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Federal Home Loan Bank of Indianapolis (FHLBI) · 1 month ago

Senior Director, Market Risk & Earnings Analysis

Indianapolis, IN

Full-time

Hybrid

Senior Level, Lead/Staff

$198K/yr - $234K/yr

10+ years exp

Federal Home Loan Bank of Indianapolis (FHLBI) is a leader in affordable housing and community development. The Senior Director, Market Risk & Earnings Analysis is responsible for directing market risk and income simulation functions, providing leadership and analytical support, and ensuring compliance with regulatory requirements.

BankingFinancial ServicesInsuranceVenture Capital

Comp. & Benefits

H1B Sponsor Likely

Responsibilities

Head the Market Risk and Financial Forecasting functions within the ERM department by providing leadership, feedback, mentoring, and oversight of staff

Provide key thought leader on market risk data analytics and is responsible for supervising and making continuous improvement to regular market risk and income simulation reporting and governance

Assist the Chief Risk Officer in the monitoring of market risk and income simulation

Supervise a wide range of market risk processes related to interest rates, mortgage prepayments, instrument valuation, option cost, etc. as well as other enterprise needed developments

Communicate regularly with and conduct presentations to the Board of Directors, Senior Management, Internal Audit, and the Federal Housing Finance Agency, as requested and is adept at explaining highly technical concepts in an intuitive manner

Supervise annual and regular financial forecasting and income simulation processes and works closely with Senior Management and various business units

Play a key role in the implementation of the enterprise wide-stress testing and provides analytical support for the Bank’s Economic Risk Estimate

Ensure the production and quality of market risk reports and income simulation

Supervise ownership of PolyPaths and ALM/forecasting models

Stay current with technical enhancements, methodologies, statistical, mathematical, and analytical/computational techniques, and trends related to market risk management. Research, understand, and implement next-generation analytical capabilities to ERM and market risk core functions to support market risk management understanding, regulatory testing, lines of business needs and model validation requirements such as model performance tracking methodologies and resolution of model validation findings

Implement, test, operate, and enhance a diverse range of market risk processes for subjects such as interest rates, mortgage prepayments, instrument valuation, option cost, etc. as well as other enterprise needed developments

Oversee the performance of financial model and quantitative analytics related to market risk and financial forecasting, including establishing proper performance monitoring, calibration, controls, timely remediation of model validation results

Develop and maintain effective partnerships with the Model Risk Management team, model users, business level management teams, Internal Audit, and the Federal Housing Finance Agency

Responsible for model performance results and takes ownership to mitigate model risk

Direct compliance with regulatory requirements, including Risk-Based Capital (reg requirement)

Follow up on all regulatory and governance recommendations to ensure timely remediation

Understand and interpret current regulatory guidance (specifically FHFA’s Model Risk Management Advisory Bulletin 2013-07) and assists in complying with guidance to adhere to Bank-specific policies and procedures

Oversee quality assurance, SOX and related governance, and outlier analysis

Qualification

Quantitative FinanceRisk ManagementInterest-Rate Risk ModelingFinancial ForecastingCFA CertificationFRM CertificationPython ModelingAsset/Liability ManagementPeople DevelopmentCommunicationTeam LeadershipDecision Making

Required

An advanced degree, such as a PhD or Master's, with a concentration in Quantitative Finance, Economics, Mathematics, Statistics, or some other quantitative discipline

10+ years' experience in risk management and/or asset-liability management, with some experience leading high performing and highly technical staff

5+ years of experience with Asset/Liability and valuations software/models such as Polypaths, QRM, ZMDesk, Principia, etc

Advanced analytical skills necessary to develop complex financial, quantitative and market risk reports and analyses

Strong ability to identify potential concerns, analyze and solve problems; ability to work effectively and independently to resolve such issues

Detail oriented, organized and flexible to support management and regulatory reporting

Ability to work as required for meeting deadlines

Verbal, written, and interpersonal skills to communicate effectively with all levels of Bank personnel

Strong relationship management skills and the ability to effectively engage with multiple levels of the Bank to include Board of Directors, Senior Management, Risk Related Committees, Working Groups, and Staff

Expert understanding of interest-rate risk and mortgage prepayment modeling and related mathematics, financial instruments, markets, asset-liability management, profitability analysis, and income simulation

Strong theoretical understanding of market risk modeling and financial forecasting

Must not have been convicted of any civil or criminal charge that would suggest a risk to Bank security

Ability to work full-time

Ability to uphold and model the Bank's Guiding Principles

Preferred

Professional certifications, such as CFA (Chartered Financial Analyst), FRM (Financial Risk Manager) or PRM (Professional Risk Manager) a plus

Five plus years of experience in interest-rate risk modeling and income simulation is preferred

Understanding of fixed income principles, including mortgage-backed securities and derivatives, preferred

Strong Python modeling experience preferred

Other analysis/modeling skills, such as R, MATLAB, FINCAD, Bloomberg, or Reuters EIKON desirable

Strong verbal and written communication skills including presentation skills

Detail-oriented. Ability to assume complex assignments with minimal direction

Benefits

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.

Company

Federal Home Loan Bank of Indianapolis (FHLBI)

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) is one of 11 independent regional cooperative banks across the U.S.

Founded in 1932

Indianapolis, Indiana, USA

201-500 employees

https://www.fhlbi.com

H1B Sponsorship

Federal Home Loan Bank of Indianapolis (FHLBI) has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (5)

2024 (6)

2023 (9)

2022 (7)

2021 (4)

2020 (5)