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Interest Rate Risk Management Jobs (NOW HIRING)

Upstart

Director of Treasury Risk

OR · On-site +1

... interest rate risk, price risk, and capital management), and operational risk. We partner with first-line business functions, senior and executive leadership, and the board of directors to ensure ...

cathaybank

FVP, ALM Manager

El Monte, CA · On-site

$175K - $198.90K/yr

Prepare ALCO materials, regulatory reports, and internal management reporting packages related to interest rate risk, liquidity, and balance sheet performance. * Partner with FP&A on balance sheet ...

cathaybank

FVP, ALM Manager

El Monte, CA · On-site

$175K - $198.90K/yr

Prepare ALCO materials, regulatory reports, and internal management reporting packages related to interest rate risk, liquidity, and balance sheet performance. * Partner with FP&A on balance sheet ...

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$51.5K

$111.6K

$170K

How much do interest rate risk management jobs pay per year?

As of Jun 1, 2026, the average yearly pay for interest rate risk management in the United States is $111,556.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,000.00 and $129,000.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in Interest Rate Risk Management, and why are they important?

To thrive in Interest Rate Risk Management, you need a strong background in finance, quantitative analysis, and a relevant degree such as finance, economics, or mathematics. Familiarity with risk modeling software, Excel, VBA, and statistical tools like SAS or R, as well as knowledge of regulatory frameworks (e.g., Basel III), is typically required. Excellent analytical thinking, attention to detail, and effective communication skills help professionals interpret complex data and present findings to stakeholders. These skills ensure accurate risk assessment and enable organizations to make informed decisions for financial stability and regulatory compliance.

What are the common challenges faced by professionals in Interest Rate Risk Management roles?

Professionals in Interest Rate Risk Management often contend with rapidly changing market conditions, regulatory requirements, and the need to accurately forecast interest rate movements. Balancing risk exposure while supporting business objectives requires strong analytical skills and ongoing collaboration with treasury, finance, and trading teams. Staying current with financial regulations and leveraging technology for risk modeling are also essential to effectively manage and mitigate risks.

What is interest rate risk management?

Interest rate risk management is the process of identifying, measuring, and mitigating the potential negative impact of fluctuations in interest rates on an organization's financial performance. This involves developing strategies and using financial instruments to manage exposure to interest rate changes, which can affect borrowing costs, investment returns, and the value of assets and liabilities. Effective interest rate risk management helps organizations maintain financial stability and achieve their long-term objectives.

What is the difference between Interest Rate Risk Management vs Fixed Income Analyst?

AspectInterest Rate Risk ManagementFixed Income Analyst
Required CredentialsFinance degree, certifications like CFAFinance/Economics degree, CFA often preferred
Work EnvironmentFinancial institutions, risk departmentsInvestment firms, asset management companies
Employer & Industry UsageRisk mitigation in banking and financeAnalyzing bonds, securities, and market trends

Interest Rate Risk Management focuses on identifying and mitigating risks related to interest rate fluctuations within financial institutions. In contrast, a Fixed Income Analyst primarily analyzes bonds and fixed income securities to inform investment decisions. While both roles require similar credentials and often work within the finance industry, their core functions differ: risk management versus securities analysis.

More about Interest Rate Risk Management jobs
What states have the most Interest Rate Risk Management jobs? States with the most job openings for Interest Rate Risk Management jobs include:
What job categories do people searching Interest Rate Risk Management jobs look for? The top searched job categories for Interest Rate Risk Management jobs are:
Interest Rate Risk Management jobs near you
Model Risk, Asset Liability Management (Risk Management) : Job Level - Associate

Model Risk, Asset Liability Management (Risk Management) : Job Level - Associate

Morgan Stanley

New York, NY

$100K - $140K/yr

Full-time

Posted 29 days ago

Morgan Stanley rating

8.3

Company rating: 8.3 out of 10

Based on 147 frontline employees who took The Breakroom Quiz

38th of 138 rated financial services

Job description

Firm Risk Management
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
Background on the Position
This role resides within Firm Risk Management's Model Risk Management (MRM) group, which is responsible for oversight of models and tools risk across the Firm. The position focuses specifically on models used by Treasury-including Interest Rate Risk in the Banking Book (IRRBB), liquidity and funding-related models, and other Treasury analytical tools. The role is suited for individuals with strong quantitative skills, attention to detail, and an interest in financial risk management, markets, and balance sheet dynamics.
Primary Responsibilities
Conduct independent review and validation of Treasury and IRRBB models and tools, including methodologies supporting Net Interest Income (NII). The responsibility will also include developing deep understanding of Economic Value of Equity (EVE), behavioral models, interest rate risk methods, prepayment/decay models, term structure methodologies, liquidity modeling tools, and other Treasury analytics.
Review models supporting stress testing, ICAAP, and other internal/external exercises, ensuring conceptual soundness, appropriateness of assumptions, and robustness of implementation.
Support development and execution of MRM independent testing frameworks in accordance with regulatory expectations
Perform quantitative testing, including sensitivity analyses, benchmarking, backtesting, and performance monitoring.
Stay current on regulatory guidance, market trends, and macro/micro themes relevant to Treasury model risks.
Prepare clear and well structured validation reports for internal stakeholders (model developers, internal audit) and external regulators.
Communicate validation results and methodological assessments effectively to internal audiences, including senior management. Firm Risk Management Master's degree in a quantitative or finance related discipline (e.g., Mathematical Finance, Statistics, Physics, Operations Research) preferred; Bachelor's degree with relevant experience considered.
Strong statistical and quantitative skills - e.g., regression, time series, stochastic processes, Monte Carlo methods is preferred.
Familiarity with financial risk modeling techniques and software like QRM, particularly those used in IRRBB, balance sheet management, and liquidity/treasury models.
Programming proficiency in Python, SQL, or similar analytical tools.
Prior experience developing or validating models related to IRRBB, Treasury, liquidity, or Asset Liability Management is a plus.
Knowledge of regulatory expectations for model risk management (e.g., SR 11-7) is advantageous.
Ability to work in a collaborative, dynamic environment with a mix of technical and market oriented tasks.
Progress toward professional certifications such as CFA or FRM is beneficial.
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Expected base pay rates for the role will be between $100,000 and $140,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

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