At a Glance
- Tasks: Conduct detailed financial risk analyses and assist in asset/liability management processes.
- Company: Join a leading credit union focused on financial stability and growth.
- Benefits: Enjoy competitive salary, comprehensive health insurance, 401(k) match, and tuition reimbursement.
- Other info: Dynamic work environment with opportunities for career advancement and professional development.
- Why this job: Make a real impact by analysing financial risks and enhancing decision-making processes.
- Qualifications: Bachelor’s degree in finance or related field; analytical skills and experience preferred.
The predicted salary is between 132798 - 132798 £ per year.
Reports to: Manager, Financial Risk
Functions Supervised: None.
Primary Functions: Conduct detailed, comprehensive and independent financial risk analyses.
Duties and Responsibilities:
- Assist in performing asset/liability management (ALM) process using financial models to assess Interest Rate Risk (IRR), Net Interest Income (NII), and Net Economic Value (NEV).
- Assist in business planning, budgeting, forecasting, scenario analyses of the ALM process.
- Assist in developing financial risk analyses and stress testing for IRR, credit risk, concentration risk, liquidity risk, and capital risk and prepare management reports applicable to financial risks inherent to the credit union.
- Assist in maintaining and assessing the credit union’s financial model assumptions and attributes, perform sensitivity analyses including beta’s, decay rates, prepayment speeds.
- Prepare the monthly Allowance for Loss calculations and assist in maintaining the CECL model.
- Analyze large quantities of data, perform model governance and back testing, and review data for integrity to validate results and improve model accuracy.
- Prepare ad-hoc financial risk analyses independently, efficiently, and accurately.
- Enhance analyses through automation & improvement, monitor and document related processes.
- Effectively communicate results of analyses and risk assessments to management and other analysts.
- Build collaborative relationships with coworkers, management, and vendors to create a positive, productive, and efficient work environment.
- Maintain an understanding of credit union policies and regulatory requirements pertaining to financial risks and assist in reviewing policies and procedures.
- Perform other duties as assigned.
Qualifications:
- Education: Bachelor’s Degree in Finance, Accounting, Economics, Mathematics, Business Administration or related field.
- Creditable Experience in Lieu of Education: Four years experience in a similar position or in an analytical environment. Experience with FISERV AL Risk Management software or other ALM software preferred.
- Experience/Skills: Preferably four years of experience in similar or related position. Must have the ability to communicate effectively both orally and via written reports and analysis. Demonstrated use of quantitative and analytical skills. Must be well organized, detail-oriented, have excellent problem-solving analytical mind, and be self-directed with minimal supervision. Demonstrated ability to prioritize tasks, meet deadlines and perform in an intermittent high-stress, fast-paced environment. Demonstrated ability to exercise good judgment and draw valid conclusions from data and analytics gathered. Demonstrated proficiency using MS Office with emphasis in Excel and knowledge of macros, VBA, pivot tables, and statistical functions. Experience with data warehouse and data analytics as it relates to financial analysis and financial modeling.
Tenure: Assignment to the Financial Risk Analyst I (Category 10), Financial Risk Analyst II (Category 09) or Financial Risk Analyst III (Category 08) will be determined by the candidate’s education or experience. Advancement requires management recommendation and will be based on the candidate’s certifications and/or performance.
Compensation:
Starting base salary will be determined based on candidate experience, qualifications, education, and applicable local or state wage requirements, and will fall within the range provided below. In accordance with our Salary Administration policy, new hire base salaries generally fall between the minimum and midpoint of the listed range.
- Salary Pay Range: 08 $79,989 - $132,798 annually
- Salary Pay Range: 09 $69,557 - $112,677 annually
- Salary Pay Range: 10 $63,233 - $99,908 annually
Benefits:
- Short-term and long-term incentives
- Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
- 401(k) plan with a 5% match
- Employee Assistance Program (EAP)
- Life and disability coverage
- Voluntary cash benefits for accident, hospitalization and critical illness
- Tuition Reimbursement
- Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Equal Opportunity Employer
Financial Risk Analyst I, II, III employer: Global Credit Union
As a Financial Risk Analyst at our credit union, you will thrive in a supportive and collaborative work environment that prioritises employee growth and development. We offer comprehensive benefits, including medical, dental, and vision insurance, along with a robust 401(k) plan and tuition reimbursement to help you advance your career. Our commitment to fostering a positive workplace culture ensures that you can effectively contribute to meaningful financial analyses while enjoying a healthy work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Risk Analyst I, II, III
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Global Credit Union. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Financial Risk Analyst I, II, III
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Global Credit Union.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Global Credit Union's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Global Credit Union
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Global Credit Union.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Global Credit Union will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Global Credit Union employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
