Senior ALM Analyst

Cambridge Savings Bank; Waltham (MA); Hybrid; USD 111,000 - 148,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) plan and match

Parental planning

Mental health benefits

Performance bonus opportunities

Flexible time off

Job summary

Cambridge Savings Bank is seeking a Senior Asset/Liability Management Analyst to support the Corporate Treasury function and the Bank's NII model. You will forecast NII, validate model assumptions, and assist with liquidity, derivatives and pricing initiatives.

The role requires 5+ years in banking with ALM/treasury experience and strong analytical skills. Hybrid work in Waltham, MA is offered along with competitive benefits.

Qualifications

• Requires a BS in finance or economics; advanced degree a plus.
• 5+ years of banking experience with 2+ years in treasury/ALM.
• Experience with NII forecasting, profitability analysis and risk management.
• Proficient with Empyrean software and Bloomberg terminal.

Responsibilities

• Produce monthly NII forecasts and risk simulations.
• Develop and validate NII model assumptions (prepayment speeds, deposit betas).
• Support in facilitating interest rate swap transactions for ALM objectives.
• Contribute to liquidity, investments, derivatives and balance sheet initiatives.
• Develop loan and client pricing tools; support FTP and profitability analyses.
• Assist with day-to-day funding and liquidity management; monitor wholesale funding.

Skills

Analytical thinking

Communication skills

Independent work

Time management

Deadline-driven

Education

BS degree in finance or economics

Advanced degree is a plus

Tools

Empyrean software

Bloomberg Terminal

Microsoft Office

Job description

POSITION

Senior Asset/Liability Management (ALM) Analyst

Position Summary

At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity and inclusion. The Senior ALM Analyst plays an active role in supporting the Bank's Corporate Treasury function. This individual will work on the Bank's net interest income (NII) model and processes that support it.

Key Result Areas

• Produce monthly net interest income (NII) forecasts and risk simulations using Empyrean software.
• Develop and validate assumptions, such as prepayment speeds and deposit betas, used in the NII model.
• Support in facilitating interest rate swap transactions for either lending relationships or for ALM objectives.
• Contribute to Treasury activities related to liquidity, investments, derivatives, and other balance sheet management initiatives.
• Develop and maintain loan and client relationship pricing tool.
• Collaborate with FP&A to facilitate budgeting, funds transfer pricing (FTP) and various profitability analyses.
• Support the management of day-to-day processes related to the Bank's funding and liquidity needs, such as executing and monitoring wholesale funding transactions and maintaining appropriate contingent funding sources.
• Perform and manage ALCO-related analyses.
• In collaboration with the Treasury department, facilitate internal and external reviews and audits for the Treasury group.
• Establish and maintain effective working relationships with Bank senior managers and other employees.
• Contribute to the effective team management of all Bank initiatives, issues, and opportunities.
• Perform additional duties as required.

Qualifications

• BS degree preferred, preferably in finance or economics, advance degree a plus.
• 5+ years of banking experience with 2+ years of strong working experience and knowledge of bank treasury management and/or bank asset/liability software and systems.
• Experience with NII forecasting, profitability analysis, interest rate risk management, and/or interest rate swap strategies within an ALM or Treasury function.
• Advanced proficiency in the use of Microsoft suite and Bloomberg terminal.
• Experience with Empyrean software preferred.
• Strong analytical and communication skills.
• Ability to work independently with minimal supervision.
• Effective time-management skills and comfortable meeting strict deadlines.

The above description covers the most significant major responsibilities but does not exclude other occasional responsibilities and accountabilities, the inclusion of which would be in conformity with the major purpose of this job.

Location

Hybrid/Waltham, MA

Salary Range

$110,900 - $147,900 Annually

The reasonably estimated salary for this role at Cambridge Savings Bank ranges from $110,900 - $147,900 Annually. Cambridge Savings Bank will determine actual compensation for the role based on factors including, but not limited to, the successful candidate's skills, qualifications, and experience. In addition, Cambridge Savings Bank offers a wide range of comprehensive and inclusive employee benefits for full-time roles including healthcare, parental planning, mental health benefits, performance bonus opportunities, a 401(k) plan and match, flexible time off, and others.

Visa Sponsorship

Cambridge Savings Bank is unable to sponsor or take over sponsorship of an employment visa for this role at this time.

About Cambridge Savings Bank

Cambridge Savings Bank is a full-service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. To learn more about how we can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370.

Cambridge Savings Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.