Financial Analyst I
INTERNATIONAL BANK OF COMMERCE
- # Financial Analyst IApply: San Antonio, TX: Full time: Posted 2 Days Ago: R16201### IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's \"We Do More\" philosophy reflects its dedication to the growth and success of its employees, customers and communities. IBC bank hires talented, creative and dedicated individuals to help our business succeed. We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence. We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience.**Time Type:**Full time**This is an in-office position.********Department:******675 Asset/Liability Investment Management******Job Summary:******The Financial Analyst I is part of the Enterprise Risk Management (“ERM”) team, which is central to the company’s risk management activities, risk and performance measurement, and the annual budget and planning process. As a member of ERM team, the Financial Analyst I is involved in various risk and performance related topics including, but not limited to, financial planning, profitability measurement, balance sheet management, credit risk, interest rate risk, liquidity risk, solvency and operational risk. The Financial Analyst I performs assignments; including maintenance of the work product, conducting research, and providing recommendations; within asset and liability modeling (“ALM”), stress testing, scenario analysis and development, and other modeling activities; financial forecasting and budgeting; and management and board reporting over performance and risk/exposure levels, including key performance indicators and ratio analysis.******Job Description:**********ESSENTIAL JOB FUNCTIONS******The statements on this job description are intended to describe the general nature of level of work being performed by incumbents. They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.**Modeling Activities* Applies knowledge and skills to perform assignments, under the direction of senior analysts, within model development, testing, monitoring, maintenance, and validation. Modeling activities support the execution of ALM, including earnings-at-risk (“EAR”) and economic value of equity (“EVE”) measurements; stress testing , the annual budget process, and other ad hoc purposes.* Researches and recommends model modifications to senior analysts and department manager; including modifications to inputs, assumptions, and methodology.* Researches and recommends scenario modifications to senior analysts and department manager, including the development and implementation of new scenarios and interest rate shocks.* Documents model assumptions, other inputs, and model limitations.* Documents, supports, and communicates the results of modeling activities to senior analysts and supervisors.* Prepares presentation materials that communicate methodologies, assumptions, limitations and results to senior management and the Board of Directors.* Understands and assists in the implementation of industry best practices to modeling methodology including Model Risk Management.Financial Forecasting and Budgeting* Applies knowledge and skills to run existing models on complex balance sheet and income statement lines for use within the annual budget.* Forecasts non-complex lines by conducting historical performance analysis including the identification of trends.* Actively participates with senior analysts in consulting the lines of business (“LOB”) to gather data, reach conclusions and review the LOB’s budget inputs for context and accuracy.* Documents, supports, and communicates all annual budget processes, methods, and results to senior analysts and supervisors.* Maintains and distributes budget reports, including the budget report to be approved by the Board of Directors, monthly budget variance reports, and ad hoc reporting based on budgeted figures.Management and Board Reporting* Researches and make recommendations to senior analysts and department manager around the development and maintenance of tools/programs that quantify risk exposures/levels; including, but not limited to, credit risk, interest rate risk and liquidity risk.* Maintains reporting that communicates risk exposures/levels, including an evaluation of compliance with the policies approved by the Board of Directors.* Researches and make recommendations to senior analysts and department manager in the development and maintenance of tools/programs that monitor profitability and other performance metrics.* Performs financial benchmark analysis against historical figures, peers, and high-performance levels.* Communicates profitability and other financial metrics to senior analysts and supervisors.* Understands and implements industry best practices to measuring profitability, performance, and risk exposures.Other Activities* Collects and maintains large data sets to use within financial modeling.* Researches and make recommendations to senior analysts and department manager in the development of new methods for financial data collection and redevelopment of existing methods for financial data collection.* Actively participates with senior analysts in consulting and providing support to performance/risk measurement or modeling efforts outside of Enterprise Risk Management by providing necessary data, studies, or analysis as required.* Maintains department procedures.* Develops an understanding of the bank’s business model, products, and balance sheet. Applies this knowledge consistently on the work product.* Other related duties as assigned.**SKILLS**Minimum Skills* Strong degree of proficiency with Microsoft Word, Excel, and PowerPoint.* Ability to conduct complex problem solving and critical thinking in a fast-paced environment.* Must have effective communication skills, both written and verbal. Must have the ability to explain complex technical concepts in simple non-technical language.Preferred Skills* Knowledge of retail or commercial banking and its products.* Working knowledge of VBA and SQL programming languages.* Working knowledge of statistical software, such as R or EViews.**EDUCATION*** Bachelor's degree in Finance, Accounting, Mathematics, Economics or other quantitative major.* Experience in financial modeling or forecasting, which could be evidenced through school experience.### About UsIBC Bank was founded in 1966 to meet the needs of small businesses in Laredo, Texas. The bank's success is a result of an aggressive and innovative attitude. The Bank's \"We Do More\" philosophy reflects it's dedication to the growth and success of it's employees, customers and communities. Our commitment to \"Do More\" for the communities we serve permeates our company from top down. The success of IBC and it's 50 consecutive years of growth and profitability are due to strong leadership, customer centric business philosophy and our motto of \"Doing More\" in our communities.**Wait there's more!**We offer a comprehensive benefits package, based on eligibility, benefits include:* Medical Plan* Employer Paid Life Insurance* Flexible Spending Program* 401k* Profit Sharing Program* Supplemental Benefit Programs such as: Vision, Dental, Disability* Tuition Assistance Program* Sick Leave* Vacation* Paid Holidays
- J-18808-Ljbffr INTERNATIONAL BANK OF COMMERCE
Vacancy posted 3 days ago
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