FEDERAL HOME LOAN BANK Senior Analyst, Market Risk in Des Moines, Iowa
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.Responsibilities/Duties/Function/Tasks:Review the analysis of the daily total balance sheet risk reporting, daily QRM market creation processes, and MPF Pricing Update processes.Develop enhancement of monthly risk reports such as MVCS (Market Value of Capital Stock) and EVCS (Economic Value of Capital Stock) reports.Review and enhance analysis of Value at Risk (VaR) report.Review the analysis of MRC, ERC, Board, Compliance risk reports through monthly Market Risk Profile (MRP) report.Conduct month-end income simulation; analyze and review production results.Conduct month-end target retained earnings report; analyze and review production results.Conduct month-end liquidity risk gap analysis; analyze and review production results.Develop and enhance market risk reporting processes and EUCs.Implement recommendations/findings from FHFA exam, model validation and other audit processes.Assist performing departmental compliance with internal controls and regulations.Play a key role in charge of maintenance and upgrade of the risk management systems, i.e. QRM.Assist Market Risk Reporting Manager with planning/development of MRM group and train Junior Analysts and interns on existing market risk processes and market risk concepts, direct and mentor assigned Junior Analysts and interns.Other duties and projects as assigned.Qualifications:Advanced degree in finance, economics, mathematics, statistics, MBA or other quantitative or computing fields and/or equivalent work experience.At least 2 years of experience in modelling complex fixed income financial instruments and derivatives in QRM.At least 2 years of experience in analyzing market risk reports.Strong analytical and computer skills in Access, Excel and Word.Programming experience preferred.Strong oral and written communication skills.Responsible for measuring market risk of the Bank's balance sheet utilizing complex financial models, performing stress tests and back tests of market risk exposures and assisting with the implementation and maintenance of the Asset/Liability Management ("ALM") system.Federal Home Loan Bank of Des Moines is an Equal Employment Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.