Capital Markets Co-Op

Federal Home Loan Bank of Des Moines; Des Moines (IA); On-site; USD 55,000 - 75,000; Full time

Job summary

Federal Home Loan Bank of Des Moines is seeking a quantitative analyst to support financial performance analysis, pricing, funding, and hedging of mortgage loans. You will contribute to liquidity reporting and maturity gap management while leveraging Power BI for automation and reporting.

The role requires strong analytical skills, proficiency in SQL/Excel/Power BI, and a background in finance-related coursework. Collaborative, detail-oriented work in a regulatory environment is expected.

Qualifications

• Working towards a degree in finance, economics, mathematics, statistics, or other quantitative/computing fields and/or equivalent work experience.
• Completed coursework related to financial statement analysis, fixed income instruments, and derivatives.
• Strong analytical and computer skills in SQL, Excel, Word and Power BI preferred.

Responsibilities

• Provide support for analysis of the Bank’s financial performance, pricing, funding and hedging of mortgage loans, liquidity reporting, and gap management.
• Assist in developing, automating, and enhancing committee reports, particularly in Power BI.
• Maintain documentation supporting financial models and processes.
• Assist with testing and implementation of new systems and functionality.
• Comply with internal controls and regulations.
• Other duties and projects as assigned.

Skills

Analytical thinking

Communication

Education

Quantitative degree (finance/economics/maths/statistics)

Tools

SQL

Excel

Word

Power BI

Job description

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 Federal Home Loan Bank of Des Moines has a simple but important vision: Strong Bank. Strong Communities. And we know we’re only
as strong as those who impact our success the most: our people!
As a co-op, you’ll play an important role in supporting the Capital Markets Department in conducting analysis and reporting of profitability,
risk and asset/liability management of the Bank’s financial position utilizing complex financial models.

Accountabilities

• Provide support for a wide range of departmental tasks related to the analysis of the Bank’s financial performance, pricing, funding and hedging of mortgage loans, liquidity reporting, and maturity gap management.
• Assist in developing, automating, and enhancing committee reports, particularly in Power BI
• Maintain documentation supporting financial models and processes.
• Assist with testing and implementation of new systems and functionality.
• Comply with internal controls and regulations.
• Other duties and projects as assigned.

Qualifications

• Working towards a degree in finance, economics, mathematics, statistics, or other quantitative/computing fields and/or equivalent work experience.
• Completed coursework related to financial statement analysis, fixed income instruments, and derivatives.
• Strong analytical and computer skills in SQL, Excel, Word and Power BI preferred.
• Strong oral and written communication skills.

Compensation Range

Annual Salary: $22.00 - $22.00
This compensation range represents the Bank’s good faith and reasonable estimate of possible compensation at the time of hire. Offer to be determined by selected applicant’s education, experience, knowledge, skills & abilities, as well as internal equity and alignment with market data.

At FHLB Des Moines, we work to create an inclusive culture. 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.