IRRBB Manager

Overview

A financial services organization is seeking an IRRBB (Interest Rate Risk in the Banking Book) Manager to support financial planning, forecasting, and operational performance initiatives. This role will enhance business visibility and decision-making by partnering with executive leadership and cross-functional teams to strengthen planning processes, financial discipline, and scalable operations. The position offers the opportunity to influence enterprise performance and long-term financial strategy within a regulated financial services environment.

Location: Remote (U.S. based candidates only; no visa sponsorship available)

Compensation: $187,000 – $259,800 annually

Responsibilities

• Support vendor selection and implementation of the cash flow engine/ALM (Asset Liability Management) system
• Develop and enhance cash flow models for risk monitoring and forecasting
• Analyze interest rate risk metrics, including Net Interest Income (NII) and Economic Value of Equity (EVE), across various scenarios
• Document and support behavioral assumptions for deposit and loan products
• Collaborate with Finance and Risk teams to align modeling outputs
• Conduct scenario analysis and sensitivity testing to inform balance sheet strategy
• Ensure data integrity, model accuracy, and compliance with regulatory requirements
• Identify opportunities to improve automation and increase model sophistication

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related field; advanced degree preferred
• Minimum of 5 years of experience in bank ALM, bank Treasury, IRR modeling, or quantitative finance
• Strong understanding of bank balance sheets and cash flow drivers
• Proficiency in NII and EVE modeling
• Experience with behavioral models and assumptions related to loans and deposits
• Familiarity with ALM or cash flow engine platforms such as QRM, Empyrean, or BancWare
• Strong analytical skills with proficiency in Excel; programming skills in Python, SQL, or R are preferred

Preferred Skills and Experience

• Experience with QRM, Empyrean, BancWare
• Knowledge of bank ALM and interest rate risk modeling
• Expertise in balance sheet forecasting and cash flow engines
• Understanding of regulatory frameworks for IRRBB
• Familiarity with model validation and governance frameworks
• Experience with data analytics tools, cloud-based data storage, machine learning, data visualization, modeling software, database management systems, and risk management platforms

Benefits

• Health and wellness programs
• Flexible work arrangements
• Professional development opportunities
• Retirement savings plan options
• Collaborative and inclusive work environment

The employer is an equal opportunity organization and encourages applications from candidates who may not meet every qualification but bring valuable backgrounds and perspectives.