Risk Analytics Co-Op
About the role
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. Federal Home Loan Bank of Des Moines seeks a CO OP position for Risk Analytics to conduct analysis and reporting of interest rate risk and asset/liability management of the Bank’s financial position utilizing complex financial models. Other duties include supporting Weekly Balance Sheet Reporting and monthly market value, economic value, income projection and Value at Risk reporting processes, as well as analyzing and updating market environments data for risk management systems.
Responsibilities
- Support in preparation and analysis of the weekly total balance sheet risk reporting and weekly Polypaths market creation processes and Mortgage Partnership Finance (MPF) Pricing Update.
- Support in preparation and analysis of the monthly risk reports such as market value, economic value, income projection and Value at Risk etc.
- Support in preparation and analysis of the monthly Market Risk Profile report.
- Assist with the maintenance and upgrade of the risk management systems, i.e. Polypaths.
- Other duties and projects as assigned.
- Comply with internal controls and regulations.
Qualifications
- Pursuing a Bachelor’s degree in finance, economics, mathematics, statistics, MBA or other quantitative/computing fields and/or equivalent work experience.
- Experience in market risk reporting dealing with complex fixed income financial instruments and derivatives.
Skills
- Strong analytical and computer skills in Access, Excel and Word.
- Programming experience preferred.
- Strong oral and written communication skills.
Pay
Hourly: $22.00 - $22.00 This compensation range represents the Bank’s good faith and reasonable estimate of possible compensation at the time of hire. Offer to be determined by selected applicant’s education, experience, knowledge, skills & abilities, as well as internal equity and alignment with market data.