Financial Risk Analyst I, II, III

Global Credit Union • Renton, WA

1d • Onsite

About The Position

This role involves conducting detailed, comprehensive, and independent financial risk analyses. The analyst will assist in various aspects of asset/liability management (ALM), including using financial models to assess Interest Rate Risk (IRR), Net Interest Income (NII), and Net Economic Value (NEV). The position also supports business planning, budgeting, forecasting, and scenario analyses related to ALM. Key responsibilities include developing financial risk analyses and stress testing for various risk types (IRR, credit risk, concentration risk, liquidity risk, capital risk), preparing management reports, and maintaining/assessing the credit union’s financial model assumptions. The role requires analyzing large datasets, performing model governance and back-testing, and ensuring data integrity. Additionally, the analyst will prepare ad-hoc financial risk analyses, enhance analyses through automation, and communicate findings to management. Building collaborative relationships and maintaining an understanding of relevant policies and regulatory requirements are also crucial. The specific level (I, II, or III) will be determined by the candidate's education and experience.

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 (can be in lieu of education).
• Ability to communicate effectively both orally and via written reports and analysis.
• Demonstrated use of quantitative and analytical skills.
• Well organized, detail-oriented, with excellent problem-solving analytical mind, and 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
• Number of Employees: 11-50 employees