Financial Risk Analyst I

Global Credit Union • Glendale, AZ

6h • $63,233 - $132,798 • Onsite

About The Position

This role involves conducting detailed, comprehensive, and independent financial risk analyses. The analyst will assist in various aspects of the asset/liability management (ALM) process, including using financial models to assess Interest Rate Risk (IRR), Net Interest Income (NII), and Net Economic Value (NEV). Key responsibilities include supporting business planning, budgeting, forecasting, and scenario analyses. The position also requires assisting in the development of financial risk analyses and stress testing for various risk types (IRR, credit risk, concentration risk, liquidity risk, capital risk) and preparing relevant management reports. Maintaining and assessing financial model assumptions, performing sensitivity analyses, and preparing monthly Allowance for Loss calculations and assisting with the CECL model are also crucial. The role demands analyzing large datasets, performing model governance and back testing, and ensuring data integrity. Ad-hoc financial risk analyses, automation of processes, and effective communication of results to management are expected. Building collaborative relationships and maintaining an understanding of credit union policies and regulatory requirements are also part of the role.

Requirements

• Bachelor’s Degree in Finance, Accounting, Economics, Mathematics, Business Administration or related field.
• Four years experience in a similar position or in an analytical environment.
• Ability to communicate effectively both orally and via written reports and analysis.
• Demonstrated use of quantitative and analytical skills.
• Well organized, detail-oriented, have excellent problem-solving analytical mind, and be self directed with minimal supervision.
• Demonstrated ability to prioritize tasks, meet deadlines and perform in an intermittent high-stress, fast-paced environment.
• Demonstrated ability to exercise good judgment and draw valid conclusions from data and analytics gathered.
• Demonstrated proficiency using MS Office with emphasis in Excel and knowledge of macros, VBA, pivot tables, and statistical functions.
• Experience with data warehouse and data analytics as it relates to financial analysis and financial modeling.

Nice To Haves

• Experience with FISERV AL Risk Management software or other ALM software preferred.

Responsibilities

• Conduct detailed, comprehensive, and independent financial risk analyses.
• Assist in performing asset/liability management (ALM) process using financial models to assess Interest Rate Risk (IRR), Net Interest Income (NII), and Net Economic Value (NEV).
• Assist in business planning, budgeting, forecasting, and scenario analyses of the ALM process.
• Assist in developing financial risk analyses and stress testing for IRR, credit risk, concentration risk, liquidity risk, and capital risk and prepare management reports applicable to financial risks inherent to the credit union.
• Assist in maintaining and assessing the credit union’s financial model assumptions and attributes, perform sensitivity analyses including beta’s, decay rates, prepayment speeds.
• Prepare the monthly Allowance for Loss calculations and assist in maintaining the CECL model.
• Analyze large quantities of data, perform model governance and back testing, and review data for integrity to validate results and improve model accuracy.
• Prepare ad-hoc financial risk analyses independently, efficiently, and accurately.
• Enhance analyses though automation & improvement, monitor and document related processes.
• Effectively communicate results of analyses and risk assessments to management and other analysts.
• Build collaborative relationships with coworkers, management, and vendors to create a positive, productive, and efficient work environment.
• Maintain an understanding of credit union policies and regulatory requirements pertaining to financial risks and assist in reviewing policies and procedures.
• Perform other duties as assigned.

Benefits

• Short-term and long-term incentives
• Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
• 401(k) plan with a 5% match
• Employee Assistance Program (EAP)
• Life and disability coverage
• Voluntary cash benefits for accident, hospitalization and critical illness
• Tuition Reimbursement
• Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays

What This Job Offers

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