Bank of Hope

Manager-ALM

Bank of Hope • $165K — $180K *
Los Angeles, CA 90011In-Person
Finance & Insurance
5 - 7 years of experience
Yesterday
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance, economics, or related field required.
  • MBA, CFA, FRM, or CPA designation preferred.
  • 5-8 years of experience in asset liability management, quantitative modeling, or similar field required.
  • Prior experience in Treasury, Finance, or Risk Management preferred.
  • Strong analytical and modeling skills required.
  • Solid project management and coordination skills desired.
  • Proficiency with MS Office and experience with Capital/ALM systems desirable.

Responsibilities

  • Lead development and maintenance of the Bank's ALM system, primarily using QRM.
  • Manage and train ALM staff for efficient operations and compliance.
  • Ensure timely and professional interaction with regulators for ALM matters.
  • Report monthly to the Board on IRR changes and associated risks.
  • Notify stakeholders on IRR recommendations and limit monitoring.
  • Share responsibility for adherence to regulatory guidance in treasury models.
  • Collaborate with accounting and investor relations for accurate financial releases.

Benefits

  • Comprehensive employee benefits package.
  • Professional development opportunities.
  • Supportive work environment fostering teamwork.
  • Opportunities for career advancement.
  • Flexible work-life balance.
Full Job Description
Manager - ALM is responsible for the development and execution of impactful balance sheet strategies while supporting the design and management of the Bank's ALM system.

  • Lead the development and maintenance of the Bank's ALM system, primarily in QRM. This function includes all supporting tools, such as SQL server, Excel macros, and other softwares that support the IRR infrastructure of the Bank.
  • Manage ALM staff members, train and retain talents for smoothly operating Bank ALM functions; Ensure sufficient coverage for all ALM areas in measuring, monitoring, and reporting risk. Maintain procedures, policies, and training manuals related to IRR.
  • Follow regulatory guidance in regard to ALM and treasury matters, interact in a timely and professional manners with regulators (FDIC, Fed, CA DBO).
  • Responsible for the overall ALM section of Board ALCO reporting, with monthly frequency, fully appraising the Board of IRR changes, risk drivers, and forward recommendation.
  • Responsible for notifying all stakeholders (Treasurer, CFO, COO, Strategy, Business lines) regarding IRR recommendation, changes, limit monitoring.
  • Shares responsibility with Treasurer and Liquidity Manager to ensure all treasury models follow the regulatory guidance in SR11-7, monitored/backtested regularly, and validated in the agreed amount of time.
  • Support accounting and investor relations to ensure all financial release regarding IRR are properly vetted and understood.


Job Qualifications/Requirements

Education/Credentials

  • Required: Bachelor's degree in accounting, finance, economics, or related field
  • Preferred: MBA, CFA, FRM, or CPA designation preferred


Prior Experience

  • Required: 5-8 years of experience in asset liability management, quantitative modeling, or similar field; prior experience in Treasury, Finance, or Risk Management is preferred.


Technical Skills

  • Required: Strong analytical and modeling skills
  • Required: Solid project management and coordination skills with proven ability to meet deadlines
  • Required: High-performance, high-quality approach to managing multiple projects simultaneously
  • Required: Good team player with interpersonal skills
  • Required: Attention to detail and Excellent written communication skills
  • Required: Ability to research, formulate ideas, and develop actionable insights
  • Required: Proficiency with MS Office (Word, Excel, Powerpoint, Access)
  • Preferred: Experience with Capital/ALM system such as QRM or Bancware or other related software is highly desirable
  • Preferred: Working knowledge of SQL, XML, VBA
  • Preferred: Experience with Bloomberg


The salary range for this full-time position is $165,000.00 - $180,000.00 annually + bonus + benefits

Salary ranges are determined based on qualifications, level, and location

Exact compensation may vary based on your skills and experience.

About Bank of Hope

Bank of Hope is a commercial bank headquartered in Los Angeles, California. It was founded in 1976 as BBCN Bank and changed its name to Bank of Hope in 2017. The bank provides a wide range of financial products and services to individuals, small businesses, and commercial clients, including deposit accounts, loans, credit cards, and wealth management services. Bank of Hope operates more than 50 branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia, and Alabama. The bank is committed to serving the needs of the Korean-American community and other diverse communities, and has been recognized for its efforts to promote diversity and inclusion in the workplace.
Learn more about Bank of Hope
Size
1,300 employees
Industry
Finance & Insurance
* Ladders Estimates

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