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Third Party Risk Financial Analyst Senior
Farmington Hills, MI
Job Description
Third-Party Risk Financial Analyst
The Third-Party Risk Financial Analyst will play a pivotal role in our organization's risk management efforts and will assess, monitor, and mitigate financial risks associated with our third-party relationships. The Third-Party Risk Financial Analyst provides financial support, maintains financial oversight, and makes recommendations on financial risks of third parties.
The Third-Party Risk Financial Analyst will play a pivotal role in our organization's risk management efforts and will assess, monitor, and mitigate financial risks associated with our third-party relationships. The Third-Party Risk Financial Analyst provides financial support, maintains financial oversight, and makes recommendations on financial risks of third parties.
Effectively provides comprehensive Financial Analysis of third parties to determine their financial health, stability, and creditworthiness. Possesses and applies the broad concepts, practices, and procedures to aid in the completion of moderate to highly complex assignments. Provides counsel to client leaders in order to proactively anticipate and address complex to very complex financial issues impacting the business. Role has department impact.
Leads project management responsibilities in moderate to complex projects that have impact at department or division level. Moderate to significant influence and impact within project or department. Under moderate supervision, takes lead or secondary role in the execution of financial analysis and reporting for assigned client base.
Position Responsibilities:
Financial Analysis Support
Financial Analysis Support
- Provide financial support to business units.
- Maintain financial oversight and make recommendations on financial issues to assigned business unit (s).
- Act as primary financial partner for assigned business unit(s) and be an active participant at team meetings.
Review and Analysis of Monthly Results
- Coordinate and execute the review of monthly reporting and results process with assigned business unit(s).
- Provide analytical support and recommendations on key financial issues.
- This includes the research and explanation of variances to the plan in coordination with assigned business unit(s).
Monthly l Deep Dive Review Process
- Conduct a comprehensive and detailed monthly deep dive review of select third party relationships, with a focus on in-depth financial analysis to identify potential risks and opportunities.
Project Management
- Provide project financial support and analytics related to financial and other performance metrics to assigned business unit(s).
Reporting
- Generate financial risk reports, summarizing analysis findings and risk mitigation recommendations.
Communications and Presentations
- Lead and/or present financial analysis and results to business unit(s).
Business Decision Support (Problem Resolution) - Provide support to business units on how to mitigate financial risk which may include contingency plans. Provide objective viewpoint on financial results for the business unit.
Position Qualifications:
- 4 years of Finance/financial analysis experience
- 3 years of MIS or financial reporting/systems tools such as Hyperion
- 3 years of Building financial models
- 3 years of MS Office intermediate proficiency in Excel experience
- 3 years of Managing small to medium projects
- 3 years of Presenting data to management
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
3 to 4 years
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