Financial Risk Analyst I

Global Credit Union; Anchorage (AK); On-site; USD 63,000 - 133,000; Full time

Benefits offered by this job

Incentives and performance bonuses

Medical, dental, and vision coverage (

HSA/FSA options

401(k) with 5% match

Employee Assistance Program

Life and disability coverage

Voluntary cash benefits for accident,の

Tuition Reimbursement

Paid Time Off and Holidays

Job summary

Global Credit Union is seeking a Financial Risk Analyst to perform detailed, independent financial risk analyses and support ALM processes. You will assist with IRR, NII, NEV metrics, scenario analyses, and stress testing to guide risk management decisions.

The role requires a Bachelor's degree in a quantitative field and several years of analytical experience. Strong Excel skills and the ability to communicate complex results to stakeholders are essential.

Qualifications

• Bachelor's degree required; four years in similar analytical role preferred.
• Experience with ALM/IRR/NEV modeling is a plus.
• Strong quantitative and analytical abilities; attention to detail.

Responsibilities

• Conduct asset/liability management analyses using financial models.
• Assist in planning, budgeting, forecasting, and scenario analyses of ALM.
• Develop risk analyses for IRR, credit, concentration, liquidity and capital risk.
• Prepare monthly Loss Allowance and CECL model support.
• Communicate results to management and analysts; collaborate with teams.

Skills

Strong analytical skills

MS Excel

Data analysis

Communication skills

Education

Bachelor’s Degree in Finance, Accounting, Economics, Mathematics, Business Administration or related field

Tools

FISERV AL Risk Management

Job description

Overview

Reports to: Manager, Financial Risk

Functions Supervised: None.

Primary Functions: Conduct detailed, comprehensive and independent financial risk analyses.Duties and 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.

Qualifications

Education: Bachelor’s Degree in Finance, Accounting, Economics, Mathematics, Business Administration or related field.

Creditable Experience in Lieu of Education: Four years experience in a similar position or in an analytical environment. Experience with FISERV AL Risk Management software or other ALM software preferred.

Experience/Skills: Preferably four years of experience in similar or related position. Must have the 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.Tenure: Assignment to the Financial Risk Analyst I (Category 10), Financial Risk Analyst II (Category 09) or Financial Risk Analyst III (Category 08) will be determined by the candidate’s education or experience. Advancement requires management recommendation and will be based on the candidate’s certifications and/or performance.

Compensation

Starting base salary will be determined based on candidate experience, qualifications, education, and applicable local or state wage requirements, and will fall within the range provided below. In accordance with our Salary Administration policy, new hire base salaries generally fall between the minimum and midpoint of the listed range.

Salary Pay Range: 08

$79,989 - $132,798 annually

Salary Pay Range: 09

$69,557 - $112,677 annually

Salary Pay Range: 10

$63,233 - $99,908 annually

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

Equal Opportunity Employer