VP, ALM Officer

VP ALM Officer

The VP ALM Officer supports Cathay Bank's 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).