Risk Analytics 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 CO OP in Risk Analytics to conduct analysis and reporting of interest rate risk and asset/liability management using complex models. This role supports weekly balance sheet reporting and monthly market value, economic value, income projection and Value at Risk reporting processes.

You will assist with updating market environments data for risk management systems and maintain related documentation.

Qualifications

• Pursuing a Bachelor's degree in finance, economics, mathematics, statistics, MBA or related field.
• Experience in market risk reporting with complex fixed income instruments.
• Strong analytical and computer skills in Access, Excel and Word.
• Programming experience preferred.
• Strong oral and written communication skills.

Responsibilities

• Support weekly balance sheet risk reporting and MPF pricing updates.
• Assist with monthly risk reports: market value, economic value, income projection, and VaR.
• Contribute to the monthly Market Risk Profile and risk management system maintenance.

Skills

Analytical skills

Programming experience

Communication skills

Education

Bachelor's degree in finance or related field

Tools

Access

Excel

Word

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.

Federal Home Loan Bank of Des Moines seeks a CO OP position for Risk Analytics to conduct analysis and reporting of interest rate risk and asset/liability management of the Bank’s financial position utilizing complex financial models. Other duties include supporting Weekly Balance Sheet Reporting and monthly market value, economic value, income projection and Value at Risk reporting processes, as well as analyzing and updating market environments data for risk management systems

Accountabilities

• Support in preparation and analysis of the weekly total balance sheet risk reporting and weekly Polypaths market creation processes and Mortgage Partnership Finance (MPF)Pricing Update.
• Support in preparation and analysis of the monthly risk reports such as market value, economic value, income projection and Value at Risk etc.
• Support in preparation and analysis of the monthly Market Risk Profile report.
• Assist with the maintenance and upgrade of the risk management systems, i.e. Polypaths.
• Other duties and projects as assigned.
• Comply with internal controls and regulations.

Qualifications

• Pursuing a Bachelor’s degree in finance, economics, mathematics, statistics, MBA or other quantitative/computing fields and/or equivalent work experience.
• Experience in market risk reporting dealing with complex fixed income financial instruments and derivatives.
• Strong analytical and computer skills in Access, Excel and Word.
• Programming experience preferred.
• Strong oral and written communication skills.

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.