Model Risk Validation Co-Op

Fhlbdm; Des Moines (IA); Hybrid; USD 25,000 - 36,000; Part time

Benefits offered by this job

Equal Opportunity Employer

Job summary

FHLB Des Moines invites a Model Risk Co-Op to join our MRMG in validating EUCs and financial models, assessing reasonableness, weaknesses, and risks. You will interact with model owners and stakeholders to understand performance and current activities.

We seek students or recent grads in Quantitative fields who can analyze data, generate reports, and communicate findings clearly. This is a Des Moines, IA-based on-site co-op with competitive hourly compensation.

Qualifications

• Pursuing a graduate or undergraduate degree or a recent graduate in a quantitative discipline.
• Understanding of financial market concepts and basic fixed-income analytics.
• Understanding of stochastic processes, time series analysis, PCA, optimization, logistic regression, Monte Carlo simulation.
• Proficiency with Microsoft Office applications (Excel, Word, PowerPoint, Outlook).
• Previous internship or graduate/undergraduate research in model validation, financial modeling, data science or predictive modeling is desirable.
• Proficiency with Python or R is desirable.
• Strong written and oral communication skills.

Responsibilities

• Participate in EUC and Model Validation projects with testing and analysis according to policies and guidelines.
• Prepare validation reports detailing conclusions and recommendations with management and model owners.
• Provide analytical support for other departmental tasks as needed.
• Assist in model/EUC validation activities, including assessing control aspects of models and EUCs.

Skills

Python or R programming

Quantitative finance knowledge

Statistical analysis

Excel proficiency

Written reports

Communication skills

Education

Quantitative Finance/Statistics/Mathematics/Economics degree

Tools

Excel

Word

PowerPoint

Outlook

Job description

FHLB Des Moines invites a Model Risk Co-Op to join our MRMG in validating EUCs and financial models, assessing reasonableness, weaknesses, and risks. You will interact with model owners and stakeholders to understand performance and current activities.

We seek students or recent grads in Quantitative fields who can analyze data, generate reports, and communicate findings clearly. This is a Des Moines, IA-based on-site co-op with competitive hourly compensation.