Senior Financial Risk Analyst: Portfolio & Hedging

Western Alliance Bancorporation; Phoenix (AZ); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive salaries

Ownership stake in the company

Medical and dental insurance

Time off

Great 401k matching program

Tuition assistance program

Employee volunteer program

Wellness program

Job summary

Western Alliance Bancorporation seeks a Senior Financial Risk Analyst to oversee investment portfolios and mortgage assets, including hedging activities and risk reporting. You will monitor exposures, review risk reports, and assist in ensuring adherence to internal policies and regulatory standards.

Ideal candidates have 4+ years in risk management with a strong analytical background, experience with fixed income and hedging, and solid knowledge of banking operations and regulatory frameworks.

Qualifications

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

Responsibilities

• 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.

Education

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

Familiarity with fixed income securities, derivatives, or hedging instruments

Knowledge of general banking operations and treasury management

Regulatory compliance knowledge (obligations, rules, and practices)

Understanding of regulatory frameworks and risk management principles

Second line of defense principles and governance

Analytical mindset with attention to detail

Strong written and verbal communication skills

Job description

Western Alliance Bancorporation seeks a Senior Financial Risk Analyst to oversee investment portfolios and mortgage assets, including hedging activities and risk reporting. You will monitor exposures, review risk reports, and assist in ensuring adherence to internal policies and regulatory standards.

Ideal candidates have 4+ years in risk management with a strong analytical background, experience with fixed income and hedging, and solid knowledge of banking operations and regulatory frameworks.