What are the responsibilities and job description for the Financial Analyst, Financial Risk & Analysis position at nbofi?
The teammate is responsible for providing essential functions for the Financial Risk and Analysis department. The Financial Analyst will protect the Bank from market risk related to the Bank’s residential mortgage portfolio. Independent judgment is required to plan, prioritize, and organize a diversified workload.
Essential Functions:
- Responsible for hedging and selling residential mortgage loans
- Monitor mortgage loans and rate locks
- Review and update the Residential Mortgage Hedging Policy, ensuring critical elements are addressed
- Communicate and interact with Mortgage Bankers assisting with rate lock related questions
- Prepare and email daily mortgage rates to designated departments
- Prepare and distribute mortgage reports
- Based on market dynamics and/or trends, assist with pricing for mortgages
- Prepare mortgage accounting entries as needed
- Assist with preparing the allowance for credit losses analysis and memo
- Assist with the Bank’s budget process
- Use S&P Global database to generate routine and ad hoc reports
- Provide backup to department staff as needed
