Market Risk Analyst

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.

We value diversity and are looking for a highly motivated and intellectually curious candidate for this important role within our Enterprise Risk Management function. Enterprise Risk Management is critical to our Strong Bank Strong Communities vision. The candidate will be responsible for analyzing the Bank’s market risk sensitivity including asset, liability and derivatives management, income at risk, liquidity risk and capital risk.

If you have a passion for making a difference, then join our mission to be a reliable provider of funding, liquidity and services to our members so they can meet the housing, business and economic development needs of the communities they serve.

• Produce and analyze market risk valuation (income simulation) exposure reports for the Bank’s assets, liabilities, and derivatives under the direction of Market Risk Senior Analysts
• Support the preparation of risk reports for committees related to the Bank’s market and financial risk exposures
• Assist with the maintenance and upgrade of the Bank’s risk management quantitative models, including the evaluation of assumptions
• Contribute to innovation efforts through the development and enhancement of market risk models and processes
• Provide support for ad‑hoc analysis related to the Bank’s market risk (income at risk) exposures and actively contribute to the delivery of Bank‑wide projects
• Perform daily liquidity risk monitoring and monthly liquidity gap analysis
• Price and assess the risk of the Bank’s mortgage loan and investment portfolio to interest rates, spreads, changes in prepayment and default rates
• Review weekly market loading and MPF pricing update reports
• Other projects/responsibilities as assigned

• Familiarity with fixed‑income bond and derivative valuation theory and markets. Some awareness of key risk metrics
• Bachelor’s degree in finance, financial engineering, economics, mathematics, statistics, computer science or other quantitative fields
• Strong analytical and computer skills in Excel, PowerPoint, Word and relational databases such as SQL and Access. Programming skills are a plus
• Experience with financial markets, cashflow or valuation models
• Ability to work in a team environment and develop relationships with stakeholders
• Good oral and written communication skills

Annual Salary: $71,324 – $84,697. This salary range represents the Bank’s good faith and reasonable estimate of possible compensation at the time of hire. Offer will be determined by the selected applicant’s education, experience, knowledge, skills & abilities, as well as internal equity and alignment with market data. This role is also eligible to participate in the Bank’s annual incentive plan.

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 a 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 the year.

More information on our Total Rewards program can be found here.

At FHLB Des Moines, we work to create an inclusive culture. This enables us to effectively serve the needs of our members and help them succeed.

FHLB Des Moines is a proud Equal Opportunity Employer. We prohibit discrimination on the basis of race, color, religion, sex (including pregnancy, sexual orientation or gender identity), national origin, age, disability, veteran status, genetic information (including family medical history), status as a parent or any other characteristic protected by federal, state or local law.