SF Fire Credit Union
Director, Asset Liability Management (ALM)
SF Fire Credit Union, San Francisco, California, United States, 94199
Director, Asset Liability Management (ALM)
Join to apply for the
Director, Asset Liability Management (ALM)
role at
SF Fire Credit Union .
Where it all began In 1951 SF Fire Credit Union first opened its doors from a modest 10′ × 15′ office space in 17 Engine. It was from those humble beginnings—where everyone pitched in to help one another in their community—that the organization forged its way of business forever. Today, the San Francisco-based credit union has grown to $1.7B in assets and a membership that extends from the regional firefighters we trace our roots back to throughout our many neighbors in San Francisco, San Mateo and Marin Counties. Our members benefit from the ideas and principles that have shaped us: Shared trust, continuous innovation of products and services, competitive rates, and excellent member service. These qualities foster a true sense of member-ownership and strengthen the credit union’s bond with the people for whom this credit union was created.
What we stand for There are a few things we look for at SF Fire Credit Union, regardless of role or team. First, do they align with our values?
Be Personal – Walk the Member/Employee Path
Be a Leader – Empower, Collaborate, Own
Be Outside the Box – Innovate, Educate, Engage
Be Real – Integrity and Transparency Matter
Be the Connection – Serve our Community
Second, will they thrive in a culture like ours, where we default to trust, embrace feedback, and desire to innovate? Finally, do they share our vision to help empower members to accomplish their dreams and build lasting financial security in whatever way is most relevant to their role?
What it feels like Most days it feels more like going to work with a big family. Whether it’s a potluck lunch, baking birthday cakes for colleagues in the kitchen, or after‑hours get together, we’re here to do a great job and have a good time while doing it! We value a good sense of humor, are motivated by a higher purpose, and always bring an “in‑this‑together” attitude. While we’re driven to do great work, we also value real work/life balance.
Is This the Career for You? Within Treasury and broader Finance organization, the Director, ALM is responsible for analyzing, modeling, and reporting related to interest rate risk and the overall asset liability‑management function for the institution. The person will also assist in managing the investment portfolio. Furthermore, this role interacts with all the various business lines to understand and forecast revenues.
Responsibilities
Model and evaluate scenarios to guide earnings, capital, liquidity, and interest rate risk strategies
Develop strategies that optimize the balance sheet to meet the credit union’s long‑term objectives
Evaluate the accuracy of model output, analyze results, and develop informative, accurate, and insightful reporting for various management committees and the Board of Directors
Own, manage, and continuously improve the ALM model by refining assumptions and designing large customer behavior data studies to inform model development
Participate in management of liquidity risk, interest rate risk, investments, and funding of the balance sheet
Support capital market activities
Assist with regulatory compliance, which includes capital and liquidity stress testing, responsible for developing and monitoring capital and liquidity metrics
Plan and execute asset and liability management and related hedging strategies
Interpret financial data relative to current financial developments/trends
Assist in the management of the fixed‑income investment portfolio, including due diligence, analysis, documentation, safekeeping, and pledging
Perform other duties and functions as needed, and interact with various levels within the organization
Qualifications
8+ years of progressive experience working in Asset Liability Management at a financial institution
5+ years of experience in quantitative modeling
5+ years of experience with programming languages
3+ years of experience working with QRM, Empyrean, or equivalent
Bachelor’s degree in quantitative field, MBA or CFA preferred
Analytical mindset with a high degree of technical acumen
Solid understanding of accounting, valuation analysis, and bank regulation
Extensive knowledge and experience with financial instruments, balance sheet optimization, FTP, and liquidity modeling
Subject matter expert (SME) in QRM, Empyrean, ZMdesk, or equivalent. Empyrean highly preferred.
Strong knowledge of econometric modeling related to IRR, fixed income, prepayments, and deposits with preference for experience with SAS or R
Highly proficient with SQL, VBA, or Python and relational databases
Extensive experience building data visualization tools
Self‑starter with ability to work independently on multiple workstreams
Strong project‑management skills required
Excellent verbal and written communication skills
Required Competencies
Customer Focus – Dedicated to meeting the expectations of internal and external customers
Approachability – Easy to approach and talk to; spends extra effort to put others at ease
Peer Relationships – Seen as a team player and is cooperative
Decision Quality – Makes good decisions based upon a mixture of analysis, experience and judgment
Problem Solving – Uses rigorous logic to solve difficult problems with effective solutions
Drive for Results – Steadfastly pushes self and others for results
Interpersonal Savvy – Relates well to all kinds of people; builds constructive and effective relationships
Integrity and Trust – Widely trusted; seen as a direct truthful individual
Listening – Practices attentive and active listening; has the patience to hear people outAction Oriented – Full of energy for things he/she sees as challenging, not fearful of acting
Personal Learning – Seeks feedback; displays a high level of curiosity and translates it into new approaches to problem solving
Creativity – Challenges conventional practices in a constructive manner
Salary This compensation range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. At SFFCU, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range for the
San Francisco Market
is an annual salary of $118,000 to $180,000.
Benefits
401(k) and Employer Match
Health, Vision, Dental and Life Insurance
Annual Incentive/Bonus Program
Tuition Reimbursement Program
11 Paid Holidays + Competitive PTO package
Home & Consumer Loan Program (Discounted Rates)
Professional development and training programs
On‑demand personal coaching resource
Wellness Program (Discounted Gym Membership)
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
#J-18808-Ljbffr
Director, Asset Liability Management (ALM)
role at
SF Fire Credit Union .
Where it all began In 1951 SF Fire Credit Union first opened its doors from a modest 10′ × 15′ office space in 17 Engine. It was from those humble beginnings—where everyone pitched in to help one another in their community—that the organization forged its way of business forever. Today, the San Francisco-based credit union has grown to $1.7B in assets and a membership that extends from the regional firefighters we trace our roots back to throughout our many neighbors in San Francisco, San Mateo and Marin Counties. Our members benefit from the ideas and principles that have shaped us: Shared trust, continuous innovation of products and services, competitive rates, and excellent member service. These qualities foster a true sense of member-ownership and strengthen the credit union’s bond with the people for whom this credit union was created.
What we stand for There are a few things we look for at SF Fire Credit Union, regardless of role or team. First, do they align with our values?
Be Personal – Walk the Member/Employee Path
Be a Leader – Empower, Collaborate, Own
Be Outside the Box – Innovate, Educate, Engage
Be Real – Integrity and Transparency Matter
Be the Connection – Serve our Community
Second, will they thrive in a culture like ours, where we default to trust, embrace feedback, and desire to innovate? Finally, do they share our vision to help empower members to accomplish their dreams and build lasting financial security in whatever way is most relevant to their role?
What it feels like Most days it feels more like going to work with a big family. Whether it’s a potluck lunch, baking birthday cakes for colleagues in the kitchen, or after‑hours get together, we’re here to do a great job and have a good time while doing it! We value a good sense of humor, are motivated by a higher purpose, and always bring an “in‑this‑together” attitude. While we’re driven to do great work, we also value real work/life balance.
Is This the Career for You? Within Treasury and broader Finance organization, the Director, ALM is responsible for analyzing, modeling, and reporting related to interest rate risk and the overall asset liability‑management function for the institution. The person will also assist in managing the investment portfolio. Furthermore, this role interacts with all the various business lines to understand and forecast revenues.
Responsibilities
Model and evaluate scenarios to guide earnings, capital, liquidity, and interest rate risk strategies
Develop strategies that optimize the balance sheet to meet the credit union’s long‑term objectives
Evaluate the accuracy of model output, analyze results, and develop informative, accurate, and insightful reporting for various management committees and the Board of Directors
Own, manage, and continuously improve the ALM model by refining assumptions and designing large customer behavior data studies to inform model development
Participate in management of liquidity risk, interest rate risk, investments, and funding of the balance sheet
Support capital market activities
Assist with regulatory compliance, which includes capital and liquidity stress testing, responsible for developing and monitoring capital and liquidity metrics
Plan and execute asset and liability management and related hedging strategies
Interpret financial data relative to current financial developments/trends
Assist in the management of the fixed‑income investment portfolio, including due diligence, analysis, documentation, safekeeping, and pledging
Perform other duties and functions as needed, and interact with various levels within the organization
Qualifications
8+ years of progressive experience working in Asset Liability Management at a financial institution
5+ years of experience in quantitative modeling
5+ years of experience with programming languages
3+ years of experience working with QRM, Empyrean, or equivalent
Bachelor’s degree in quantitative field, MBA or CFA preferred
Analytical mindset with a high degree of technical acumen
Solid understanding of accounting, valuation analysis, and bank regulation
Extensive knowledge and experience with financial instruments, balance sheet optimization, FTP, and liquidity modeling
Subject matter expert (SME) in QRM, Empyrean, ZMdesk, or equivalent. Empyrean highly preferred.
Strong knowledge of econometric modeling related to IRR, fixed income, prepayments, and deposits with preference for experience with SAS or R
Highly proficient with SQL, VBA, or Python and relational databases
Extensive experience building data visualization tools
Self‑starter with ability to work independently on multiple workstreams
Strong project‑management skills required
Excellent verbal and written communication skills
Required Competencies
Customer Focus – Dedicated to meeting the expectations of internal and external customers
Approachability – Easy to approach and talk to; spends extra effort to put others at ease
Peer Relationships – Seen as a team player and is cooperative
Decision Quality – Makes good decisions based upon a mixture of analysis, experience and judgment
Problem Solving – Uses rigorous logic to solve difficult problems with effective solutions
Drive for Results – Steadfastly pushes self and others for results
Interpersonal Savvy – Relates well to all kinds of people; builds constructive and effective relationships
Integrity and Trust – Widely trusted; seen as a direct truthful individual
Listening – Practices attentive and active listening; has the patience to hear people outAction Oriented – Full of energy for things he/she sees as challenging, not fearful of acting
Personal Learning – Seeks feedback; displays a high level of curiosity and translates it into new approaches to problem solving
Creativity – Challenges conventional practices in a constructive manner
Salary This compensation range takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. At SFFCU, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range for the
San Francisco Market
is an annual salary of $118,000 to $180,000.
Benefits
401(k) and Employer Match
Health, Vision, Dental and Life Insurance
Annual Incentive/Bonus Program
Tuition Reimbursement Program
11 Paid Holidays + Competitive PTO package
Home & Consumer Loan Program (Discounted Rates)
Professional development and training programs
On‑demand personal coaching resource
Wellness Program (Discounted Gym Membership)
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
#J-18808-Ljbffr