Director Asset Liability
Columbia Bank (WA, OR & ID), Phoenix, AZ, United States
Asset Liability Management Leader
Reporting to the Treasurer, leads the Bank's Asset Liability Management (ALM) functions, ensuring optimal balance sheet structure and performance. Oversees the Bank's interest rate risk in alignment with corporate objectives, risk appetite, and regulatory requirements. Provides strategic direction, policy oversight, and leadership to the ALM team. Leads enterprise balance sheet strategy by partnering across Treasury, Finance, Risk, and business lines to optimize net interest income and economic value outcomes across multiple interest-rate and liquidity environments. Establishes and maintains governance for ALM models, key behavioral assumptions (e.g., deposit betas, prepayments), stress testing, and management reporting to support timely decision-making. Serves as a key advisor to the Treasurer and ALCO on interest rate risk in the banking book (IRRBB), liquidity positioning, funding strategy, and capital considerations, and supports regulatory examinations and internal/external audit activities. About the Role: Develops and executes the enterprise ALM strategy, including interest rate risk (IRRBB) management and balance sheet optimization. Leads the development, review, and maintenance of ALM/IRRBB and liquidity risk governance, including policies, procedures, limits, controls, and management reporting. Oversees ALM modeling and analytics for net interest income (NII) and net interest margin forecasting, economic value of equity (EVE) analysis, and scenario and sensitivity analysis across multiple interest-rate environments. Partners with Finance, Risk, Treasury, and business leaders to align ALM strategy with financial plans, product pricing, deposit strategy, and broader balance sheet objectives. Presents ALM strategy, risk metrics, and recommendations to the Asset Liability Committee (ALCO) and senior management; serves as a subject matter expert on IRRBB, liquidity, and balance sheet dynamics. Establishes and governs key ALM model assumptions and methodologies (e.g., deposit behaviors, decay, betas, loan prepayment, optionality), including periodic back-testing and performance monitoring. Leads stress testing and contingency analytics related to interest rate and liquidity risk, including early warning indicators, limit monitoring, and escalation protocols. Provides decision support for hedging and balance sheet positioning, including evaluation of alternatives, effectiveness considerations, and coordination with Finance/Accounting as applicable. Oversees model risk management activities for ALM tools and processes, including documentation, validation support, issue remediation, and audit/exam readiness. Coaches, mentors, and develops team members; sets performance expectations and fosters a culture of risk ownership, continuous improvement, and strong controls. About You: Bachelor's Degree or advanced degree or significant relevant experience in Accounting, Business Administration, Finance, Economics, or related field (Required) MBA, CFA or similar designation (preferred) 10+ years progressive experience in ALM or related treasury functions. (required) 5+ years, leadership experience managing teams and strategic initiatives. (required) Expertise in interest rate risk modeling and strong working knowledge of the different areas of Corporate Treasury. Advanced understanding of ALM frameworks, balance sheet optimization strategies, and macroeconomic analysis. Strong analytical skills with experience in scenario analysis, stress testing, and financial modeling, including statistical concepts. Proficiency with ALM analytics platforms and financial systems (e.g., Empyrean, QRM, BancWare, Bloomberg). Experience with accounting, including GAAP and regulatory reporting. Familiarity with data visualization tools (e.g., Power BI, Tableau, SAP). Skilled in policy development, governance, and control frameworks for treasury and ALM functions. Ability to solve complex, companywide problems using creativity, innovation, and diplomacy. Ability to manage vendor relationships and evaluate external ALM managers or service providers. Strong leadership and team development capabilities. Excellent written and verbal communication skills, including presenting to senior executives. Proven ability to collaborate across departments including Finance, Risk, Accounting, and Retail and Commercial Banking teams. Chartered Financial Analyst (CFA) or similar designation. (preferred) The pay range for this role is $140,000.00 to $200,000.00. The pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation, and those details will be provided during the recruitment process. Primary Location: Ability to work fully onsite at posted location(s). 10201 S 51st Street Phoenix AZ 85044 Our Benefits: We are proud to offer a competitive total rewards package including base wages and comprehensive benefits. We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly. Our Commitment to Diversity: Columbia Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics. If you require an accommodation to complete the application or interview(s), please let us know by email: careers@columbiabank.com. To Staffing and Recruiting Agencies: Our posted job opportunities are only intended for individuals seeking employment at Columbia Bank. Columbia Bank does not accept unsolicited resumes or applications from agencies and Columbia Bank will not be responsible for any fees related to unsolicited resume submissions. Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Columbia Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.
Reporting to the Treasurer, leads the Bank's Asset Liability Management (ALM) functions, ensuring optimal balance sheet structure and performance. Oversees the Bank's interest rate risk in alignment with corporate objectives, risk appetite, and regulatory requirements. Provides strategic direction, policy oversight, and leadership to the ALM team. Leads enterprise balance sheet strategy by partnering across Treasury, Finance, Risk, and business lines to optimize net interest income and economic value outcomes across multiple interest-rate and liquidity environments. Establishes and maintains governance for ALM models, key behavioral assumptions (e.g., deposit betas, prepayments), stress testing, and management reporting to support timely decision-making. Serves as a key advisor to the Treasurer and ALCO on interest rate risk in the banking book (IRRBB), liquidity positioning, funding strategy, and capital considerations, and supports regulatory examinations and internal/external audit activities. About the Role: Develops and executes the enterprise ALM strategy, including interest rate risk (IRRBB) management and balance sheet optimization. Leads the development, review, and maintenance of ALM/IRRBB and liquidity risk governance, including policies, procedures, limits, controls, and management reporting. Oversees ALM modeling and analytics for net interest income (NII) and net interest margin forecasting, economic value of equity (EVE) analysis, and scenario and sensitivity analysis across multiple interest-rate environments. Partners with Finance, Risk, Treasury, and business leaders to align ALM strategy with financial plans, product pricing, deposit strategy, and broader balance sheet objectives. Presents ALM strategy, risk metrics, and recommendations to the Asset Liability Committee (ALCO) and senior management; serves as a subject matter expert on IRRBB, liquidity, and balance sheet dynamics. Establishes and governs key ALM model assumptions and methodologies (e.g., deposit behaviors, decay, betas, loan prepayment, optionality), including periodic back-testing and performance monitoring. Leads stress testing and contingency analytics related to interest rate and liquidity risk, including early warning indicators, limit monitoring, and escalation protocols. Provides decision support for hedging and balance sheet positioning, including evaluation of alternatives, effectiveness considerations, and coordination with Finance/Accounting as applicable. Oversees model risk management activities for ALM tools and processes, including documentation, validation support, issue remediation, and audit/exam readiness. Coaches, mentors, and develops team members; sets performance expectations and fosters a culture of risk ownership, continuous improvement, and strong controls. About You: Bachelor's Degree or advanced degree or significant relevant experience in Accounting, Business Administration, Finance, Economics, or related field (Required) MBA, CFA or similar designation (preferred) 10+ years progressive experience in ALM or related treasury functions. (required) 5+ years, leadership experience managing teams and strategic initiatives. (required) Expertise in interest rate risk modeling and strong working knowledge of the different areas of Corporate Treasury. Advanced understanding of ALM frameworks, balance sheet optimization strategies, and macroeconomic analysis. Strong analytical skills with experience in scenario analysis, stress testing, and financial modeling, including statistical concepts. Proficiency with ALM analytics platforms and financial systems (e.g., Empyrean, QRM, BancWare, Bloomberg). Experience with accounting, including GAAP and regulatory reporting. Familiarity with data visualization tools (e.g., Power BI, Tableau, SAP). Skilled in policy development, governance, and control frameworks for treasury and ALM functions. Ability to solve complex, companywide problems using creativity, innovation, and diplomacy. Ability to manage vendor relationships and evaluate external ALM managers or service providers. Strong leadership and team development capabilities. Excellent written and verbal communication skills, including presenting to senior executives. Proven ability to collaborate across departments including Finance, Risk, Accounting, and Retail and Commercial Banking teams. Chartered Financial Analyst (CFA) or similar designation. (preferred) The pay range for this role is $140,000.00 to $200,000.00. The pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation, and those details will be provided during the recruitment process. Primary Location: Ability to work fully onsite at posted location(s). 10201 S 51st Street Phoenix AZ 85044 Our Benefits: We are proud to offer a competitive total rewards package including base wages and comprehensive benefits. We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly. Our Commitment to Diversity: Columbia Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics. If you require an accommodation to complete the application or interview(s), please let us know by email: careers@columbiabank.com. To Staffing and Recruiting Agencies: Our posted job opportunities are only intended for individuals seeking employment at Columbia Bank. Columbia Bank does not accept unsolicited resumes or applications from agencies and Columbia Bank will not be responsible for any fees related to unsolicited resume submissions. Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Columbia Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.