Senior Financial Risk Analyst

Western Alliance Bancorporation; Dallas (TX); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Competitive salaries

Employee ownership stake

Medical and dental insurance

Time off

401k matching program

Tuition assistance program

Volunteer program

Wellness program

Job summary

Western Alliance Bank, a subsidiary of Western Alliance Bancorporation, seeks a Senior Financial Risk Analyst to support risk oversight for investment and mortgage asset portfolios, including hedging activities. The role emphasizes risk reporting, data gathering with Treasury and ALM teams, and adherence to regulatory standards.

The ideal candidate has 4+ years in risk analytics, strong quantitative skills, and a solid understanding of second line of defense governance.

Qualifications

• Bachelor's degree in finance, economics, mathematics, or related field; master's or CFA/FRM preferred.
• 4+ years in risk management, Asset Liability Management, investment portfolio oversight, or Mortgage Capital Markets with analytics focus.
• Familiarity with fixed income securities, derivatives, or hedging instruments is a plus.
• Intermediate to advanced knowledge of banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Intermediate to advanced knowledge of regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Understanding of regulatory frameworks and risk management principles.
• Strong understanding of second line of defense principles and governance.
• Analytical mindset with attention to detail.
• Ability to work collaboratively with different teams.
• Advanced written and verbal communication skills.

Responsibilities

• Risk Monitoring: Review investment portfolio and mortgage asset exposures and hedging strategies, including basic scenario analysis and stress testing.
• Prepare risk reports and summaries for management and risk committees.
• Work with Treasury, Mortgage Capital Markets, and Asset Liability Management teams to gather data and support risk oversight activities.
• Support documentation of oversight processes and ensure adherence to risk limits and regulatory requirements; review hedge performance metrics.
• Prepare risk oversight reports for senior management and risk committees.
• Ensure compliance with Board-approved risk limits and regulatory requirements.
• Maintain documentation of oversight processes and challenge activities.

Skills

Analytical mindset

Attention to detail

Team collaboration

Advanced written and verbal skills

Risk management knowledge

Governance and controls

Education

Bachelor's degree in finance, Economics, Mathematics, or related field

Master's degree or CFA/FRM preferred

Job description

Job Title:

Senior Financial Risk Analyst

Location:

CityScape

What you'll do:

The Financial Risk Management Group (FRM) oversees risk-taking activities of Treasury and Mortgage Capital Markets. This role within FRM focuses specifically on Investment Portfolio, Mortgage Servicing Rights and Loans Held for Sale exposures. The team facilitates effective use of risk appetite to monitor and assess risk-taking activities. The group also plays a key role in keeping senior management appraised of the Company's financial risk profile. This is achieved by using risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement. As a Financial Risk Senior Analyst, you will support the oversight of the company's investment portfolio and mortgage asset portfolio, along with their respective hedging activities. You'll help monitor risk exposures, review risk reports, and assist in ensuring compliance with internal policies and regulatory standards. This role is ideal for someone with a strong analytical background who is looking to develop their expertise in financial risk management.

• Risk Monitoring: Assist in reviewing investment portfolio and mortgage asset exposures and hedging strategies, including basic scenario analysis and stress testing. Monitor portfolio exposures (duration, convexity, liquidity, credit risk) and validate stress testing results.
• Help prepare risk reports and summaries for management and risk committees.
• Work with Treasury, Mortgage Capital Markets, and Asset Liability Management teams to gather data and support risk oversight activities.
• Support the documentation of oversight processes and help ensure adherence to risk limits and regulatory requirements. Review hedge performance metrics (e.g., Earnings at Risk, and Economic Value of Equity)
• Prepare risk oversight reports for senior management and risk committees.
• Ensure compliance with Board-approved risk limits and regulatory requirements.
• Maintain documentation of oversight processes and challenge activities.

What you'll need:

• Bachelor's degree in finance, Economics, Mathematics, or related field; master's degree or CFA/FRM preferred.
• 4+ years in risk management, Asset Liability Management, investment portfolio oversight, or Mortgage Capital Markets with a strong focus on analytics.
• Familiarity with fixed income securities, derivatives, or hedging instruments is a plus.
• Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Understanding of regulatory frameworks and risk management principles.
• Strong understanding of second line of defense principles and governance.
• Analytical mindset with attention to detail.
• Ability to work collaboratively with different teams.
• Advanced written and verbal communication skills.

Benefits you’ll love:

• competitive salaries
• an ownership stake in the company
• medical and dental insurance
• time off
• a great 401k matching program
• tuition assistance program
• an employee volunteer program
• a wellness program

In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email [e-mail] or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation