Job Description
We are seeking a Director to join the Asset Liability Management (ALM) team in New York City. This role will support the oversight, measurement, analysis, and reporting of interest rate risk across the balance sheet. The Director will play a key role in assessing exposures, evaluating hedging and balance sheet strategies, partnering with Treasury and Finance stakeholders, and enhancing risk management frameworks, methodologies, and governance.
In this role, you'll make an impact in the following ways:
• Lead analysis of interest rate risk in the banking book, including earnings-at-risk, economic value sensitivity, and other balance sheet risk metrics.
• Monitor and interpret changes in market rates, yield curves, customer behavior assumptions, and balance sheet positioning.
• Provide insight into asset and liability exposures and recommend actions to optimize risk-adjusted outcomes.
• Partner with Treasury, Finance, Risk, and business teams on balance sheet strategy, funding implications, and hedging approaches.
• Prepare and present risk analysis, committee materials, and management reporting for senior leadership.
• Support governance processes related to ALM and interest rate risk, including limits monitoring, stress testing, and policy compliance.
• Drive enhancements to models, assumptions, analytics, and reporting infrastructure used in interest rate risk management.
• Contribute to regulatory and internal audit deliverables related to ALM, liquidity, and interest rate risk oversight.
• Mentor junior team members and help foster a strong risk culture, collaboration, and execution discipline.
• Identify opportunities to improve processes, controls, and analytical capabilities across the team.
To be successful in this role, we're seeking the following:
Qualifications
• Bachelor's degree in Finance, Economics, Mathematics, Accounting, Engineering or a related field; advanced degree preferred.
• 10+ years of experience in Treasury, ALM, balance sheet management, market risk, or interest rate risk within a financial institution.
• Strong understanding of asset liability management concepts, interest rate risk measurement, and banking book exposures.
• Experience with balance sheet analytics, behavioral assumptions, stress testing, and hedging strategy evaluation.
• Familiarity with regulatory expectations related to IRRBB, liquidity risk, and balance sheet risk governance.
• Strong quantitative and analytical skills with the ability to interpret complex financial data and communicate implications clearly.
• Experience preparing presentations and materials for senior management and risk committees.
• Proficiency with Excel and PowerPoint; familiarity with ALM systems, data tools, or programming languages such as Python, SQL, or VBA is a plus.
• Excellent written and verbal communication skills.
• Demonstrated leadership, collaboration, and stakeholder management abilities.
Preferred Attributes
• Strategic thinker with strong commercial and risk judgment.
• Ability to operate effectively in a fast-paced, highly visible environment.
• Detail-oriented with strong execution skills and a continuous improvement mindset.
• Comfortable challenging assumptions and offering thoughtful, data-driven recommendations.
• Strong team player who thrives in a collaborative environment.
What Success Looks Like
• Delivering timely, accurate, and actionable interest rate risk analysis.
• Strengthening management reporting and governance materials for senior stakeholders.
• Enhancing ALM methodologies, assumptions, and analytics.
• Building trusted partnerships across Treasury, Finance, and Risk functions.
• Helping the organization proactively manage balance sheet risk in changing market environments.
About the Team
At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
