Financial Risk Analyst III
Employment Type : Full-Time
YOUR LIFE'S MISSION: POSSIBLE
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.
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Basic Purpose
To perform the most complex financial analysis and modeling that maximizes profits and asset growth and minimizes and operating losses and other risk exposures. Provide analytical support for largest, most impactful multidisciplinary projects/initiatives and business strategies to ensure Navy Federal goals are met. Develop new and innovative financial models and simulation scenarios to optimize business performance and minimize strategic risk exposure. Develop and coordinate the production of performance reports to senior management. Work independently under general 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 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
- Develop new and innovative financial models and simulation scenarios to optimize business performance and minimize strategic risk exposure
- 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 – All required unless otherwise noted
- Master’s Degree in a related field, or the equivalent combination of training, education and experience
- Extensive experience in financial modeling, forecasting, cost benefit analysis and cash-flow analysis
- Expert knowledge of statistical methods such as linear and logistic regression, neural networks, decision trees, time-series and forecasting, K-means clustering, survival analysis, etc.
- Expert knowledge of mathematical optimization techniques such as linear and mixed-integer programming, including experience in stochastic optimization
- Expert skill in statistical methods/mathematical techniques and related analytical/data collection tools such as SAS, R, Python, SQL, JMP, etc.
- Extensive experience in statistical/risk modeling and forecasting preferably related to financial services
- Expert skill in building and maintaining financial models, and perform comparative financial modeling using pertinent industry analysis and current assumptions
- Expert skill researching and analyzing data, processes and trends
- Extensive experience in working with diverse internal and external contacts
- Analytical/quantitative, reconciliation and deductive reasoning skills
- Expert research, analytical, and problem solving skills
- Expert skill building effective relationships through rapport, trust, diplomacy and tact
- Expert skill exercising initiative and using good judgment to make sound decisions
- Expert skill presenting findings, conclusions, alternatives and information clearly and concisely
- Expert verbal and written communication skills
- Expert database and presentation software skills
- Expert word processing and spreadsheet software skills
- Desired – PhD in a related field, or the equivalent combination of training, education and experience
- Desired – CFA (Chartered Financial Analyst)
- Desired – FRM (Financial Risk Manager)
- Desired - Experience with CECL modeling and implementation
Hours:Monday-Friday 8:00AM - 4:30PM
- Due to COVID-19 and social distancing, this position will be temporarily working from home with plans to return to campus at the desired location listed once Navy Federal is back to normal operations. The specific logistics for returning to campus will be determined at a future date by individual leadership.
Location: 820 Follin Lane Vienna, VA. 22180 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
Disclaimer
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.
Bank Secrecy Act
Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.