Sr. Financial Risk Analyst (Perm Hybrid at our Chicago HQ near OHare Airport)

Alliant Credit Union - Chicago, IL

Full-time - Mid Level

Chicago, IL

Credit Intermediation and Related Activities

About the position

The Sr. Financial Risk Analyst plays a crucial role in monitoring and assessing liquidity and interest rate risks within the credit union. This position involves developing and overseeing models, analyses, and reports that inform risk management decisions and strategic initiatives. The analyst collaborates with senior leadership and cross-functional teams to ensure effective risk management while aligning with the organization's strategic goals and risk appetite thresholds.

Responsibilities

• Lead the development and execution of the liquidity and interest rate risk management program, ensuring alignment with the credit union's strategic goals and growth objectives.
• Provide strategic guidance and collaborate with the Asset Liability Management (ALM) team to optimize risk-adjusted returns while remaining within the enterprise risk appetite thresholds and maintaining policy compliance.
• Create and present comprehensive reports and strategic recommendations to senior leadership, governance committees, and the board of directors, supporting informed decision-making and risk mitigation strategies.
• Evaluate and provide expert insights on balance sheet management activities, including derivatives transactions, to enhance financial stability and strategic positioning.
• Drive capital planning and stress testing activities, leveraging advanced analytical techniques to inform the organization's strategic plans.
• Lead pre-purchase reviews of non-governmental securities in coordination with the credit risk team, ensuring investment decisions are strategically aligned and risk managed.
• Oversee the review of investment, derivative, and concentration reporting to ensure compliance with policy and standards and provide strategic insights for risk management.

Requirements

• Bachelor's Degree in Accounting, Finance, Economics, Statistics or a related field (Minimum).
• Graduate Degree in Accounting, Finance, Economics, Statistics or a related field (Preferred).
• Minimum of 3 years of experience in Finance, Accounting or a related field.
• Preferred 3 years of experience in Interest Rate Risk, Asset Liability Management or a related field.
• In lieu of education, 6 years of experience in Finance, Accounting or a related field.
• CFA certification (Preferred).

Benefits

• Competitive medical, dental, and free vision benefits
• Paid parental leave
• Competitive compensation plan
• Gym memberships discounts
• Generous PTO and banking holidays off
• Tuition reimbursement
• 401k with immediate employer match and vesting