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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 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/Duties/Function/Tasks:

  • 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:

  • Bachelor 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. 

Physical requirements

 

The physical demands described here are generally representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle controls; talk and hear. Specific vision abilities required by this job include close vision and the ability to adjust focus. The employee frequently is required to reach with hands and arms. The employee is occasionally required to stand; walk; and stoop. The employee must regularly lift and/or move up to ten pounds and may be required to lift, move and/or carry up to 100 pounds.

 

Travel

  • Employees in this position work from their home and will be expected to travel up to _____% of the time.
  • Employees in this position will travel by car or airplane multiple times per year to various conferences and/or Bank related meetings.
  • Employees in this position will make daily trips locally (i.e. to the post office)
  • Employees in this position may travel periodically for work related activities, but it is not a regular part of the job.