Capital Markets Co-Op

FHLB Des Moines; Des Moines, Northern (IA, KY); Hybrid; USD 40,000 - 50,000; Full time

Job summary

FHLB Des Moines is seeking a quantitative analyst to support the Capital Markets Department with profitability, risk, and asset/liability management analysis using complex financial models.

The role involves enhancing committee reports in Power BI and maintaining documentation for financial models.

Qualifications

• Pursuing a bachelor’s degree in finance, economics, mathematics, statistics, or related field 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.

Responsibilities

• Provide support for 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.

Skills

SQL

Excel

Word

Power BI

Education

Pursuing a bachelor’s degree in finance, economics, mathematics, statistics, or related field

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

• Pursuing a bachelor’s 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.

Time and again, our employees say one of the biggest reasons they love working at FHLB Des Moines is the people. That’s why we hire the best people — smart, innovative and collaborative. Employees who help make it a great place to work. Here, employees can be inspired, be valued, be supported, be challenged, and be rewarded.