Financial Risk Program Lead
Financial Risk Program Lead
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Job Description
Please reference the schedule and minimum qualifications listed below before applying.
If you need assistance with filling out our application form or during any phase of the application interview or employment process please notify our Human Resources Team at option 1 or email and every reasonable effort will be made to accommodate your needs in a timely manner.
Job Summary
This role provides independent second-line oversight of financial risk including financial models key modeling assumptions and financial outputs and reporting. The lead will ensure robust financial risk governance frameworks support model validation through backtesting performance assessments and other evaluation methods and assess alignment with regulatory expectations and the credit unions defined risk appetite.Job Description
LOCATION
Mountain America Center
9800 S Monroe St
Sandy UT 84070
SCHEDULE
Hybrid work environment with a blend of in-office and remote flexibility. Expectation of 3 days in the office based on business needs.
To be effective an individual must be able to perform each job duty successfully.
- Provide independent oversight and effective challenge of financial risk exposures including interest rate risk liquidity risk and capital adequacy.
- Review and challenge key assumptions methodologies and outputs in asset-liability management (ALM) capital planning and liquidity forecasting models.
- Participate in management and risk committees offering objective insights and recommendations.
- Monitor adherence to liquidity and interest rate risk appetites and escalate emerging risks.
- Evaluate the effectiveness of risk mitigation strategies related to funding and capital structure.
- Support the development of financial risk policies limits and controls.
- Stay current on regulatory developments (e.g. NCUA FFIEC Basel III/IV) and assess their impact.
- Contribute to enterprise risk management (ERM) by integrating financial risk insights into broader assessments.
- As the program evolves potentially manage financial risk analysts.
- Perform other related duties as assigned.
KNOWLEDGE SKILLS and ABILITIES
The requirements listed are representative of the knowledge skills and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.
Education and Experience
- Bachelors degree in Finance Mathematics Statistics or a related field; advanced degree (MS MBA PhD) or certifications (CFA FRM) preferred.
- 7 years of experience in financial modeling and quantitative analysis within banking or financial services.
- Strong understanding of bank or credit union financials regulatory capital frameworks (Basel III/IV) liquidity standards (LCR NSFR) and model risk management frameworks (e.g. SR 11-7)
- Proven ability to lead validate or challenge financial models and risk assumptions in a second-line or oversight capacity.
- Extensive experience with statistical modeling and scenario analysis
- Expert knowledge of regulatory stress testing frameworks
- Ability to translate complex quantitative insights into clear and simple communication
- Familiarity with regulatory expectations (e.g. NCUA FFIEC Basel III/IV)
- People leadership experience preferred
Knowledge & Skills
- Expertise in Excel and financial modeling tools;
- Experience developing hedging strategies using derivatives such as interest rate swaps caps floors and futures.
- Extensive knowledge of liquidity metrics (LCR NSFR) and contingency funding planning
- Leadership experience with the ability to articulate a vision engage stakeholders across the organization and drive execution toward strategic goals.
- Strong analytical and problem-solving skills
- Strong presentation skillset with the ability to communicate complex topics to diverse audiences
- Excellent verbal and written communication skills
Leadership and Organization Development
- Creates a sense of urgency and accountability in delivering objectives and a culture which fosters innovation and creativity
- Develops multifunctional leadership
- Drives MACUWay competencies and customer focus throughout the team or department
- Coaches individuals to reach full potential
- Significantly participates in recruiting efforts. Continually raises the bar
- May be responsible for developing and communicating team or department vision and goals
- Oversees planning process and delegation across teams and/or departments
- Go-to person in at least one major functional or technical area
- Has authority over decisions for particular projects within a group
Scope and Strategic Impact
- Applies specialized knowledge to implement programs and initiatives and contributes to problems of high complexity.
- Will serve as a technical lead for our most complex cross functional projects.
- Analyzes data to summarize findings and draws conclusions about programs to project teams
- Contributes to projects that impact the organization and is accountable for impact analysis of programs and initiatives
- Assists with priority projects and provides for a review and recommendation on current processes and technologies that facilitate operational efficiencies
- Develops relationships with key business and functional leaders
- Applies advanced subject matter knowledge to complex business issues and is regarded as a subject matter expert
- Able to handle most unique situations
- Develops expertise and may help set functional procedures and direction
- Initiates projects for a team or approves proposed projects from teams
- Identifies and institutionalizes best practices
- Develops solutions to some of the companys most challenging issues requiring significant ingenuity
- May develop long-term strategies and influence leadership decisions
- Keeps abreast of industry trends and applies knowledge to MACUs business
- Functional thought leader sought after for key decisions
Analytical Thinking & Problem Solving
- Works on complex problems / projects where analysis of situations or data requires an in-depth evaluation of multiple factors
- Exercises significant independent judgment within broadly defined procedures and practices to determine best method for accomplishing work and achieving objectives
- Makes decisions on most complex business issues
PHYSICAL ABILITIES / WORKING CONDITIONS
Physical Demands
Ability to sit talk and hear consistently
Vision Requirements
Close vision (clear vision at 20 inches or less)
Distance vision (clear vision at 20 feet or more)
Color vision (ability to identify and distinguish colors)
Weight Lifted or Force Exerted
Ability to lift up to 10 pounds frequently and up to 25 pounds occasionally
Environmental
There are no unusual environmental factors (such as a typical office)
Noise Environment
Moderate noise (business office with computers and printers light traffic)
***This Job is not eligible to be performed in Colorado or Connecticut either remotely or in-person.***
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Mountain America Credit Union is an EEO/AA/ADA/Veterans employer.
Employment Type
Full-Time
