IRRBB Manager

🕒 May 7

🏄 California, New York, +1 more states – Remote

🏄 California – Remote 🗽 New York – Remote 🌲 Oregon – Remote

💵 $187k - $259.8k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

👔 Manager

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Mercury

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 2019

💳 Fintech

💸 Finance

☁️ SaaS

Fintech • Finance • SaaS

Mercury is a financial technology company that provides online business banking services, although it is not a bank itself. It partners with FDIC-insured banks like Choice Financial Group, Column N. A. , and Evolve Bank & Trust to offer banking services. Mercury aims to simplify financial operations for startups and businesses by offering a range of services including checking and savings accounts, treasury management, corporate cards, expense management, invoicing, and accounting automations. The platform is designed to streamline various banking tasks and enhance financial workflows with features like fraud monitoring and account security. It also offers investment opportunities through its Mercury Treasury product and startup support through its Mercury Raise platform.

📋 Description

• Support the vendor selection and system implementation of the firm’s cash flow engine / ALM system • Develop, maintain, and enhance cash flow models for assets and liabilities that will be used for risk monitoring and balance sheet forecasting • Produce and analyze interest rate risk metrics, including NII and EVE under various scenarios • Design, document, and support behavioral assumptions (e.g., prepayments, deposit decay, betas, non-maturity deposit modeling) • Partner with Finance and Risk teams to ensure alignment of modeling assumptions and outputs • Perform scenario analysis and sensitivity testing to support balance sheet strategy and risk management • Ensure data integrity, model accuracy, and compliance with internal policies and regulatory expectations • Support model validation, audit, and regulatory review processes • Identify opportunities to improve automation, efficiency, and model sophistication

🎯 Requirements

• Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related field (advanced degree preferred) • 5+ years of experience in bank ALM, bank Treasury, IRR modeling, or quantitative finance • Strong understanding of: Bank balance sheets, products, and cash flow drivers • Net Interest Income (NII) modeling • Economic Value of Equity (EVE) • Interest rate risk frameworks • Cash flow hedging • Experience developing and supporting behavioral models and assumptions (e.g., deposits, loans, prepayments) • Hands-on experience with ALM or cash flow engine platforms (e.g., QRM, Empyrean, BancWare, or similar) • Strong quantitative and analytical skills; proficiency in Excel and/or programming tools (Python, SQL, R a plus) • Ability to communicate complex modeling concepts to non-technical stakeholders.

🏖️ Benefits

• base salary • equity (stock options/RSUs)