Model Risk Validation Co‑Op (Quant)

Federal Home Loan Bank of Des Moines; Des Moines (IA); On-site; USD 25,000 - 36,000; Part time

Job summary

Federal Home Loan Bank of Des Moines is seeking a Model Risk Co-Op to assist in validating End User Computing tools and financial models across the Bank. You will help assess model reasonableness, document findings, and discuss risks with model owners and MRMG partners.

Ideal candidates are pursuing or recently completed degrees in Quantitative Finance, Statistics, Mathematics, or Economics, with knowledge of fixed-income analytics and basic stochastic methods.

Qualifications

• Pursuing or recently completed degree in quantitative field.
• Understanding of financial market concepts and fixed-income analytics.
• Familiarity with stochastic processes and time series analysis is a plus.

Responsibilities

• Participate in EUC and Model Validation projects.
• Generate validation reports with conclusions and recommendations.
• Provide analytical support for MRMG tasks and risk assessments.

Skills

Quantitative finance

Statistics

Mathematics

Economics

Python

R

Written communication

Education

Undergraduate or graduate degree in Quantitative Finance/Statistics/Math/Economics

Tools

Python

R

Excel

Job description

Federal Home Loan Bank of Des Moines is seeking a Model Risk Co-Op to assist in validating End User Computing tools and financial models across the Bank. You will help assess model reasonableness, document findings, and discuss risks with model owners and MRMG partners.

Ideal candidates are pursuing or recently completed degrees in Quantitative Finance, Statistics, Mathematics, or Economics, with knowledge of fixed-income analytics and basic stochastic methods.