Financial Risk Analyst II (Capital Management & Stress Testing)

OverviewTo 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 appropriateQualifications• 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 preferredHours: Monday - Friday, 8:00AM - 4:30PMLocation: 820 Follin Lane, Vienna, VA 22180About UsYou 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 ServicesEqual 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/DisabilityDisclaimers: 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 positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.