Third Federal is a leading lender of conventional home mortgages lending in 27 states, plus the District of Columbia, with retail branch offices in Ohio and Florida. Our mission is to help people achieve the dream of home ownership and financial security while creating value for our customers, our communities, our associates, and our stockholders. Our value system of love (concern for others), trust, respect, a commitment to excellence, and fun is at the heart of our commitment to our mission, and just as importantly, to our company culture. Through this, we help people find the loan or savings product that makes sense for them.
At Third Federal, you will find strength and stability in your career. In our nearly 90-year history, we have never had layoffs, and have one of the lowest annual turnover rates at 6% (versus an industry average of nearly 19%). We have been certified as a 'Great Place to Work' multiple times in the last decade alone, and have been recognized with several additional workplace awards and recognitions. Because Third Federal associates are the foundation of our success, we take a genuine interest in each of them - from their professional development to their health and wellness.
Role Summary
We are seeking an experienced Finance and Data Modeling Analyst to join our Finance department here at Third Federal. The analyst will contribute to our financial modeling while also contributing to the ongoing monitoring and reporting of key financial metrics such as net interest margin and capital adequacy. A successful candidate will have a passion to pursue and connect economic and financial market conditions into our consumer and portfolio performance measurements. The position will offer an opportunity to obtain extensive knowledge across multiple financial disciplines (interest rate risk, credit risk, capital planning, forecasting and liquidity management) through active engagement on material covered in key committees coupled with the hands-on efforts within our modeling framework.
This position is eligible to be hybrid out of our Cleveland, OH corporate offices (3 days in office) after training.
Responsibilities
Interest Rate Risk Modeling Support and Ownership
Maintain model documentation for Empyrean and sub-models
Conduct assumption change analysis and maintain model change logs
Run convergence testing to determine appropriate paths for stochastic modeling
Run sensitivity analysis against key behavioral assumptions
Maintain and prepare model back-testing and reporting
Analyze model results and connections to economic environments
Model ownership for Capital Planning Stress Testing
Support CECL Modeling process and alternate economic scenarios
Support Liquidity Modeling process and analysis
Own key components of monthly and quarterly analytical processes
Prepay analysis and data support for ALCO
Orchestrate the monitoring around the Balance Sheet Management Program
Loan Fair Value Reporting
Parent Company IRR Profile
High Risk Security Testing
Actual-to-Budget Variance Analysis
Create and maintain reporting on various financial components of the bank
Funding WAM, Wholesale Borrowings Outlook, Texas Ratio, etc.
Take part in managing and balancing the daily cash management worksheet
Participate in special projects and analyses, including process optimization and automation
Requirements
Third Federal Perks & Benefits (not editable)
Our anticipated pay range for this position is $60,000.00 - $90,000.00 annually. At Third Federal, we're committed to transparency throughout the hiring process. The pay range listed is based on relevant market data, role responsibilities, and skills required for the position. Individual pay will be thoughtfully determined by a candidate's qualifications, experience, and other relevant factors.
Third Federal is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, ethnicity, religion, sex, national origin, gender identification or sexual orientation, disability, protected veteran status or any other classification protected under law.