SR Principal Financial Risk

Patelco Credit Union is a not-for-profit credit union with a purpose to build financial health and wellbeing for our members. Since 1936, Patelco has grown from $500 in assets to over $9 billion in assets and is the 7th largest credit union in California with branches throughout Northern California.

We are here for our members throughout all their stages of life. Meeting them with the products and services to help them plan purposefully for their futures and to secure our life-long partnership as their trusted financial advocate. As one team, we are all committed to delivering service, empowering financial literacy, creating products, and providing new technology for our members.

We believe that work should be rewarding, challenging, and enjoyable. We’re dedicated to creating a positive and supportive culture where our team members can thrive. If you’re looking to use your skills and knowledge to make a difference in our members’ lives, Patelco could be the perfect fit for you.

The SR Principal Financial Risk - is a strategic leader who will oversee and drive the financial risk management framework for the credit union, ensuring robust risk management in areas including liquidity, interest rates, capital, and financial modeling, and support for the credit risk management function. This position will lead the development and/or reviewing and challenging the current financial risk strategies, influence senior decision-making, and proactively manage risks to help ensure the financial stability and long-term success of the organization.

The role will also focus on the technical aspects of financial risk management, including the development, implementation, and challenge/validation of advanced financial models such as ones used for stress testing, risk forecasting, ALM, and Credit Risk. The Principal will collaborate closely with senior leadership, cross-functional teams, and the board of directors to align overall financial risk management with business objectives and regulatory requirements.

• Strategic Oversight and Leadership:
  Assist with the creation, implementation, and continuous evolution of a comprehensive financial risk management framework, ensuring alignment with regulatory requirements and strategic business objectives. Help drive the overall financial risk management strategy in collaboration with senior leadership, the CRO, the CFO, and the board.

• Executive Risk Leadership:
  Provide executive-level oversight and strategic recommendations to senior leadership, the Board of Directors, and the Asset-Liability Committee (ALCO) to help align risk management and optimization strategies with organizational goals. Advise on key financial risk decisions, including capital, ALM, Credit, and liquidity strategies.

• Financial Risk Modeling & Analysis:
  Develop, implement, challenge, review, validate, and/or enhance sophisticated financial risk models, including stress testing, scenario analysis, ALM, and credit models to help predict and manage risks related to liquidity, interest rates, credit, and capital. Help ensure that these models are integrated into decision-making processes across the organization.

• Capital & Liquidity Strategy:
  In coordination with the Finance Team, guide asset-liability management and capital strategy decisions, helping ensure optimal liquidity levels and minimized capital risks. Utilize and/or review/challenge current financial modeling and scenario analysis, and in conjunction with the Finance Team, help optimize the balance sheet structure and optimize financial risks.

• Data-Driven Decision Support:
  Provide senior management with detailed, data-driven financial analyses, reports, and projections. Help develop…