We’re always looking for diverse, talented, service-oriented people to join our exceptional team.
ALM AnalystThe pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for room for growth and tenure achieved in a role over time. Typical new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their unique set of knowledge, skills, education, and experience as well as internal equity.
Pay Range:
$78,419.00 - $117,628.00Scheduled Weekly Hours:
40- Assists in monitoring and reporting interest rate risk and liquidity risk exposure using Asset/Liability Management ("ALM") software under established scenarios and assumptions.
- Reviews reports and performs analysis to help identify key drivers and support the validation of results.
- Assists with running simulations and generating reports on balance sheet and various interest rate risk metrics.
- Supports the maintenance of input assumptions used in ALM models, including prepayment speeds, deposit decay rates, and deposit betas.
- Obtains, organizes and maintains data used in the ALM software’s monthly processes and assist with data reconciliation.
- Maintains ALM model account attributes and other mo[SK1.1]del inputs under established procedures.
- Supports budget and forecast processes by assisting with cash flow model execution and report preparation.
- Works closely with teammembers to support ALM analyses, reporting requirements and departmental objectives.
- Assists in the monitoring and analysis of liquidity positions, funding sources, and cash flow trends to support the Credit Union's liquidity risk management framework.
- Supports the preparation of liquidity forecasts, stress-testing analyses, and management reports used to evaluate funding adequacy under a range of operating and economic scenarios.
- Demonstrates a basic understanding of economic conditions, interest rate movements and their impact on financial institution balance sheets and profitability.
- Performs routine data mining, analysis, and reporting assignments as assigned.
- Performs other duties as assigned
- Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions.
- High School Diploma or GED required
- Bachelor's Degree in a related field or equivalent years of experience required
- 1-3 years of prior relevant experience required
- Knowledge of the following financial systems preferred: FIS BancWare, Empyrean and/or Moody’s ZM desk or Online ALM
- Basic understanding of financial principles and asset liability management (ALM)
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
- Strong analytical and problem-solving abilities, effective communication skills, and willingness to learn and adapt to new financial systems
- Familiarity with data mining and data management concepts, with the ability to write and maintain basic SQL and Snowflake queries
SchoolsFirst Federal Credit Union is committed to fostering, cultivating, and preserving a culture of diversity and inclusion. SchoolsFirst FCU is an equal opportunity employer and prohibits discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibits discrimination against all individuals based on their race, color, religion, sex, national origin, age, sexual orientation, gender identity or expression, political affiliation, or genetic information.
This organization participates in E-Verify.
Skills Required
- High School Diploma or GED
- Bachelor's degree in a related field or equivalent years of experience
- 1-3 years of prior relevant experience
- Knowledge of FIS BancWare, Empyrean, Moody's ZM desk, or Online ALM
- Basic understanding of financial principles and asset liability management
- Proficiency in Microsoft Office Suite, including Excel, Word, and PowerPoint
- Strong analytical and problem-solving abilities
- Effective communication skills
- Willingness to learn and adapt to new financial systems
- Familiarity with data mining and data management concepts
- Ability to write and maintain basic SQL and Snowflake queries
SchoolsFirst FCU Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about SchoolsFirst FCU and has not been reviewed or approved by SchoolsFirst FCU.
-
Healthcare Strength — Employer-paid medical, dental, and vision coverage for employees and families is prominently featured and stands out as a core element of total rewards. Additional protections like life and disability insurance reinforce confidence in the benefits package.
-
Retirement Support — A strong employer 401(k) match with clear vesting, combined with financial wellness resources, signals meaningful long-term support. Retirement offerings are positioned as a key differentiator within total compensation.
-
Leave & Time Off Breadth — Generous PTO from the start, paid holidays, and options like PTO cash-out plus special leave days broaden time-off flexibility. Time-away benefits are emphasized as an important component of overall value.
SchoolsFirst FCU Insights
What We Do
Since our founding in 1934, we have been singularly focused on one thing: providing World-Class Personal Service and financial security to California school employees and their families. This isn't just something we say — everything we do, every decision we make, is with an unwavering commitment to serving the best interests of Members. Although we offer products and services similar to other financial institutions, our structure and culture are vastly different. Banks are for profit, while credit unions are Member-owned financial cooperatives, meaning our excess earnings are returned to our Members in the form of lower rates on loans, higher rates on savings, low-to-no fees, and many complimentary services. We take to heart the "people helping people" philosophy, the principle on which credit unions were founded. We pledge ourselves to this idea through our steadfast dedication to Member service and actively supporting the communities we serve through events, donations, scholarships, and financial literacy programs. Today, we're the largest credit union serving school employees, and the largest in California with more than 1.5 million Members and more than $36 billion in assets. Our financial stability can be attributed to one thing: continually providing our Members with World-Class Personal Service to help them better their financial lives.
