At Vibe, we are driven by our mission to elevate community and create opportunity. We believe in fostering an environment of inclusivity where every team member has the chance to grow professionally. Guided by our core values - be inclusive, educate, embrace change, and seek opportunities - we are dedicated to making a positive impact in the lives of our members and communities. As we continue to grow and expand our team, we are seeking passionate individuals who share our vision and are eager to join us in our journey. If you are someone who is passionate about making a difference and is committed to creating a brighter future for our communities, we invite you to explore this exciting opportunity at Vibe!
The Asset Liability Analyst will be responsible for overseeing the implementation and management of day-to-day activities necessary to model and monitor the risks related to the Credit Union's balance sheet, including but not limited to, Interest Rate Risk, Liquidity Risk, and Investments. They will partner with the CFO and leadership to develop and execute balance sheet strategies for the organization.
Oversee the development of programs, partnerships, and/or models that evaluate Asset/Liability strategy
Optimizing assets, liabilities and capital to improve financial health and achieve strategic objectives
Monitoring key risk measures that impact regulatory and non-regulatory IRR stress metrics
Managing the quarterly measurement and reporting of regulatory NEV and NII analysis
Managing NII calculations and supporting the budget forecasting process
Managing ad-hoc NEV and NII analysis for new products, projects and opportunities for risk management
Ensuring the integrity of ALM model assumptions, calculations and documentation
Monitors and reports on interest rate risk and liquidity risk
Management of funding and liquidity management activities
Monitor and manage contingency funding needs and collateral pledged for borrowing capacity
Management of the investment portfolio activities
Conduct monthly ALCO meetings and participate as an active member of the Pricing Committee
Consult with third parties to develop and measure derivative hedging strategies
Ensures procedures and policies are accurate and compliant, as well as for adherence.
Interacting with external parties like software vendors, model validation consultants, FHLB and broker dealers
Perform other duties as assigned.
Education/Experience
Bachelor's degree in finance, accounting, business, or related field
3 to 5 years of financial industry experience
Working knowledge of the credit union / banking industry as it pertains to balance sheet forecasting, profitability, core product lines, fixed income, and asset liability management
High Level understanding theory of Finance concepts, Net Present Value, Investments, Excel, Balance sheets, income statements, cash flows and fixed assets
Skills/Abilities
Knowledge of financial risk concepts and asset liability modeling
In-depth knowledge of treasury systems, products, risk characteristics and terminology proficiency in risk analysis systems and methods
Excellent time management and problem-solving abilities.
Highly proficient in Microsoft Excel, working knowledge of Microsoft Word and PowerPoint.
Must be able to work independently as well as lead to desired credit union results.
Must have strong technical capacity and thoroughness.
Comfortable learning and adapting to new systems, processes, and change.
Excellent written and oral communication skills required.
Presents a positive and professional image to members through effective and courteous verbal and written communications.
Courtesy, tact, and diplomacy are essential elements of the job. Work involves personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.
Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions.
- Ability to be mindfully flexible and willing to go with the flow.
- Ability to deal with difficult concepts and complex variables.
- Ability to interpret data, and assess patterns of members' behavior across accounts to determine acts of improper dishonesty or fraudulent activity
Physical Requirements
These physical demands are representative of the physical requirements necessary for an employee to successfully perform the essential functions of the position. Reasonable accommodations can be made to enable people with disabilities to perform the described essential functions of the position. While performing the responsibilities of the job, the employee is required to hear, see, talk, stand, walk, stoop, kneel, lift, push, pull, and grasp.
