In this role, you lead the monitoring and strategic assessment of interest rate risk within the credit union. Develop and oversee models, analyses, and reports that drive risk management decisions and strategic initiatives. Collaborate with senior leadership and cross-functional teams to ensure risks are effectively managed and risk mitigation opportunities to support the organization's overall strategy while remaining within its risk appetite thresholds.
Responsibilities
- Lead the development and execution of the liquidity and interest rate risk management program, ensuring alignment with the credit union's strategic goals and growth objectives.
- Provide strategic guidance and collaborate with the Asset Liability Management (ALM) team to optimize risk-adjusted returns while remaining within the enterprise risk appetite thresholds and maintaining policy compliance.
- Create and present comprehensive reports and strategic recommendations to senior leadership, governance committees, and the board of directors, supporting informed decision-making and risk mitigation strategies.
- Evaluate and provide expert insights on balance sheet management activities, including derivatives transactions, to enhance financial stability and strategic positioning.
- Drive capital planning and stress testing activities, leveraging advanced analytical techniques to inform the organization's strategic plans.
- Lead pre-purchase reviews of non-governmental securities in coordination with the credit risk team, ensuring investment decisions are strategically aligned and risk managed.
- Oversee the review of investment, derivative, and concentration reporting to ensure compliance with policy and standards and provide strategic insights for risk management.
Education:
- Bachlors Degree - Accounting, Finance, Economics, Statistics or Related - Minimum
- Graduate Degree - Accounting, Finance, Economics, Statistics or Related - Preferred
Years of Experience:
- 3 years - Finance, accounting or related - Minimum
- 3 years - Interest Rate Risk, Asset Liability Management or Related - Preferred
In Lieu of Education:
- 6 years - Finance, Accounting or Related
License/Certifications/Training:
- CFA - 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.
What the Team is Saying
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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.
