29 days old

Financial Analyst (Financial Modeling)

LIC - HQ
Long Island City, NY 11101
  • Job Code
    112148450
  • Jobs Rated
    37th

Overview

Responsible for the identification, measurement, and monitoring of risk exposures related to the organization’s financial performance. Specifically, the position is responsible for maintaining the interest rate and liquidity risk measurement and income forecasting process using a sophisticated balance sheet management system.



Responsibilities

  • Provides critical analysis of modeling results for purposes of internal validation and explaining risk positions to management.
  • Conducts the derivation, implementation, and reporting of new risk metrics.
  • Ensures the integrity of the Asset/Liability Management Model's database and assumptions, and for controlling the quality and accuracy of various financial reports, including interest rate risk management reports and the financial performance forecasts.
  • Maintains and updates the ALM model parameters, organizational chart of accounts, model yield curves, and rates for all rate shock/ramp scenarios.
  • Compiles market data for use in the Asset/Liability Management system.
  • Develops and analyzes assumptions for balance sheet and statement of earnings in order to provide earning expectations and management strategies.
  • Analyzes behavior assumptions associated with non-maturity instruments, mortgage prepayments, and other financial instruments. Maintains and enhances prepayment and core deposit decay assumptions.
  • Maintains ALM account attributes, operating procedures manual, and documents changes to the model.
  • Runs ad-hoc “what if” scenarios.
  • Conducts model benchmarking and back-testing of key model assumptions.
  • Develops liquidity analyses of sources and uses of funding to ensure adequate normal and contingency scenarios.
  • <br /><b>Overview</b><br/><br /><p style="margin: 0px;"><span style="font-family: Univers, sans-serif; font-size: 10pt;"><span style="font-family: arial, helvetica, sans-serif;">Responsible for the identification, measurement, and monitoring of risk exposures related to the organizations financial performance. Specifically, the position is responsible for maintaining the interest rate and liquidity risk measurement and income forecasting process using a sophisticated balance sheet management system.</span> </span></p><br /><br /><b>Responsibilities</b><br/><br <ul><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Provides critical analysis of modeling results for purposes of internal validation and explaining risk positions to management.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Conducts the derivation, implementation, and reporting of new risk metrics.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Ensures the integrity of the Asset/Liability Management Model's database and assumptions, and for controlling the quality and accuracy of various financial reports, including interest rate risk management reports and the financial performance forecasts. </span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Maintains and updates the ALM model parameters, organizational chart of accounts, model yield curves, and rates for all rate shock/ramp scenarios.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Compiles market data for use in the Asset/Liability Management system. </span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Develops and analyzes assumptions for balance sheet and statement of earnings in order to provide earning expectations and management strategies. </span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Analyzes behavior assumptions associated with non-maturity instruments, mortgage prepayments, and other financial instruments. Maintains and enhances prepayment and core deposit decay assumptions. </span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Maintains ALM account attributes, operating procedures manual, and documents changes to the model.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Runs ad-hoc what if scenarios.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Conducts model benchmarking and back-testing of key model assumptions.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Develops liquidity analyses of sources and uses of funding to ensure adequate normal and contingency scenarios.</span></li></ul> <img src="https://analytics.click2apply.net/v/1w85qnSJ1e1ruAprUMYDz"> <br/><br/><br /><b>Qualifications</b><br/><br /><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>TYPE & AMOUNT OF EXPERIENCE:</strong></span></p><ul><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Bachelors degree in Finance</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Enrollment in the CFA program is preferred or will be expected during employment</span></li></ul><p style="margin-left: .75in;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"> </span></p><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>TECHNICAL COMPETENCIES:</strong></span></p><ul><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Knowledge of financial accounting and analysis</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Adept at Excel and data analysis/management skills</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Proficiency with database management and PowerPoint</span></li></ul><p style="margin-left: .75in;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"> </span></p><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>BEHAVIORAL COMPETENCIES:</strong></span></p><ul><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Excellent interpersonal skills and high detail orientation </span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Strong organizational and project management skills</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Strong analytical and quantitative skills</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Professional communication skills, both verbal and written</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Able to multi-task in a fast paced environment</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Professional appearance and a willingness to work flexible hours</span></li></ul><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"> </span></p><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>WORK ENVIRONMENT/CONDITIONS:</strong></span></p><ul><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Standard office conditions</span></li></ul><p style="margin: 0px;"><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;"> </span></p><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><em><span style="color: red;">In addition to any specific job requirements in connection with Bank Secrecy Act and/or OFAC (BSA), employee must (i) be aware of BSA matters commensurate with the position; (ii) report any suspicious activity to the manager or compliance department; and (iii) satisfactorily complete any required BSA training.</span></em></span></p><p>PI112148450</p>

    Categories

    Jobs Rated Reports for Financial Analyst

    Posted: 2019-07-20 Expires: 2019-08-20

    Before you go...

    Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

    Share this job:

    Financial Analyst (Financial Modeling)

    LIC - HQ
    Long Island City, NY 11101

    Join us to start saving your Favorite Jobs!

    Sign In Create Account
    Financial Analyst
    37th2018 - Financial Analyst
    Overall Rating: 37/220
    Median Salary: $84,300

    Work Environment
    Good
    55/220
    Stress
    Medium
    97/220
    Growth
    Fair
    90/220
    Powered ByCareerCast