Financial Analyst, ALM / Asset Liability Management

Summary

The ALM Financial Analyst is responsible for the end-to-end execution of the institution's interest rate risk (IRR) measurement program using the Empyrean ALM. This includes data integration and reconciliation, assumption development and maintenance, simulation execution, results analysis, and reporting to the Asset-Liability Committee (ALCO), senior management, and the Board. The analyst serves as the primary subject-matter expert for the ALM model and supports model governance, validation, and regulatory examination activities.

This is a fully on-site position and is not eligible for remote or hybrid work.

Essential Job Duties & Responsibilities (Include but are not limited to):

• Model Administration & Data Management: Administer the Empyrean Cash Flow Forecaster module and manage data loads from source systems, reconciling model balances, rates, and income to the general ledger each cycle.
• Interest Rate Risk Simulation & Analysis: Execute NII and EVE simulations under rate shocks, ramps, and non-parallel yield curve scenarios, and perform stress tests and what-if analyses for ALCO.
• Assumption Development & Maintenance: Develop, document, and maintain key behavioral assumptions, including loan prepayments, deposit decay rates, and deposit betas, supported by historical studies and sensitivity analysis.
• Model Risk Management & Governance: Maintain model documentation, perform back-testing, and support independent validations and audits consistent with model risk management guidance (SR 11-7).
• Reporting & Communication: Prepare ALCO reporting packages, monitor IRR measures against Board-approved limits, and present results and recommendations to senior management.
• Regulatory & Policy Support: Support compliance with interagency and FFIEC interest rate risk guidance, prepare regulatory examination materials, and assist with annual IRR and ALM policy reviews.
• Other Duties: Participate in special projects related to liquidity risk, funds pricing, hedging, and balance sheet strategy as assigned.

Qualifications (Education, Experience, Computer Skills, Certifications, Etc.):

• Bachelor's degree in Finance, Economics, Accounting, Mathematics, or a related quantitative field.
• 3–5 years of experience in asset-liability management, interest rate risk, treasury, or financial analysis within a bank or financial institution.
• Hands-on experience with an ALM modeling platform; Empyrean Cash Flow Forecaster experience strongly preferred.
• Solid understanding of bank balance sheet structure, fixed income mathematics, yield curves, and interest rate risk concepts (NII, EVE, duration, convexity, repricing gap).
• Advanced Microsoft Excel skills, including data manipulation, lookups, pivot tables, and financial modeling.
• Strong verbal and written communication skills
• Ability to communicate complex concepts effectively and clearly to diverse professional audiences
• Ability to work under tight deadlines and with minimal supervision
• Detail-oriented and well-organized

Benefits options include

• Medical, dental and vision coverage
• 401K with company match
• 11 paid holidays
• Accrue up to 17 vacation/sick days per year in your first year on a pro rata basis
• Applicant may be eligible for annual discretionary bonus

No relocation assistance provided.

If you are looking to be a part of a winning team and meet the above requirements, we look forward to hearing from you.

Beal Bank, Beal Bank USA, and their affiliates are Equal Opportunity Employers. Beal Bank, Beal Bank USA, and their affiliates do not discriminate against any candidate or employee on the basis of race, national origin, color, genetics, sex, marital status, sexual orientation, gender identity, age, disability, pregnancy, religion or religious affiliation, veteran or service member status, or any other characteristic protected by federal, state or local laws.

All applicants have rights under federal employment laws. To view your rights and government notices on the Family Medical Leave Act (FMLA), the Equal Employment Opportunity (EEO) and the Employee Polygraph Projection Act (EPPA), please see the following Department of Labor links: FMLA EEO EPPA

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