Financial Risk Analyst I

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Overview

To perform financial analysis that maximizes profits and asset growth and minimizes operating losses and other risk exposures. Provide analytical support for various business strategies to ensure Navy Federal goals are met. Utilize and adapt financial models and simulation scenarios to optimize business performance and manage strategic risk exposure. Assist with the production of performance reports to management. Work under moderate supervision.

Responsibilities

• Develop and optimize risk strategies and credit guidelines that drive portfolio growth while ensuring that portfolios operate within boundaries of acceptable risk.
• Conduct statistical/financial analysis on internal and external market data to discover the tradeoffs of competing business objectives such as growth, profitability, market share and competitive position.
• Develop data visualization projects using data mining techniques for analyzing current and future performance.
• Create financial reports based on the impact of predictive modeling assumptions.
• Develop and test multiple hypotheses using results from analyses to generate and answer new questions leading to more in-depth understanding of business issue(s) being studied.
• Evaluate/develop/implement analytical techniques and best practices to gain a competitive advantage.
• Coordinate the production of performance reports for management.
• Serve as SME regarding product optimization and risk evaluations.
• Utilize data validation and audits to identify variances and/or deviations from forecasts.
• Identify existing and new issues pertaining to compliance with state and federal regulations to ensure necessary policies, strategies and procedures are implemented.
• Perform other duties as assigned or appropriate.
• Participate in complex interdepartmental initiatives of significant business risk & impact.
• Gather, analyze, and synthesize quantitative and qualitative data of business processes to determine and promote data driven business decisions.
• Interpret results of analysis; present recommendations, alternatives, and implications.
• Analyze processes and workflows to understand value chain, input/output, to improve and or automate business performance.
• Utilize performance measurements and indicators to identify areas for improvement; develop process improvement plans for each performance indicator or are identified.
• Analyze and reconcile data warehouse month end data to accounting data.
• Backup and review daily and monthly Funds Transfer Pricing analysis on multiple asset and liability portfolios utilizing Quantitative Risk Management system, SQL, and Tableau
• Perform monthly audit of large data sets, identify and resolve variances.
• Work with Data Warehouse to prepare data used for month end balancing and risk analytics.
• Load Month End data business day 1-4 with strict production deadlines and accuracy.

Qualifications

• Experience working in a fast-paced month-end production environment delivering timely and accurate results.
• Thorough knowledge of credit union or retail banking operations
• Evidence of progressively significant responsibility in financial risk management
• Knowledge of financial analysis, financial modeling, and ALM theory and techniques
• Knowledge and experience with programs and systems used for storing, retrieving, and analyzing large sets of data (SQL, IDW, Python…)
• Knowledge and experience with Tableau or Power BI
• Effective skill in reviewing financial models to be familiar with data inputs and model purpose.
• Effective skill researching and analyzing data, processes, and trends.
• Effective analytical/quantitative, reconciliation and deductive reasoning skills.
• Effective research, analytical, time management and problem-solving skills.
• Effective skill building effective relationships through rapport, trust, diplomacy, and tact.
• Effective skill exercising initiative and using good judgment to make sound decisions.
• Effective skill presenting findings, conclusions, alternatives, and information clearly and concisely.
• Effective skill analyzing and identifying problems and finding effective solutions.
• Effective verbal and written communication skills.
• Effective database and presentation software skills.
• Effective word processing and spreadsheet software skills.
• Experience in working with diverse internal and external contacts.
• Bachelor's Degree in a related field, or the equivalent combination of training, education, and experience

Desired Qualifications

• Master's Degree in a related field, or the equivalent combination of training, education, and experience

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 5550 Heritage Oaks Drive. Pensacola, FL 32526

About Us

You have goals, dreams, hobbies, and things you're passionate about—what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family, and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:

• Military Times 2022 Best for Vets Employers

• WayUp Top 100 Internship Programs

• Forbes® 2022 The Best Employers for New Grads

• Fortune Best Workplaces for Women

• Fortune 100 Best Companies to Work For®

• Computerworld® Best Places to Work in IT

• Ripplematch Campus Forward Award - Excellence in Early Career Hiring

• Fortune Best Place to Work for Financial and Insurance Services

Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.