Credit Risk Co-op

Federal Home Loan Bank of Des Moines; Des Moines (IA); On-site; USD 30,000 - 34,000; Full time

Job summary

Federal Home Loan Bank of Des Moines seeks a credit risk analyst-in-training to help evaluate, monitor, and analyze member financial institutions and counterparties, ensuring regulatory compliance and protecting the Bank from losses. The role involves reviewing credit profiles, analyzing statements, monitoring policies, and supporting examinations.

You will perform stress testing, collaborate across units, and back up reporting activities while developing strong analytical and Excel skills in a

Qualifications

• Pursuing a degree in Finance, Accounting, Economics, Analytics or related field.
• Knowledge of financial statements.
• Understanding of credit risk principles preferred.
• Strong analytical and problem-solving skills; report-writing skills preferred.
• Knowledge of financial models; statistical modeling skills preferred.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Ability to work independently and collaboratively.
• Demonstrated initiative, curiosity and commitment to continuous learning.

Responsibilities

• Support reviews of member credit profiles by analyzing financial statements, regulatory filings, performance trends, and key risk indicators to assess creditworthiness.
• Monitor and report on compliance with credit policies, procedures and regulations.
• Analyze financial performance and creditworthiness of member financial institutions.
• Monitor member trends, capital ratios, liquidity, and asset quality.
• Support regulatory reporting and examinations.
• Perform stress testing and scenario analysis.
• Collaborate with multiple Bank business units.
• Serve as back-up for other Credit Analysts in ongoing production of key reports.
• Assist department staff in testing departmental processes and computer applications.
• Assist with review and completion of compliance reporting.

Skills

Financial analysis

Credit risk concepts

Excel

Report writing

Analytical thinking

Independent & collaborative work

Education

Pursuing degree in Finance/Accounting/Economics/Analytics

Tools

Microsoft Excel

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.

Summary:

Supports the Bank's credit risk management function through the evaluation, monitoring, and analysis of member financial institutions (banks, credit unions and insurance companies) and counterparties. The role ensures compliance with regulatory requirements while protecting the Bank from potential credit losses.

Accountabilities:

Key Responsibilities:

• Support reviews of member credit profiles by analyzing financial statements, regulatory filings, performance trends, and key risk indicators to assess creditworthiness.
• Monitor and report on compliance with credit policies, procedures and regulations.
• Analyze financial performance and creditworthiness of member financial institutions.
• Monitor member trends, capital ratios, liquidity, and asset quality.
• Support regulatory reporting and examinations.
• Perform stress testing and scenario analysis.
• Collaborate with multiple Bank business units.
• Serve as back-up for other Credit Analysts in ongoing production of key reports.
• Assist department staff in testing departmental processes and computer applications.
• Assist with review and completion of compliance reporting.

Requirements:

• Working towards a degree in Finance, Accounting, Economics, Analytics or related field.
• Knowledge of financial statements.
• Understanding of credit risk principles preferred.
• Strong analytical and problem-solving skills; report-writing skills preferred.
• Knowledge of financial models; statistical modeling skills preferred.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Ability to work independently and collaboratively.
• Demonstrated initiative, curiosity and commitment to continuous learning.

Compensation Range:

Hourly: $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.