Enterprise Risk Financial Analyst

FourLeaf Federal Credit Union•Town of Oyster Bay, NY

About The Position

The Enterprise Risk Financial Analyst reports to the Enterprise Risk Financial Manager and assists in developing, implementing, and executing on the Enterprise Risk framework and assessments in alignment with the credit unions Risk Appetite Statement and consistent with the established Enterprise Risk Management program and strategic direction.

Requirements

Bachelor's Degree in Finance, Quantitative Finance, Economics or Accounting.
1-3 years’ experience in a financial institution with a related area of focus Financial Risk Management, Stress Testing, Model Risk, Finance or Accounting.
Computer Skills: Proficiency with Microsoft Excel is a must.

Nice To Haves

Preferable experience in Python, SQL, R and/or C++.

Responsibilities

Assist in developing, implementing, and maintaining the credit unions’ risk framework, procedures and programs including but not limited to, Model Risk Management, Insurance Management, Key Risk Metric Assessment, New Product and/or Project Risk Financial Assessment support and Third-Party Financial Risk Assessment support.
Assist Enterprise Risk Financial Manager in the identification and evaluation of various financial risks faced by the organization, such as market risk, credit risk, liquidity risk, model risk, capital risk, price risk and regulatory and controls across the credit union and CUSO’s.
Continuously monitor and measure key risk indicators to identify emerging risks and assist in assessing the organization's overall risk exposure. Use quantitative and qualitative techniques to analyze and model potential risks, including stress testing, scenario analysis, and simulations for key risks tied to financial transactions, cashflow, assets and liability management and investments.
Recommend and implement risk mitigation strategies, such as hedging, diversification, insurance, and contingency planning. Work closely with various stakeholders, including senior management, business units, and external parties, to communicate and address risk-related issues.
Support the assessment for all models used by the Credit Union, and monitor, execute, and maintain model validations to ensure timely reviews, performance accuracy, and compliance with regulatory and internal standards.
Assist in the preparation of the monthly, quarterly, annual, and ad hoc Financial Risk reports and presentations for the EVP/Chief Legal & Risk Officer, First Vice President Enterprise and Third-Party Risk Management, Enterprise Risk Management Committee, Employee Asset Liability Committee and Board/Board Committees.
Stay updated with applicable regulations and ensure the organization's risk management practices align with regulatory requirements. Continuously monitor industry developments, best practices, and emerging risk management techniques to enhance the organization's risk management capabilities.