Consultant – Financial Risk Modeling

Empyrean Solutions LLC

2d•$55,000 - $65,000•Remote

About The Position

Empyrean Solutions is the fastest growing financial risk management and performance solutions platform, specifically designed for banks and credit unions. Since 2008, we've been trusted by financial institutions across the globe to deliver cutting-edge ALM, budgeting, profitability analysis, and compliance tools through our unified Empyrean Dataverse® platform. Our solutions emphasize speed, accuracy, and ease of use to help financial institutions make faster, more informed decisions. At Empyrean Solutions, you won't just have a seat at the table - you'll help build it. Every person here has a direct, visible impact on where we go next. You'll work alongside a genuinely collaborative team, backed by AI tools available to every employee from day one. The balance sheet risk management experts of the Professional Services team help financial institutions harness the full potential of Empyrean's ALM, Liquidity Stress Testing (LST), Funds Transfer Pricing (FTP), Model IQ, Capital Stress Testing, and CECL solutions through implementation services, consulting, training, and support. Within Professional Services, the Outsourcing Team takes client data through the full ALM/IRR modeling lifecycle on their behalf, from data ingestion and assumption management through model execution and reporting. As an Outsourcing Consultant, you'll work directly with our modeling analysts and client-facing team to process client models, apply assumptions, and help deliver accurate, decision-ready results.

Requirements

Demonstrated experience in finance, accounting, economics, mathematics, or related discipline
Interest or experience in banking, financial services, risk management, or financial technology
Understanding of a bank's balance sheet, fixed income payment calculations, and financial statements
Advanced knowledge of Excel, including formula-based modeling (VBA experience a plus)
Experience working with large datasets
Strong attention to detail and good planning and organization skills
Comfortable following and improving structured processes
Demonstrated interest in AI literacy in a professional environment, including awareness of data-handling and confidentiality considerations

Nice To Haves

Working knowledge of asset/liability management (ALM) and interest rate risk concepts
Progress toward a CFA, FRM, or PRM certification
Bank internship experience
Knowledge of SQL, Power Query, or other data-analysis tools
Familiarity with fixed-income cashflow calculation and fixed income math

Responsibilities

Process client ALM/IRR models through production pipeline, including data ingestion, model setup, and assumption management (e.g., non-maturity deposit decay rates and betas)
Support NII (Net Interest Income) and EVE (Economic Value of Equity) sensitivity analysis to help clients assess risk exposures and profitability
Ensure balance sheet structures, cashflow assumptions, and rate scenarios are configured to produce accurate, decision-ready results
Ensure client data is complete, reconciled, and reliable as the foundation for modeling and reporting
Prepare risk measurement reports and analyses for client-facing consultants and, as experience grows, directly for clients
Advise on best practices for Economic Value of Equity, Earnings at Risk, Stress Testing
Act as a liaison between the client-facing consulting team and Empyrean's product management team, channeling production-queue learnings into product direction
Apply AI-assisted tools and repeatable processes to deliver value more efficiently and consistently, and contribute to improving those processes over time
Follow all applicable policies and controls, and use approved channels for transmitting sensitive customer data
Perform other job duties and assignments as needed and directed