Strategic Market Risk Analyst – Fixed Income

Federal Home Loan Bank of Indianapolis; Indianapolis (IN); Hybrid; USD 85,000 - 100,000; Full time

Benefits offered by this job

Flexible hybrid work schedule

401(k) match up to 6% + 4% company

Tuition reimbursement

Student loan repayment assistance

Medical, dental, vision benefits

Pet insurance

Generous time off

Dress for your day

Job summary

FHLBank Indianapolis is seeking an ERM Market Risk Analyst II to deliver market risk measurement, reporting, and analysis within the Enterprise Risk Management function. You will contribute to balance sheet risk, instrument valuation, and stress testing efforts across fixed income and derivatives.

The role emphasizes collaboration across teams, model validation support, and adherence to FHFA guidelines while enabling ongoing learning and development in quantitative risk methods.

Qualifications

• Master’s degree in a quantitative field (Math/Stats/Engineering/Finance)
• 1 year of experience in quantitative risk or related analysis
• Proficiency in Python, R, or similar languages
• Strong understanding of fixed income, derivatives, and valuation concepts
• Ability to work full-time with 3 days in-office and 2 days remote

Responsibilities

• Produce market risk analyses, balance sheet risk, stress tests, and risk reporting.
• Explain risk numbers, models, and analytics to management and staff.
• Maintain reporting processes and data pipelines for market risk.
• Support model development, validation, and regulatory documentation.

Skills

Analytical thinking

Python

R

SQL

Power BI

MATLAB

C/C++

Communication

Data analysis

Education

Master’s degree in Mathematics/Quantitative Analysis/Statistics/Financial Engineering/Finance

Tools

Polypaths

QRM

ZMDesk

Principia

Fabric

VBA

SAS

Job description

FHLBank Indianapolis is seeking an ERM Market Risk Analyst II to deliver market risk measurement, reporting, and analysis within the Enterprise Risk Management function. You will contribute to balance sheet risk, instrument valuation, and stress testing efforts across fixed income and derivatives.

The role emphasizes collaboration across teams, model validation support, and adherence to FHFA guidelines while enabling ongoing learning and development in quantitative risk methods.