Financial Analyst – Capital Planning and Stress Testing - Patelco Credit Union

About Patelco Credit Union:

Patelco Credit Union is a not-for-profit credit union with a purpose to build financial health and wellbeing for our members. Since 1936, Patelco has grown from $500 in assets to over $9 billion in assets and is the 7th largest credit union in California with branches throughout Northern California.

 

We are here for our members throughout all their stages of life. Meeting them with the products and services to help them plan purposefully for their futures and to secure our life-long partnership as their trusted financial advocate. As one team, we are all committed to delivering service, empowering financial literacy, creating products, and providing new technology for our members.

 

We believe that work should be rewarding, challenging, and enjoyable. We’re dedicated to creating a positive and supportive culture where our team members can thrive. If you’re looking to use your skills and knowledge to make a difference in our members’ lives, Patelco could be the perfect fit for you.

Overview:

The Financial Analyst – Capital Planning is an integral part of the Finance Team. This role is responsible for analyzing the institution’s financial performance to assist management in meeting strategic performance goals. They will be responsible for streamlining and executing the departments’ monthly reporting. They will participate in high visibility, strategic organizational projects. These projects may include the implementation and documentation of forecast models of Patelco’s financial performance to support the development of new capital planning and stress testing capabilities. The candidate will also assist in mitigating regulatory or self-identified findings.

Responsibilities:

•  Monitor financial performance relative to industry peers and perform ad hoc analysis to understand drivers of performance
• Analyze internal and external drivers of credit union performance; make recommendations for processes based on in-depth understanding of credit union goals
• Assess financial condition of external organizations to ensure proper risk management of engagements
•  Implement predictive models to support new capital planning and stress testing capabilities
• Use macro-economic forecasts to perform sensitivity analysis of portfolio drivers
• Document model development and control procedures
• Support senior team members on the management of any regulatory feedback including action items and following up with owners on remediation plans, ensuring timely delivery of commitments
• Liaise with internal Enterprise Risk Management, Credit Risk Management and Data teams to ensure efforts are in alignment
• Develop and maintain standard operating procedures
• Evaluates operating processes and procedures and makes recommendations for changes and/or improvements
• Other duties as assigned
• Superior Excel skills working with large volumes of data, validating data, using vlookups and pivot tables, performing regressions, and formatting data in a clear, presentable way
• Excellent writing skills to write a capital plan, document capital planning test models, and respond to regulatory agencies
• Collaboration skills with the ability to build relationships across the organization
• Entrepreneurial spirit with ability to solve problems, balance priorities, and take ownership of products
• Strong business acumen and modelling skills
• Effective planning and organizing skill to deliver workload in timely manner
• Clear communication to internal and external stakeholders
• Strong business acumen and modelling skills
• Understand and comply with all applicable federal and state laws and banking regulations (including those related to OFAC and Bank Secrecy Act / Anti-Money Laundering compliance) and Patelco Credit Union's policies and procedures. 

Qualifications:

•  Bachelor's degree in quantitative field in Statistics, Economics, Math, Data Science, Computer Science, Finance, or Financial Engineering; or five years of experience in finance, quantitative, or data analytics role
•  Awareness of advanced statistical techniques and concepts (regression, properties of distributions, statistical tests and proper usage, etc)
•  7 years of experience in financial services or in a finance function
• Physical Activities/Requirements
•  This position is based our of Patelco’s Dublin, CA headquarters
•  This position may be eligible for hybrid work arrangements
• Must be able to sit for prolonged periods of time

Target Base Pay:

$88,488 - $110,607/year

Compensation at Patelco:

Please note that the salary information is a general guideline only. Patelco Credit Union considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as market and business considerations when extending an offer. We offer a competitive total rewards package including a wide range of medical, dental, vision, financial, and other benefits.

We Offer:

Physical Health:

• Exceptional Medical, Dental, Vision, and Life Insurance benefits
• Onsite fitness center at HQ and rewards for completing wellness related activities 

Financial Health:

• Competitive compensation packages with bonus opportunity
• 401(k) with 3% Safe Harbor and 5% employer match
• Discounts on loan products
• Tuition reimbursement

Emotional Health:

• Employee Assistance Program (EAP)
• PTO for part-time and full-time positions
• Paid holidays

Personal Development:

• On-the-job training and skills development

• Internal transfer opportunities for career growth
• Volunteer work

Flexible work arrangements available for specific positions

 

Patelco Credit Union is an Equal Opportunity Employer including individuals with disabilities and protected veterans

 

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