Senior Financial Risk Analyst

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation, serving clients nationwide through six legacy bank brands and AmeriHome Mortgage.

About the role

The Financial Risk Management Group (FRM) oversees risk-taking activities of Treasury and Mortgage Capital Markets. This role within FRM focuses on Investment Portfolio, Mortgage Servicing Rights, and Loans Held for Sale exposures. The team facilitates effective use of risk appetite to monitor and assess risk-taking activities and plays a key role in keeping senior management appraised of the Company’s financial risk profile through risk measures, expert judgment, and limit setting. Activities include risk management and analysis, transparency and escalation of risk, supervision, and process improvement.

Responsibilities

• Support oversight of the company’s investment portfolio and mortgage asset portfolio, including their respective hedging activities.
• Monitor risk exposures, review risk reports, and assist in ensuring compliance with internal policies and regulatory standards.
• Assist in reviewing investment portfolio and mortgage asset exposures and hedging strategies, including basic scenario analysis and stress testing.
• Monitor portfolio exposures (duration, convexity, liquidity, credit risk) and validate stress testing results.
• Prepare risk reports and summaries for management and risk committees.
• Work with Treasury, Mortgage Capital Markets, and Asset Liability Management teams to gather data and support risk oversight activities.
• Support documentation of oversight processes and ensure adherence to risk limits and regulatory requirements.
• Review hedge performance metrics (e.g., Earnings at Risk, Economic Value of Equity).
• Prepare risk oversight reports for senior management and risk committees.
• Ensure compliance with Board-approved risk limits and regulatory requirements.
• Maintain documentation of oversight processes and challenge activities.

Requirements

• Bachelor’s degree in Finance, Economics, Mathematics, or related field; master’s degree or CFA/FRM preferred.
• 4+ years in risk management, Asset Liability Management, investment portfolio oversight, or Mortgage Capital Markets with a strong focus on analytics.
• Familiarity with fixed income securities, derivatives, or hedging instruments is a plus.
• Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management, and/or other commercial banking products and services.
• Intermediate to advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards, and practices.
• Understanding of regulatory frameworks and risk management principles.
• Strong understanding of second line of defense principles and governance.
• Analytical mindset with attention to detail.
• Ability to work collaboratively with different teams.
• Advanced written and verbal communication skills.

Benefits

• Competitive salaries and an ownership stake in the company.
• Medical and dental insurance.
• Paid time off.
• 401k matching program.
• Tuition assistance program.
• Employee volunteer program.
• Wellness program.
• Opportunity to bolster business knowledge and gain hands-on experience in company operations and financial management.