Senior Director, Market Risk & Analysis

Senior Director, Market Risk & Earnings Analysis

Join the Senior Director, Market Risk & Earnings Analysis role at Federal Home Loan Bank of Indianapolis (FHLBI).

Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. We serve banks, credit unions, community development financial institutions, and insurers across Indiana and Michigan, and we also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances.

Are you looking for a company that views employees as its greatest asset, prioritizes equal opportunity, and promotes learning and development? If so, we might be a match!

• Flexible hybrid workforce model: onsite 3 days a week and 2 days remote, plus remote flex days.
• Competitive pay and total rewards.
• Industry‑high 401(k) match: up to 6% PLUS an additional 4% contribution.
• Tuition reimbursement and student loan repayment assistance.
• Medical, dental, vision, and pet insurance.
• Generous time off: vacation, federal holidays, birthday month floating holiday, volunteer day, and summer hours program.
• Dress‑for‑your‑day dress code.

Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyway, as you may be the perfect match for this role!

The Senior Director, Market Risk & Earnings Analysis leads both the market risk and income simulation/financial forecasting functions within the Enterprise Risk Management Department. The director provides key thought leadership and analytical rigor to deliver timely, accurate, relevant information and analysis to decision makers, and ensures implementation of best practices and compliance with all regulatory and policy requirements.

• Head the Market Risk and Financial Forecasting functions within the ERM department by providing leadership, feedback, mentoring, and oversight.
• Provide key thought leadership on market risk data analytics and supervise continuous improvement to market risk and income simulation reporting and governance.
• Assist the Chief Risk Officer in monitoring market risk and income simulation.
• Supervise market risk processes related to interest rates, mortgage prepayments, instrument valuation, option cost, and enterprise‑wide developments.
• Communicate regularly with and present to the Board of Directors, Senior Management, Internal Audit, and the Federal Housing Finance Agency.
• Oversee annual and regular financial forecasting and income simulation processes with Senior Management and business units.
• Play a key role in enterprise wide‑stress testing and provide analytical support for the Bank’s Economic Risk Estimate.
• Ensure production and quality of market risk reports and income simulation.
• Supervise ownership of Poly Paths and ALM/forecasting models.
• Stay current on technical enhancements, methodologies, and analytical techniques related to market risk management.
• Implement, test, operate, and enhance market risk processes for interest rates, mortgage prepayments, instrument valuation, option cost, and other developments.
• Oversee performance of financial models and quantitative analytics, including calibration and remediation of model validation results.
• Maintain partnerships with the Model Risk Management team, model users, business-level teams, Internal, and the Federal Housing Finance Agency.
• Manage model performance results and mitigate model risk.
• Direct compliance with regulatory requirements, including Risk‑Based Capital.
• Ensure timely remediation of regulatory and governance recommendations.
• Interpret current regulatory guidance and help the Bank adhere to policies and procedures.
• Oversee quality assurance, SOX, and related governance, and outlier analysis.

• An advanced degree (PhD or Master’s) in Quantitative Finance, Economics, Mathematics, Statistics, or a related discipline.
• Professional certifications such as CFA, FRM, or PRM are a plus.
• 10+ years’ experience…