Asset and Liability Management Risk Manager – Financial Risk Management

Western Alliance Bank

Asset and Liability Management Risk Manager overseeing interest rate risk activities at Western Alliance Bank. Utilizing quantitative analysis for risk mitigation and asset liability governance.

Posted 5/22/2026full-timeChicago • Arizona, Illinois, Ohio, Texas • 🇺🇸 United StatesMid-LevelSenior💰 $159,745 - $197,331 per yearWebsite

Tech Stack

Tools & technologies

PythonSQL

About the role

Key responsibilities & impact

Provide independent risk oversight, challenge, and assessment of interest rate risk exposure
Use risk measures and management judgement for proactive risk assessment
Review scenario design, model configurations, and results in QRM tool
Develop processes to validate financial assumptions
Lead structured challenge sessions and memorialize outcomes
Produce Asset Liability Management/Interest Rate Risk dashboards for governance
Assist in developing market risk management framework

Requirements

What you’ll need

5+ years in Asset Liability Management/Interest Rate Risk in the Banking Book
At least 2+ years in Second Line of Defense/Model Risk Management or other independent oversight roles
Bachelor's degree in related field required
Hands-on QRM proficiency (Asset Liability Management/Interest Rate Risk modules)
Ability to replicate Economic Value of Equity/Earnings at Risk and Net Interest Income sensitivities via Python/R/Structured Query Language
Advanced knowledge and experience with tools like Python, SQL, or R for data analysis and quality checks
Advanced knowledge of Asset Liability Management concepts & policy
Knowledge of ALM concepts & policy
Professional certification such as Financial Risk Manager (FRM), Professional Risk Manager (PRM), or Chartered Financial Analyst (CFA) preferred
Advanced speaking and writing communication skills

Benefits

Comp & perks

Competitive salaries
Ownership stake in the company
Medical and dental insurance
Time off
Great 401k matching program
Tuition assistance program
Employee volunteer program
Wellness program

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

Asset Liability ManagementInterest Rate RiskQRM toolPythonRStructured Query LanguageEconomic Value of EquityEarnings at RiskNet Interest Income sensitivitiesdata analysis

Soft Skills

independent risk oversightproactive risk assessmentleadershipcommunicationorganizational skillsstructured challenge sessionsassessmentjudgementvalidation processesdocumentation

Certifications

Financial Risk Manager (FRM)Professional Risk Manager (PRM)Chartered Financial Analyst (CFA)