Senior Capital Markets Analyst

FHLB Des Moines; Des Moines, Northern (IA, KY); Hybrid; USD 90,000 - 130,000; Full time

Job summary

FHLB Des Moines is seeking a Senior Capital Markets Analyst to perform quantitative analytics for balance sheet and portfolio management, including mortgage pricing and hedging strategies. You will work with fixed income tools and cross‑departmental teams to forecast cash flows and assess risk under various scenarios.

The role requires bachelor-level training in quantitative fields, 2–3 years of related experience, and proficiency with Excel/Visual Basic, plus SQL/R/Python and Power BI skills.

Qualifications

• Bachelor's degree in finance, economics, mathematics, statistics or other quantitative/computing fields.
• At least 2-3 years of experience related to balance sheet management, fixed income, complex financial instruments or financial modeling and reporting.
• Advanced degree (Masters) or CFA charter holder or similar certification preferred.
• Highly proficient computer skills in Excel, Word, and Visual Basic.
• Experience with ALM, capital markets, balance sheet management and/or other financial software (QRM/Polypaths) preferred.
• Experience with scripting/programming languages such as SQL, R or Python preferred.
• Experience with dashboard tools such as Power BI preferred.
• Strong interpersonal and communication skills; ability to work in a team-oriented environment.

Responsibilities

• Perform quantitative analytics for balance sheet management, portfolio management and pricing models including mortgage pricing and prepayment modeling.
• Develop models to measure risks from interest rates, prepayment, liquidity, capital management and income.
• Recommend hedging strategies for mortgage portfolios and analyze market trends.
• Research and validate models and reports; implement asset and liability modeling systems.
• Prepare committee reports for senior management and Board committees.

Skills

Quantitative analytics

Communication skills

Team collaboration

SQL/Python/R

Education

Bachelor's degree in finance/economics/maths/statistics

Masters or CFA preferred

Tools

Polypaths

Principia

QRM

Excel

Word

Visual Basic

Power BI

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.

The Senior Capital Markets Analyst position performs quantitative analytics used to effectively execute the Bank's portfolio management, asset liability management, mortgage loan origination, debt issuance, and liquidity management strategies. This role assesses strategic opportunities and risks identified within the Bank's profitability and cash flow forecasting process, interest rate and prepayment modeling and/or mortgage pricing models, and evaluates the impact of various interest rate scenarios and market conditions. This role is a key contributor in the development, implementation, and cross-departmental coordination of value-add quantitative analytical activities that drive the Capital Markets division's forward-looking decision-making process, pricing models, hedging strategies, and overall balance sheet and portfolio management.

Key Responsibilities

• Perform quantitative analytics used in balance sheet management, portfolio management and pricing models, including mortgage pricing and prepayment modeling, balance sheet funding and hedging, liquidity management and/or income forecasting.
• Develop analytical methods and models that measure and analyze the Bank's exposure to changes in interest rates and other market and business factors under numerous scenarios.
• Understand key drivers of risks including interest rate, prepayment, liquidity, capital management, and income risks and provide forward-looking recommendations to improve financial performance.
• Analyze and recommend hedging strategies for the Bank's mortgage loan portfolio, including the mortgage pipeline.
• Analyze market, housing and macro-economic trends and collaborate with internal traders and external sell-side institutions to obtain relevant market information.
• Conduct research and financial analysis using fixed income analytics tools such as Polypaths, Principia, and Quantitative Risk Management (QRM).
• Assess model performance and develop quantitative analysis to recommend and support changes, as appropriate.
• Implement and maintain asset and liability modeling systems to ensure the utilization of the best analytics systems for the Bank.
• Research, design and implement new quantitative models and reports.
• Manage, develop, and implement efficiencies and effective controls related to departmental EUC's, models, processes related to portfolio management, asset liability management, mortgage loan origination, and debt issuance.
• Represent the Capital Markets Team in Bank-wide projects while gathering key requirements, coordinating cross-department initiatives, performing appropriate testing, finding solutions, and obtaining model validation.
• Develop, enhance, and present committee reports for various senior management and Board committees.
• Other duties and projects as assigned.

Requirements

• Bachelor's degree in finance, economics, mathematics, statistics or other quantitative/computing fields
• At least 2-3 years of experience related to balance sheet management, fixed income, complex financial instruments such as mortgages or derivatives, or financial modeling and reporting
• Advanced degree (Masters) or CFA charter holder or similar certification preferred
• Highly proficient computer skills in Excel, Word, and Visual Basic
• Experience running ALM, capital markets, balance sheet management and/or other financial software preferred, such as QRM or Polypaths
• Experience with scripting/programming languages such as SQL, R or Python preferred
• Experience with dashboard tools such as Power BI preferred
• Strong interpersonal and communication (both written and verbal) skills that allow proactive working relationships in a team-oriented environment
• Excellent