Senior Asset Liability Analyst
United Nations Federal Credit Union

New York, New York

This job has expired.


Why join this team

Responsible for the identification, measurement, and monitoring of risk exposures related to the organization's financial performance. Maintain the interest rate and liquidity risk measurement and income forecasting process using a sophisticated balance sheet management system.

This position is expected to be hybrid. Due to the nature of our business in New York City, please note that UNFCU will require that you show current proof of COVID-19 vaccination upon acceptance of employment.

NYC Salary Range - $92,300 - $125,000 annually; compensation is commensurate to geographic location.

What you'll do

  • Provide critical analysis of modeling results for purposes of internal validation and explaining risk positions to management.
  • Execute the derivation, implementation, and reporting of new risk metrics.
  • Ensure the integrity of the Asset/Liability Management Model's database and assumptions, and control for the quality and accuracy of various financial reports, including interest rate risk management reports and the financial performance forecast.
  • Maintain and update the ALM model parameters, organizational chart of accounts, model yield curves, and rates for all rate shock/ramp scenarios.
  • Compile market data for use in the Asset/Liability Management system.
  • Develop and analyze assumptions for balance sheet and statement of earnings in order to provide earning expectations and management strategies.
  • Analyze behavior assumptions associated with non-maturity instruments, mortgage prepayments, and other financial instruments. Maintain and enhance prepayment and core deposit decay assumptions.
  • Maintain ALM account attributes and operating procedures manual; document changes to the model.
  • Run ad-hoc "what if" scenarios.
  • Conduct model benchmarking and back-testing of key model assumptions.
  • Develop liquidity analyses of sources and uses of funding to ensure adequate through normal and contingency scenarios.
What we're seeking
  • Bachelor's degree in finance and 5 years of banking or credit experience running ALM software in similar analytical assignments
  • Strong prior experience with Asset-Liability Management, interest rate risk measurement and the modeling of fixed income instruments such as Federal Agencies, MBS/CMO, States and Municipals, and Structured Bank Notes
  • Minimum of 2-3 years running ALM software, creating both deterministic and stochastically generated forecasts (e.g., utilizing ZM Financial, QRM, Bancware or other ALM Software)
  • Knowledge of finance and capital markets
  • High degree of proficiency utilizing Bloomberg, Excel, PowerPoint, and database management
  • Data analysis and data management skills
  • Strong analytical, quantitative, and communication skills
  • Ability to manage relationships at all levels throughout the organization
What makes you stand out
  • CFA designation or enrollment in the CFA program preferred
Who we are

UNFCU is a global not-for-profit financial institution that serves the UN community. We are committed to providing peace of mind to our members and colleagues and strive to achieve service excellence in all that we do. The best part of UNFCU is the people. Those that choose to work with us often find personal fulfillment, professional growth and a purposeful culture.


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