Senior Model Validation and Assurance Analyst

This position plays a critical part in safeguarding the integrity of the Bank’s quantitative financial models by leading independent validations, overseeing third-party assessments, and ensuring robust governance across market risk and asset‑liability management (ALM). The position requires strong quantitative skills and the ability to communicate findings clearly to stakeholders.

• Lead validations of quantitative models in market risk and ALM.
• Manage and oversee third‑party validation work.
• Design and assess frameworks for monitoring model performance.
• Evaluate proposed model changes for significance and impact.
• Review and validate end‑user applications (e.g., Excel, Python).
• Perform benchmarking, back‑testing, and stress testing.
• Develop challenger models and assurance tools.
• Document procedures, support audit readiness, and report to committees.
• Contribute to FHLBank’s overall model risk management program.

• 3–5 years of experience in financial modeling, risk analytics, or model validation.
• Advanced degree (Master’s or Ph.D.) in finance, mathematics, computer science, economics, or related field.
• Strong knowledge of financial models (e.g., interest rate swaps, mortgage loans, credit ratings).
• Understanding of market and credit risk concepts (duration, convexity, Value-at‑Risk).
• Proficiency in Python, R, SQL, VBA, or MATLAB; ability to analyze complex spreadsheets and databases.
• Excellent communication skills and ability to work independently and collaboratively.
• Proficiency with MS Office (Word, Excel, Access).

• Hands‑on experience with ALM systems (Poly Paths, QRM, Principia) and balance sheet modeling.
• Experience with machine learning libraries, statistical packages, and generative AI.
• Coursework or research in quantitative risk management, computational finance, time‑series modeling, econometrics, or machine learning.
• Ph.D. strongly preferred.

FHLBank Topeka strives to be an employer of choice by offering industry‑leading benefits such as generous vacation and volunteer hours. Below are a few more of our benefits.

• Bankwide incentive compensation program
• 401K retirement plan with competitive company match
• Multiple health insurance offerings, including free telemedicine benefits
• Paid Time Off:
  Vacation, sick, personal, volunteer and bereavement leave
• Short‑term and long‑term disability coverage
• Voluntary life insurance
• Incentive‑based wellness program
• Paid maternity and parent bonding leave
• Tuition reimbursement and student loan assistance
• Onsite fitness center with shower facilities and onsite yoga classes
• Summer hours

At FHLBank Topeka, employees are business partners. We believe we are successful when we partner with one another and understand that our differences only make us stronger.

• Flexible Remote Workday | Business partners may work remote one day per week.
• Access to Leadership | The executives of FHLBank Topeka welcome communication with business partners. Stop by and say "Hi." Send an email and expect a response. Or schedule a meeting to share your perspective.
• Peer‑to‑Peer Recognition | Our recognition programs celebrate business partners practicing FHLBank Topeka values and those working above and beyond.
• Professional Wins | FHLBank Topeka offers business partners kudos for continuing education through tuition reimbursement and certification rewards.