The Financial Risk Officer is responsible for creating profitable financial strategies in compliance with market risk standards, internal regulations, and definitions set by controlling entities. This role directly contributes to the bank's financial performance by defining, analyzing, and managing policies related to risk, valuation, and the effectiveness of new operations in trading and hedging derivatives. The officer ensures that risk management procedures adhere to industry standards, regulatory requirements, and internal controls to mitigate potential financial risks.

The officer exercises independent judgment and discretion in establishing risk management procedures and internal controls, ensuring compliance with regulatory requirements, and mitigating potential financial risks. This role involves formulating complex financial strategies and decisions that impact the bank's overall risk profile and profitability.

Principal Duties & Responsibilities:

• Execute feasible and profitable derivatives operations aligned with the bank’s internal market risk guidelines and regulatory definitions.
• Define, analyze, and manage policies for assessing the effectiveness, risk, and value of trading and hedging derivatives.
• Ensure transfer rates for commercial areas are competitive and market-based, positively impacting financial margins.
• Define, manage, and analyze methodologies and procedures for establishing daily funding cost (FTP) curves for operations and new financial businesses.
• Ensure the correct use and allocation of the bank's capital within the market risk framework, in adherence to the Corporation’s financial strategies.
• Provide analysis on the impact of financial movements on the bank’s capital and equity concerning market risk.
• Monitor and apply changes to internal and external financial statistical models for market risk management.
• Prepare reports and analyses of market risk management for the Board of Directors, senior management, and internal and external committees.
• Validate new financial businesses and derivatives operations within designated responsibilities.
• Develop and manage valuation policies for financial products and derivatives transactions.
• Define policies for establishing returns and market risk for financial products and derivatives transactions.
• Design and analyze financial statistical models.
• Implement modifications to the unit's strategic planning and the bank's market risk analysis policies.
• Collaborate with BCI Financial Risk area on projects, methodologies, and information sharing.
• Define portfolio valuation policies and counterparty positions for hedges.
• Assess executive powers in financial decision-making.
• Lead the exchange of information and valuation criteria for hedging strategies.
• Ensure the timely delivery of information regarding the use of market risk models and regulatory reports.
• Collaborate in the development of projects related to financial risk management.

• Bachelor's Degree in Economics, Finance, Engineering, or equivalent, required. 
• Master's Degree Economics, Finance, Engineering, or equivalent, preferred.

• Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
• Please view Equal Employment Opportunity Posters provided by OFCCP here.
• 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)
• Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-577-7680 or by e-mail at employment@citynational.com.