Sr. Manager, Asset Liability Management

About the role

The Senior Manager, Asset Liability Management (ALM) plays a critical role in ensuring the financial stability and health of the credit union. This position oversees quantitative modeling, measurement, and management of interest rate risk (IRR), liquidity risk, capital planning, Net Interest Margin (NIM) analysis, and CECL oversight. The position provides continuity for the Asset Liability Management team in presenting ALCO materials to the Board of Directors in the absence of the SVP, ALM. It requires adherence to regulations and organizational policies, including Bank Secrecy Act (BSA) and related regulations.

Responsibilities

• Direct the production and analysis of Net Interest Income (NII) sensitivity and Net Economic Value (NEV) simulations to evaluate the bank's exposure to changing interest rate environments.
• Own, validate, and continuously refine critical behavioral assumptions, including deposit decay rates, surge deposit behavior, and loan prepayment speeds.
• Oversee and calculate liquidity risk metrics and stress-testing frameworks, ensuring full alignment with internal risk tolerances and regulatory expectations (e.g., Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR)).
• FTP framework to ensure accurate risk-adjusted performance measurement across business lines.
• Provide analysis of Net Interest Margin, balance sheet trends, funding strategies, and market conditions to inform strategic financial decisions.
• Direct, train, and mentor a team of analysts, fostering a culture of technical excellence and continuous professional growth.
• Guide the daily operational and analytical workflows of the ALM team, ensuring high-quality, auditable deliverables under tight financial reporting timelines.
• Synthesize complex quantitative data into clear, strategic, and high-impact presentations for ALCO, executive leadership, and the Board of Directors.
• Manage ALM vendor reviews, business continuity reporting, and required risk assessments.
• Maintain and update policies, procedures, and controls designed to mitigate financial risks and ensure ongoing regulatory compliance within the credit union.
• Collaborate with the internal audit and regulatory affairs teams and external auditors to facilitate the submission of necessary audit and exam documentation.
• Represent the ALM function at the management level by providing recommendations and insights that support the organization's overall financial and strategic objectives.

Education Requirements

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• An MBA or advanced quantitative degree is highly preferred.

Experience Requirements

• 7–10+ years of progressive experience in finance, bank treasury, ALM, or financial risk management.
• A strong track record in a supervisory or managerial capacity is required.

Domain Expertise

• Strong understanding of fixed income, balance sheet dynamics, derivative hedging instruments, and macroeconomic drivers.
• Hands-on mastery of enterprise-level ALM modeling software (e.g., QRM, Empyrean, or BancWare).

Data Mechanics

• Proficiency handling large datasets; advanced Excel skills are required, and practical experience with SQL, SAS, or Python is highly desirable.

Business Acumen

• Strong written and verbal communication skills to effectively represent ALM.
• Demonstrated success in managing cross-functional teams and influencing executive-level decision-making.
• Strong analytical skills with the ability to understand complex financial data and ensure it is translated properly in reporting.
• Commitment to sound financial management, innovation, and organizational values.
• Deep understanding of balance sheet management, liquidity planning, interest rate risk, and regulatory compliance.
• Solid experience in financial concepts, GAAP, economic value.
• Exceptional leadership, communication, and decision-making skills with the ability to present complex financial concepts to non-technical stakeholders.

Physical Requirements

• Must be able to remain in a stationary position, often standing or sitting for prolonged periods.
• Must be able to lift up to 25 pounds.

Compensation Information

Offers will be commensurate with experience and education. The salary range for this role is Min. $127,500 - Max. $203,900. We also provide an annual corporate-wide incentive program, comprehensive benefits, including medical, vision, dental coverage, a 401(k) plan with company matching, generous sick, vacation, and personal leave, and more. For more details, please refer to the 2026 SECU Benefits Guide.