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Capital Markets Analyst

Company: Federal Home Loan Bank of Des Moines
Location: Des Moines
Posted on: May 25, 2023

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.


* 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.


* 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


* 401(k)

* Dental insurance

* Flexible schedule

* Health insurance

* Paid time off

* Tuition reimbursement

* Vision insurance


* 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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