Senior Investment Portfolio Risk Analyst - Capital Markets

Western Alliance Bancorporation

Las Vegas (NV)

On-site

USD 116,000 - 143,000

Full time

14 days+

Get a reply from this employer

Your resume and cover letter, tailored to exactly what they’re hiring for.

Get past ATS filters

Benefits offered by this job

Competitive salary

401(k) matching program

Medical and dental insurance

Tuition assistance program

Employee volunteer program

Wellness program

Job summary

Western Alliance Bancorporation is seeking a Senior Capital Markets & Investment Portfolio Risk Analyst to monitor market, liquidity, and capital risks across investment securities and mortgage assets. You will work with Treasury and Mortgage Capital Markets to challenge assumptions, assess emerging risks, and strengthen risk governance.

The role requires strong analytics, experience in ALM, and familiarity with fixed income and hedging instruments.

Qualifications

4+ years in Asset Liability Management, investment portfolio oversight, Mortgage Capital Markets, or related field with a strong focus on analytics.
Familiarity with fixed income securities, derivatives, and/or 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 the investment securities, mortgage servicing asset, and loans held for sale portfolios.
Monitor portfolio composition and risk measures including duration, convexity, market value sensitivity, unrealized gain/loss positions, asset yields, valuation risk, and hedge effectiveness.
Monitor and assess 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.
Identify portfolio trends, emerging risks, limit concerns, and material market developments requiring management attention.
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.