Stress Testing Risk Analyst

Company: FirstBank
Location: Lexington
Posted on: May 26, 2023

Job Description:

This position can be a hybrid schedule with a mix of working in-office and working from home, but candidates must be located in our business footprint (TN or AL) Specific cities include: Nashville, TN, Franklin, TN, Knoxville, TN, Crossville, TN, Chattanooga, TN, Memphis, TN or Birmingham, AL areas as that is the office this position will sit at.
Summary: The Stress Testing Risk Analyst is responsible for end-to-end stress testing at FirstBank, including stress testing for both periodic (Systematic Portfolio Stress Tests) and rapid (event-based) stress tests as well as related methodologies and policies. Systematic Portfolio Stress Test (SPST) is a company-wide periodic stress testing program that estimates the firm's stress loss across several stress scenarios informed by FirstBank's risk identification process within the Statement of Risk Appetite.
The Stress Testing Risk Analyst will analyze Enterprise-wide SPST results, and monitor other risk and financial metrics (e.g.: Risk Capital, Stress Loss Usage, Risk Appetite Surplus), to provide senior management with a clear view of existing and emerging risks in the portfolio; and assessment of need for potential actions by management aimed at reducing said risk. Further, this position will help conduct analysis across multiple stress testing methodologies and data in various risk pools. Essential Duties and Responsibilities:

• Develop and perform financial stress testing models and conduct independent validation of key models
• Verify model assumptions, review data sources and mathematical formulas to evaluate new models prior to acceptance and use
• Determine correct model implementation and appropriate model use
• Analyze results and provide a view on model reliability, stability, and robustness including back-testing and benchmarking with internal and external data
• Research, gather and synthesize data; present conclusions and recommendations to management and/or team members
• Communicate the results to model users, appropriate governance committees, and senior management
• Monitor and assess model performance, review model changes and document model governance decisions to comply with model policy
• Collaborate with all model stakeholders to understand potential business drivers of model variance and to ensure optimal outcomes for the model validation process
• Contribute to a culture of collaboration by actively working across business lines, communicating knowledge and business processes to other business units
• Develop and maintain an understanding of relevant industry standards, best practices, business processes and technology used within related business areas to ensure compliance with policy, vendor contractual requirements, procedures, processes, and standards
• Ensure compliance with internal and external documentation and disclosure requirements
• Stay abreast of and ensure compliance with applicable federal, state and industry laws, regulations, and guidelines
• Cultivate an environment that supports diversity, teamwork, and performance Qualifications: Education and/or Experience
  • Bachelor's Degree in Finance, Accounting, Economics, Statistics, or another field with quantitative focus
  • 5+ years of relevant experience
  • FRM, CFA designation or other technical certifications are a plus
  • Strong knowledge of bank accounting, regulations, policies, and procedures as it applies to the lending function
  • Thorough knowledge of lending policies and procedures Skills and Abilities
    • Proven management and analytical skills
    • Strong results focused; set goals and determine best process to achieve results. This would include effectively managing multiple projects and meeting deadlines and deliverables and taking initiative to solve problems and improve efficiencies and processes within scope of authority
    • Ability to communicate to various levels of the organization up to executive management and Board members
    • Respectful demeanor toward other associates and managers that promotes a positive and professional work environment
    • Understand and comply with bank policy, laws, regulations as applicable to your job This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity

Keywords: FirstBank, Lexington , Stress Testing Risk Analyst, Professions , Lexington, Kentucky