Financial Risk Analyst III

Financial Risk Analyst III

Provides intermediate level financial, quantitative, and market risk analyses. Utilizes financial modeling software programs, Excel, database applications, and subsidiary systems in support of the Bank's financial risk management. Participates in the use and maintenance of the earnings simulation model, prepayment model, interest rate risk model, and other market risk models and subsidiary processes and systems.

Principal Duties and Responsibilities:

• Researches, creates, develops, interprets, applies, implements, and presents financial analyses projects concerning all facets of the financial operations, including earnings projections, market risk exposure, funding/hedging activities, advances, mortgage loans, mortgage-backed securities, short-term investments, Consolidated Obligations, structured debt, capital, retained earnings, derivatives, mortgage prepayment speeds, interest rate volatility, basis risk, term structure modeling, balance sheet composition, and leverage.
• Utilizes the earnings simulation model, and other models as assigned, including documentation of procedures, preparation of input data using appropriate systems and programs, automation of data management, organization and processing of reports and analyses, analysis and verification of results, and developments and enhancements.
• Produces regular analytical reports on actual and projected profitability at the total balance sheet and portfolio level.
• Utilizes financial software packages and systems to perform analyses, which may include Windows applications (particularly Excel and CoPilot), SQL, PowerBI, Bloomberg, PolyPaths, Black Knight, and Bank proprietary software and programs.
• Participates in fulfilling the Department's compliance with Sarbanes Oxley legislation, model governance requirements, and end-user computing requirements.
• Performs other duties as assigned by management.

Minimum Knowledge, Skills and Abilities Required:

• Knowledge at a level normally acquired through completion of a Bachelor's Degree in finance, accounting, economics, or related field. Master's Degree in work-relevant business field highly preferred.
• Three years of related analytical experience preferably in the financial services industry.
• Knowledge of financial theory and financial modeling systems and practices related to earnings simulations, profitability trends, interest rate risk, asset/liability management, fixed-income, mortgage securities and derivatives is preferred.
• Intermediate skills in the use of Excel and PowerBI, as well as general database management techniques are required. Understanding of other languages and applications, including VBA is preferred.
• Analytical skills necessary to develop, produce, interpret, and present a variety of financial reports and analyses.
• Understanding of relevant generally accepted accounting principles, especially those related to financial institutions, mortgage securities, and derivatives.
• Detail-oriented and possess analytical skills necessary to research, troubleshoot, prepare, and present a variety of reports and analyses in a fast-paced, continually evolving atmosphere.
• Excellent verbal, written, and interpersonal communication skills necessary to effectively interact with all levels of Bank staff.
• Demonstrates interests in working with a variety of backgrounds and perspectives that align with the Bank's core value. Promotes an environment of empathy and respect to ensure the inclusion of all team members.

Working Conditions: Requires daily use of personal computer. Flexibility to work outside of normal working hours and meet multiple and changing deadlines in a fast-paced environment.