In this role, you will support the monitoring and reporting of liquidity risk and interest rate risk within the credit union. Assist in the development of models, analyses, and reports that inform risk management decisions. Work with various teams across the organization to ensure that risks are accurately assessed and communicated to relevant stakeholders.
Responsibilities
- Support the development and refinement of the liquidity and interest rate risk management program to align with the credit union's strategic goals and growth objectives.
- Collaborate with the Asset Liability Management (ALM) team to provide insights that inform the estimation and management of interest-rate risk and other asset/liability exposures, focusing on optimizing risk-adjusted returns while operating within policy limits.
- Contribute to the creation of reports and presentations that not only communicate financial performance and risks but also offer strategic recommendations to internal teams and governance committees, driving informed decision-making.
- Assist in the evaluation of balance sheet management activities, including derivatives transactions, with an eye towards enhancing the credit union's financial stability and growth potential.
- Contribute to capital planning and stress testing activities under the guidance of senior team members.
- Participate in pre-purchase reviews of non-governmental securities in coordination with the credit risk team, ensuring that investment decisions align with broader strategic objectives.
- Assist in reviewing investment, derivative, and concentration reporting generated by accounting to ensure compliance with policy and standards.
Education:
- Bachlors Degree - Finance, Economics, Statistics or Related - Minimum
Years of Experience:
- 1 year - Finance, Accounting or Related - Minimum
- 1 year - Market liquidity, interest rate risk or related - Preferred
In Lieu of Education:
- 4 years - Finance, Accounting or Related
License/Certifications/Training:
- CFA Candidate - Preferred
You will benefit from:
- Competitive medical, dental, and free vision benefits
- Paid parental leave
- Competitive compensation plan
- Gym memberships discounts
- Generous PTO and banking holidays off
- Tuition reimbursement
- 401k with immediate employer match and vesting
Adhere to and ensure compliance of all business transactions with policy and process of the Bank Secrecy Act. Ensures compliance with all applicable state and federal laws, company procedures and policies. Maintains integrity and ethics in all actions and conversations with or regarding credit union members and their accounts; complies with Privacy Act directives.
The responsibilities listed do not contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this position. Duties, responsibilities and activities may change at any time with or without notice.
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What We Do
Alliant is unlike any other financial institution — a digital credit union that wows our members. We’re boldly disrupting banking norms to do good for our members, employees and communities.
With over 85 years of history and more than $19 billion in assets, Alliant Credit Union is the largest credit union in Illinois and one of the largest in the U.S.
Our industry-leading financial products, seamless digital experiences and exceptional customer service make banking simpler for our 800,000+ members.
Fully digital, fully human and full of possibility, we work to provide our members with experiences that redefine the financial industry, challenge the status quo and unleash brilliance.
Why Work With Us
Our employees enjoy a hybrid schedule, allowing for flexible remote work and purpose-driven, outcome-focused onsite opportunities. Driven by Alliant's guiding principles and values, employees across all teams build together to provide our members with industry-leading financial products, seamless digital experiences & exceptional customer service.
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Alliant Credit Union Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Alliant offers a purpose-driven, outcome-focused hybrid workplace model.
