Financial Risk Analyst - Balance Sheet Planning

Overview

Navy Federal seeks an individual with demonstrated ability to achieve results and enhance our quantitative analysis of financial performance. Experience with balance sheet and income statement forecasting systems, particularly QRM, is preferred but not required. The role will be responsible for using various systems, methods, and models to perform financial reporting and analysis. The candidate will support the budget process, explain variances to actual performance, and regularly update Navy Federal's pro forma balance sheet and income statement. Work under moderate supervision.

Responsibilities

• Collaborate with business unit partners across the organization to develop and enhance Navy Federal's balance sheet and income statement forecasts
• Provide support in preparing monthly financial performance reporting and investigating variances to budged to determine explanatory drivers of change
• Perform impact analysis on behavioral model updates and their effect on forecasted balances and interest income/expense
• Evaluate "what-if scenario" and cost-benefit analyses for balance sheet management strategies and their impact to financial performance
• Conduct financial analysis on internal and external market data to discover tradeoffs of competing business objectives such as growth, market share and competitive position
• Monitoring changes to macroeconomic forecasts and interpreting the effects to the balance sheet and income statement
• Peer benchmarking financial performance of banks and credit unions to understand the financial landscape
• Maintain and enhance documentation, procedures, and controls related to balance sheet planning processes and reporting
• Perform other duties as assigned or appropriate

Qualifications

• Knowledge of balance sheet and income statement forecasting, with preference towards hands-on experience using QRM
• Experience in financial forecasting, cost benefit analysis, and cash-flow analysis
• Advanced Excel and data manipulation skills to solve complex financial problems and streamline reporting (Pivot tables, Index, Match, Sumifs, and dynamic chart building)
• Ability to link economic relationships to changes in member behavior and business strategy
• Attention to detail and a demonstrated ability to research, analyze and interpret financial data
• Knowledge or experience with programs used for storing, analyzing, and visualizing large datasets (SQL, Power BI, Tableau) preferred
• Understanding and/or experience with Scenario Analysis and Sensitivity Analysis
• Familiarity with rules, regulations, and trends relevant to the credit union and retail banking industries
• Experience participating in cross-functional, multi-dimensional teams and projects
• Persuasive and diplomatic communication, both verbal and written, of facts and conclusions related to complex analytical results and issues

Desired Qualifications

• Bachelor degree in finance, economics, business analytics or related field
• Advanced degree or professional certification (CFA, FRM) preferred

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Lane, Vienna, VA 22180

About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

Best Companies for Latinos to Work for 2024

Computerworld Best Places to Work in IT

Forbes 2024 America's Best Large Employers

Forbes 2024 America's Best Employers for New Grads

Forbes 2024 America's Best Employers for Tech Workers

Fortune Best Workplaces for Millennials 2024

Fortune Best Workplaces for Women 2024

Fortune 100 Best Companies to Work For 2024

Military Times 2024 Best for Vets Employers

Newsweek Most Loved Workplaces

2024 PEOPLE Companies That Care

Ripplematch Recruiting Choice Award

Yello and WayUp Top 100 Internship Programs

From Fortune . 2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.

Overview

Navy Federal seeks an individual with demonstrated ability to achieve results and enhance our quantitative analysis of financial performance. Experience with balance sheet and income statement forecasting systems, particularly QRM, is preferred but not required. The role will be responsible for using various systems, methods, and models to perform financial reporting and analysis. The candidate will support the budget process, explain variances to actual performance, and regularly update Navy Federal's pro forma balance sheet and income statement. Work under moderate supervision.

Responsibilities

• Collaborate with business unit partners across the organization to develop and enhance Navy Federal's balance sheet and income statement forecasts
• Provide support in preparing monthly financial performance reporting and investigating variances to budged to determine explanatory drivers of change
• Perform impact analysis on behavioral model updates and their effect on forecasted balances and interest income/expense
• Evaluate "what-if scenario" and cost-benefit analyses for balance sheet management strategies and their impact to financial performance
• Conduct financial analysis on internal and external market data to discover tradeoffs of competing business objectives such as growth, market share and competitive position
• Monitoring changes to macroeconomic forecasts and interpreting the effects to the balance sheet and income statement
• Peer benchmarking financial performance of banks and credit unions to understand the financial landscape
• Maintain and enhance documentation, procedures, and controls related to balance sheet planning processes and reporting
• Perform other duties as assigned or appropriate

Qualifications

• Knowledge of balance sheet and income statement forecasting, with preference towards hands-on experience using QRM
• Experience in financial forecasting, cost benefit analysis, and cash-flow analysis
• Advanced Excel and data manipulation skills to solve complex financial problems and streamline reporting (Pivot tables, Index, Match, Sumifs, and dynamic chart building)
• Ability to link economic relationships to changes in member behavior and business strategy
• Attention to detail and a demonstrated ability to research, analyze and interpret financial data
• Knowledge or experience with programs used for storing, analyzing, and visualizing large datasets (SQL, Power BI, Tableau) preferred
• Understanding and/or experience with Scenario Analysis and Sensitivity Analysis
• Familiarity with rules, regulations, and trends relevant to the credit union and retail banking industries
• Experience participating in cross-functional, multi-dimensional teams and projects
• Persuasive and diplomatic communication, both verbal and written, of facts and conclusions related to complex analytical results and issues

Desired Qualifications

• Bachelor degree in finance, economics, business analytics or related field
• Advanced degree or professional certification (CFA, FRM) preferred

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Lane, Vienna, VA 22180

About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

Best Companies for Latinos to Work for 2024

Computerworld Best Places to Work in IT

Forbes 2024 America's Best Large Employers

Forbes 2024 America's Best Employers for New Grads

Forbes 2024 America's Best Employers for Tech Workers

Fortune Best Workplaces for Millennials 2024

Fortune Best Workplaces for Women 2024

Fortune 100 Best Companies to Work For 2024

Military Times 2024 Best for Vets Employers

Newsweek Most Loved Workplaces

2024 PEOPLE Companies That Care

Ripplematch Recruiting Choice Award

Yello and WayUp Top 100 Internship Programs

From Fortune . 2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Employers have access to artificial intelligence language tools (“AI”) that help generate and enhance job descriptions and AI may have been used to create this description. The position description has been reviewed for accuracy and Dice believes it to correctly reflect the job opportunity.