Financial Risk Analyst

Description

About Us:

At Umpqua, we create a great place to work by offering a unique brand of relationship banking and fostering a culture where associates thrive. We are dedicated to supporting our customers and communities, and we can only achieve this through the dedication of our associates.

We value Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships, and we are eager to meet candidates who embody these core values. We are always on the lookout for results-focused individuals who can think independently, work collaboratively, and support our broader purpose.

Think of us as financial partners, because at Umpqua, we believe the best way forward is together. Together for people. Together for business. Together for better.

About the Role:

The Financial Risk Analyst will assist in supporting the Bank’s corporate, enterprise, and financial risk management practices, ensuring compliance with the company’s risk appetite, key risk indicators, policies, and procedures. Under the supervision of the Financial and Model Risk Director, the Financial Risk Analyst supports risk management initiatives, assisting in cross-departmental projects and gaining exposure to senior professionals, external consultants, and regulatory reviews. This role involves contributing to effective challenge reviews of business units’ processes, models, and assumptions under the guidance of senior risk professionals.

• Collaborate with the respective business units that support financial risk and enterprise risk.
• Assists in root cause analysis and contributes to effective challenge of business units' processes, controls, methodologies, and assumptions related to the Bank’s Financial Risk Management program.
• Supports the development and implementation of processes to improve monitoring, reporting, and measurement within the financial and enterprise risk management frameworks under senior guidance.
• Supports continuous and ongoing monitoring of internal, market, and regulatory conditions while identifying and assessing potential risks.
• Prepare reports and analysis for senior management and various committees.
• Actively engage, support, and participate in both the Financial and Model Risk Management program and Enterprise Risk Management program.
• Supports ad hoc requests from the business units, senior management, and regulators as necessary
• Ensures activities meet internal policy and regulatory standards of “effective challenge.
• Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities –knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
• Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
• Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
• May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
• Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words.
• Takes personal initiative and is a positive example for others to emulate.
• Embraces our vision to become “Business Bank of Choice”
• May perform other duties as assigned
  
  

About You:

• Bachelor’s Degree Business Administration, economics, accounting, or finance Required
• Master’s Degree MBA, economics, accounting, or finance Preferred.
• 2-5 years in banking or financial services as a Financial Risk Analyst, Financial Analyst, Risk Analyst, or similar. Required.
• General understanding of statistical modeling and econometric forecasting; general understanding of financial and enterprise risk management frameworks, and stress testing.
• General understanding of regulatory requirements related to financial and model risk management (FRB/OCC SR 11-7, 10-6, 10-1), Basel II/III capital requirements, and Dodd-Frank Act Stress Testing (DFAST).
• General understanding of various risk frameworks, accounting standards, and financial reports.
• Proficient in Microsoft Office. Experience with database management tools (SQL, Python, etc.) a plus.
• Possess strong written and verbal communication skills, with the ability to assist in translating financial analysis into clear, practical insights for business teams under senior guidance.
• Demonstrated communication skills, both oral and written.
• Demonstrate strong organizational skills, with the ability to manage multiple concurrent projects.
• Certification as Financial Risk Manager (FRM), Professional Risk Manager (PRMIA), Chartered Financial Analyst (CFA)
  
  

Job Location(s): Ability to work fully onsite at posted location(s).

Santa Rosa, CA

Roseville, CA

Lake Oswego, OR

Our Benefits:

We offer a competitive total rewards package including base wages and comprehensive benefits. The pay range for this role is $86,000.00 - $150,000.00, and the pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation and those details will be provided during the recruitment process.

We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.

Our Commitment to Diversity:

Umpqua Bank is an equal opportunity and affirmative action employer committed to employing, engaging, and developing a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics. If you require an accommodation to complete the application or interview(s), please let us know by email: [email protected].

To Staffing and Recruiting Agencies:

Our posted job opportunities are only intended for individuals seeking employment at Umpqua Bank. Umpqua Bank does not accept unsolicited resumes or applications from agencies and Umpqua Bank will not be responsible for any fees related to unsolicited resume submissions. Staffing and recruiting agencies are not authorized to submit profiles, applications, or resumes to this site or to any Umpqua Bank employee and any such submissions will be considered unsolicited unless requested directly by a member of the Talent Acquisition team.