Description
The Senior Director, Asset Liability Managementleads the execution, implementation, and adherence of First Tech's Interest Rate Risk model via the Asset Liability Committee (ALCO). This role is also responsible for collaborating cross functionally and strategically with all necessary areas of the business in order to successfully execute the goals of First Tech and the Capital Markets team.
Here's what you can expect from the job and what you need to be successful :
Job Duties
- Lead content creation for cohesive strategy facilitation in ALCO to gain approval to execute.
- Develop implementation plan for processing interest rate risk reports monthly
- Ensure ample liquidity on and off balance sheet exists and can be accessed in a timely manner
- Develop executable strategies to help mitigate interest rate risk and augment earnings
- 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 andemployee issuesto leader or other business units as appropriate
- Manage the output process of Interest Rate Risk reports and identify opportunities to optimize Balance Sheet in accordance to the financial plan and report / recommend to the ALCO on a monthly basis
- Oversee and ensure interest rate risk model assumptions and methodologies are properly documented
- Collaborate with internal and external business partners (ALM 1
st
, Moody's, and Temenos) to facilitate, execute, and model all profitability metrics to the broader credit union
Lead across all levels of the organization to identify and optimize our strategy and report on product modeling methodology changes, funds transfer pricing, and annual model validation processCoordinate among business partners to provide necessary data to make the appropriate pricing decision to reach business plan production and yield expectationsModel a variety of strategies to evaluate and guide First Tech's strategy related to earnings, capital, liquidity and interest rate riskEssential Skills
Minimum 10 years of experience with Interest Rate Risk models such as,ZM (Moody's), QRM, Profitstars, IPS Sendero, BancWare, including support of balance sheet management functions, preferably in the financial services industryMinimum 7 years' experience leading high performing teamsExperience with effectively allocating capital and managing earnings at risk metricsStrong knowledge of concepts and applications of duration, interest rate sensitivity, price elasticityAbility to work closely with a large number of business units to ensure proper production levels in support of balance sheet optimizationExcellent verbal and written communication skills; able to express ideas concisely and logically to all levelsAbility to foster strong relationships with internal and external stakeholdersAbility to anticipate needs and prioritize projects in a fast-paced environment with tight deadlines and high-volume peaks while producing high-quality workStrong analytical and problem-solving skills with attention to detailStrong knowledge of non-Excel analytical tools such as Python, R, or SASAdvanced SQL skills and understanding of relational databasesAdvanced knowledge of Microsoft Office Suite, particularly ExcelMinimum Education : Bachelor's degree in Finance or Business AdministrationLocation : Hillsboro, OR 97124 | (HYBRID)
Target Compensation in Hillsboro, OR : $170k - $190k annually + annual bonus
Benefits options include :
Traditional medical, dental, and vision coverage401K matching up to 5% per pay periodAccrue up to 17 days of Paid Time Off your first year of employment11 paid federal holidaysSpecial 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 here to learn more!
First Tech is not currently offering Visa transfer / sponsorship for this position
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