FVP, ALM Manager

About the role

The FVP, ALM Manager serves as the Bank’s senior leader responsible for asset liability strategy, interest rate risk oversight, and balance sheet analytics. Reporting directly to the Treasurer, this role leads the ALM team, manages Cathay Bank’s (the “Bank”) ALM modeling platform, and develops analytical frameworks that support strategic decision-making.

Responsibilities

• Oversight of the Bank’s ALM framework, including modeling, forecasting, and analysis of balance sheet behavior and performance.
• Evaluation of interest rate risk exposures using the Empyrean ALM model and other industry-standard tools, and provide strategic recommendations to optimize balance sheet structure, earnings stability, liquidity positioning, and capital efficiency.
• Management of the Empyrean ALM model, behavioral assumptions, data integrity, documentation, back-testing, and model governance to meet regulatory and internal standards.
• Preparation and presentation of ALM results, trends, and strategic insights to senior leadership, ALCO, and other governance committees.
• Deposit analytics and behavioral modeling, including analysis of deposit betas, decay rates, and customer behavior, and support product pricing and deposit strategy.
• Development of multi-scenario stress testing frameworks beyond IRR (e.g., liquidity, earnings, capital) and support enterprise-wide stress testing initiatives.
• Partnership with the Treasurer on funding mix optimization, investment strategy, hedging programs, and strategic balance sheet initiatives such as loan portfolio reshaping.
• Analysis of the investment portfolio and reinvestment strategies to support risk-adjusted returns and balance sheet positioning.
• Liaison with Model Risk Management for model validations and regulatory examinations.
• Overseeing data quality feeding the ALM model and leading enhancements to ALM systems, data pipelines, and reporting automation.
• Preparation of ALCO materials, regulatory reports, and internal management reporting packages related to interest rate risk, liquidity, and balance sheet performance.
• Collaboration with FP&A on balance sheet forecasting, capital planning, and funds transfer pricing (FTP).
• Leadership, mentoring, and development of ALM staff by setting goals, managing performance, and providing ongoing training and support.

Qualifications

• Bachelor’s degree in Finance, Economics, Accounting, or a related field required.
• Advanced degree or professional certification (CFA, FRM, or similar) preferred.
• 7-10 years of experience in ALM, Treasury, liquidity management, or related financial risk disciplines.
• Prior leadership or team management experience is required.
• Deep 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 to senior executives, committees, and cross-functional partners.