Risk Analytics Co-Op

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

1d

About The Position

FHLB Des Moines seeks a Risk Analytics Co-Op to conduct analysis and reporting of interest rate risk and asset/liability management of the Bank’s financial position using complex financial models. The role also supports weekly balance sheet reporting and monthly market value, economic value, income projection, and Value at Risk reporting processes, and analyzes and updates market environment data for risk management systems.

The position supports preparation and analysis of weekly total balance sheet risk reporting, weekly Polypaths market creation processes, Mortgage Partnership Finance (MPF) Pricing updates, monthly risk reports, and the monthly Market Risk Profile report. It also assists with maintaining and upgrading risk management systems such as Polypaths, completes other assigned duties and projects, and complies with internal controls and regulations.

The stated compensation range is $22.00 per hour. The offer depends on the selected applicant’s education, experience, knowledge, skills, abilities, internal equity, and market data. FHLB Des Moines describes its culture as inclusive and is an Equal Opportunity Employer.

Requirements

• Pursuing a bachelor’s degree in finance, economics, mathematics, statistics, an MBA, or another quantitative or computing field, and/or equivalent work experience.
• Experience in market risk reporting involving complex fixed-income financial instruments and derivatives.
• Strong analytical and computer skills in Access, Excel, and Word.
• Strong oral and written communication skills.

Nice To Haves

• Programming experience.

Responsibilities

• Support preparation and analysis of weekly total balance sheet risk reporting.
• Support weekly Polypaths market creation processes and Mortgage Partnership Finance (MPF) Pricing updates.
• Support preparation and analysis of monthly risk reports, including market value, economic value, income projection, and Value at Risk reports.
• Support preparation and analysis of the monthly Market Risk Profile report.
• Assist with maintenance and upgrades of risk management systems, including Polypaths.
• Complete other duties and projects as assigned.
• Comply with internal controls and regulations.

What This Job Offers

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