Financial Analyst

Description

About BankFund:

BankFund Credit Union is a full-service financial cooperative that was organized and chartered in 1947 as a convenient place for employees of the World Bank Group and International Monetary Fund and their families to save and to obtain credit. Located in Washington, DC, BankFund maintains three full-service branches downtown with our headquarters located near Farragut West metro station. This position is classified as a hybrid role which means that on-site work will be expected. After completion of training for the role, staff generally work on site 40% of the time but this is subject to change based on health and safety standards and operational need.

Summary:

Provides Investment Portfolio Analysis, Asset/Liability Management ("ALM"), and Liquidity Analysis support to the Treasurer and Finance Department.  Responsible for liquidity management of all cash accounts, projecting sources and uses of cash to determine daily, weekly, and monthly requirements. Manages monthly and quarterly investment portfolio performance reporting presented to the Asset/Liability Management Committee (“ALCO”), Finance Committee, and Board of Directors. Acts as a back-up for specific duties and critical tasks within the finance and accounting departments.

This is a role that works across the ALM, investment portfolio management and ALCO (Asset Liability Committee) functions, supporting critical models and decision making at the organization. There is an opportunity to work on projects around data migration, automation, investment management, liquidity modeling, and areas which are critical to the success of the organization.

Responsibilities:

• Prepares and supports the creation of Board and ALCO reports relating to investment portfolio activity and compliance with the Board’s ALM, investment and liquidity policies. This role will also help assist in the creation of our full reporting packages for Board, ALCO and other management committees. 
• Prepares and reviews daily, weekly, and monthly cash flow models and reports including sources & uses: loan fundings and pay downs; maturities, pay downs, sales and purchases of investment securities; changes in share balances; cash operating expenses; other known or anticipated cash inflows/outflows.
• Drafts and supports the ongoing maintenance and compliance processes associated with various policies and procedures, such as the ALM, Investment, and Liquidity Policies.
• May assist in investment management decisions, trading and liquidity management.
• Makes various recommendations to the Treasurer on areas such as (a) projected excess liquidity available for investment while considering various stressors to projected liquidity; (b) recommendations on investment portfolio to enhance earnings, meet income and duration targets within the constraints of the ALM and investment policies.
• Ensures proper settlement of investment securities transactions, executes and supports required trading paperwork and reporting, execute wire transfers between accounts as needed, and communicating appropriately with safekeeping third parties and internal bond accounting. 
• Develop and assist with the creation and maintenance of various models and materials that support ALCO decisions (such as investments, liquidity, interest rate risk, capital, etc.). 
• Assist with various reporting and presentations associated with regulatory and internal audit exams and meetings, as well as ad-hoc presentations for the board and management. 
• Assists with various ALM reporting requirements (such as the preparation and validation of data for our ALM software, utilizing various software associated with ALM, etc.) as well as ad-hoc ALM requests.
• Prepares various reports using Callahan and S&P services software.
• Undertakes other work-related duties, special projects, reporting, and research as assigned by the Treasurer or CFO.
• Successfully participate in annual Information Security refresher training. Comply with the Information Security Policy, including the immediate reporting of unusual or suspicious activity to management and the Information Security Officer. Follow all procedures to protect company computers from viruses, and to maintain the security and confidentiality of Credit Union      data. 
• Participate in annual Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) training and demonstrate knowledge and understanding of the BSA and OFAC, including the immediate reporting of unusual or suspicious activity to the Risk Management Department.  Undertake additional training specific to daily responsibilities and as required to ensure continued      compliance with all applicable regulations. 
• Ensure the Credit Union’s safe harbor protections as allowed by the BSA.  Understand that if confronted with knowledge of existence of a Suspicious Activity Report (SAR), an obligation exists to preserve the confidentiality of that SAR, as well as any information that may reveal the existence of a SAR.  Maintain awareness of, and immediately report to the Compliance Officer, any unauthorized disclosure of a SAR, or unauthorized disclosure of information related to a SAR. Understand that failure to do so is a violation of federal law and may lead to both civil and criminal penalties for SAR disclosure violations. 

Requirements

Minimum Qualifications or Knowledge, Skills and Abilities Required 

Education: 

• B.S. Accounting/Finance Degree or equivalent combination of education and experience.

 Experience & Skills:

• Five or more years of experience with a financial institution or related financial services company
• Proficient in Excel, Word, PowerPoint
• Depository (Bank/CU) Experience Preferred
• Excellent analytical and problem solving skills
• Proficient to advance user of complex spreadsheets for financial analysis
• Some background in coding would be preferred, such as VBA or python
• Strong work ethic
• Ability and self-motivation to learn new skills
• Strong communicator (both written/presentation and verbal)
• General accounting knowledge of US GAAP (preferred, but not necessary)
• Strong organizational skills
• General understanding of ALM, Bloomberg, and Fed-Line
• Ability to work independently as well as within a team structure

For internal purposes, this position is graded as Exempt-14. 

The anticipated annualized base salary range for this position is $132,000 to $165,000. Final base salary for this role will be based on the individual’s job-related experience, skillset, training, certifications and market demands. The benefits available for this full-time position include but are not limited to: medical, dental, and vision insurance, 401(k) plan, life insurance coverage, disability benefits, tuition assistance program and paid time off, including paid parental leave benefits. In addition to base compensation salary, this role position is eligible for an annual incentive plan.

Salary : $132,000 - $165,000