Description
POSITION: Senior Asset/Liability Management (ALM) Analyst
Position Summary:
The Senior ALM Analyst plays an active role in supporting the Bank's Corporate Treasury function. This individual will work on the Bank's net interest income (NII) model and processes that support it.
Key Result Areas:
Produce monthly net interest income (NII) forecasts and risk simulations using Empyrean software.
Develop and validate assumptions, such as prepayment speeds and deposit betas, used in the NII model.
Support in facilitating interest rate swap transactions for either lending relationships or for ALM objectives.
Contribute to Treasury activities related to liquidity, investments, derivatives, and other balance sheet management initiatives.
Develop and maintain loan and client relationship pricing tool.
Collaborate with FP&A to facilitate budgeting, funds transfer pricing (FTP) and various profitability analyses.
Support the management of day-to-day processes related to the Bank's funding and liquidity needs, such as executing and monitoring wholesale funding transactions and maintaining appropriate contingent funding sources.
Perform and manage ALCO-related analyses.
In collaboration with the Treasury department, facilitate internal and external reviews and audits for the Treasury group.
Establish and maintain effective working relationships with Bank senior managers and other employees.
Contribute to the effective team management of all Bank initiatives, issues, and opportunities.
Perform additional duties as required.
Qualifications:
BS degree preferred, preferably in finance or economics, advance degree a plus.
5+ years of banking experience with 2+ years of strong working experience and knowledge of bank treasury management and/or bank asset/liability software and systems.
Experience with NII forecasting, profitability analysis, interest rate risk management, and/or interest rate swap strategies within an ALM or Treasury function.
Advanced proficiency in the use of Microsoft suite and Bloomberg terminal.
Experience with Empyrean software preferred.
Strong analytical and communication skills.
Ability to work independently with minimal supervision.
Effective time-management skills and comfortable meeting strict deadlines.
The above description covers the most significant major responsibilities but does not exclude other occasional responsibilities and accountabilities, the inclusion of which would be in conformity with the major purpose of this job.
Location: Hybrid/Waltham, MA
Salary Range: $110,900 - $147,900 Annually
The reasonably estimated salary for this role at Cambridge Savings Bank ranges from $110,900 - $147,900 Annually. Cambridge Saving Bank will determine actual compensation for the role based on factors including, but not limited to, the successful candidate's skills, qualifications, and experience. In addition, Cambridge Savings Bank offers a wide range of comprehensive and inclusive employee benefits for full-time roles including healthcare, parental planning, mental health benefits, performance bonus opportunities, a 401(k) plan and match, flexible time off, and others.
Visa Sponsorship: Cambridge Savings Bank is unable to sponsor or take over sponsorship of an employment visa for this role at this time.
