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FourLeaf Federal Credit Union · 21 hours ago

Senior Financial Risk Analyst

United States

Full-time

Remote

Mid, Senior Level

$40.41/hr - $48.50/hr

3+ years exp

FourLeaf Federal Credit Union is committed to the financial well-being of its members and provides a great workplace for its employees. The Senior Financial Risk Analyst will assist in developing and implementing the Enterprise Risk framework, continuously monitor financial risk indicators, and recommend risk mitigation strategies.

BankingCommunitiesFinanceFinancial ServicesInsuranceLendingMortgage

Responsibilities

Assist in developing, implementing, and maintaining the credit unions’ Financial Risk framework, including but not limited to, Model Risk, Insurance Risk, Credit Risk, Investment Risk, Interest Rate Risk and Deposit Risk. In addition to supporting assessments for New Products, Services, Project and Third-Party Assessments

Continuously monitor and measure key financial risk indicators to identify emerging financial risks and assist in assessing the organization's overall risk exposure. Use quantitative and qualitative techniques to analyze and model potential risks, including stress testing, scenario analysis, and simulations for key risks tied to financial transactions, cashflow, assets and liability management and investments

Recommend and implement risk mitigation strategies, such as hedging, diversification, insurance, and contingency planning. Work closely with various stakeholders, including senior management, business units, and external parties, to communicate and address risk-related issues

Assist Financial Risk Manager with the assessment of all new and existing models used by the Credit Union, and monitor, execute, and maintain model validations to ensure timely reviews, performance accuracy, and compliance with regulatory and internal standards

Assist with the implementation, assessment and maintenance of insurance policies for FourLeaf in align with regulatory requirements and strategic objectives

Partner with financial risk team and first line of defense to identify, track and monitor financial risk and control gaps through the various programs for remediation, in addition to reviewing the policy and procedures for regulatory updates

Assist in the preparation of the monthly, quarterly, annual, and ad hoc Financial Risk reports and presentations for the EVP/Chief Legal & Risk Officer, First Vice President of Enterprise and Third-Party Risk Management, Enterprise Risk Management Committee, Employee Asset Liability Committee and Board/Board Committees

Stay updated with applicable regulations and ensure the organization's risk management practices align with regulatory requirements. Continuously monitor industry developments, best practices, and emerging risk management techniques to enhance the organization's risk management capabilities

Qualification

Financial Risk ManagementModel RiskStress TestingFinancial Risk CertificationMicrosoft ExcelPythonSQLRC++Statistical AnalysisOrganizedProblem SolvingCritical ThinkingInterpersonal CommunicationDetail OrientedTeam PlayerAdaptability

Required

Bachelor's degree in Finance, Engineering, Economics, and/or Actuarial Sciences Accounting

3-5 years' experience in a financial institution with a related area of Financial Risk Management, Insurance Management, Stress Testing, Model Risk, Finance and/or Accounting

Financial Risk Management Certification (FRM) or Chartered Financial Analyst (CFA)

Proficiency with Microsoft Excel is a must

Ability to work independently and effectively in a continually changing and fast paced environment

Strong critical thinking, problem solving and writing skills

Strong technical and data relationship skills

Strong insurance management background

Strong foundation in model development, governance and risk

Strong interpersonal communication skills to work with peers, management, and external parties, must be detailed oriented, organized and a team player

Strong understanding of how to review and assess cash flow, assets, liabilities, and financial transactions

Self-starter, seeks out opportunities to learn and grow

Adaptable to vetting and using technology solutions for efficiency and optimization