FEDERAL HOME LOAN BANK Senior Analyst, Market Risk in Des Moines, Iowa
At FHLB Des Moines, we work each day to develop an inclusive culture that supports and leverages the complexity of a diverse workforce. This enables us to effectively serve the needs of our members and help them succeed.The Senior Analyst, Market Risk is responsible for measuring and monitoring market risk of the Bank's balance sheet utilizing complex financial models, performing stress tests of market risk exposures and assessing model performance. The incumbent of this position will assist with the implementation and maintenance of the Asset/Liability Management ("ALM") system. The incumbent will interact with various departments such as model risk management and capital markets and present analysis to the market risk subcommitteeAccountabilities:Conduct month-end valuation and income simulation; analyze and review production results.Implement recommendations/findings from FHFA exam, model validation and other audit processes.Maintain and enhance market risk models, processes and EUCs including the QRM ALM system.Manage departmental regulatory issues and internal controls.Perform daily Mortgage Partnership Finance (MPF) mortgage whole loan pricing and QRM market preparation and conduct ad-hoc analysis in relation to market risk.Prepare Market Risk Committee (MRC), Enterprise Risk Committee (ERC), Board, Compliance reports and other reports related to the Bank's market risk exposure.Support FAS Valuation related processes.Conduct ad hoc analysis related to the Bank's market risk exposures and testing and validation of data related to Bank-wide projects and model updatesQualifications:2+ years of experience in quantitative or financial analysis in risk management and portfolio management or a Ph.D. in one of the above fields.Understanding of term structure modeling including its validation, market calibration and ability to justify the application of specific structure models.Ability to work in a team environment and to collaborate with internal staff.Strong analytical and computer skills in Excel, PowerPoint, Word and relational databases such as SQL and Access. Programming skills preferred.Strong oral and written communication skills.Master's Degree in Finance, Economics, Mathematics, Statistics or other quantitative or computing field.At FHLB Des Moines, we celebrate diversity, work to create an inclusive culture and champion equity in all of our policies and practices. This enables us to effectively serve the needs of our members and help them succeed. FHLB Des Moines is proud to be an Equal Opportunity Employer. We prohibit discrimination on the basis of race, color, religion, sex (including pregnancy, sexual orientation or gender identity), national origin, age, disability, veteran status, genetic information (including family medical history), status as a parent or any other characteristic protected by federal, state or local law.Federal Home Loan Bank of Des Moines is an Equal Employment Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.