Treasury Analyst I

Hiring Range: $24.56-$39.48. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information. We are seeking an entry-level Treasury Analyst to join our Asset Liability Management (ALM) team. The Analyst will support the team’s interest rate risk measurement and management functions, gaining exposure to ALM modeling, capital analysis, and the Bank’s broader finance operations. This is an excellent opportunity for a recent graduate with a strong interest in bank finance and financial modeling to grow within a collaborative, high-performing team. This hybrid position has the opportunity to work at either our corporate headquarters in Boston’s financial district or our Finance & Operations center in Wakefield. Responsibilities Support the ALM team in running monthly interest rate risk simulations, including net income at risk and economic value at risk analysis under various rate scenarios. Develop familiarity with parallel and non-parallel yield curve shift modeling over time. Assist with ALM assumption development, model documentation, and model maintenance and enhancement initiatives under the guidance of senior team members. Support comprehensive model back-testing and performance monitoring activities to help enhance model accuracy and effectiveness. Support the production of regular and ad hoc reporting and analysis for the Bank’s ALCO process, including topics such as balance sheet dynamics, net interest margin trends, and ALM risks. Support the Funds Transfer Pricing (FTP) framework, including assumption development, documentation, and ongoing model maintenance, under the direction of senior team members. Problem Solving & Decision Making This position will report to the AVP, Treasury Analyst III. As an entry-level role, the incumbent will work under close supervision and receive regular direction from more senior team members. The role is well-suited for a recent graduate who is eager to learn, analytical, and detail-oriented. Over time, the analyst will be expected to take increasing ownership of assigned processes and contribute independently to the team’s goals. Education and Experience Bachelor’s degree, preferably in Finance, Economics, or Accounting 0-3 years of relevant experience Foundational understanding of finance, accounting, and financial markets; coursework or internship experience in a related field preferred Basic familiarity with fixed income, financial markets, and/or banking concepts; interest in developing deeper expertise in ALM and interest rate risk Proficiency in Microsoft Excel; familiarity with Power BI or PowerQuery a plus Comfort and proficiency using AI tools (e.g. ChatGPT, Claude, Copilot) to enhance research, analysis, and productivity; ability to apply AI thoughtfully in a professional context Excellent oral and written communication skills Strong attention to detail and strong quantitative skills Self-motivated and the ability to work independently as well as on a team Skills/Knowledge Foundational understanding of finance, accounting, and financial markets; coursework or internship experience in a related field preferred Basic familiarity with fixed income, financial markets, and/or banking concepts; interest in developing deeper expertise in ALM and interest rate riskProficiency in Microsoft Excel; familiarity with Power BI or PowerQuery a plus Comfort and proficiency using AI tools (e.g. ChatGPT, Claude, Copilot) to enhance research, analysis, and productivity; ability to apply AI thoughtfully in a professional context Excellent oral and written communication skills Strong attention to detail and strong quantitative skills Self-motivated and the ability to work independently as well as on a team Eastern Bank is an equal opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability. #J-18808-Ljbffr