Fixed Income Rotational Program Analyst

Federal Home Loan Bank of Des Moines • Des Moines, IA

3d • $65,540 - $77,829 • Hybrid

About The Position

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. Gain exposure and contribute to projects and tasks associated with key concepts including but not limited to; bank funding, hedging strategies, managing investment portfolios, and measuring and managing the Bank’s fixed income risk. This position is designed to prepare individuals for opportunities at the Bank by developing a set of core skills that will translate across fixed income departments. Accountabilities: Capital Markets Learn and apply the key components utilized in pricing, hedging, and funding a mortgage loan portfolio, including duration risk, prepayment risk and profitability Perform analysis on asset/liability management strategies and learn how bank performance is impacted by changes in the market environment and balance sheet structure Identify risks and opportunities on the balance sheet by performing income forecasting analysis Understand the sources of the Bank’s liquidity risk and how to manage this risk within regulatory constraints Treasury Learn the key principles of fixed income and derivative trade execution Develop relative value framework to determine value of securities Gain understanding of regulatory framework and its constraints on portfolio optimization Manage the data flow from executed transactions into Bank systems and troubleshoot as needed Manage lifecycle events of bonds and derivatives such as coupon payments and calls Collaborate with other Bank departments with respect to Bank transactions Enterprise Risk Ensure Bank equity is preserved in different economic conditions through asset and liability valuation management Evaluate risk factors for the Bank’s earnings and ensure an adequate return on capital stock Gain exposure to and perform stress testing Oversee the Bank’s management of liquidity and capital risk Program participants will be evaluated on their growth and demonstrated proficiencies in the following competencies throughout the Bank’s annual performance enablement cycle. Organizational Awareness Problem Solving and Decision Making Dynamic learning by applying skills and performing responsibilities Risk management and negotiation proficiency Connected concepts and workflows Planning and Results Orientation Communication, both written and verbal

Requirements

• The Program is open to upcoming and recent college graduates possessing a degree in Finance, Business Analytics, Economics, Engineering or Mathematics from an accredited college or university.
• Excellent analytical, communication, interpersonal, technical, and presentation skills
• Proficiency in Word and Excel, knowledge of SQL preferred
• Aptitude in the following areas preferred Quantitative calculations Critical Thinking & Problem-Solving Communication & Presentation Skills Teamwork & Collaboration Being Self-driven & Results-Oriented Time Management

Nice To Haves

• Relevant professional certifications (CFA) are not a requirement for entry into the program but a desire to pursue such professional development is preferred.

Responsibilities

• Learn and apply the key components utilized in pricing, hedging, and funding a mortgage loan portfolio, including duration risk, prepayment risk and profitability
• Perform analysis on asset/liability management strategies and learn how bank performance is impacted by changes in the market environment and balance sheet structure
• Identify risks and opportunities on the balance sheet by performing income forecasting analysis
• Understand the sources of the Bank’s liquidity risk and how to manage this risk within regulatory constraints
• Learn the key principles of fixed income and derivative trade execution
• Develop relative value framework to determine value of securities
• Gain understanding of regulatory framework and its constraints on portfolio optimization
• Manage the data flow from executed transactions into Bank systems and troubleshoot as needed
• Manage lifecycle events of bonds and derivatives such as coupon payments and calls
• Collaborate with other Bank departments with respect to Bank transactions
• Ensure Bank equity is preserved in different economic conditions through asset and liability valuation management
• Evaluate risk factors for the Bank’s earnings and ensure an adequate return on capital stock
• Gain exposure to and perform stress testing
• Oversee the Bank’s management of liquidity and capital risk

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 251-500 employees