Credit Risk Co-op

FHLB Des Moines; Des Moines, Northern (IA, KY); Hybrid; USD 25,000 - 36,000; Full time

Job summary

FHLB Des Moines is seeking a Credit Analyst to support the Bank's credit risk management by evaluating member financial institutions, monitoring credit quality, and ensuring regulatory compliance.

You will analyze financial statements, conduct stress tests, prepare reports, and collaborate with multiple bank units to safeguard assets and support sound lending.

Qualifications

• Working toward 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

Credit risk analysis

Financial statements

Regulatory reporting

Excel

Education

Finance/Analytics degree

Tools

Financial modeling

Microsoft Office

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.

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. 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.