Senior Capital Markets Risk Analyst – Investment Portfolio

Western Alliance Bancorporation; Phoenix (AZ); On-site; USD 115,000 - 143,000; Full time

Benefits offered by this job

Competitive salary

401k matching

Tuition assistance

Wellness program

Employee volunteer program

Job summary

Western Alliance Bank's Financial Risk Management group is seeking a Senior Capital Markets and Investment Portfolio Risk Analyst to monitor market, liquidity, and capital risks across investment securities and mortgage assets. You will partner with Treasury and Mortgage Capital Markets to challenge assumptions and strengthen the firm's risk governance framework.

This role is ideal for someone with a strong analytical background and a proactive approach to risk reporting, stress testing, and

Qualifications

• Bachelor's degree in finance, Economics, Mathematics (CFA/FRM preferred).
• 4+ years in Asset Liability Management, investment portfolio oversight, Mortgage Capital Markets, or related field with analytics focus.
• Familiarity with fixed income securities, derivatives, and hedging instruments.
• Understanding of regulatory frameworks and risk management principles.
• Strong understanding of second line of defense principles.
• Analytical mindset with attention to detail.
• Ability to work collaboratively with different teams.
• Good written and verbal communication skills.

Responsibilities

• Independently review risk exposures within investment securities, mortgage servicing asset, and loans held for sale portfolios.
• Monitor hedging strategies and asset portfolio performance under various market conditions including interest rate, spread, liquidity stress scenarios.
• Review and validate management assumptions, model outputs, and stress testing used to support risk decisions.
• Evaluate emerging market developments and their impact on asset performance and risk exposures.
• Produce and enhance risk reporting delivered to executive management and governance committees.
• Monitor adherence to Board-approved risk limits and regulatory requirements.
• Build effective relationships across Treasury and Mortgage Capital Markets teams to gather data and support risk oversight activities.
• Support the documentation of risk reviews, challenge activities, and oversight processes in accordance with governance standards.

Skills

Analytics

Fixed income

Derivatives

Hedging

Regulatory knowledge

Second line of defense

Analytical mindset

Collaboration

Communication skills

Education

Bachelor's degree in finance, Economics, Mathematics

CFA/FRM

Job description

Western Alliance Bank's Financial Risk Management group is seeking a Senior Capital Markets and Investment Portfolio Risk Analyst to monitor market, liquidity, and capital risks across investment securities and mortgage assets. You will partner with Treasury and Mortgage Capital Markets to challenge assumptions and strengthen the firm's risk governance framework.

This role is ideal for someone with a strong analytical background and a proactive approach to risk reporting, stress testing, and