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Asset Liability Management Associate Jobs (NOW HIRING)

Asset Liability Management The Asset Liability Management role leads a multi-disciplinary asset ... We equip our associates with future-focused skills and AI tools that enable us to advance our ...

Asset Liability Management The Asset Liability Management role leads a multi-disciplinary asset ... We equip our associates with future-focused skills and AI tools that enable us to advance our ...

Asset Liability Management The Asset Liability Management role leads a multi-disciplinary asset ... We equip our associates with future-focused skills and AI tools that enable us to advance our ...

Asset Liability Management The Asset Liability Management role leads a multi-disciplinary asset ... We equip our associates with future-focused skills and AI tools that enable us to advance our ...

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Asset Liability Management Associate information

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How much do asset liability management associate jobs pay per year?

As of Sep 10, 2026, the average yearly pay for asset liability management associate in the United States is $134,221.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,000.00 and $169,500.00 per year, depending on experience, location, and employer.

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Infographic showing various Asset Liability Management Associate job openings in the United States as of June 2026, with employment types broken down into 68% Full Time, 9% Part Time, and 23% Contract. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $134,221 per year, or $64.5 per hour.

Manager, Asset Liability Management

Indianapolis, IN • On-site

First Merchants Bank
Finance and Insurance • 1 - 5K employees

Full-time

Re-posted 18 days ago


Key responsibilities

  • Oversee the design, development, deployment, and governance of financial, statistical, asset liability management, and capital stress testing models.

  • Lead interest rate risk measurement activities, including EVE, NII simulations, scenario analysis, and sensitivity testing, and assess the impact of market rate movements on earnings and capital.

  • Support the annual strategic planning and budgeting process through financial forecasting of key metrics such as net interest income, balance sheet growth, and operating expenses.


First Merchants Bank rating

7.8

Company rating: 7.8 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

90th of 176 rated banks


Job description

Job Summary:

Oversee the design, development, deployment, and governance of financial, statistical, asset liability management, and capital stress testing models to support balance sheet management, capital planning, strategic decision-making, and regulatory reporting for presentation to the Board of Directors, Asset Liability Committee (ALCO), treasury management, shareholders, regulators, and other stakeholders.

Essential Duties and Responsibilities:

  • Own the asset and liability modeling process including:
    • Lead interest rate risk measurement activities, including EVE, NII simulations, scenario analysis, and sensitivity testing, and assess the impact of market rate movements on earnings and capital.
    • Ensure the asset liability model (ALM) parameters, model upgrades, chart of accounts, and other model assumptions are maintained and updated.
    • Ensure the ALM results are reasonable based on the rate environment.
    • Recommend alternatives to the Corporate Treasurer and participate in decisions regarding balance sheet and interest rate model strategies.
  • Support the annual strategic planning and budgeting process through financial forecasting of net interest income, net interest margin, balance sheet growth, non-interest income, and operating expenses.
  • Lead the development, execution, and documentation of the Bank's capital stress testing framework, including baseline, adverse, and severely adverse economic scenarios used to evaluate capital adequacy, earnings performance, and balance sheet resilience.
  • Use mathematics and statistics to measure, model, and predict customer deposit and loan behaviors to support pricing and product decisions.
  • Perform ad-hoc research across a variety of deposit and loan data sets.
  • Oversee model governance activities, including model documentation, assumption reviews, internal and external model validations, regulatory examinations, audit requests, and remediation efforts.
  • Assist in the preparation and review of management reporting packages, including ALCO reporting, stress testing results, interest rate risk reporting, capital planning analyses, and strategic recommendations.
  • Supervise and develop the Financial Modeling Specialist by providing leadership, direction, technical oversight, training, and performance management while ensuring the quality and timeliness of departmental deliverables.
  • Perform other duties and special projects as assigned.

Required Qualifications:

  • Bachelor’s degree in business, finance, economics, mathematics, or related.
  • A minimum of seven (7) years of financial modeling or related experience.
  • Strong knowledge of asset liability management, interest rate risk measurement, balance sheet analytics, financial forecasting, and regulatory capital framework concepts.
  • Experience developing or utilizing quantitative models for capital planning, earnings forecasting, or bank stress testing.
  • Experience using Empyrean ALM and stress testing software, including model administration, scenario analysis, and reporting.
  • Advanced analytical, statistical, and financial modeling skills.
  • Strong written and verbal communication skills with the ability to present complex analyses to senior management and executives.

Preferred Qualifications:

  • Master of Science in Applied Business Analytics and/or MBA.
  • Certified Professional Accountant (CPA) or Certified Financial Analyst (CFA).

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