# IRRBB Manager

**Company:** [Mercury](https://hotfix.jobs/companies/mercury)
**Location:** Remote
**Role:** Finance & Accounting
**Salary:** $187k – $260k/yr
**Experience:** 5+ years
**Skills:** Alm, Irrbb, Nii, Eve, Python, SQL, R, Excel, Qrm, Empyrean, Bancware
**Posted:** 2026-05-06

> Leads implementation and management of cash flow engine for modeling balance sheet cash flows, IRR analytics including NII/EVE, and behavioral assumptions. Requires 5+ years in bank ALM/IRR, quantitative skills, and proficiency in Excel/Python/SQL.

## Job Description

## Key Responsibilities
- 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

## Qualifications
- **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

## Preferred Skills
- Experience in banking or financial services
- Familiarity with regulatory expectations for **IRRBB** and model risk management
- Experience with model validation or governance frameworks
- Strong problem-solving mindset with attention to detail

## Compensation
Target new hire base salary ranges:
- US employees in New York City, Seattle, Los Angeles or San Francisco: **$207,800 - $259,800**
- US employees outside of New York City, Seattle, Los Angeles or San Francisco: **$187,000 - $233,800**
- Canadian employees (any location): CAD 196,400 - 245,500

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