Market Risk & Modeling Analyst - Hybrid/Corporate Campus (Cleveland, OH) at Third Federal Savings & Loan in Cleveland, Ohio

Job Description:

At Third Federal, named for five years in a row as “One of the Best Companies to Work For" in America by Fortune magazine, we look for associates who can help us fulfill our mission to help customers achieve the American dream of home ownership and financial security and provide value to our customers and our communities. We take a genuine interest in each of our associates – from their professional development to their health and wellness. We offer a pleasant customer service oriented work environment, competitive salary, comprehensive benefits package and career growth opportunities.

At Third Federal, you will find strength and stability in your career. Nearly 15 percent of our associates have been with the company for 25 years or more and, in the more than 80 year history of our company, we have never had layoffs. 

Third Federal Savings and Loan has a career opportunity in the Risk Management Model and Market Risk Department for a Hybrid Market Risk and Modeling Analyst.  The analyst will hold primary ownership of market risk assessments and operations, monitor significant market events, and report on economic activity and trends. A successful candidate will also assist in the administration of Third Federal’s Model Risk Management program, participating in the validation of statistical and operational models used throughout the Association.  The position is hybrid out of Cleveland, OH.

Responsibilities:

• Provide ongoing support related to market risk for key risk indicators, key performance indicators and the overall governance framework for risk management activities


• Provide economic risk summaries to support relevant committees


• Provide support to the Enterprise Risk Management program, including risk assessments for interest rate risk, liquidity risk, and price risk


• Assist in the monitoring of the bank’s compliance with market risk policies and limits


• Provide reviews and effective challenge on market risk as the second line of defense to business lines and relevant committees


• Conduct ad hoc analysis and create appropriate management reports as needed, providing insight and interpretation of analysis results


• Assess model risk and support the Association’s model governance program


• Conduct validations and oversight activities for the Association’s internal and external models; including interest rate risk, liquidity, hedge effectiveness and others


• Assist in the set-up, maintenance, and daily operation of risk management systems

Required Skills and Qualifications:

• Bachelor’s degree in Statistics, Mathematics, Economics or other analytic field; additional background in Finance or Financial Mathematics preferred


• 1-3 years of recent experience in an analytical or financial position


• Strong aptitude and passion for financial markets


• Experience in the development and validation of risk or financial models


• Strong analytical and problem-solving skills


• Working knowledge of statistical software such as SPSS, R, SAS or similar packages


• Prior programming knowledge or experience


• Extensive knowledge of Microsoft Office applications


• Excellent written and oral communications skills


• Attention to accuracy and detail is essential


• Demonstrated ability to manage multiple priorities


• Proven ability to prepare clear and meaningful analysis and communicate results to a wide variety of audiences


• Banking or financial experience is a plus


• Willingness to participate in tasks and other projects within the Association as needed

Third Federal is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, ethnicity, religion, sex, national origin, gender identification or sexual orientation, disability, protected veteran status or any other classification protected under law.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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