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.
Senior Model Risk Analyst
Federal Home Loan Bank of Des Moines Des Moines, IA Full-Time
Accountabilities:
Job Details
- Lead model validation projects to conduct robust and comprehensive testing and analysis according to the Bank’s Model Risk Management Policy and relevant regulatory guidelines.
- Assess model risk and make recommendations on model use and remediation of identified deficiency.
- Generate validation reports detailing conclusions of the model validation and present findings and recommendations to model owners and relevant management committees.
- Assist in other model validation activities, such as the discussion of Model Risk Management Policy and regulatory guidelines and the improvement of model validation practices.
- Prepare periodical model risk related reports to relevant committees and stakeholders.
- Monitor departmental regulatory issues and internal controls.
- Des Moines, IA worksite with option to work 3 days in Des Moines office and 2 days work from home.
Qualifications
- Bachelor’s degree or foreign equivalent in Mathematics, Actuarial Science, Statistics, Data Analytics, Finance, Business Administration with a major in Actuarial Science, or related field plus 2 years of experience as a Senior Model Risk Analyst, Model Risk Analyst, Validation Analyst, Intern, or similar duties under a different job title.
- Experience to include 2 years with: operating, developing, or validating financial models such as QRM, PolyPaths and End-User Computing models; model validation tests and methodologies; Excel; VBA; SQL and Access; Market Risk, Credit Risk, Economic Capital, or Value at Risk models; fixed income model assumptions including mortgage prepayment, pricing, liquidity, and callable bond valuation.
- Certified CFA, FRM, or PRM required.
Hours per week/Wage:40 hours per week; salary range between $96,456 to $144,684/year.
Worksite: 909 Locust St, Des Moines, IA 50309 worksite with option to work 3 days in Des Moines office and 2 days work from a home office.
Send resumes to: Recruiter, Federal Home Loan Bank of Des Moines, 909 Locust St., Des Moines, IA 50309 or apply online www.fhlbdm.com. EOE.
Compensation Range:
Annual Salary: $96,456.00 - $144,684.00
This salary 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. This role is also eligible to participate in the Bank’s annual incentive plan.
As part of our competitive Total Rewards package, the Bank offers 11 paid holidays, 5 weeks of PTO and a work culture that values work/life balance. Most roles are eligible for our hybrid work schedule of 3 days per week in office, 2 days per week work-from-home. We match 100% of the first 6% you contribute to your 401(k), and provide an additional 4% non-discretionary contribution to your 401(k) at the end of year. More information on our Total Rewards program can be found
here
.
At FHLB Des Moines, we celebrate diversity, work to create an inclusive culture and champion equity in all of our policies and practices. 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.