Risk Analyst I

Position Summary

The Risk Analyst I will primarily be responsible for helping the department measure, monitor and report on the Bank's financial performance and sensitivity to changes in market conditions and business strategies. Specific responsibilities include assisting the team with the analysis and reporting of changes in the Bank's financial projections and market risk metrics, as well as supporting the evaluation and implementation of modeling and reporting enhancements.

Primary Success Factors

• Uses financial modeling software to perform both routine and ad hoc evaluations of the Bank’s financial performance and sensitivity to changes in market conditions and business strategies.

• Assists in the preparation of reports that are used to measure, monitor, and help manage the Bank’s economic performance and exposure to market risks. Ensures reports are accurate and completed in a timely manner.

• Helps maintain the accuracy and integrity of the Bank’s financial modeling software by compiling, reviewing, and verifying the financial data and modeling assumptions utilized by the simulation model.

• Evaluates period to period changes to data inputs, financial performance, and sensitivity metrics for accuracy and reliability through reconciliation, analysis and research including consultation and collaboration with peers and other departments within the Bank. Aids in the creation of supplemental analyses to identify the root cause of changes as necessary. 

• Applies a general knowledge and understanding of the financial instruments and risk management methods used by the Bank to interpret key performance indicators and risk metrics.

• Assists in developing assumptions that reflect current business activity/outlook and market conditions.

• Helps ensure that assumptions and modeling parameters are appropriate and adequate by assisting with the compilation of benchmarking comparisons, back testing exercises, and other forms of model performance assessment.

• Utilizes and leverages data and information from the Bank’s information systems and data repositories to support the risk measurement and reporting functions.

• Participates in the evaluation and implementation of enhancements with respect to the measurement and reporting processes. Assists with the remediation of audit, model validation, and exam comments.

• Engages in cross training initiatives to promote the development of backup support capabilities across certain departmental functions.

• Provides assistance with the data and reporting needs of department staff and other areas of the Bank, as required.   

• Assists in documenting processes/procedures and ensuring compliance with applicable policies, procedures, and regulations.

Required Experience

• Bachelor’s degree in business, finance, economics, accounting or equivalent experience

• Up to three years of work experience in financial services; risk management, asset/liability management or forecasting/planning experience preferred

• Basic understanding of financial accounting concepts and fixed income instruments

• Working knowledge of Microsoft Office desktop applications; familiarity with financial modeling software preferred

• Excellent attention to detail and regard for data quality and controls

• Strong analytical, quantitative and problem-solving skills

• Strong interpersonal and communication skills

It is the policy of the Federal Home Loan Bank of Pittsburgh to ensure equal employment opportunity (EEO) for all employees and applicants for employment without regard to race, religion, color, sex, national origin, age, disability status, genetic information, veteran's status, ancestry, sexual orientation or status as a parent as defined by applicable law. It is the Bank's policy to comply with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.