Market Risk Analyst CO OP

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 Market Risk Analyst 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 Daily Balance Sheet Reporting and monthly market value, economic value and VaR reporting processes, as well as analyzing and updating market environments data for risk management systems.

Responsibilities:

• Support in preparation and analysis of the daily total balance sheet risk reporting and daily QRM market creation processes and MPF Pricing Update.
• Support in preparation and analysis of the monthly risk reports such as market value, economic value, and VaR 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. QRM.
• Other duties and projects as assigned.
• Comply with internal controls and regulations.  

Qualifications:

• Advanced 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.
• Strong analytical and computer skills in Access, Excel and Word. 
• Programming experience preferred.
• Strong oral and written communication skills.