Senior Capital Markets & Investment Portfolio Risk Analyst
Western Alliance Bank • Las Vegas, Nevada • Full Time • $115,915–$143,185 / year
Posted on Thu, Oct 1, 2026
Job Title:
Senior Capital Markets & Investment Portfoilio Risk AnalystLocation:
CityScapeWhat you'll do:
The Financial Risk Management Group (FRM) provides independent risk oversight of the Company’s Treasury and Mortgage Capital Markets activities. This role within FRM focuses specifically on Investment Portfolio, Mortgage Servicing Rights and Loans Held for Sale exposures. The team facilitates effective use of risk appetite to monitor and assess risk-taking activities. The group also plays a key role in keeping senior management appraised of the Company’s financial risk profile. This is achieved by using risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, and overall process improvement.As a Senior Capital Markets and Investment Portfolio Risk Analyst, you will serve as a key contributor in monitoring market, liquidity and capital risks associated with the Company’s investment securities and mortgage asset exposures. The position partners extensively with Treasury and Mortgage Capital Markets to evaluate risk exposures, challenge assumptions, assess emerging risks, and strengthen the firm’s overall risk governance framework. This role is ideal for someone with a strong analytical background who is looking to develop their expertise in financial risk management.
- Independently review risk exposures within the investment securities, mortgage servicing asset, and loans held for sale portfolios. Monitor portfolio composition and risk measures including duration, convexity, market value sensitivity, unrealized gain/loss positions, asset yields, valuation risk, and hedge effectiveness.
- Monitor and assess hedging strategies and asset portfolio performance under various market conditions including interest rate, spread, liquidity stress scenarios.
- Review and validate management assumptions, model outputs, and stress testing used to support risk decisions.
- Evaluate emerging market developments and their impact on asset performance and risk exposures.
- Produce and enhance risk reporting delivered to executive management and governance committees. Identify portfolio trends, emerging risks, limit concerns, and material market developments requiring management attention.
- Monitor adherence to Board-approved risk limits and regulatory requirements.
- Build effective relationships across Treasury and Mortgage Capital Markets teams to gather data and support risk oversight activities.
- Support the documentation of risk reviews, challenge activities, and oversight processes in accordance with governance standards.
- undefined
What you'll need:
- Bachelor’s degree in finance, Economics, Mathematics, or related field; CFA/FRM preferred.
- 4+ years in Asset Liability Management, investment portfolio oversight, Mortgage Capital Markets, or related field with a strong focus on analytics.
- Familiarity with fixed income securities, derivatives, and/or hedging instruments.
- Understanding of regulatory frameworks and risk management principles.
- Strong understanding of second line of defense principles.
- Analytical mindset with attention to detail.
- Ability to work collaboratively with different teams.
- Good written and verbal communication skills.
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, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands — Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank — that remain part of the company’s heritage, as well as AmeriHome Mortgage, 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 HR@westernalliancebank.com 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
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What the data says about this job
- Advertised pay for Risk Analyst: a median of $92,759 across 889 priced postings. This posting advertises $115,915 to $143,185, 40% above that median. Explore the market
- Western Alliance Bank's roles typically close in 12 days; the market median is 14 days. Time to close
- None of Western Alliance Bank's 14 tracked postings is more than six months old. Posting hygiene
- Western Alliance Bank has 33 internships, co-ops and new-grad roles open. Campus profile
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