Capital Markets Analyst
Company: Federal Home Loan Bank of Des Moines
Location: Des Moines
Posted on: May 25, 2023
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Job Description:
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.
The Capital Markets Analyst position is integral in pricing,
hedging and modeling the Bank's mortgage loan portfolio. This role
provides key value-add quantitative analytics and works across
business lines to enhance the Capital Markets division's
forward-looking decision-making process, pricing models, and
overall portfolio management. The Capital Markets Analyst maintains
the Bank's Mortgage Partnership Finance (MPF) pricing model and
advance prepayment model in accordance with Bank requirements.
*Accountabilities:*
* Research, maintain and design reporting capabilities that enhance
communication and conform to all Bank procedures.
* Analyze the mortgage pipeline and associated hedges and recommend
daily hedging transactions.
* Assess model performance, determine if adjustments are necessary
and incorporate possible solutions.
* Calculate and report member advance prepayment fees using a net
present value approach; assist with troubleshooting and enhancing
the model as necessary.
* Conduct testing and financial analysis using various Fixed Income
Analytics tools.
* Develop and enhance committee reports for various senior
management and Board committees.
* Document reporting processes & procedures and perform
departmental internal controls.
* Identify key factors impacting MPF pricing competitiveness and
provide forward-looking recommendations to improve financial
performance.
* Perform financial analysis for the MPF portfolio, including
pricing, risk & return attribution and prepayment analysis.
* Provide analytical support for other departmental tasks as
needed.
*Qualifications:*
* 1+ year of experience in financial analysis and reporting,
preferably within the financial services industry.
* Experience with balance sheet management, fixed income, complex
financial instruments and derivatives.
* Strong analytical and computer skills in Access, Excel, Word and
Visual Basic.
* Strong attention to detail with an ability to effectively
prioritize work, adjusting to changing workloads and deadlines.
* Strong interpersonal and communication (both written and verbal)
skills that allow proactive working relationships in a
team-oriented environment.
* Experience running ALM, capital markets and balance sheet
management software preferred.
* Bachelor's Degree in Finance or related area required; MBA with a
concentration in Finance or Economics preferred.
* CFA is helpful.
*Compensation Range:*
Annual Salary: $90,000.00 - $100,000.00
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.
Job Type: Full-time
Pay: $90,000.00 - $100,000.00 per year
Benefits:
* 401(k)
* Dental insurance
* Flexible schedule
* Health insurance
* Paid time off
* Tuition reimbursement
* Vision insurance
Schedule:
* 8 hour shift
* Monday to Friday
Ability to commute/relocate:
* Des Moines, IA 50309: Reliably commute or planning to relocate
before starting work (Required)
Work Location: Hybrid remote in Des Moines, IA 50309
Keywords: Federal Home Loan Bank of Des Moines, Des Moines , Capital Markets Analyst, Professions , Des Moines, Iowa
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