Financial Analyst I

IBOC • San Antonio, TX

3d • Onsite

About The Position

IBC Bank is seeking a Financial Analyst I to join its Enterprise Risk Management (ERM) team. This role is central to the company’s risk management activities, risk and performance measurement, and the annual budget and planning process. The Financial Analyst I will be involved in various risk and performance-related topics, including financial planning, profitability measurement, balance sheet management, credit risk, interest rate risk, liquidity risk, solvency, and operational risk. The position involves performing assignments such as maintaining work products, conducting research, and providing recommendations within asset and liability modeling (ALM), stress testing, scenario analysis and development, financial forecasting and budgeting, and management and board reporting on performance and risk/exposure levels.

Requirements

• Strong degree of proficiency with Microsoft Word, Excel, and PowerPoint.
• Ability to conduct complex problem solving and critical thinking in a fast-paced environment.
• Must have effective communication skills, both written and verbal.
• Must have the ability to explain complex technical concepts in simple non-technical language.
• Bachelor's degree in Finance, Accounting, Mathematics, Economics or other quantitative major.
• Experience in financial modeling or forecasting, which could be evidenced through school experience.

Nice To Haves

• Knowledge of retail or commercial banking and its products.
• Working knowledge of VBA and SQL programming languages.
• Working knowledge of statistical software, such as R or EViews.

Responsibilities

• Applies knowledge and skills to perform assignments, under the direction of senior analysts, within model development, testing, monitoring, maintenance, and validation. Modeling activities support the execution of ALM, including earnings-at-risk (“EAR”) and economic value of equity (“EVE”) measurements; stress testing, the annual budget process, and other ad hoc purposes.
• Researches and recommends model modifications to senior analysts and department manager; including modifications to inputs, assumptions, and methodology.
• Researches and recommends scenario modifications to senior analysts and department manager, including the development and implementation of new scenarios and interest rate shocks.
• Documents model assumptions, other inputs, and model limitations.
• Documents, supports, and communicates the results of modeling activities to senior analysts and supervisors.
• Prepares presentation materials that communicate methodologies, assumptions, limitations and results to senior management and the Board of Directors.
• Understands and assists in the implementation of industry best practices to modeling methodology including Model Risk Management.
• Applies knowledge and skills to run existing models on complex balance sheet and income statement lines for use within the annual budget.
• Forecasts non-complex lines by conducting historical performance analysis including the identification of trends.
• Actively participates with senior analysts in consulting the lines of business (“LOB”) to gather data, reach conclusions and review the LOB’s budget inputs for context and accuracy.
• Documents, supports, and communicates all annual budget processes, methods, and results to senior analysts and supervisors.
• Maintains and distributes budget reports, including the budget report to be approved by the Board of Directors, monthly budget variance reports, and ad hoc reporting based on budgeted figures.
• Researches and make recommendations to senior analysts and department manager around the development and maintenance of tools/programs that quantify risk exposures/levels; including, but not limited to, credit risk, interest rate risk and liquidity risk.
• Maintains reporting that communicates risk exposures/levels, including an evaluation of compliance with the policies approved by the Board of Directors.
• Researches and make recommendations to senior analysts and department manager in the development and maintenance of tools/programs that monitor profitability and other performance metrics.
• Performs financial benchmark analysis against historical figures, peers, and high-performance levels.
• Communicates profitability and other financial metrics to senior analysts and supervisors.
• Understands and implements industry best practices to measuring profitability, performance, and risk exposures.
• Collects and maintains large data sets to use within financial modeling.
• Researches and make recommendations to senior analysts and department manager in the development of new methods for financial data collection and redevelopment of existing methods for financial data collection.
• Actively participates with senior analysts in consulting and providing support to performance/risk measurement or modeling efforts outside of Enterprise Risk Management by providing necessary data, studies, or analysis as required.
• Maintains department procedures.
• Develops an understanding of the bank’s business model, products, and balance sheet. Applies this knowledge consistently on the work product.
• Other related duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level