Vice President of Asset and Liability Management

If you are ready to join a company that truly cares about its employees, our members, and our community then you have come to the right place!

Summary of role:

Vice President (VP) of asset and liability management (ALM) will lead the team daily and conduct and oversee these core functions for a large and complex credit union. This entails sophisticated savvy leadership, governance, and risk management practices commensurate with a $10 billion plus credit union facing historically disruptive changes in the financial services sector. In addition, this role will be technical, detailed and require extensive review and analysis of data, procedure and model governance. The role requires strong people and technical skills. People skills are necessary to collaborate with internal business units and other areas within the CFO organization to ensure cross functional constructive outcomes. Technical skills are necessary to guarantee accuracy, analysis, reporting, review, governance, and recommendations. This role is integral to asset liability management and overall fiscal management of the organization and will report to the SVP of Finance.

Essential Job Functions/Responsibilities:

• Ensure ALM processes used for monthly financial reporting are prepared on time, accurate, complete

• Lead the team in understanding and analysis

• Be the subject matter expert in the organization’s ALM model

• Summarize complex elements of the model and the practical implications to the SVP of Finance and other members of the senior management team as needed

• Understand the regulatory and management requirements of best-in-class asset liability management and responsibilities – execute to those standards

• Understand and help assess the organization’s interest rate risk position

• Gather, analyze, and detail review company financial information (statements, metrics, etc.)

• Stay current and knowledgeable on industry, regulatory and economic developments.

• Ensure up to date forecasting and an in-depth understanding of financial direction.

• Prepare analytical materials and take part in forecast meetings with business unit leaders on balance sheet impacts.

• Maintain a thorough understanding of changes in the balance sheet, loan, and deposit trends. 

• Work collaboratively to support reporting areas within the Finance Business Unit and CFO team as a whole

• Own all the data in the model and ensure it is complete, accurate and optimized

• Provide necessary written analytical material to the Senior Management to support corporate financial decision making

• Deliver needed financial reports and requests. 

• Run and understand regulatorily required and alternative scenarios for the proper interest rate risk management of the organization

• Provide written analytics on all scenario analysis

• Understand how the role and function is a critical component of the fiscal management of the organization

• Prepare, review and analyze the short-term and long-term (5 years) balance sheet and interest rate forecast to ensure accuracy of all financial projections. 

• Assist in the preparation of the materials for senior management, ALCO and Board of Directors as needed

• Coordinate and successfully execute annual ALM audits (internal audit, NCUA audit, external audit) 

• Coordinate with third party ALM provider to conduct interest rate risk assessments, including understanding the comparison to in house modeling. 

• Provide data and options for adjusting risk profile of the balance sheet

• Understand regulatory reporting changes.

• Ensure ALM policy, IRR Program Document, and ALM Charter are maintained

• Work with outside vendors used for ALM oversight and model governance

• Provide supervision of ALM team (performance feedback, guidance and direction)

• Other duties as needed. 

Minimum Job Qualifications:

• Bachelor's degree (B.A.) from four-year college or university; and ten or more years’ experience; 5 years working specifically on asset liability management; Empyrean ALM software strongly preferred

• In depth understanding to read, analyze, and interpret professional journals and financial reports

• Ability to work constructively across the organization and lead / direct to targeted outcomes

• Ability to effectively present complex information to top management, public groups, and/or boards of directors as needed

• Ability to work with mathematical concepts such as probability and statistical inference.

• Ability to apply complex financial concepts.

• Requires working knowledge of laws, rules and regulations affecting the Credit Union, excellent written and verbal communication skills, and overall working knowledge of the Credit Union operations. 

Starting Compensation: $150,000-$175,000 annually, plus a competitive benefits package.

Bilingual individuals who are fluent in a second language in addition to English are highly encouraged to apply.

We are an equal opportunity employer. We do not discriminate on the basis of race, creed, color, national origin, religion, sex, age, veteran status, disability, genetic information, gender identity, or any other protected class.

Broadview FCU is committed to ensuring individuals with disabilities and/or those who have special needs participate in the workforce and are afforded equal opportunity to apply and compete for jobs. If you would like to contact us regarding the accessibility of our Website or need assistance completing the application process, please contact us at  [email protected]