GENERAL SUMMARYThe 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. This position has a critical role in optimizing balance sheet performance, ensuring regulatory compliance, and supporting long-term financial planning across the organization.
DIRECT REPORTSThe position will manage a team.
ESSENTIAL FUNCTIONS- Oversee the Bank's ALM framework, including modeling, forecasting, and analysis of balance sheet behavior and performance.
- Evaluate 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.
- Lead interest rate risk measurement activities, including EVE, NII simulations, scenario analysis, and sensitivity testing, and assess the impact of market rate movements on earnings and capital.
- Manage the Empyrean ALM model, behavioral assumptions, data integrity, documentation, back-testing, and model governance to meet regulatory and internal standards.
- Prepare and present ALM results, trends, and strategic insights to senior leadership, ALCO, and other governance committees.
- Lead deposit analytics and behavioral modeling, including analysis of deposit betas, decay rates, and customer behavior, and support product pricing and deposit strategy.
- Provide ALM inputs into capital planning, including CCAR-style stress testing, capital allocation decisions, and dividend planning.
- Develop multi-scenario stress testing frameworks beyond IRR (e.g., liquidity, earnings, capital) and support enterprise-wide stress testing initiatives.
- Partner with the Treasurer on funding mix optimization, investment strategy, hedging programs, and strategic balance sheet initiatives such as loan portfolio reshaping.
- Analyze the investment portfolio and reinvestment strategies to support risk-adjusted returns and balance sheet positioning.
- Serve as the primary liaison with Model Risk Management for model validations and regulatory examinations.
- Oversee data quality feeding the ALM model and lead enhancements to ALM systems, data pipelines, and reporting automation.
- Prepare ALCO materials, regulatory reports, and internal management reporting packages related to interest rate risk, liquidity, and balance sheet performance.
- Partner with FP&A on balance sheet forecasting, capital planning, and funds transfer pricing (FTP).
- Lead, mentor, and develop ALM staff by setting goals, managing performance, and providing ongoing training and support.
QUALIFICATIONS- Education: Bachelor's degree in Finance, Economics, Accounting, or a related field required. Advanced degree or professional certification (CFA, FRM, or similar) preferred.
- Experience: 7-10 years of experience in ALM, Treasury, liquidity management, or related financial risk disciplines. Prior leadership or team management experience is required.
- Skills:
- 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.
OTHER DETAILSPay Range: $158,000 - $190,000 / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its
full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
