Job Title:

Location:

What you'll do:

What we are looking for:

• Develop and manage the concentration risk management program, focusing on credit, concentration, and counterparty risk within the portfolio.
• Establish and enforce portfolio-level limits in collaboration with a line of business leaders, ensuring adherence to the limit framework and alignment with business strategies.
• Leverage quantitative models and their results to define limits and implement risk mitigation measures, reducing unexpected losses in the portfolio.
• Take a lead role in developing, implementing, and mobilizing risk appetite measures, KPIs, and early warning indicators.
• Collaborate with business leaders to establish breach and mitigation plans, presenting findings to risk committees and corresponding with the second line of defense partners.
• Work closely with the first line of defense to establish, measure, and monitor concentration limits, presenting recommendations to risk committees.
• Enhance analysis and reporting of concentration risk, encompassing identification, measurement, limit calibration, and overall risk management.
• Maintain concentration risk management policies and procedures, ensuring compliance with industry standards and regulations.
• Oversee household and financial counterparty risk management programs, ensuring their effectiveness in mitigating potential risks.

What you need to have:

• 8 to 10 years of experience in credit administration, credit risk management, or concentration risk management, preferably within a large financial institution.
• Proven experience in developing and implementing risk management programs, with a focus on credit, concentration, and counterparty risk.
• Strong analytical skills, with the ability to leverage quantitative models for risk assessment and decision-making.
• Effective communication and collaboration skills to work with line of business leaders, risk committees, and the first line of defense.
• In-depth knowledge of risk management principles, policies, and regulatory requirements.
• Ability to lead and drive initiatives that align with business strategies while mitigating concentration risk.
• Proactive in identifying emerging risks and implementing measures to address them.
• Demonstrated ability to manage and mobilize cross-functional teams for successful risk management implementation.
• Demonstrated experience in commercial credit underwriting, including a strong understanding of financial analysis, risk assessment, and industry-specific credit evaluation.
• Proficient in handling and analyzing large datasets, demonstrating advanced analytical capabilities and the ability to derive meaningful insights to inform strategic decision-making.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation