SR Principal Financial Risk

Patelco Credit Union

Dublin (CA)

On-site

USD 157,000 - 196,000

Full time

9 days ago

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Benefits offered by this job

Medical, Dental, Vision

401(k) matching

Onsite fitness center

Paid holidays

Tuition reimbursement

Job summary

Patelco Credit Union is seeking a SR Principal Financial Risk to oversee and drive the financial risk management framework, covering liquidity, interest rates, capital, and modeling. You will lead development, review, and validation of sophisticated models, collaborate with senior leadership, and ensure regulatory alignment and robust risk controls.

You will work with Finance, Treasury, Lending, Risk, and Data Engineering to integrate risk considerations into daily operations and strategic

Qualifications

Master's degree in Finance, Economics, Accounting, Risk Management, or related field.
Advanced certifications (CFA, FRM, PRM) preferred.
Experience: at least 10 years in financial risk management; 5+ years in leadership.
Technical: experience with risk modeling software, risk management systems, programming (VBA/SQL/MatLab). Regs knowledge (NCUA/FFIEC).

Responsibilities

Lead and evolve a comprehensive financial risk management framework.
Provide executive-level risk oversight to Board and ALCO.
Develop and challenge advanced risk models (stress tests, ALM, credit models).
Guide asset-liability management and capital strategy with Finance.
Deliver data-driven risk analyses and automated reporting.
Support cross-functional collaboration with Finance, Treasury, Lending, Risk, Data Engineering.
Ensure regulatory compliance & reporting for liquidity, rates, ALM, credit risk.

Skills

Leadership

Financial risk management

Regulatory compliance

Data analysis

Programming (VBA/SQL)

Education

Master's degree in Finance/Economics/Accounting

Risk management certifications (CFA/FRM/PRM)

Tools

SAP

SUMMIT

SQL

MatLab

Job description

About Patelco Credit Union

Patelco Credit Union is a not-for-profit credit union with a purpose to build financial health and wellbeing for our members. Since 1936, Patelco has grown from $500 in assets to over $9 billion in assets and is the 7th largest credit union in California with branches throughout Northern California.

We are here for our members throughout all their stages of life. Meeting them with the products and services to help them plan purposefully for their futures and to secure our life-long partnership as their trusted financial advocate. As one team, we are all committed to delivering service, empowering financial literacy, creating products, and providing new technology for our members.

We believe that work should be rewarding, challenging, and enjoyable. We're dedicated to creating a positive and supportive culture where our team members can thrive. If you're looking to use your skills and knowledge to make a difference in our members' lives, Patelco could be the perfect fit for you.

Overview

The SR Principal Financial Risk - is a strategic leader who will oversee and drive the financial risk management framework for the credit union, ensuring robust risk management in areas including liquidity, interest rates, capital, and financial modeling, and support for the credit risk management function. This position will lead the development and/or reviewing and challenging the current financial risk strategies, influence senior decision-making, and proactively manage risks to help ensure the financial stability and long-term success of the organization. The role will also focus on the technical aspects of financial risk management, including the development, implementation, and challenge/validation of advanced financial models such as ones used for stress testing, risk forecasting, ALM, and Credit Risk. The Principal will collaborate closely with senior leadership, cross-functional teams, and the board of directors to align overall financial risk management with business objectives and regulatory requirements.

Responsibilities

Strategic Oversight and Leadership: Assist with the creation, implementation, and continuous evolution of a comprehensive financial risk management framework, ensuring alignment with regulatory requirements and strategic business objectives. Help drive the overall financial risk management strategy in collaboration with senior leadership, the CRO, the CFO, and the board.
Executive Risk Leadership: Provide executive-level oversight and strategic recommendations to senior leadership, the Board of Directors, and the Asset-Liability Committee (ALCO) to help align risk management and optimization strategies with organizational goals. Advise on key financial risk decisions, including capital, ALM, Credit, and liquidity strategies.
Financial Risk Modeling & Analysis: Develop, implement, challenge, review, validate, and/or enhance sophisticated financial risk models, including stress testing, scenario analysis, ALM, and credit models to help predict and manage risks related to liquidity, interest rates, credit, and capital. Help ensure that these models are integrated into decision-making processes across the organization.
Capital & Liquidity Strategy: In coordination with the Finance Team, guide asset-liability management and capital strategy decisions, helping ensure optimal liquidity levels and minimized capital risks. Utilize and/or review/challenge current financial modeling and scenario analysis, and in conjunction with the Finance Team, help optimize the balance sheet structure and optimize financial risks.
Data-Driven Decision Support: Provide senior management with detailed, data-driven financial analyses, reports, and projections. Help develop (automated) financial risk reporting systems to ensure accurate and timely data for decision-making.
Forecasting & Stress Testing: Develop, maintain, and/or review and challenge current forecasting tools, help regular stress testing to assess potential risks under various economic conditions, and provide insights into liquidity, capital, and asset-liability positions.
Cross-Functional Collaboration: Work closely with teams in Finance, Treasury, Lending, Risk Management, and Data Engineering to integrate financial risk considerations into both daily operations and long-term strategic planning. Ensure collaboration between departments to optimize financial risks and drive business results.
Regulatory Compliance & Reporting: Serve as the subject matter expert on financial risk regulations, ensuring the organization complies with all relevant regulatory requirements, particularly in the areas of liquidity, interest rate, ALM, and credit risk management.
Crisis Management and Risk Response: Help lead risk mitigation efforts during financial stress or market disruptions. Provide strategic direction and advice during times of economic instability, ensuring that the credit union is well-prepared for potential challenges.
System & Process Innovation: Foster a culture of continuous innovation within financial risk management by exploring new methodologies, technologies, and tools to improve financial risk modeling and analytics. Ensure the integration of new systems and processes into existing risk management strategies.
Mentorship & Talent Development: Cultivate a high-performance culture, providing mentorship and leadership to junior team members. Foster the development of core competencies in financial risk management within the team.
Comprehensive Risk Reporting: Deliver high-level risk assessments and executive presentations to the Board and senior leadership, facilitating informed decision-making to support the long-term financial health of the credit union.

Qualifications

Educational Background: Master's degree in Finance, Economics, Accounting, Risk Management, or a related field. Advanced certifications (e.g., CFA, FRM, PRM) are preferred.
Experience: At least 10 years of experience in financial risk management, including 5+ years in a leadership role. Experience in a credit union, bank, or financial institution is highly desirable.
Technical Expertise: Proven experience with financial modeling software, risk management systems, and programming (e.g., VBA, SQL, or MatLab). Knowledge of SAP and SUMMIT is a plus.
Regulatory Expertise: Extensive knowledge of financial regulations (e.g., NCUA, FFIEC) and regulatory compliance requirements. Experience in managing financial risk reporting systems and ensuring alignment with regulatory standards.

Target Base Pay

$156,975-196,220

Compensation At Patelco

Please note that the salary information is a general guideline only. Patelco Credit Union considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as market and business considerations when extending an offer. We offer a competitive total rewards package including a Short-Term Incentive (STI) program for all regular positions and a wide range of medical, dental, vision, financial, and other benefits.

We Offer

Physical Health