VP, ALM Officer

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

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GENERAL SUMMARY

The VP ALM Officer supports Cathay Bank's (the Bank) asset liability management, interest rate risk oversight, and balance sheet analytics. Reporting to the FVP - ALM Manager, this role has a key part in maintaining the Bank's ALM modeling framework, producing high‑quality analysis, and supporting strategic balance sheet decisions. The VP partners closely with Treasury, FP&A, Risk, and Finance teams to ensure accurate modeling, strong governance, and effective communication of ALM results.

ESSENTIAL FUNCTIONS

• Support the Bank's ALM framework, including modeling, forecasting, and analysis of balance sheet behavior and performance.
• Run interest rate risk simulations (EVE, NII, scenario analysis, sensitivity testing) and assist in evaluating the impact of market rate movements on earnings and capital.
• Maintain the Empyrean ALM model, including data integrity, assumption updates, documentation, and model governance activities.
• Develop and refine behavioral assumptions, prepayment models, and deposit analytics.
• Prepare ALM results, dashboards, and analytical insights for review by the FVP and presentation to ALCO and senior leadership.
• Conduct deposit analytics, including analysis of deposit betas, decay rates, and customer behavior, and support product pricing and deposit strategy.
• Support capital planning by providing ALM inputs into CCAR‑style stress testing, capital adequacy assessments, and long‑term financial planning.
• Develop multi‑scenario stress testing frameworks (liquidity, earnings, capital) and support enterprise‑wide stress testing initiatives.
• Partner with the FVP AML Manager and Treasurer on funding mix analysis, investment strategy support, hedging evaluations, and balance sheet optimization initiatives.
• Analyze the investment portfolio and reinvestment strategies to support risk‑adjusted returns and balance sheet positioning.
• Coordinate with Model Risk Management on model validations, documentation updates, and remediation activities.
• Support data quality oversight and contribute to enhancements in ALM systems, data pipelines, and reporting automation.
• Prepare ALCO materials, regulatory support schedules, and internal management reporting packages related to interest rate risk, liquidity, and balance sheet performance.
• Partner with FP&A on balance sheet forecasting, scenario analysis, and funds transfer pricing (FTP) support.
• Mentor and guide junior analysts, providing technical coaching and review of analytical work as needed.

QUALIFICATIONS

• Education: Bachelor's degree in Finance, Economics, Accounting, or a related field required. Advanced degree or professional certification (CFA, FRM, or similar) preferred.
• Experience:
  5-7 years of experience in ALM, Treasury, liquidity management, or related financial risk disciplines. Prior leadership or team management experience is a plus.
• Skills:
  
  • Understanding of asset liability management principles, interest rate risk measurement, and balance sheet analytics.
  • Strong analytical, quantitative, and financial modeling skills.
  • Familiarity with regulatory expectations related to interest rate risk, liquidity risk, and model governance.
  • Ability to communicate complex financial concepts clearly and effectively.

OTHER DETAILS

$148,700 - $175,000 / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com . This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.