Product Manager - Balance Sheet Risk Solutions

Empyrean Solutions Product Manager – Balance Sheet Risk Solutions Focus area — Asset/Liability Management (Empyrean ALM) About the Role

Empyrean’s Balance Sheet Risk Solutions vertical is anchored by our flagship asset/liability management platform, Empyrean ALM, and its modules, alongside Empyrean Model IQ (our customer-behavior analysis platform) and Empyrean Liquidity Manager (currently in development). Each product is owned by a dedicated product manager.

We’re looking for a hands‑on Product Manager to own Empyrean ALM. This is our most established and deeply adopted product in the vertical. You’ll own the ALM roadmap and backlog end to end. You will work directly with CFOs, treasurers, ALM managers, and analysts at banks and credit unions to understand how they run interest rate risk, funds transfer pricing, and ALCO reporting to turn that understanding into a product that keeps getting sharper and reaches further up‑market over time.

Empyrean ALM is a mature, feature‑rich application with a large customer base, so the work is less about launching something brand new and more about defining precise requirements, partnering closely and continuously with the ALM engineering team, and shipping meaningful improvements each release. Your vast customer and user base is your primary instrument throughout. They are the primary source of discovery, the foundation that keeps delivery anchored to real workflows, and the means of validating what you ship.

This role calls for someone who thrives on customer engagement, has the technical depth to partner effectively with engineering on a complex calculation and data‑intensive platform, and can translate the nuance of balance sheet risk into clear, buildable requirements.
This is strategic product management, not project management
- we need someone who discovers problems, validates solutions, and drives outcomes, not someone who manages timelines.

• Use Empyrean’s large ALM customer base and active user community as your primary engine for discovery. You will be responsible for running interviews, shadowing ALM managers and analysts, and testing usability firsthand rather than reviewing second‑hand findings.

• Uncover the jobs‑to‑be‑done and underlying needs across the full ALM workflow: current‑position data and reconciliation, chart of accounts and consolidation, scenario and shock design, NII/EVE and gap analytics, funds transfer pricing, and ALCO and regulatory reporting.

• Build a deep, working understanding of how financial institutions actually manage balance sheet risk: the IRR policy and limit framework, the ALCO cadence, model governance and audit trail, and examiner expectations.

• Help guide Empyrean ALM up‑market using discovery to understand what the largest, most complex tier‑1 institutions need from the platform.

• Translate what you learn into a prioritized, validated roadmap with clear requirements the engineering team can act on.

• Own the Empyrean ALM roadmap and backlog end‑to‑end from discovery through detailed requirements, delivery, enhancement, and optimization of the product and its modules.

• Write clear, precise functional requirements for complex financial calculations and workflows.

• Work directly and continuously with the ALM engineering team. This includes grooming the backlog, clarifying requirements, making feature‑level trade‑offs, and unblocking delivery.

• Partner with engineering on architecture, data models, and calculation‑engine trade‑offs; bring the customer and business context, and let engineering own the implementation.

• Keep delivery anchored to real customer workflows, and use your customer and user relationships to validate that what ships actually solves the problem.

• Influence without authority across engineering, sales, customer success, professional services, and executive stakeholders.

• Communicate the roadmap, priorities, and trade‑offs clearly to very different audiences including engineers, executives, and sophisticated ALM practitioners.

• Collaborate with product marketing and sales on positioning, enablement, and demand generation for…