Depository Credit Risk Analyst

Is it a Bank? A cooperative? A leader in affordable housing? We are all those things and more!

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. Simply put, we’re a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.

But enough about us, let’s talk about you.

Are you looking for a company that views their employees as their greatest asset?

A company that’s dedicated to making a difference in the community? So much so they pay their employees to volunteer?

Do you want to join a talented workforce that prioritizes equal opportunity within an inclusive culture, and promotes learning and development, unique skills/ideas, and employee engagement?

If you’ve said yes to these questions, then we might be a match!

Here is what we offer:

• Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer remote flex days!

• Fantastic, competitive pay and total rewards

• Industry-high 401(k) match: up to 6% PLUS…an additional 4% contribution!

• Tuition reimbursement assistance: To help you continue to develop personally and professionally.

• Student loan repayment assistance: That’s right, we will help you repay outstanding student loans!

• Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!

• Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program

• “Dress for your day” dress code: You choose the appropriate work attire based on what your day looks like.

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! 

Purpose:

Perform credit/financial analyses of FHLBank Indianapolis depository institution members and non-members to assist ERM Member Credit management in mitigating and managing the credit-related risk associated with these institutions.  Conduct micro and macro financial and economic analyses of the banking industry to aid management in making prudent lending and collateral decisions.  Maintain knowledge of domestic banking industry developments and provide ERM Member Credit management with updates regarding activities and events impacting depository members.

The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.

Specific Responsibilities:

• Financial Analysis - Perform credit/financial analysis and monitor the financial condition of the FHLBI’s depository members and non-member institutions utilizing S&P Market Intelligence / CapIQ, regulatory call reports, SEC filings, business plans, annual reports and confidential regulatory examination reports.  Summarize findings in written credit reviews that are used to formulate/support credit decisions and establish/adjust collateral requirements.

• As needed, attend member meetings to discuss financial condition and direction of member’s credit risk profile, incorporating takeaways in analyses as appropriate.

• Model Execution & Analysis - Execute models designed to evaluate credit risk for depository institution members, interpreting and reporting results to ERM Member Credit managers to assist in collateral and underwriting decisions.  Conduct model performance monitoring, assessing the use and performance of associated models and reporting to management the results and any recommendations of that research.

• Financial Research and Reporting - Design and develop reports and dashboards and interpret the output for use by ERM Member Credit managers to assist in their lending, collateral and underwriting decisions; while maintaining adherence to FHLBI and regulatory credit risk parameters.  Role