Manager, Asset Liability Management
First Tech Federal Credit Union
Location
Hillsboro, OR | United States
Job description
Description
The Manager, Asset Liability Management leads the execution, implementation and adherence of our Interest Rate Risk model via the Asset Liability Committee (ALCO).
Here's what you can expect from the job and what you need to be successful:
Job Duties
- Lead a team of high-performing and engaged employees through effective people leadership practices including regular communication of performance expectations and feedback to employees to maintain high team performance; provide coaching and corrective action as required; actively support employee professional growth and development
- Meet established department metrics; update leader on all major projects and goal progress; research, resolve and communicate operational and employee issues to leader or other business units as appropriate
- Manage the generation of quarterly Interest Rate Risk modeling (Balance Sheet Management) reports and the reporting to senior leadership, including executives and key business partners
- Oversee and ensure interest rate risk model assumptions are documented and methodology properly documented and updated as asset and liability pricing changes with market moves
- Collaborate with internal and external business partners (ALM 1st, ZM and Temenos) to facilitate, execute, and model all profitability metrics to the broader credit union
- Lead across all levels within the organization to identify and optimize our strategy and report on product modeling methodology changes, funds transfer pricing, and annual model validation process
- Coordinate among business partners to provide necessary data to make the appropriate pricing decision to reach business plan production and yield expectations
- Model a variety of strategies to evaluate and guide First Tech's strategy related to earnings, capital, liquidity and interest rate risk
Essential Skills
- Minimum 5 years of experience with Interest Rate Risk models such as, ZM, Profitstars, IPS Sendero, BancWare, including support of balance sheet management functions, preferably in the financial services industry
- Strong knowledge of loan purchase programs, such as TCF, Happy Money, Splash, Quorum and Kinecta
- Strong knowledge of concepts and applications of duration, interest rate sensitivity, price elasticity
- Ability to work closely with a large number of business units to ensure proper production levels in support of balance sheet optimization
- Excellent verbal and written communication skills; able to express ideas concisely and logically to all levels
- Ability to foster strong relationships with internal and external stakeholders
- Ability to anticipate needs and prioritize projects in a fast-paced environment with tight deadlines and high-volume peaks while producing high-quality work
- Strong analytical and problem-solving skills with attention to detail
- Strong knowledge of non-Excel analytical tools such as Python, R, or SAS
- Advanced SQL skills and understanding of relational databases
- Advanced knowledge of Microsoft Office Suite, particularly Excel
- Minimum Education: Bachelor's degree in finance or Business Administration; or equivalent work experience.
Location: Hillsboro, OR 97124 | (HYBRID)
Target Compensation in Hillsboro, OR: $135k - $140k annually + annual bonus
Benefits options include:
- Traditional medical, dental, and vision coverage
- 401K matching up to 5% per pay period
- Accrue up to 17 days of Paid Time Off your first year of employment
- 11 paid federal holidays
- Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria)
What makes First Tech different? Click to learn more!
First Tech is not currently offering Visa transfer/ sponsorship for this position #LI-KW1
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