Asset Liability Management Analyst

3 weeks ago


Medford, United States Suffolk Credit Union Full time

At Suffolk Credit Union, we empower our members and strengthen our community by promoting financial wellness, transparency, and respect. Join us to enjoy comprehensive benefits, including health plans, lifestyle spending accounts, 401(k) matching, and support for work-life balance, along with employee engagement activities and opportunities for community involvement.

Role Overview: The Asset Liability Management (ALM) Analyst supports the Director of Finance by ensuring compliance with accounting principles and regulations through data analysis and accurate reporting. Responsibilities include preparing quarterly ALM reports, conducting stress tests, balance sheet management, and assisting with ALM modeling and financial forecasts for budgeting and strategic planning. The analyst also prepares liquidity stress testing, deposit studies, and various reports for ALCO, while providing support for regulatory exams and monitoring cash positions, investments, and borrowings.

Key Responsibilities:

  • Ensure compliance with general accounting principles and regulations through data analysis and reporting.
  • Support ALM analyses as requested by the EVP/CFO.
  • Prepare quarterly ALM reports and assist with improvements to the ALM process.
  • Assist with ALM modeling, including stress testing, back testing, and prepayment speed analysis.
  • Conduct loan and deposit beta testing for balance sheet management.
  • Evaluate and update periodic Deposit Studies.
  • Assist in producing interest income/expense forecasts for strategic planning and budgeting.
  • Prepare quarterly Liquidity Stress Testing reports.
  • Assemble and prepare reports for the quarterly ALCO package.
  • Prepare documents for ALM Benchmark every two years and model validation every three years.
  • Gather documentation for NCUA exams related to interest rate and liquidity risks.
  • Monitor and report on cash positions, derivative collateral, investments, and borrowings.
Essential Qualifications:

Qualified candidates will have a Bachelor's degree in Finance/Accounting or related field. Three (3) to five (5) years of ALM experience in the financial services industry. Previous experience with budgeting and forecasting preferred.
  • Experience with ALM and maintaining ALM models.
  • Proficient in Microsoft Excel, including advanced formula creation and data analysis.
  • Strong analytical skills with attention to detail and accuracy.
  • Skilled in gathering, analyzing, and compiling complex financial and statistical data, and presenting results clearly.
  • Advanced knowledge of accounting systems, ALM/financial analysis software, and electronic delivery systems.
  • Knowledge of financial/accounting theory and the financial industry, with the ability to explain financial concepts to non-finance staff.
  • Ability to manage multiple deadlines, problem-solve independently, and handle confidential information with tact.

Apply today and embark on a rewarding career and start empowering your possible

Suffolk Credit Union provides equal employment opportunities to all applicants and prohibits discrimination of any type on the basis of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth and pregnancy-related conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information or any other characteristic protected by applicable federal, state or local laws.

The compensation range provided is in compliance with state specific laws. Factors that may be used to determine your actual rate of pay include your specific skills, years of experience, and other qualifications.
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