Financial Analyst I

ibc; San Antonio (TX); On-site; USD 60,000 - 80,000; Full time

Job summary

IBC Bank in Texas seeks a Financial Analyst I to join the Enterprise Risk Management team. You will contribute to ALM modeling, stress testing, and budgeting, supporting financial forecasting and performance measurement across the balance sheet and income statement.

You will prepare materials for senior management and the Board, document assumptions, and help implement industry best practices in risk and profitability analysis.

Qualifications

• Experience with ALM modeling, forecasting and budgeting processes.
• Ability to prepare board-ready presentations on risk and performance.
• Strong data collection and analysis for large financial datasets.

Responsibilities

• Applies knowledge and skills to perform assignments within model development, testing, monitoring, maintenance, and validation.
• Researches and recommends model modifications to senior analysts and department manager, including inputs, assumptions and methodology.
• Documents model assumptions, inputs, and limitations.
• Documents, supports, and communicates 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 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.
• Maintains and distributes budget reports and ad hoc reporting based on budgeted figures.

Skills

ALM modeling

Risk management

Financial forecasting

Budgeting

Data analysis

Job description

IBC Bank

IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects its dedication to the growth and success of its employees, customers and communities.

IBC bank hires talented, creative and dedicated individuals to help our business succeed. We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence. We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience.

Time Type

Full time

This is an in-office position.

Department

675 Asset/Liability Investment Management

Job Summary

The Financial Analyst I is part of the Enterprise Risk Management ("ERM") team, which is central to the company's risk management activities, risk and performance measurement, and the annual budget and planning process. As a member of ERM team, the Financial Analyst I is involved in various risk and performance related topics including, but not limited to, financial planning, profitability measurement, balance sheet management, credit risk, interest rate risk, liquidity risk, solvency and operational risk. The Financial Analyst I performs assignments; including maintenance of the work product, conducting research, and providing recommendations; within asset and liability modeling ("ALM"), stress testing, scenario analysis and development, and other modeling activities; financial forecasting and budgeting; and management and board reporting over performance and risk/exposure levels, including key performance indicators and ratio analysis.

Job Description

ESSENTIAL JOB FUNCTIONS

The statements on this job description are intended to describe the general nature of level of work being performed by incumbents. They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.

Modeling Activities

• 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.

Financial Forecasting and Budgeting

• 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.

Management and Board Reporting

• 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.

Other Activities

• Collects and maintains large data sets to use within financial modeling.
• Researches and make recommendations to senior