GENERAL SUMMARYThe VP ALM Officer supports Cathay Bank's (the Bank) asset liability management, interest rate risk oversight, and balance sheet analytics. Reporting to the FVP - ALM Manager, this role has a key part in maintaining the Bank's ALM modeling framework, producing high-quality analysis, and supporting strategic balance sheet decisions. The VP partners closely with Treasury, FP&A, Risk, and Finance teams to ensure accurate modeling, strong governance, and effective communication of ALM results.
ESSENTIAL FUNCTIONS- Support the Bank's ALM framework, including modeling, forecasting, and analysis of balance sheet behavior and performance.
- Run interest rate risk simulations (EVE, NII, scenario analysis, sensitivity testing) and assist in evaluating the impact of market rate movements on earnings and capital.
- Maintain the Empyrean ALM model, including data integrity, assumption updates, documentation, and model governance activities.
- Develop and refine behavioral assumptions, prepayment models, and deposit analytics.
- Prepare ALM results, dashboards, and analytical insights for review by the FVP and presentation to ALCO and senior leadership.
- Conduct deposit analytics, including analysis of deposit betas, decay rates, and customer behavior, and support product pricing and deposit strategy.
- Support capital planning by providing ALM inputs into CCAR-style stress testing, capital adequacy assessments, and long-term financial planning.
- Develop multi-scenario stress testing frameworks (liquidity, earnings, capital) and support enterprise-wide stress testing initiatives.
- Partner with the FVP AML Manager and Treasurer on funding mix analysis, investment strategy support, hedging evaluations, and balance sheet optimization initiatives.
- Analyze the investment portfolio and reinvestment strategies to support risk-adjusted returns and balance sheet positioning.
- Coordinate with Model Risk Management on model validations, documentation updates, and remediation activities.
- Support data quality oversight and contribute to enhancements in ALM systems, data pipelines, and reporting automation.
- Prepare ALCO materials, regulatory support schedules, and internal management reporting packages related to interest rate risk, liquidity, and balance sheet performance.
- Partner with FP&A on balance sheet forecasting, scenario analysis, and funds transfer pricing (FTP) support.
- Mentor and guide junior analysts, providing technical coaching and review of analytical work as needed.
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:
5-7 years of experience in ALM, Treasury, liquidity management, or related financial risk disciplines. Prior leadership or team management experience is a plus. - Skills:
- 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.
OTHER DETAILS$148,700 - $175,000 / 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).
