Financial Risk Analyst II

FHLBCIN • Cincinnati, OH

6d • Onsite

About The Position

Provides intermediate level of financial analyses utilizing financial modeling software programs, Excel, database applications, and subsidiary systems in support of the Bank's financial management. Participates in the use and maintenance of the earnings simulation model and other recurring and non-recurring projects, which requires utilizing other market risk models and subsidiary processes and systems. Assists in analysis of mortgage risk/return performance and mortgage asset prepayment speeds using the market risk models and prepayment software models.

Requirements

• Bachelor's Degree in business with coursework in finance, accounting, and economics.
• One or more years of related analytical experience preferably in the financial services industry.
• Intermediate skills in the use of Excel, as well as general database management techniques are required.
• Analytical skills necessary to develop, produce, interpret, and present a variety of financial reports and analyses.
• Understanding of relevant generally accepted accounting principles, especially those related to financial institutions, mortgage securities and derivatives.
• Detail-oriented and possess analytical skills necessary to research, troubleshoot, prepare, and present a variety of reports and analyses in a fast-paced, continually evolving atmosphere.
• Excellent verbal, written, and interpersonal communication skills necessary to effectively interact with all levels of Bank staff.
• Demonstrates interests in working with a variety of backgrounds and perspectives that align with the Bank’s core value. Promotes an environment of empathy and respect to ensure the inclusion of all team members.

Nice To Haves

• Master's Degree in work-relevant business field.
• Knowledge of financial theory and financial modeling systems and practices related to earnings simulations, profitability trends, asset/liability management, fixed-income, mortgage securities and derivatives is preferred.
• Understanding of other languages and applications, including VBA is preferred.

Responsibilities

• Researches, creates, develops, interprets, applies, implements, and presents financial analyses projects concerning all facets of the financial operations, including earnings projections, market risk exposure, funding/hedging activities, Advances, mortgage loans, mortgage-backed securities, short-term investments, Consolidated Obligations, structured debt, capital, retained earnings, interest rate swaps, mortgage prepayment speeds, interest rate volatility, basis risk, term structure modeling, balance sheet composition, and leverage.
• Utilizes the earnings simulation model and other models as assigned including documentation of procedures, preparation of input data using appropriate systems and programs, automation of data management, organization and processing of reports and analyses, analysis and verification of results, and developments and enhancements.
• Produces regular analytical reports on expected mortgage risk/return performance and prepayment speeds on mortgage assets using the earnings simulation models, and other models as needed.
• Utilizes financial software packages and systems to perform analyses, which include Windows applications (specifically Excel and Access), Bloomberg, PolyPaths, LPS and Bank proprietary software and programs.
• Participates in fulfilling the Department’s compliance with Sarbanes Oxley legislation and end-user computing requirements.
• Performs other duties as assigned by management.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level