VP, ALM Officer

Cathay Bank in; El Monte (CA); On-site; USD 149,000 - 175,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability insurance

FSAs

HSA with company contributions

Voluntary coverages

401(k)

Job summary

Cathay Bank in El Monte, CA, is seeking a VP ALM Officer to lead asset liability management, interest rate risk oversight, and balance sheet analytics. The role partners with Treasury, FP&A, Risk, and Finance to ensure accurate modeling, governance, and clear communication of ALM results.

The position requires 5-7 years in ALM/treasury, strong modeling skills, and leadership experience. It offers a competitive $148,700–$175,000 salary plus bonus eligibility in a full-time, on-site role.

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, or a related field required.
• Advanced degree or professional certification (CFA, FRM, or similar) preferred.
• 5-7 years of experience in ALM, Treasury, liquidity management, or related financial risk disciplines.
• Leadership or team management experience is a plus.
• 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.

Responsibilities

• Support the Bank's ALM framework, including modeling, forecasting, and analysis of balance sheet behavior and performance.
• Run interest rate risk simulations (EVE, NII, scenario analysis, sensitivity testing) and assist in evaluating the impact of market rate movements on earnings and capital.
• Maintain the Empyrean ALM model, including data integrity, assumption updates, documentation, and model governance activities.
• Develop and refine behavioral assumptions, prepayment models, and deposit analytics.
• Prepare ALM results, dashboards, and analytical insights for review by the FVP and presentation to ALCO and senior leadership.
• Conduct deposit analytics, including analysis of deposit betas, decay rates, and customer behavior, and support product pricing and deposit strategy.
• Support capital planning by providing ALM inputs into CCAR‑style stress testing, capital adequacy assessments, and long‑term financial planning.
• Develop multi‑scenario stress testing frameworks (liquidity, earnings, capital) and support enterprise‑wide stress testing initiatives.
• Partner with the FVP AML Manager and Treasurer on funding mix analysis, investment strategy support, hedging evaluations, and balance sheet optimization initiatives.
• Analyze the investment portfolio and reinvestment strategies to support risk‑adjusted returns and balance sheet positioning.
• Coordinate with Model Risk Management on model validations, documentation updates, and remediation activities.
• Support data quality oversight and contribute to enhancements in ALM systems, data pipelines, and reporting automation.
• Prepare ALCO materials, regulatory support schedules, and internal management reporting packages related to interest rate risk, liquidity, and balance sheet performance.
• Partner with FP&A on balance sheet forecasting, scenario analysis, and funds transfer pricing (FTP) support.
• Mentor and guide junior analysts, providing technical coaching and review of analytical work as needed.

Skills

ALM principles

Analytical skills

Financial modeling

Regulatory familiarity

Clear communication

Education

Bachelor's degree in Finance, Economics, Accounting, or related field

Advanced degree or professional certification (CFA, FRM, or similar) preferred

Job description

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.

The VP ALM Officer supports Cathay Bank's (the Bank) asset liability management, interest rate risk oversight, and balance sheet analytics. Reporting to the FVP – ALM Manager, this role has a key part in maintaining the Bank's ALM modeling framework, producing high‑quality analysis, and supporting strategic balance sheet decisions. The VP partners closely with Treasury, FP&A, Risk, and Finance teams to ensure accurate modeling, strong governance, and effective communication of ALM results.

ESSENTIAL FUNCTIONS

• Support the Bank's ALM framework, including modeling, forecasting, and analysis of balance sheet behavior and performance.
• Run interest rate risk simulations (EVE, NII, scenario analysis, sensitivity testing) and assist in evaluating the impact of market rate movements on earnings and capital.
• Maintain the Empyrean ALM model, including data integrity, assumption updates, documentation, and model governance activities.
• Develop and refine behavioral assumptions, prepayment models, and deposit analytics.
• Prepare ALM results, dashboards, and analytical insights for review by the FVP and presentation to ALCO and senior leadership.
• Conduct deposit analytics, including analysis of deposit betas, decay rates, and customer behavior, and support product pricing and deposit strategy.
• Support capital planning by providing ALM inputs into CCAR‑style stress testing, capital adequacy assessments, and long‑term financial planning.
• Develop multi‑scenario stress testing frameworks (liquidity, earnings, capital) and support enterprise‑wide stress testing initiatives.
• Partner with the FVP AML Manager and Treasurer on funding mix analysis, investment strategy support, hedging evaluations, and balance sheet optimization initiatives.
• Analyze the investment portfolio and reinvestment strategies to support risk‑adjusted returns and balance sheet positioning.
• Coordinate with Model Risk Management on model validations, documentation updates, and remediation activities.
• Support data quality oversight and contribute to enhancements in ALM systems, data pipelines, and reporting automation.
• Prepare ALCO materials, regulatory support schedules, and internal management reporting packages related to interest rate risk, liquidity, and balance sheet performance.
• Partner with FP&A on balance sheet forecasting, scenario analysis, and funds transfer pricing (FTP) support.
• Mentor and guide junior analysts, providing technical coaching and review of analytical work as needed.

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:
  5-7 years of experience in ALM, Treasury, liquidity management, or related financial risk disciplines.Prior leadership or team management experience is a plus.
• Skills:
  
  • 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.

OTHER DETAILS

$148,700 – $175,000 / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers itsfull-timeemployees a competitive benefits package which is a significant part of their total compensation.

• Coverage for medical insurance
• Coverage for dental insurance
• Coverage for vision insurance
• Coverage for life insurance
• Coverage for long-term disability insurance
• Coverage for flexible spending accounts (FSAs)
• Coverage for health saving account (HSA) with company contributions
• Coverage for voluntary coverages
• Coverage for 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 affirmatively 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.

Cathay Bank endeavors to makewww.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] [e-mail] .This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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.Finance & Accounting