Senior Capital Markets Analyst

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

2d•$102,210 - $121,374•Hybrid

About The Position

The Senior Capital Markets Analyst position performs quantitative analytics used to effectively execute the Bank’s portfolio management, asset liability management, mortgage loan origination, debt issuance, and liquidity management strategies. This role assesses strategic opportunities and risks identified within the Bank’s profitability and cash flow forecasting process, interest rate and prepayment modeling and/or mortgage pricing models, and evaluates the impact of various interest rate scenarios and market conditions. This role is a key contributor in the development, implementation, and cross-departmental coordination of value-add quantitative analytical activities that drive the Capital Markets division’s forward-looking decision-making process, pricing models, hedging strategies, and overall balance sheet and portfolio management.

Requirements

Bachelor’s degree in finance, economics, mathematics, statistics or other quantitative/computing fields
At least 2-3 years of experience related to balance sheet management, fixed income, complex financial instruments such as mortgages or derivatives, or financial modeling and reporting
Highly proficient computer skills in Excel, Word, and Visual Basic
Strong interpersonal and communication (both written and verbal) skills that allow proactive working relationships in a team-oriented environment
Excellent ability to effectively prioritize work and meet deadlines
Excellent attention to detail with robust analytical, decision-making, and problem solving skills

Nice To Haves

Advanced degree (Masters) or CFA charter holder or similar certification preferred
Experience running ALM, capital markets, balance sheet management and/or other financial software preferred, such as QRM or Polypaths
Experience with scripting/programming languages such as SQL, R or Python preferred
Experience with dashboard tools such as Power BI preferred

Responsibilities

Perform quantitative analytics used in balance sheet management, portfolio management and pricing models, including mortgage pricing and prepayment modeling, balance sheet funding and hedging, liquidity management and/or income forecasting
Develop analytical methods and models that measure and analyze the Bank’s exposure to changes in interest rates and other market and business factors under numerous scenarios
Understand key drivers of risks including interest rate, prepayment, liquidity, capital management, and income risks and provide forward-looking recommendations to improve financial performance
Analyze and recommend hedging strategies for the Bank’s mortgage loan portfolio, including the mortgage pipeline
Analyze market, housing and macro-economic trends and collaborate with internal traders and external sell-side institutions to obtain relevant market information
Conduct research and financial analysis using fixed income analytics tools such as Polypaths, Principia, and Quantitative Risk Management (QRM)
Assess model performance and develop quantitative analysis to recommend and support changes, as appropriate
Implement and maintain asset and liability modeling systems to ensure the utilization of the best analytics systems for the Bank
Research, design and implement new quantitative models and reports
Manage, develop, and implement efficiencies and effective controls related to departmental EUC’s, models, processes related to portfolio management, asset liability management, mortgage loan origination, and debt issuance
Represent the Capital Markets Team in Bank-wide projects while gathering key requirements, coordinating cross- department initiatives, performing appropriate testing, finding solutions, and obtaining model validation
Develop, enhance, and present committee reports for various senior management and Board committees
Other duties and projects as assigned