Market Risk Manager

Join the First Hawaiian Bank ‘ohana, where our culture flourishes with purpose. We prioritize the 3 C’s – Caring, Character and Collaboration – ensuring a workplace that is not only rewarding, but deeply fulfilling. Consistently recognized as one of the 'Best Places to Work in Hawaii' for 13 consecutive years, we take pride in our longstanding commitment to both our team and the communities we serve, spanning over 165 years.

Step into a career that offers stability, excitement, and growth. Experience the thrill of a dynamic environment paired with a comprehensive training program. Plus, enjoy the perks of our competitive compensation and benefits package.

Reporting to the Chief Risk Officer (CRO), the Market Risk Manager is responsible for overseeing the identification, measurement, monitoring, reporting, and governance of market risks arising from the Bank's balance sheet, investment portfolio, funding activities, and derivative exposures. The role partners closely with Treasury and Senior Management to identify and assess risks arising from changes in interest rates, liquidity conditions, credit spreads, depositor behavior, foreign exchange rates and other market factors.

This is a second-line risk management function that provides independent challenge and oversight of interest rate risk (IRR), liquidity-related market exposures, investment securities risk, valuation risk, capital sensitivity analyses, and other Asset-Liability Management (ALM) or market exposures. The Market Risk Manager ensures that the Bank operates within its approved risk appetite and complies with regulatory expectations related to Market Risk Management, ALM, stress testing, capital planning, liquidity, etc.

Compensation:

The salary range for this role is $160,000 - $200,000/year; commensurate with experience.

The successful candidate will be hired for the level of the position that aligns with their experience.

Work Schedule:

Monday - Friday 8:00AM - 5:00PM (hours may vary)

• Monitor and assess market risk exposures across the bank's balance sheet, investment portfolio, and derivative positions, ensuring compliance with market risk appetite and limits.
• Provide independent challenge to Treasury and business line assumptions related to deposit behavior, loan prepayments, and funding strategies.
• Evaluate and challenge ALM methodologies, interest rate risk metrics, and stress-testing results.
• Monitor investment portfolio risks, including duration, convexity, spread risk, and valuation risk.
• Oversee the preparation and presentation of market risk, ALM, liquidity, and investment portfolio reports for Asset Liability Committee (ALCO) and Board Risk committees.
• Coordinate with Analytics Risk Management on model validation, performance monitoring, and ongoing model governance activities.
• Engage in Risk Management Group strategic initiatives, work teams, and committees.
• Participate in enterprise risk monitoring and risk assessments within the Risk Management Group.
• Stay updated on regulatory expectations and ensure the bank's compliance with market risk management, ALM, stress testing, and capital planning guidelines.
• Build collaborative relationships and influence stakeholders across Treasury, Finance, and Risk Management functions.

• Bachelor's degree in finance, economics, mathematics, statistics, or a related field.
• CFA or FRM certification is preferred.
• Ten (10) + years of progressive experience in market risk management, ALM, balance sheet management, or financial risk oversight within a U.S. bank or financial institution.
• Advanced knowledge of Interest Rate Risk in the Banking Book (IRRBB), NII, MVE, liquidity and funding risk, stress testing, and capital planning.
• Experience using ALM and risk measurement systems such as QRM, Empyrean, or Bancware.
• Strong analytical skills with the ability to provide effective challenge and independent risk oversight.
• Excellent written, verbal, and presentation skills to communicate complex risk concepts to executive management and regulators.
• Demonstrated ability to lead and coordinate cross-functional initiatives and drive issue resolution.
• High degree of…