• Sr. Manager, Finance and Risk

    Job Location
    United States-IL-Rolling Meadows
    Work Status
    Full-Time
    Department
    Finance and Risk Management
    FLSA Status
    Exempt
    Requisition ID
    2018-1841
  • Start a Rewarding Career with Alliant

    Why Alliant?

    We’re not a typical financial institution – we’re better. We’re an innovative, fun-loving, highly-engaged group of professionals that are committed to our company and the communities we do business in. We love to recognize and celebrate each other.

     

    Over 90% of our employees say we are a great workplace that is focused on our mission, vision and the future of banking.

     

    What will your day look like?

    You will be responsible for proactively lead both the Credit Risk and ALM teams providing strategic, tactical, and risk analytics for the credit union. The successful candidate will provide a wide range of financial and decision support information to senior leadership and department vice presidents, including modeling of risks associated with consumer and investment products, development of credit risk metrics, updating policies and procedures, asset liability analytics, economic capital planning, net worth and dividend decision support, interest rate and liquidity analytics, economic scenario analysis and stress testing, and associated regulatory compliance support. The leader in this position will identify opportunities and risks as well as, and more importantly, drive business results through collaboration, communication, and utilization of data to drive optimal decision outcomes. Resources to do the job require a strategic mindset that will utilize and leverage their accounting and financial background to provide financial and analytical insight to their respective business partners. Sound and proven leadership ability, advanced business acumen, effective written and verbal communication skills, robust and proven analytical ability, advanced systems skills, strong relationship skills, the demonstrated ability to collaborate and influence at all levels of the organization while maintaining fiduciary responsibilities are essential.

     

    Responsibilities

    Essential duties to be performed with or without reasonable accommodation:

    • Oversee, develop and govern the credit risk team’s functions, including portfolio analysis, scenario modeling and risk assessment/reporting. Responsible for developing analytics to assist in the identification and evaluation of all credit risks 
    • Formulate, revise and implement credit policy, procedures and practices. Ensure that proposed products adhere to existing policy guidelines, documentation is sufficient to ensure security of the collateral, and the administration and review is adequate to maintain the portfolio’s quality and profitability
    • Collaborate with Lending, Treasury, and Accounting to implement, monitor, and adhere to CECL reporting requirements
    • Enhance credit modeling to provide credit risk analytics which adhere to Capital Plan Stress Testing requirements
    • Proactively identify opportunities for additional analysis that supports efforts of driving incremental revenue and/or reduction of credit losses
    • Provide strategic direction and oversight for all analytical efforts related to interest rate risk and asset/liability management activities including capital plan stress testing and risk mitigation, economic scenario planning, funds transfer pricing, and presentations to senior management and Board of Directors
    • Champion the capital plan stress testing process to ensure all regulatory requirements are met;  provide direction and thought partnership for model building effort to deliver enhanced visibility to risk given various stress testing parameters
    • Partner closely with Financial Planning and Analysis team to lead economic capital planning as part of the quarterly rolling forecasts as well as 3-5 year business planning efforts; continuously improve the planning methodology to comply with updated regulatory requirements
    • Lead the overall integrated analytical support and provide highly effective and transparent reporting to quarterly ALCO committee and monthly IALCO meetings; effectively communicate financial performance, risks, and strategy recommendations; enable strategic net worth and dividend decisions at the management and board of director levels for the enterprise
    • Identify and implement opportunities for enhancing Funds Transfer Pricing methodologies to evaluate and develop profitability analytics; facilitate better quality business decisions to optimize risk/return trade-off for the enterprise

    Qualifications

    What makes you a great fit?

    You’ll be a great fit if in addition to the completion of a Bachelor’s degree in Accounting, Finance or a related field, with an MBA or CFA required, you have:

     

    • 15 years in finance and accounting or an equivalent combination of training and experience required
    • 10 years of supervisory experience in financial planning and analysis environment preferred
    • Financial institution experience required
    • Advanced and proven financial analysis abilities required, including variance analysis, forecasting, budgeting, and financial modeling
    • Ability to multi-task and deal with heavy volume period with tight time frame parameters
    • High professional standards regarding collaboration, internal customer service and confidentiality 

    When you’re happy, we’re happy!

    As a thank you for joining our team, you’ll benefit from:

    • Competitive medical, dental, and free vision benefits
    • Competitive compensation plan
    • Contributions towards gym memberships
    • Generous PTO and banking holidays off

     

    Still not convinced?

    We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details you can also visit our Glassdoor and LinkedIn profiles.

     

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