Director, Treasury - Asset Liability Management (ALM)

Director Of Asset-Liability Management

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities. Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing Together.

UnitedHealth Group and Optum businesses operate under regulatory licenses governed by state insurance laws and federal and state banking regulations. Entities such as Optum Bank are required to maintain defined levels of capital and liquidity to support their operations and meet regulatory expectations.

Asset-liability management (ALM) plays a critical role in ensuring that Optum Bank maintains a balanced and resilient financial structure. ALM focuses on managing the risks that arise from mismatches between assets and liabilities, including interest rate risk, liquidity risk, and capital adequacy. This involves monitoring the duration and cash flow characteristics of both sides of the balance sheet, stress testing under various scenarios, and ensuring compliance with regulatory requirements and internal risk limits.

We are seeking to hire a Director of Asset-Liability Management (ALM) to support Optum Bank's compliance with applicable regulations, guidance, and industry best practices related to financial risk exposures. This position will be responsible for developing and maintaining ALM frameworks, conducting risk assessments, and supporting strategic balance sheet decisions.

This position follows a hybrid schedule with four in-office days per week.

Primary Responsibilities:

• Leadership
  • Collaborate with senior leadership and cross-functional teams to strengthen enterprise-wide risk management practices and support strategic decision-making through actionable insights
  • Continuously monitor industry developments, regulatory changes, and market trends to proactively identify emerging risks, and evolving best practices; communicate findings to senior leadership and Asset-Liability Committee (ALCO).
  • Build and lead a high-performing ALM team; foster a culture of collaboration, accountability, and continuous learning to achieve defined goals and support professional development
• Asset - Liability Management
  • Have a strong theoretical understanding of financial economics and mathematics such as statistics, risk management and balance sheet modeling techniques
  • Conduct in-depth analysis of the Bank's asset and liability composition to foster the development of recommendations that align with the Board's risk tolerance, liquidity needs, and long-term financial objectives
  • Knowledge of banking products like loans, deposits, lines of credit, repurchase agreements, including their structure, risks, and economics
  • Quantify and report IRR metrics including Earnings at Risk (EaR) and Economic Value of Equity (EVE); interpret results to inform on balance sheet risks and potential risk mitigation efforts
  • Lead the preparation and review of ALCO materials, including agendas, minutes, dashboards, and strategic reports; ensure timely and insightful communication of key risks and recommendations
• Liquidity Management
  • Forecast and assess the Bank's liquidity profile under various scenarios, incorporating business growth, funding mix, market conditions, and regulatory requirements
  • Maintain a robust contingent funding profile ensuring liquidity is available under different stressed scenarios
  • Plan, execute, and monitor brokered deposit programs and issuance to support funding and liquidity objectives
• Financial Modeling
  • Design, implement, and maintain comprehensive ALM frameworks to effectively identify, measure, monitor, and manage interest rate risk (IRR), liquidity risk, and capital adequacy in alignment with regulatory expectations and internal risk appetite.
  • Conduct scenario analysis and stress testing to assess the impact of market volatility, management decisions, and customer behavior on the Bank's balance sheet. Evaluate potential outcomes across a range of economic and strategic scenarios to inform risk mitigation strategies and support sound asset-liability and liquidity management.
  • Maintain models in accordance with model risk management standards; ensure models are robust, validated, and fit for purpose
  • Develop operational capabilities to support the use of derivatives and other hedging instruments for IRR management, in compliance with regulatory and accounting standards
• Governance
  • Familiarity with US Regulatory guidelines from the Federal Reserve, OCC, FDIC, and other policy setting entities ensuring the Bank is in full compliance with applicable banking regulations, internal risk policies, and model governance frameworks.
  • Oversee the annual review and update of ALCO-related policies to reflect evolving regulatory guidance, market conditions, and internal governance requirements
  • Serve as a key liaison during regulatory exams, internal audits, model validations, and independent risk reviews; ensure strong documentation, controls, and risk governance

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

Required Qualifications:

• Four-year degree in a quantitative field including mathematics, economics, finance, actuarial science or a related field
• 7+ years of experience in asset liability management or financial risk management within a banking environment
• Solid balance sheet modeling experience in analyzing interest rate and liquidity risk
• Experience with regulatory requirements and model risk management frameworks
• Proven leadership experience with the ability to manage and develop high-performing teams

Preferred Qualifications:

• Experience with derivative products and their use in IRR management
• Experience preparing materials for ALCO or similar governance committees
• Familiarity with ALM and liquidity modeling tools and platforms
• Proven ability to collaborate effectively across a complex, matrixed organization to drive results
• Strategic thinking and analytical problem-solving
• Solid communication and presentation skills
• Advanced proficiency in Excel and other financial modeling systems
• Ability to manage multiple priorities in a fast-paced environment
• High attention to detail and commitment to accuracy
• Proactive mindset with a focus on continuous improvement
• Ability to work independently, to drive results and improve processes

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary for this role will range from $132,200 to $226,600 annually based on full-time employment. We comply with all minimum wage laws as applicable.