Federal Home Loan Bank of Des Moines · 2 weeks ago
Chief Credit Risk Officer
Des Moines, IA
Full-time
Hybrid
Director/Executive
$232K/yr - $276K/yr
10+ years expFederal Home Loan Bank of Des Moines is dedicated to fostering an inclusive culture that serves its members effectively. The Chief Credit Risk Officer will oversee credit risk management practices to ensure the Bank's safety and soundness while aligning credit risk with organizational strategy and business plans.
BankingFinancial ServicesMortgageReal Estate
Responsibilities
Determine appropriate application of credit risk management practices based on the risk appetite of the Bank
Provide strategic vision, anticipate market changes, and integrate credit risk with organizational strategy and business plans
Maintain a forward-looking approach, identifying emerging economic and competitive risks and position the Bank accordingly
Align and adapt credit risk management to evolving business needs, product offerings, and portfolio mix
Establish and maintain effective credit risk management policies, procedures and guidelines including risk limits and tolerances
Direct and oversee member and counterparty underwriting while understanding drivers and market trends that impact members’ and counterparties’ default risk
Review the Bank’s largest and most complex credit risk exposures—financials, business models, capital/liquidity, and management quality
Provide second line oversight of the Bank’s collateral risk management for lending and investment exposures, including collateral verification, eligibility and sufficiency
Direct and oversee the credit risk review process for new products, collateral types and other new risk-taking initiatives
Deliver clear and effective credit risk reporting to the Credit Risk Committee, Enterprise Risk Committee, Board, and regulators—translating complex topics into decision‑useful insights
Develop, implement, and oversee an effective internal control environment
Ensure compliance with Bank policies and applicable regulations
Lead and develop team members through communication, feedback, coaching and performance evaluation
Foster a strong risk-awareness culture
Chair the Credit Risk Committee and ensure its proper functioning
Perform other duties and strategic projects as assigned
Qualification
Required
Bachelor's degree in finance, economics, business administration or related field required
10 years' experience in credit risk, including evaluating the financial condition and performance of insurance companies, banks and thrifts, including counterparty credit analysis and collateral risk management
5 years' progressively responsible leadership roles in credit risk management
Strong knowledge of credit underwriting, credit risk policy and oversight, and credit models; secured credit, including lien perfection, priority, and receivership processes
Strong understanding of financial institution balance sheet structure, products and business models, including large and complex depositories and insurance companies
Experience with money market, mortgage, fixed income, derivative instruments and markets
Demonstrated ability to balance teamwork and partnership with ability and courage to drive change in a safe and sound manner
Strong organizational management ability, including leadership and management, while working efficiently with multiple priorities and deadlines
Excellent written and verbal communication skills
Strong analytical skills; comfort working with quantitative models
Solid project management skills
Team player with ability to manage vertically and horizontally across the organization
Preferred
Advanced degree (MBA, MS Finance, or related) preferred
Professional certifications (FRM, CFA) a plus
Benefits
11 paid holidays
5 weeks of PTO
Work culture that values work/life balance
Hybrid work schedule
100% of the first 6% you contribute to your 401(k)
4% non-discretionary contribution to your 401(k) at the end of year
Company
Federal Home Loan Bank of Des Moines
Federal Home Loan Bank of Des Moines is a financial services company providing mortgage and small business lending services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Kristina Williams
President and CEO
Carol Kobuke Nelson
Independent Director
Recent News
2026-01-22
2026-01-16
Federal Home Loan Bank of Des Moines
2025-10-24
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