Finance Data and Modeling Analyst (Hybrid - Cleveland, OH)

Third Federal Career•Cleveland, OH

7d•Hybrid

About The Position

Third Federal is a leading lender of conventional home mortgages lending in 27 states, plus the District of Columbia, with retail branch offices in Ohio and Florida. Our mission is to help people achieve the dream of home ownership and financial security while creating value for our customers, our communities, our associates, and our stockholders. Our value system of love (concern for others), trust, respect, a commitment to excellence, and fun is at the heart of our commitment to our mission, and just as importantly, to our company culture. Through this, we help people find the loan or savings product that makes sense for them. At Third Federal, you will find strength and stability in your career. In our nearly 90-year history, we have never had layoffs, and have one of the lowest annual turnover rates at 6% (versus an industry average of nearly 19%). We have been certified as a ‘Great Place to Work’ multiple times in the last decade alone, and have been recognized with several additional workplace awards and recognitions. Because Third Federal associates are the foundation of our success, we take a genuine interest in each of them – from their professional development to their health and wellness. Role Summary We are seeking an experienced Finance and Data Modeling Analyst to join our Finance department here at Third Federal. The analyst will contribute to our financial modeling while also contributing to the ongoing monitoring and reporting of key financial metrics such as net interest margin and capital adequacy. A successful candidate will have a passion to pursue and connect economic and financial market conditions into our consumer and portfolio performance measurements. The position will offer an opportunity to obtain extensive knowledge across multiple financial disciplines (interest rate risk, credit risk, capital planning, forecasting and liquidity management) through active engagement on material covered in key committees coupled with the hands-on efforts within our modeling framework. This position is eligible to be hybrid out of our Cleveland, OH corporate offices (3 days in office) after training.

Requirements

3+ years of Interest Rate Risk analysis or finance experience
Banking experience preferred
Strong aptitude and passion for financial markets
Prior experience dealing with models
Strong analytical and problem-solving skills
Ability to manage priorities and adapt to changing needs of the business
Coding experience a plus (any language, any level)
Excellent written and oral communication skills
Ability to work independently and in a group environment
Attention to accuracy and detail is essential
A positive, pro-active attitude and desire to cross-train and mentor others
Willingness to participate in tasks and other projects within the association as needed
High school diploma/GED required; bachelor’s degree in finance or related field preferred, or equivalent experience

Responsibilities

Interest Rate Risk Modeling Support and Ownership
Maintain model documentation for Empyrean and sub-models
Conduct assumption change analysis and maintain model change logs
Run convergence testing to determine appropriate paths for stochastic modeling
Run sensitivity analysis against key behavioral assumptions
Maintain and prepare model back-testing and reporting
Analyze model results and connections to economic environments
Model ownership for Capital Planning
Stress Testing
Support CECL Modeling process and alternate economic scenarios
Support Liquidity Modeling process and analysis
Own key components of monthly and quarterly analytical processes
Prepay analysis and data support for ALCO
Orchestrate the monitoring around the Balance Sheet Management Program
Loan Fair Value Reporting
Parent Company IRR Profile
High Risk Security Testing
Actual-to-Budget Variance Analysis
Create and maintain reporting on various financial components of the bank
Funding WAM, Wholesale Borrowings Outlook, Texas Ratio, etc.
Take part in managing and balancing the daily cash management worksheet
Participate in special projects and analyses, including process optimization and automation