Financial Risk Analyst I, II, III
About The Position
The Financial Risk Analyst I, II, III conducts detailed, comprehensive and independent financial risk analyses. This role assists in performing asset/liability management (ALM) processes using financial models to assess Interest Rate Risk (IRR), Net Interest Income (NII), and Net Economic Value (NEV). The analyst also supports business planning, budgeting, forecasting, and scenario analyses related to ALM. Key functions include developing financial risk analyses and stress testing for various risks such as IRR, credit risk, concentration risk, liquidity risk, and capital risk, and preparing relevant management reports. The position involves maintaining and assessing financial model assumptions, performing sensitivity analyses, preparing monthly Allowance for Loss calculations, and assisting with the CECL model. The analyst is responsible for data analysis, model governance, back testing, and ensuring data integrity to validate results and improve model accuracy. Ad-hoc financial risk analyses are also a part of the role, with an emphasis on automation and process improvement. Effective communication of analysis results and risk assessments to management and coworkers is essential, as is building collaborative relationships. The role also requires maintaining an understanding of credit union policies and regulatory requirements pertaining to financial risks and assisting in policy and procedure reviews.
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 (creditable experience in lieu of education).
- Preferably four years of experience in similar or related position.
- Ability to communicate effectively both orally and via written reports and analysis.
- Demonstrated use of quantitative and analytical skills.
- Must be 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
- 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, 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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
11-50 employees
