Financial Risk Analyst – Technical

Financial Risk Analyst – Technical
Minneapolis Minnesota
Exp 2-5 years
Degree Bachelors
Relo
Bonus
Occasional Travel

Job Description

Financial Risk Analysts provide independent oversight of the Bank’s management of financial risk in the following areas: interest rate risk, liquidity/funding risk, and trading/market risk. This is accomplished through review, analysis, continual monitoring and in-depth assessment of the risk management processes used by the lines of business. FRA is responsible for critically evaluating the quality and effectiveness of risk management, constructively challenging practices, and sharing best practices in order to effect change.

Responsibilities
- Develop, maintain and improve reporting and related processes used in FRA.
- Work with other members of FRA to ensure processes in place are efficient and optimized.
- Become familiar with the data availability for each portfolio and be able to provide required information on a regular or ad-hoc basis.
- Work with assigned LOBs to develop an understanding of the business and assess the adequacy of the controls around reporting processes and data sources.
- Contributor to in-depth assessments of the risk management processes for interest rate risk, liquidity risk, and market risk.
- Perform quantitative analysis of: market risk models, term-structure models, prepayment models, MSR valuation models.
- Test and critically assess models, methodologies, assumptions used for measuring market risks.
- Continuous monitoring of less complex financial risk areas.
- Follow up testing and evaluation of progress against FRA Assessment Recommendations.
- Identifying enhancements to existing FRA processes or new processes.

Basic Qualifications:
- Bachelor’s degree in math, finance, economics or a related field
- Five or more years of financial services industry experience
- Technical IT skills such as VBA, Matlab, C++, SQL, or SAS,

Preferred Skills:
- In depth understanding of database construction, management and maintenance and experience mining for data
- Basic understanding of Value-at-Risk, financial risk management, interest rate models or options models and their application.
- Basic understanding of prepayment modeling, MSR valuation and OAS methodologies.
- Prior financial modeling development/usage experience.
- Market risk management and/or valuation experience relating to derivatives and Mortgage portfolios.

Does this describe you:
Programming Experience/Language (VBA, SAS, SQL)
Coding experience
Risk Management Experience (understanding what a risk management group does)
Capital Markets and/or Mortgage Experience Knowledge
Understand Financial Theory (Interest Rate Curve, How financial models work, Cash Flow Discounting