Who we are looking forThe Head of Asset Liability Management (ALM) is accountable for the enterprise-wide management of asset liability management and risk across a globally systemically important financial institution (GSIFI). The role leads the design and execution of ALM strategy to optimize the balance sheet position, including interest rate risk management, asset allocation, cost of funds, net interest margin, and structural balance sheet resilience, while ensuring compliance with evolving global regulatory standards and internal risk appetite.
This executive serves as a key advisor to senior management and ALCO (Asset Liability Committee), providing rigorous analytics, forward-looking insights, and disciplined governance over balance sheet risks under normal and stressed conditions.
What you will be responsible forBalance Sheet Strategy & Risk Management- Own and execute the firm-wide ALM framework to support sustainable and stable returns along with franchise growth within approved risk appetite.
- Oversee behavioral modeling of assets and liabilities, including deposits, loans, and non-maturity products for baseline and stress scenarios.
- Develop and govern house macroeconomic views and develop balance sheet sensitivities for key macroeconomic variables, including interest rates, FX rates, credit spreads, money supply, GDP, and related balance sheet drivers.
- Develop investment portfolio and hedge instrument selections, target durations, and currency positioning that drives achievement of financial plans, accounts for risks and opportunities, and allows rapid evaluation of opportunity sets
- Coordinate internal balance sheet allocation processes and articulate price signals for various scarce balance sheet elements, including deposits, loans, other business assets, and the investment portfolio.
- Develop and govern points of entry and exit for interest rate and foreign exchange hedges and provide asset and interest rate positioning framework to Chief Investment Office and senior management
Governance, Committees & Board Engagement- Serve as a senior member of ALCO and related sub-committees, to foster robust escalation, challenge, and decision-making.
- Provide clear, Board-level reporting on interest rate positioning, macroeconomic sensitivities, asset allocation and hedging decisions, translating complex analytics into actionable insights.
- Propose key targets and risk appetite metrics for governance review and challenge.
- Partner closely with Risk and Internal Audit to maintain strong three-lines-of-defense governance.
- Work with businesses to review new product proposals and recommend any changes to align with commercial and risk management objectives
Regulatory & Supervisory Engagement- Assess and develop remediation plans to comply with global regulatory standards and supervisory expectations for interest rate risk in the banking book applicable to GSIFIs.
- Act as a senior point of contact for regulators on ALM-related matters, examinations, and thematic reviews.
Analytics, Models & Infrastructure- Oversee ALM models, methodologies, and data infrastructure, ensuring accuracy, transparency, and model risk governance.
- Drive continuous enhancement of balance sheet forecasting, scenario analysis, and stress testing capabilities to anticipate macroeconomic and market shifts.
Leadership & Talent Development- Lead and develop a high-performing global ALM organization, fostering strong technical expertise, sound judgment, and risk culture.
- Build deep succession and bench strength for critical ALM and Treasury roles across regions.
Education & Preferred Qualifications- Advanced degree in Finance, Economics, or related field; MBA or equivalent preferred.
- 15+ years of progressive experience in ALM, Treasury, Balance Sheet Management, or Financial Risk within a large, complex financial institution.
- Demonstrated experience operating at scale within a GSIFI or similarly regulated global firm.
- Deep expertise in investment portfolio management, IRRBB, funds transfer pricing, and balance sheet hedging.
- Strong competency in developing sustainable production and control processes
- Proven ability to engage credibly with Boards, regulators, and senior executives.
Are you the right candidate? Yes!We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.
Salary Range: $225,000 - $337,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
