Senior Financial Risk Analyst

Umpqua Bank • Lake Oswego, OR

273d • $98,000 - $180,000

About The Position

The Financial Risk Analyst, Sr. will conduct independent monitoring of the Capital, Market, Credit, and Liquidity risk management frameworks and adherence to the Company's risk appetite, key risk indicators, policies, and procedures. Plays a significant role in providing effective challenge reviews to the business units' processes, models, and assumptions that measure capital adequacy, market, credit, and liquidity risks. Under the direct supervision of the Financial and Model Risk Director, the Financial Risk Analyst, Sr. ensures oversight of the Financial Risk Management program through participation in cross-departmental initiatives and committees, while regularly interacting with Senior and Executive Management, external consulting firms, and regulatory exams. Collaborate with the respective business units that own capital, market, credit, and liquidity risks to ensure compliance with regulatory and industry standards. Performs root cause analysis and effective challenge into the business units' processes, controls, methodologies, and assumptions as it relates to the Bank's Financial Risk Management program. Develop and implement processes that enhance and improve monitoring, reporting, and measurement of the financial and enterprise risk management frameworks. Provide continuous and ongoing monitoring of internal, market, and regulatory conditions while identifying and assessing potential risks. Prepare reports and analysis for senior management and various committees. Actively engage, support, and participate in both the Financial and Model Risk Management program and Enterprise Risk Management program. Respond to ad hoc requests from the business units, senior management, and regulators as necessary. Ensures activities meet internal policy and regulatory standards of 'effective challenge.' Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities - knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training. Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description. May be asked to coach, mentor, or train others and teach coursework as subject matter expert. Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words. Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become 'Business Bank of Choice'. May perform other duties as assigned.

Requirements

• Master's Degree in Business Administration, economics, accounting, or finance.
• 4-7 years in banking or financial services as a Financial Risk Analyst, Financial Analyst, Risk Analyst, or similar.
• Demonstrated understanding of statistical modeling and econometric forecasting.
• Knowledge of regulatory requirements related to financial and model risk management.
• Advanced understanding of various risk frameworks, accounting standards, and financial reports.
• Proficient in Microsoft Office and experience with database management tools (SQL, Python, etc.).
• Possess strong communication skills, both oral and written.
• Ability to lead projects as assigned.
• Ability to coach and mentor junior analysts.
• Demonstrate strong organizational skills.

Nice To Haves

• Less than 2 years of previous experience as a team or project lead.
• Certification as Financial Risk Manager (FRM), Professional Risk Manager (PRMIA), Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), or Certificate in Quantitative Finance (CQF).

Responsibilities

• Conduct independent monitoring of Capital, Market, Credit, and Liquidity risk management frameworks.
• Provide effective challenge reviews to business units' processes, models, and assumptions.
• Collaborate with business units to ensure compliance with regulatory and industry standards.
• Perform root cause analysis and effective challenge into business units' processes and controls.
• Develop and implement processes to enhance monitoring, reporting, and measurement of risk management frameworks.
• Provide continuous monitoring of internal, market, and regulatory conditions.
• Prepare reports and analysis for senior management and various committees.
• Engage and participate in Financial and Model Risk Management and Enterprise Risk Management programs.
• Respond to ad hoc requests from business units, senior management, and regulators.
• Ensure activities meet internal policy and regulatory standards.
• Maintain knowledge of Bank's policies and procedures regarding various regulations.
• Coach, mentor, or train others as a subject matter expert.

Benefits

• Competitive total rewards package including base wages and comprehensive benefits.
• Healthcare coverage (medical, dental, and vision plans).
• 401(k)-retirement savings plan with employer match.
• Employee assistance program.
• Life insurance and disability insurance.
• Tuition assistance.
• Mental health resources.
• Identity theft protection.
• Legal support.
• Auto and home insurance.
• Pet insurance.
• Access to an online discount marketplace.
• Paid vacation, sick days, volunteer days, and holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Master's degree