Senior Asset/Liability Management Analyst
Cambridge Savings Bank
Senior Asset/Liability Management Analyst
Cambridge Savings Bank
Mutual community bank delivering banking services
POSITION: Senior Asset/Liability Management (ALM) Analyst
Position Summary:
At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity and inclusion. 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, MASalary 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.
About Cambridge Savings Bank:
Cambridge Savings Bank is a full-service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. To learn more about how we can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship.Member FDIC. Equal Housing Lender. NMLS # 543370.
Cambridge Savings Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.
Mutual community bank delivering banking services
Cambridge Savings Bank is a mutual, full-service community bank serving Massachusetts with about $7.5 billion in assets. It offers personal, small business, and commercial banking through branches and a growing digital footprint. The bank provides typical banking products such as checking and savings accounts, loans, mortgages, and treasury or commercial banking services to individuals and businesses. What sets Cambridge Savings Bank apart is its mutual ownership, which aims to prioritize customers and employees and support local communities rather than external shareholders, delivering relationship-based service. The bank’s goal is to help customers achieve their financial goals and strengthen the communities it serves by combining personalized in-person service with convenient digital options.
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