Senior Market Risk Analyst

Federal Home Loan Bank of Des Moines; Des Moines (IA); Hybrid; USD 102,000 - 121,000; Full time

Benefits offered by this job

Hybrid work schedule

Paid holidays

PTO

Job summary

Federal Home Loan Bank of Des Moines is seeking a Senior Risk Analyst to monitor daily balance sheet risk reporting and produce monthly reports including MVE, MVCS, EVCS and VaR.

You will analyze risk reports for committees, support testing, and identify enhancement opportunities for reporting processes. The role includes maintaining risk systems and contributing to risk management projects with a hybrid work arrangement.

Qualifications

• Advanced degree preferred in finance, financial engineering or related quantitative field.
• At least 2 years of quantitative analysis experience in finance or economics.
• Strong analytical and computer skills in Access, Excel and Word.
• Programming experience preferred (SQL, VBA).
• Strong oral and written communication skills.

Responsibilities

• Monitor and maintain daily total balance sheet risk reporting process.
• Create monthly risk reports such as MVE, MVCS, EVCS and VaR.
• Provide in-depth analysis of attribution factors for monthly changes.
• Analyze risk reports for governance and risk committees.
• Analyze monthly advanced valuation and income simulation results.
• Support testing of risk reports’ source data in bank-wide projects.
• Assist in compliance with internal controls and regulations.
• Maintain and upgrade risk management systems (e.g., Polypaths).

Skills

Quantitative analysis

Analytical thinking

Communication skills

Programming experience

Education

Advanced degree or higher

Tools

SQL

VBA

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.

Accountabilities

Job Description

• Monitor and maintain daily total balance sheet risk reporting process.
• Create monthly risk reports such as Market Value of Equity (MVE), Market Value of Capital Stock (MVCS), Economic Value of Capital Stock (EVCS) and Value at Risk (VaR).
• Provide in-depth analysis of attribution factors for MVE and VaR monthly changes.
• Provide in-depth analysis of risk reports for Market Risk Committee, Enterprise Risk Committee, Asset Liability Committee and Valuation Subcommittee.
• Analyze monthly advance valuation results.
• Analyze monthly income simulation results.
• Monitor daily liquidity activities.
• Review weekly market loading and MPF pricing update reports.
• Identify enhancement opportunities for risk reporting processes and develop optimized solutions for them.
• Implement model changes, recommendations/findings from FHFA exam, model validation and other audit processes.
• Assist testing of risk reports’ source data in bank-wide projects.
• Assist performing departmental compliance with internal controls and regulations.
• Play a key role in maintenance and upgrade of the risk management systems, i.e. Polypaths.
• Other duties as assigned.

Qualifications

• Advanced degree preferred in finance, financial engineering, economics, mathematics, statistics, MBA or other quantitative or computing fields and/or equivalent work experience.
• At least 2 years of experience in quantitative analysis in finance, economics, mathematics, statistics or other quantitative/computing fields.
• Strong analytical and computer skills in Access, Excel and Word.
• Programming experience preferred, e.g. SQL, VBA.
• Strong oral and written communication skills.

Compensation Range

Annual Salary: $102,210.00 - $121,374.00

This salary 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. This role is also eligible to participate in the Bank’s annual incentive plan.

As part of our competitive Total Rewards package, the Bank offers 11 paid holidays, 5 weeks of PTO and a work culture that values work/life balance. Most roles are eligible for our hybrid work schedule. We match 100% of the first 6% you contribute to your 401(k) and provide an additional 4% non-discretionary contribution to your 401(k) at the end of year. More information on our Total Rewards program can be found here.

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.