detail required.
11. Self-directed nature, fostering an ability to work independent of supervision, but able and willing to take direction when provided.
12. Highly proficient in Microsoft Office, including excel and word.
13. Power BI and SQL experience a plus.
14. General knowledge and understanding of a financial institution’s products, services, and reports.
15. Ability, availability, and willingness to work additional and/or unconventional hours as demanded by the workload.
16. Must be bondable.