Credit Risk Analyst

FHLB Des Moines; Des Moines (IA); Hybrid; USD 59,000 - 70,000; Full time

Benefits offered by this job

11 paid holidays

5 weeks of PTO

401(k) matching

Job summary

FHLB Des Moines is seeking a Credit Risk Analyst to support credit risk management by evaluating member financial institutions and counterparties. The role involves analyzing financial statements, monitoring risk indicators, and assessing collateral adequacy to inform lending decisions.

You will perform stress testing, model evaluation, and regulatory reporting while collaborating with cross-functional teams. A 1–3 year background in credit analysis and strong Excel skills are preferred.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Statistics, or a related field.
• 1–3 years of credit analysis, banking, financial services, risk management, or related experience.
• Knowledge of financial statement analysis and interpretation.
• Understanding of credit risk principles, portfolio management concepts, and risk assessment methodologies.
• Proficient in Excel, Word, and PowerPoint.

Responsibilities

• Conduct periodic credit reviews and ongoing monitoring of member financial institutions and counterparties.
• Analyze financial statements, regulatory filings, performance trends, and key risk indicators.
• Evaluate collateral adequacy, borrowing capacity, and compliance with lending and credit policies.
• Monitor trends in capital adequacy, liquidity, asset quality, and earnings performance.
• Prepare credit analyses, risk ratings, and review memoranda for management decisions.
• Perform monitoring, stress testing, and scenario analyses for credit risk exposure.
• Assist with regulatory reporting and examinations; validate risk models and methodologies.
• Collaborate with business units to strengthen risk management and reporting processes.

Skills

Analytical thinking

Problem solving

Written communication

multitasking

Education

Bachelor's degree in Finance, Accounting, Economics, Statistics, or related field

Tools

SQL

Microsoft Excel

BI platforms

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 Credit Risk Analyst supports the Bank's credit risk management function through the evaluation, monitoring, and analysis of member financial institutions and counterparties. This role assesses creditworthiness, financial performance, collateral adequacy, and emerging risks to support sound lending decisions and effective risk management practices.Accountabilities:ResponsibilitiesConduct periodic credit reviews and ongoing monitoring of member financial institutions and counterparties.Analyze financial statements, regulatory filings, performance trends, and key risk indicators to assess creditworthiness.Evaluate collateral adequacy, borrowing capacity, and compliance with applicable lending and credit policies.Monitor trends in capital adequacy, liquidity, asset quality, earnings performance, and other financial metrics.Prepare credit analyses, risk rating recommendations, and review memoranda for management decision-making.Perform monitoring, stress testing, and scenario analyses to assess potential credit risk exposure.Responsible for regulatory reporting and member examination review.Evaluate and monitor credit models and risk assessment methodologies to ensure effectiveness and accuracy.Assist with testing and validation of departmental processes, controls, and technology applications.Partner with business units across the Bank to provide strong risk managementServe as backup support for key credit reporting and monitoring processes.Assist with the preparation, review, and completion of compliance and risk management reporting.Identify opportunities for process improvements that enhance efficiency, reporting accuracy, and risk monitoring capabilities.Maintain awareness of industry developments, regulatory changes, and emerging credit risks impacting member institutions.QualificationsBachelor's degree in Finance, Accounting, Economics, Statistics, or a related field.One to three years experience in credit analysis, banking, financial services, risk management, or a related field.Knowledge of financial statement analysis and interpretation.Understanding of credit risk principles, portfolio management concepts, and risk assessment methodologies.Strong analytical, problem-solving, and written communication skills.Proficiency in Microsoft Excel, Word, and PowerPoint.Ability to manage multiple priorities and work independently with appropriate judgment.Ability to collaborate effectively with colleagues across departments and levels of the organization.Demonstrated initiative, curiosity, and commitment to continuous learning.PreferredExperience analyzing financial institutions or regulated entities.Knowledge of financial modeling, statistical analysis, or quantitative risk assessment techniques.Experience with SQL, data analytics tools, or business intelligence platforms.Compensation Range:Annual Salary: $59,046.00 - $70,118.00This salary 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. This role is also eligible to participate in the Bank’s annual incentive plan.As part of our competitive Total Rewards package, the Bank offers 11 paid holidays, 5 weeks of PTO and a work culture that values work/life balance. Most roles are eligible for our hybrid work schedule. We match 100% of the first 6% you contribute to your 401(k) and provide an additional 4% non-discretionary contribution to your 401(k) at the end of year. More information on our Total Rewards program can be found here .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.