Risk Analytics 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 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.

Accountabilities:

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.

Target start date is 1/1/2026

Five days in office

Compensation Range:

Hourly: $22.00 - $22.00

This compensation range represents the Bank’s good faith and reasonable estimate of possible compensation at the time of hire. Offer to be determined by selected applicant’s education, experience, knowledge, skills & abilities, as well as internal equity and alignment with market data. 

At FHLB Des Moines, we work to create an inclusive culture. This enables us to effectively serve the needs of our members and help them succeed.  FHLB Des Moines is proud to be an Equal Opportunity Employer.  We prohibit discrimination on the basis of race, color, religion, sex (including pregnancy, sexual orientation or gender identity), national origin, age, disability, veteran status, genetic information (including family medical history), status as a parent or any other characteristic protected by federal, state or local law.