Financial Risk Analyst II (Capital Management & Stress Testing)

Job Description

To perform financial analysis and modeling 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 innovative financial models and simulation scenarios to optimize business performance and minimize strategic risk exposure.

Develop and coordinate the production of performance reports to management. Work under minimal supervision.

Responsibilities

• Develop and optimize risk strategies and credit guidelines that drive portfolio growth while ensuring that portfolios operate within boundaries of acceptable risk
• Build models to evaluate and optimize business strategies across the lifecycle of credit products / services
• 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
• Provide financial modeling to evaluate and predict profitability and performance of products and / or services
• Optimize and recommend pricing strategies for products and services using mathematical modeling techniques
• Develop predictive modeling projects using data mining techniques for analyzing current and future performance
• Create financial reports based on the impact of predictive modeling assumptions
• Perform full cycle model design and development, including identifying objectives, sampling, testing / validation, calibration, and monitoring performance
• Develop various financial models and provide cost-benefit analyses for business and strategic opportunities, market share, and profitability
• 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 regression techniques / back testing 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
• Prepare position papers to highlight issues which may or will impact Navy Federal operations
• Perform other duties as assigned or appropriate

Qualifications

• Significant experience in financial modeling, forecasting, cost benefit analysis and cash-flow analysis
• Advanced knowledge of statistical methods such as linear and logistic regression, neural networks, decision trees, time-series and forecasting, K-means clustering, survival analysis, etc.
• Advanced knowledge of mathematical optimization techniques such as linear and mixed-integer programming, including experience in stochastic optimization
• Significant experience in statistical / risk modeling and forecasting preferably related to financial services
• Significant experience in working with diverse internal and external contacts
• Advanced skill in statistical methods / mathematical techniques and related analytical / data collection tools such as SAS, R, Python, SQL, JMP, etc.
• Advanced skill in building and maintaining financial models and performing comparative financial modeling using pertinent industry analysis and current assumptions
• Advanced skill researching and analyzing data, processes and trends
• Analytical / quantitative, reconciliation and deductive reasoning skills
• Advanced research, analytical, and problem solving skills
• Advanced skill exercising initiative and using good judgment to make sound decisions
• Advanced skill presenting findings, conclusions, alternatives and information clearly and concisely
• Advanced verbal and written communication skills
• Advanced database and presentation software skills
• Advanced word processing and spreadsheet software skills
• Master's Degree in a related field, or the equivalent combination of training, education and experience
• Experience with Financial Statement Analysis and bank or credit union accounting policy, particularly with respect to loan loss reserve (CECL)
• Understanding of, and prefer experience with, prepayment and loan loss modeling
• Experience with DFAST, CCAR, or NCUA stress testing processes
• Knowledge of bank or credit union capital adequacy measures
• Knowledge of bank or credit union market risk evaluation processes, including Economic Value of Equity (EVE) and Net Interest Income (NII) sensitivity
• Experience with bank or credit union liquidity risk, including Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), and liquidity stress testing
• Attention to detail and maintaining controls, and a demonstrated ability to research, analyze and interpret complex statistical and financial data
• Experience participating in cross-functional, multi-dimensional teams and projects
• Persuasive and diplomatic communication, both verbal and written, of facts and conclusions related to complex analytical results and issues
• Effective interaction with all levels of management and staff as well as external entities (regulators, auditors, and vendors)

Desired Qualifications

• CFA (Chartered Financial Analyst)
• FRM (Financial Risk Manager)
• Advanced degree or professional certification (CFA, FRM, or PRM) preferred
• Experience with Quantitative Risk Management (QRM) or equivalent balance sheet management software preferred

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

Location : 820 Follin Lane, Vienna, VA 22180

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed;

and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

• Best Companies for Latinos to Work for 2024
• Computerworld® Best Places to Work in IT
• Forbes® 2024 America's Best Large Employers
• Forbes® 2023 The Best Employers for New Grads
• Fortune Best Workplaces for Millennials™ 2023
• Fortune Best Workplaces for Women ™ 2023
• Fortune 100 Best Companies to Work For® 2024
• Military Times 2023 Best for Vets Employers
• Newsweek Most Loved Workplaces
• Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Yello and WayUp Top 100 Internship Programs

From Fortune. 2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

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

Hybrid Workplace : Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

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.