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VyStar Credit Union · 1 day ago

Sr. Capital Planning & Stress Testing Analyst

Jacksonville, FL

Full-time

Onsite

Mid, Senior Level

3+ years exp

VyStar Credit Union is a financial institution that offers various services to its members. They are seeking a Sr. Capital Planning & Stress Testing Analyst to oversee capital planning and stress testing processes, ensuring compliance with regulatory requirements and maintaining capital adequacy.

AppsBankingFinanceMortgage

Responsibilities

Support the production of the capital plan, stress testing and scenario analyses to assess the credit unions’ capital adequacy under various economic conditions

Utilize and manage the ALM software, Moody’s ZM Desk, to enhance modeling accuracy and efficiency

Verify the appropriateness of modeling assumptions

Conduct advanced quantitative analysis to assess financial risks and support strategic decision-making processes

Develop, validate, and maintain financial models for stress testing and capital planning

Lead the preparation of reports for capital planning and stress testing in compliance with regulatory requirements

Utilize appropriate tools to create visual representations of data, such as charts and graphs

Work closely with accounting, risk management, and IT teams to ensure data consistency and accuracy

Document/Improve processes and methodologies

Implement and oversee data quality controls and validation checks to ensure the reliability of data used in simulations and reporting

Ad hoc projects pertaining to balance sheet analysis, technological improvements, etc

Proactively plan and manage timelines and workflow contingencies

Support the annual regulatory examination cycle

All employees and business units, as first line of defense, are expected to proactively help identify, assess, manage, and report risks within their domain of work. To enhance a healthy risk culture and support our growth for good pillar, employees will maintain vigilance in safeguarding our operations while ensuring compliance with regulatory mandates. The Risk team serves as the second line of defense by providing risk oversight and credible challenge whereas the Audit team serves as the third line of defense by providing risk assurance

Qualification

SQLALM softwareFinancial modelingData visualization toolsStatistical softwareBalance sheet managementProblem-solvingCommunication skills

Required

3+ years of experience in the analysis of financial data, preferably within the banking or financial services industry

Proficiency in data analytics and quantitative methods

Proficiency in SQL, Excel, and data visualization tools (e.g., Tableau, Power BI)

In-depth understanding of balance sheet management, ALM modeling, capital planning and stress testing regulatory requirements and processes

Exceptional problem-solving abilities and attention to detail

Strong verbal and written communication skills to effectively present findings and recommendations

Preferred

Minimum of 5+ years of experience in data analysis, preferably within the banking or financial services industry

Strong knowledge of Asset Liabilities Management (ALM) is a plus

Experience using statistical software (e.g., R, Python) for data analytics and quantitative methods is a plus

Bachelor's degree in finance, Economics, Data Science, or a related field. A master's degree, CFA/FRM designation or progress towards completion is preferred