Director, Asset Liability Management (ALM)

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.

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